SMR Jewels IPO To Open Soon; Here Are The Key Details

Ahmedabad-based jewellery company SMR Jewels is set to enter the primary market with its upcoming SME initial public offering.

The company will open its IPO for subscription on 26 May 2026 on the BSE SME platform. The issue is aimed at raising ₹67.23 crore through a combination of a fresh issue and an offer for sale.

IPO Structure And Price Band

The public issue consists of a fresh issue worth up to ₹54 crore along with an offer for sale of shares valued at ₹13.23 crore by existing shareholders.

In total, the IPO includes 49.8 lakh equity shares.

The company has fixed the price band at ₹128 to ₹135 per share with a face value of ₹10 each.

The issue will remain open for subscription until 29 May 2026.

Investors will be able to apply for a minimum lot size of 2,000 shares.

How The Company Plans To Use IPO Funds

According to the company, proceeds from the fresh issue will mainly be used for setting up a jewellery studio and meeting capital expenditure requirements.

Part of the funds will also go towards repayment or prepayment of certain borrowings, along with supporting long-term working capital needs and general corporate purposes.

About The Company

SMR Jewels operates in the gold jewellery business and is involved in designing, manufacturing and marketing jewellery products across different customer categories.

The company focuses on combining traditional jewellery craftsmanship with modern designs and has developed capabilities in jewellery design, product development and customer servicing.

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Financial Performance

The company reported strong growth in FY25.

Revenue from operations rose to ₹263.25 crore during the financial year, compared to ₹124.52 crore in FY24.

Profit after tax also increased sharply to ₹10.41 crore from ₹3.84 crore recorded in the previous financial year.

Sources:

The Hindu BusinessLine

Livemint

Moneycontrol