Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery.
The company’s portfolio also includes Nature-Inspired Jewellery, reflecting designs influenced by flowers, leaves, vines, animals, and seasonal motifs, and Traditional Jewellery, comprising Jadtar, Meenakari, Polki, and Bridal & Festive collections. These creations cater to diverse preferences, from ornate heritage sets to contemporary designs for weddings and festivals.
SMR Jewels does not own a manufacturing facility but outsources production to skilled artisans and craftsmen, while conceptualization and design are managed in-house.
Its clientele includes reputed jewellers such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.
As of , March 31, 2026, the company employed 23 permanent staff members supported by a broader network of artisans and job workers.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding capital expenditure requirements towards Construction of Jewellery Studio | ₹6 |
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions | ₹7 |
| Funding long-term Working Capital Requirement | ₹30 |
| Funding expenditure for General Corporate Purposes. | — |
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 85 | 43 | 15 |
| Revenue | 309 | 263 | 125 |
| PAT | 19 | 10 | 4 |
| EBITDA | 27 | 15 | 6 |
| Net Worth | 43 | 43 | 5 |
| Reserves | 5 | 19 | 5 |
| Total Borrowing | 17 | 19 | 8 |
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 2.35 | 473,000 | 1,112,000 | ₹639 Cr |
| NII / HNI | 0.06 | 1,892,000 | 106,000 | ₹2,554 Cr |
| Retail (RII) | 0.26 | 2,366,000 | 626,000 | ₹3,194 Cr |
| Market Maker | — | 249,000 | — | ₹3 Cr |
| Total | 0.39 | 4,731,000 | 1,844,000 | ₹6,387 Cr |
* Amount calculated at upper price band (₹135) · ** Total includes all investor categories
- 1 Initiation of Refund 05 Jun 2026
- 2 Credit of Shares to Demat 05 Jun 2026
- The IPO P/E of 10x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹7 compares to post-issue EPS of ₹9 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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