SMR Jewels IPO
Issue Dates
26 May – 29 May 2026
Listing Date
3 Jun 2026
About SMR Jewels Limited
SMR Jewels Limited, incorporated in 2018, is engaged in the design and distribution of designer heritage jewellery. The company offers a diverse portfolio including nature-inspired jewellery (floral, leaf, vine, animal and seasonal motifs), traditional jewellery such as Jadtar, Meenakari, Polki, and bridal & festive collections. The company does not own manufacturing facilities and instead outsources production to skilled artisans and job workers, while all design and product conceptualization is handled in-house. Its products are supplied to established jewellery retailers such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.
Visit WebsiteIPO Details
| Price Band | TBA |
| Face Value | ₹10 |
| Issue Size | TBA |
| Fresh Issue | TBA |
| Listed On | BSE |
Objects of the Issue
Funding capital expenditure towards construction of Jewellery Studio, repayment/prepayment of borrowings, long-term working capital requirements, and general corporate purposes.
Key Financial Metrics
ROE
71.76%
ROCE
47.92%
Debt / Equity
0.31
Financial Performance
| Particulars (₹ Cr) | FY23 | FY24 | FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 67.53 | 124.52 | 263.25 | 100.03 |
| EBITDA | 1.96 | 6.14 | 15.17 | 6.24 |
| PAT | 0.91 | 3.85 | 10.41 | 4.47 |
| Total Assets | 21.3 | 15.06 | 43.35 | 56.04 |
| Net Worth | 1.04 | 4.88 | 24.14 | 28.61 |
| Total Borrowings | 6.33 | 7.65 | 8.57 | 8.74 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Registrar & Lead Managers
Registrar
Lead Managers (1)
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| SMR Jewels IPO (this IPO) | — | — | — | — | 71.76% |
| Titan Company Ltd | Yes | — | — | — | — |
| Kalyan Jewellers India Ltd | Yes | — | — | — | — |
| Tribhovandas Bhimji Zaveri Ltd | Yes | — | — | — | — |
| PC Jeweller Ltd | Yes | — | — | — | — |
| Rajesh Exports Ltd | Yes | — | — | — | — |
Data as of 31/3/2025
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Important Dates
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