SMR Jewels Ltd. was incorporated in 2018 and is engaged in the design and distribution of designer heritage jewellery in India. The Company specializes in premium jewellery collections inspired by traditional craftsmanship, cultural motifs, and contemporary fashion trends.
Its product portfolio includes Designer Heritage Jewellery, Nature-Inspired Jewellery, and Traditional Jewellery collections featuring Jadtar, Meenakari, Polki, bridal jewellery, and festive wear designs. The Company caters to evolving consumer preferences ranging from ornate traditional sets to modern occasion-based jewellery.
SMR Jewels follows an asset-light business model where jewellery manufacturing is outsourced to skilled artisans and craftsmen, while product conceptualization, design development, and customer engagement are managed internally. This enables the Company to focus on creativity, design innovation, and operational scalability without maintaining a dedicated manufacturing facility.
The Company serves reputed jewellery retailers and branded jewellers across India, including HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited. Its key strengths include strong design capabilities, diversified jewellery collections, established industry relationships, and an asset-light scalable operating model.
| IPO Event | Date |
|---|---|
| IPO Open Date | Tue, May 26, 2026 |
| IPO Close Date | Fri, May 29, 2026 |
| Tentative Allotment | Mon, Jun 1, 2026 |
| Tentative Listing Date | Wed, Jun 3, 2026 |
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 per share |
| Lot Size | 1,000 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue + Offer for Sale |
| Listing At | BSE SME |
| Total Issue Size | 49,80,000 shares (₹67.23 Cr) |
| Fresh Issue | 37,51,000 shares (₹54 Cr) |
| Offer for Sale | 9,80,000 shares (₹13.23 Cr) |
| Market Maker Portion | 2,49,000 shares |
| Net Offered to Public | 47,31,000 shares |
| Shareholding Pre Issue | 1,46,53,743 shares |
| Shareholding Post Issue | 1,86,53,743 shares |
| Market Cap (Pre-IPO) | ₹251.83 Cr |
Refer to RHP for detailed Information.
Registrar: Purva Sharegistry (India) Pvt.Ltd.
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The SMR Jewels IPO will open on May 26, 2026 and close on May 29, 2026.
The IPO price band is fixed at ₹128 to ₹135 per share.
The minimum application lot size is 1,000 shares.
The Company plans to raise approximately ₹67.23 crore through a combination of fresh issue and offer for sale.
The shares are proposed to be listed on the BSE SME platform.
SMR Jewels is engaged in the design and distribution of designer heritage jewellery, including Polki, Meenakari, bridal, festive, and nature-inspired collections.
Purva Sharegistry (India) Pvt. Ltd. is the registrar to the issue.
Key strengths include strong design capabilities, diversified jewellery collections, reputed client relationships, and an asset-light scalable business model.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
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Monarch Networth Capital IFSC Private Limited (Wholly owned subsidiary of Monarch Networth Capital Limited) is a Registered Fund Management Entity (Retail) having Registration No: IFSCA/FME/III/2025-26/169. Monarch India Growth Fund will be an open-ended Restricted Scheme (Non-Retail) construed as a Category III AIF under the IFSCA (Fund Management) Regulations, 2025. Monarch AIF is a Category III AIF having SEBI Registration No. IN/AIF3/20-21/0787. This material is for informational purposes only and is not intended as an offer or solicitation or investment advice to buy or sell securities. Investments are subject to market risks. The offering is made only through official scheme documents to eligible investors under GIFT IFSC regulations. Investors should read all documents carefully and consult their advisors before investing.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
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Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
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