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Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
26th May
Offer End Date
3rd Jun
Allotment Date
4th Jun
Refund Initiation
5th Jun
Demat Transfer
5th Jun
Listing Date
8th Jun
Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of designer heritage jewellery inspired by India’s cultural and artistic traditions. The company’s product portfolio includes heritage jewellery, nature-inspired collections, and traditional jewellery such as Jadtar, Meenakari, Polki, bridal, and festive designs. Its collections are created to cater to varying customer preferences, ranging from traditional ceremonial jewellery to contemporary pieces designed for modern occasions. The company develops jewellery concepts and designs internally, while manufacturing activities are outsourced to artisans and craftsmen with specialised skills in jewellery production.
The company’s theme-based jewellery collections draw inspiration from mythology, spirituality, and cultural storytelling, including motifs associated with Radha-Krishna, Buddha, floral elements, vines, animals, and seasonal patterns. These collections are positioned around craftsmanship, artistic detailing, and cultural expression. SMR Jewels Limited supplies products to jewellery retailers and businesses, including 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 and also worked with a wider network of artisans and job workers supporting its operations.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 90.37% | 65.74% |
| Public Group | 9.63% | 34.26% |
| QIB Shares Offered | 4,73,000 (9.5%) |
| NII (HNI) Shares Offered | 18,93,000 (38.01%) |
| Retail Shares Offered | 23,65,000 (47.49%) |
| Anchor Investor Shares Offered | 0 (0%) |
| Total Shares Offered | 49,80,000 |
| Total Shares With Anchor Investor | 49,80,000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,56,000 |
| Retail (Max) | 2 | 2,000 | ₹2,56,000 |
| S HNI (Min) | 3 | 3,000 | ₹3,84,000 |
| S HNI (Max) | 7 | 7,000 | ₹8,96,000 |
| B HNI (MIN) | 8 | 8,000 | ₹10,24,000 |
| Purva Sharegistry (I) Pvt Ltd | |
|---|---|
| Phone Number | + 91 22 4961 4132 |
| Email Id | newissue@purvashare.com |
| Website | www.purvashare.com |
1. Wealth Mine Networks Limited
| March 31, 2025 | March 31, 2024 | March 31, 2023 | |
|---|---|---|---|
| Net Worth | ₹24.14 Cr | ₹4.88 Cr | ₹1.04 Cr |
| Reserves and Surplus | ₹19.25 Cr | ₹4.87 Cr | ₹1.03 Cr |
| Total Borrowing | ₹8.57 Cr | ₹7.65 Cr | ₹6.33 Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 4,73,000 | 25,58,000 | 5.408 |
| Non Institutional Investors (NIIs) | 21,41,000 | 21,50,000 | 1.0042 |
| Retail Individual Investors (RIIs) | 23,66,000 | 7,04,000 | 0.2975 |
| Total | 49,80,000 | 54,12,000 | 1.09 |
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India’s gold and diamond trade contributes around 7% to the country’s Gross Domestic Product (GDP), reflecting the sector’s role in economic activity.
The Gems and Jewellery sector provides employment to nearly 5 million people across various segments of the industry.
Considering its growth potential and scope for value addition, the Government has identified the sector as a focus area for export promotion initiatives.
Several measures have been introduced to encourage investment, technological advancement, and skill development within the industry.
These initiatives are also aimed at strengthening the global presence of ‘Brand India’ in the international gems and jewellery market.
The Government permits 100% Foreign Direct Investment (FDI) in the sector through the automatic route, removing the need for prior approval from the Reserve Bank of India or the Government of India.
In March 2022, India signed the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE).
The agreement provides duty-free access for the Indian gems and jewellery industry in the UAE market, supporting export-related opportunities.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for SMR Jewels IPO.
SMR Jewels Ltd IPO is a SME IPO of 49,80,000 equity shares of a face value of ₹10 aggregating up to ₹63.74 Crores. The issue is priced at ₹125 to ₹128 per share. The minimum order quantity is 1000 Shares. The IPO opens on May 26, 2026, and closes on June 03, 2026. Purva Sharegistry (I) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.
The SMR Jewels Ltd IPO opens on May 26, 2026 and closes on June 03, 2026.
SMR Jewels Ltd lot size is 1000 shares, and the minimum amount required is ₹2,56,000.
You can apply in SMR Jewels Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
The finalization of Basis of Allotment for SMR Jewels Ltd IPO will be done on June 04, 2026, and the allotted shares will be credited to your demat account by June 05, 2026.
The SMR Jewels Ltd listing date is June 08, 2026.
The registrar of SMR Jewels Ltd IPO is Purva Sharegistry (I) Pvt Ltd
Wealth Mine Networks Limited will be the book-running lead manager of this IPO.
The fresh issue size is ₹51.2 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹2,56,000 amount.
To apply for SMR Jewels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each SMR Jewels Ltd share will be ranging in between ₹125 to ₹128 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, June 03, 2026.
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