
Consumer Discretionary / Gems & Jewellery · BSE
Founded in 2018, SMR Jewels Limited is involved in designing and distributing designer heritage jewellery. The company offers a wide range of jewellery, including nature-inspired designs based on flowers, leaves, animals, and seasonal themes, along with traditional collections such as Jadtar, Meenakari, Polki, bridal, and festive jewellery. These products are created to suit both traditional and modern customer preferences for weddings and special occasions. While the company handles jewellery concepts and designs internally, the manufacturing work is outsourced to experienced artisans and craftsmen. Its client base includes well-known jewellers like HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited. As of March 31, 2026, the company had 23 permanent employees along with support from a larger network of artisans and job workers.
Price Band
₹125 – ₹128
Issue Size
₹498.00 L Cr
Lot Size
1000 shares
GMP
Est. Listing
₹128
at current GMP
Subscribed
1.14x
overall
Open
26 May 2026
Close
3 Jun 2026
Allotment
4 Jun 2026
Refund
5 Jun 2026
Demat Credit
6 Jun 2026
Listing
8 Jun 2026
Overall Subscription
1.14x
Total Demand
QIB Multiplier
5.41x
Institutions & Funds
NII / HNI
1.14x
High Net-Worth
Retail (RII)
0.30x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 473,000 | 2,558,000 | 5.41x |
| NIB | 1,892,000 | 2,150,000 | 1.14x |
| HNIs(10L +) | 1,262,000 | 2,019,000 | 1.60x |
| HNIs (2-10L) | 630,000 | 131,000 | 0.21x |
| RETAIL | 2,366,000 | 704,000 | 0.30x |
| Total | 6,623,000 | 7,562,000 | 1.14x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 5 | 0.00x |
| NIB | — | 45 | 0.00x |
| RETAIL | 1,183 | 352 | 0.30x |
| EMPLOYEES | — | — | 0.00x |
| HNIs(10L +) | 421 | 8 | 0.02x |
| HNIs (2-10L) | 210 | 37 | 0.18x |
| Shareholder | — | — | 0.00x |
| Total Applications | 1,814 | 447 | 0.25x |
SMR Jewels Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Gems & Jewellery sector with an aggregate issue size of ₹49,80,000 Crores. The shares are offered at a price band of ₹125 to ₹128 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2026-06-03, the basis of allotment is scheduled to be finalized on 2026-06-04. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
The SMR Jewels Limited IPO aggregate issue size is ₹49,80,000 Crores with an equity price band set at ₹125 to ₹128 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,28,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Purva Sharegistry India Private Limited) and the BSE status verification website on or around 2026-06-04.