Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery.
The company’s portfolio also includes Nature-Inspired Jewellery, reflecting designs influenced by flowers, leaves, vines, animals, and seasonal motifs, and Traditional Jewellery, comprising Jadtar, Meenakari, Polki, and Bridal & Festive collections. These creations cater to diverse preferences, from ornate heritage sets to contemporary designs for weddings and festivals.
SMR Jewels does not own a manufacturing facility but outsources production to skilled artisans and craftsmen, while conceptualization and design are managed in-house.
Its clientele includes reputed jewellers such as HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D. P. Abhushan Limited.
As of , March 31, 2026, the company employed 23 permanent staff members supported by a broader network of artisans and job workers.
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 85.43 | 43.35 | 15.06 | 21.30 |
| Total Income | 308.72 | 263.25 | 124.52 | 67.53 |
| Profit After Tax | 18.56 | 10.41 | 3.85 | 0.91 |
| EBITDA | 26.71 | 15.17 | 6.14 | 1.96 |
| NET Worth | 42.69 | 24.14 | 4.88 | 1.04 |
| Reserves and Surplus | 28.04 | 19.25 | 4.87 | 1.03 |
| Total Borrowing | 16.54 | 8.57 | 7.65 | 6.33 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards Construction of Jewellery Studio | 6.40 |
| 2 | Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions | 6.50 |
| 3 | Funding long-term Working Capital Requirement | 30.00 |
| 4 | Funding expenditure for General Corporate Purposes. | |
| Total | 42.90 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 55.52% | 71.76% |
| ROCE | 50.18% | 47.92% |
| RoNW | 43.54% | 43.14% |
| PAT Margin | 6.01% | 3.96% |
| EBITDA Margin | 8.65% | 5.76% |
| Price to Book Value | 4.63 | 2.30 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.11 | 13.26 |
| P/E (x) | 19 | 10.18 |
| IPO Date | 26 May, 2026 |
| Listing Date | Wed, Jun 3, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 49,80,000 shares (agg. up to ₹67 Cr) |
| Reserved for Market Maker | 2,49,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 37,51,000 shares (agg. up to ₹51 Cr) |
| Offer for Sale | 9,80,000 shares of ₹10 (agg. up to ₹13 Cr) |
| Net Offered to Public | 47,31,000 shares (agg. up to ₹64 Cr) |
| Share Holding Pre Issue | 1,46,53,743 shares |
| Share Holding Post Issue | 1,86,53,743 shares |
Mr. Vismay Manojkumar Soni, Mr. Jainil Virendra Soni, Mrs. Parul Manoj Soni, Mrs. Dipikaben Virendra Soni, Mrs. Drashti Pal Modi.
| Share Holding Pre Issue | 90.37% |
| Share Holding Post Issue | 65.74% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.
Last Updated on May 23, 2026 SMR Jewels Ltd. IPO Incorporated in 2018, SMR Jewels Limited is engaged in the design and distribution of Designer Heritage Jewellery. The company’s portfolio
Last Updated on May 23, 2026 Yaashvi Jewellers Ltd. IPO Incorporated in 2013, Yaashvi Jewellers Ltd is engaged in the manufacturing and trading of gold jewellery. The company’s product portfolio
Last Updated on May 22, 2026 M R Maniveni Foods Ltd. IPO Incorporated on June 30 2010, M R Maniveni Foods Ltd. is engaged in the business of processing, packaging,
You can contribute as little as
100, 200, 500 & so…
every bit counts.
