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₹128 - 128
SMR Jewels Ltd
Diamond, Gems and JewelleryIPOSME
₹128 - 128
We specialize in Designer Heritage Jewellery that blends the richness of India's cultural and artistic traditions with modern aesthetics. Our jewellery reflects intricate craftsmanship, heritage artistry, and traditional motifs, while incorporating contemporary styles to suit the evolving tastes of today's customers. Each piece is created with its own storytelling, carrying cultural meaning, emotional value, and artistic expression.
Lot1,000Min Invest₹2,56,000Face Value₹10Issue Size₹64 CrFresh Issue₹51 CrOffer for Sale₹13 CrListing Price₹103CMP₹101
Timeline
26 May
Bidding opens
3 Jun
Bidding closes
4 Jun
Allotment
5 Jun
Refund & demat credit
8 Jun
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹64 Cr0.50 Cr shares
Fresh Issue₹51 Cr
Offer for Sale₹13 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 10% · NII 40.01% · RETAIL 49.99%
Application Sizes
Retail₹2,56,0001-1 lots
sNII₹2,56,000from 2 lots
bNII₹10,24,000from 8 lots
Managers & Registrar
Lead ManagerWealth Mine Networks Limited
RegistrarPurva Sharegistry (I) Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrParul Manoj SoniPRMTR3,50,0004.48Dipikaben Virendra SoniPRMTR3,50,0004.48Vismay Manojkumar SoniPRMTR1,40,0001.79Drashti Pal ModiPRMTR50,0000.64Bhanumati Ramanlal ParekhPRMTR30,0000.38Soni Mitul VirendraPRMTR30,0000.38Soni Niharika VismayPRMTR30,0000.38Total9,80,00012.54
Shareholding
CategoryPre IPOPost IPOPromoter Group90.38%65.72%Public9.62%34.28%
Objects of the Issue
- Capital expenditure requirements towards Construction of Jewellery Studio
- Repayment/prepayment of all or certain of the company borrowings availed of by its Company
- Long Term Working capital requirement
- General Corporate Purpose
Anchor Book
30-day lock-in03-Jul-202690-day lock-in01-Sep-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 68 | 125 | 263 | 432 |
| Operating ProfitCr | 2 | 6 | 16 | 36 |
| OPM% | 2.9 | 4.9 | 5.9 | 8.3 |
| PBTCr | 1 | 5 | 15 | 33 |
| PATCr | 1 | 4 | 11 | 25 |
| EPS | 1 | 3 | 7 | 17 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 5 | 15 |
| ReservesCr | 1 | 5 | 20 | 35 |
| BorrowingsCr | 6 | 8 | 9 | 17 |
| Total AssetsCr | 21 | 15 | 44 | 86 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -1 | -1 | 0 | -17 |
| Investing Cash FlowCr | 0 | 0 | 0 | 0 |
| Financing Cash FlowCr | 1 | 1 | 10 | 7 |
| Net Cash FlowCr | 0 | 0 | 10 | -10 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoter and management team with proven execution capabilities and Skilled work force and Karigars with contemporary designing capabilities.
- Long business experience and established network of suppliers and Clients.
- Profitable track record and strong balance sheet.
- Wide and diverse range of ornament offerings.
- Large and unique design database.
Strategies · as stated in the DRHP
- Strengthening B2B Relationships and Expanding Market Reach.
- Continuous Design Expansion and Disciplined Inventory Management.
- Brand Building in B2B.
- Jewellery Studio Development.
- Enhancing Operating Effectiveness and Efficiency.
Risks · as stated in the DRHP
- The company may continue to derives a material portion of its revenue from the company top ten customers and its financial dependence on the company top ten customers poses a potential risk. A reduction in business from these top ten customers or any other major clients could has negative implications for both its revenue and profitability.
- The company is highly dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of its raw materials, or an increase in the company raw material costs and other input costs, may adversely affect the pricing and supply of its products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
- The company revenues is highly dependent on its operations in geographical region of state of Gujarat. Any adverse development affecting the company operations in this region could has an adverse impact on its business, financial condition and results of operations.
- A significant portion of the company manufacturing relies on artisans or Karigars who operates independently, which could introduce its to potential risks stemming from any challenges or changes affecting their operations.
- Regulatory and Financial Risks Dues to Delay in Filing Form MGT-14 and Late Refund of Application Money.
- Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.