Home / Business and Economy / SMR Jewels IPO Opens: Heritage Jeweler Seeks ₹67 Cr
SMR Jewels IPO Opens: Heritage Jeweler Seeks ₹67 Cr
26 May
Summary
- SMR Jewels IPO opened on May 26, aiming to raise ₹67.23 crore.
- The IPO features a fresh issue and an offer-for-sale.
- Funds will finance a studio, repay debt, and boost working capital.
The initial public offering (IPO) for SMR Jewels, a company specializing in heritage jewelry design, commenced on May 26, 2026, with the goal of raising ₹67.23 crore. This SME IPO is structured as a combination of a fresh share issuance worth ₹54 crore and an offer-for-sale (OFS) component totaling ₹13.23 crore.
The company has established a price band of ₹128 to ₹135 per share. Investors have the option to apply in lots of 1,000 shares. SMR Jewels intends to allocate the capital raised from the fresh issue towards constructing a new jewelry studio, repaying bank and financial institution borrowings, and bolstering its working capital.
Tentative dates have been set for the allotment on June 1, 2026, and the listing on June 3, 2026, on the BSE SME platform. Wealth Mine Networks is serving as the book-running lead manager for the issue.
The QIB quota has seen significant subscription, while retail and NII segments are still open for investment. SMR Jewels operates through a collaborative job-work model with skilled artisans, supported by its in-house design team, rather than an in-house manufacturing facility.
