💍 SMR Jewels IPO Subscription Day 1 Report — 26 May 2026

The SMR Jewels IPO opened for subscription today on 26 May 2026 on BSE SME. This Hyderabad-based designer heritage jewellery company is raising ₹67.23 crore via a book-built issue comprising a fresh issue of ₹54 crore and OFS of ₹13.23 crore at a price band of ₹128–₹135 per share. Issue closes 29 May 2026, allotment 1 June 2026, listing 3 June 2026.

📊 Day 1 Subscription Status — Category Wise

• Overall Subscription: The SMR Jewels IPO is subscribed 0.01 times as of 26 May 2026 (1:19 PM). Being Day 1 of a 4-day subscription window, this is expected — bids typically surge on Day 3 and Day 4.

• Retail (RII) Category: Retail bids are in very early stage on Day 1. Allotment probability is currently very high for early applicants as the issue is heavily undersubscribed.

• NII / HNI Category: NII participation yet to begin meaningfully. HNI investors typically wait for final days before placing large bids.

• QIB Category: QIB quota 50%. No significant institutional activity expected on Day 1. Track live on IPOView SMR Jewels tracker.

• IPOView Day 1 Assessment: Day 1 subscription at 0.01x is typical for BSE SME book-built issues. The issue has 3 more days to go. Investors should watch Day 3 and Day 4 for institutional demand clarity. Track live SMR Jewels IPO subscription on IPOView.

📈 SMR Jewels IPO GMP Today — 26 May 2026

The SMR Jewels IPO GMP today is ₹0. No grey market premium activity at this stage. Track live SMR Jewels GMP updates on IPOView for movement closer to listing on 3 June 2026.

🏭 Company Overview — SMR Jewels Ltd

SMR Jewels Limited was incorporated in 2018 and is engaged in the design and distribution of Designer Heritage Jewellery. The company offers a wide range including nature-inspired designs — flowers, leaves, vines, animals, seasonal themes — as well as traditional jewellery such as Jadtar, Meenakari, Polki, and bridal and festive collections. Its client base includes several well-known jewellery brands — HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D.P. Jewels among others. The company operates in the growing premium and heritage jewellery segment, catering to both retail and institutional buyers across India.

📋 IPO Key Details

• Exchange: BSE SME

• Issue Type: Book-Built | Fresh Issue: ₹54 Cr + OFS: ₹13.23 Cr

• Issue Size: ₹67.23 Crore | Total: 49.80 lakh shares

• Price Band: ₹128 – ₹135 per share | Face Value: ₹10

• Lot Size: 1,000 shares | Min. Investment: ₹2,70,000 (2 lots = 2,000 shares)

• HNI Min. Investment: ₹4,05,000 (3 lots = 3,000 shares)

• Open Date: 26 May 2026 | Close Date: 29 May 2026

• Allotment Date: 1 June 2026 | Listing Date: 3 June 2026

• Registrar: Purva Sharegistry (India) Pvt. Ltd.

• Lead Manager: Wealth Mine Networks Pvt. Ltd.

• Market Maker: Rikhav Securities Ltd.

• Post-IPO Market Cap: ~₹251.83 Crore at upper band

💰 Financials — Key Numbers

• Business: Design + Distribution of Designer Heritage Jewellery — B2B model serving branded jewellery retailers

• Key Clients: HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers

• Incorporation: 2018 | Headquarters: Hyderabad

• IPO Proceeds Use: Working capital and general corporate purposes (Fresh Issue component)

✅ Should You Apply?

The SMR Jewels IPO is from a 2018-incorporated designer heritage jewellery distributor with a strong B2B client base including marquee names like Vaibhav Jewellers and JOSCO. However, Day 1 subscription of 0.01x and GMP of ₹0 indicate very cautious early market sentiment. The IPO market overall is tepid in May 2026 as noted by analysts. Investors should wait for Day 3 and Day 4 subscription data and watch for any GMP movement before applying. Track live SMR Jewels subscription on IPOView.

Disclaimer: This is not investment advice. Please read the RHP carefully and consult your financial advisor before investing. GMP is unofficial and unregulated.