SMR Jewels IPO Closing Today 29 May 2026: GMP Rs 0, Last Day to Apply on BSE SME – Rs 67 Crore Heritage Jewellery Issue

May 29, 2026
Posted by: Neeraj Pandey
Category: IPO

The SMR Jewels IPO closes TODAY (29 May 2026) – Day 4 and the final day to apply on BSE SME. The Rs 67.23 crore Designer Heritage Jewellery IPO carries a nil grey market premium throughout its subscription period, positioning this as a fundamental application rather than a listing-gain trade. This is the LAST opportunity to apply. Allotment is on 1 June 2026, share credit on 2 June 2026 and listing on BSE SME on 3 June 2026.

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SMR Jewels IPO Final Day Details

CLOSING TODAY: 29 May 2026 – Day 4 and LAST DAY. Apply before 5 PM.
Open Date: 26 May 2026
Price Band: Rs 128 to Rs 135 per share
Issue Size: Rs 67.23 crore (Fresh Rs 54 crore + OFS Rs 13.23 crore – 49,80,000 shares)
Face Value: Rs 10 per share
Lot Size: 1,000 shares
Minimum Retail: 2 lots = 2,000 shares = Rs 2,70,000 at upper band Rs 135
Minimum HNI: 3 lots = 3,000 shares = Rs 4,05,000
Category Split: QIB 50%, NII 15%, Retail 35%
Allotment Date: 1 June 2026
Share Credit: 2 June 2026
Listing Date: 3 June 2026 on BSE SME
Registrar: Purva Sharegistry (India) Pvt. Ltd.
Market Maker: Rikhav Securities Ltd.
GMP Closing Day: Rs 0 (nil) – fundamental application, not a listing-gain trade

Track SMR Jewels IPO subscription live on the .

About SMR Jewels: 111% Revenue Growth in Designer Heritage Jewellery

SMR Jewels Limited, incorporated in 2018, designs and distributes Designer Heritage Jewellery. The portfolio is split between nature-inspired designs (flowers, leaves, vines, animals, seasonal themes) and traditional jewellery including Jadtar, Meenakari, Polki and bridal and festive collections. The heritage jewellery segment targets the premium occasion-wear market – weddings, festivals and corporate gifting – where design differentiation drives pricing power. FY25 saw the company nearly double its revenue year on year.

FY25 Revenue: Rs 263.25 crore (+111% from Rs 124.52 crore in FY24)
FY25 PAT: Rs 10.41 crore (+171% from Rs 3.85 crore in FY24)
Business: Designer Heritage Jewellery – Jadtar, Meenakari, Polki, bridal and festive collections
OFS note: Rs 13.23 crore OFS component – some selling pressure from existing shareholders at listing

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Should You Apply for SMR Jewels IPO on the Closing Day?

With GMP Rs 0 on the closing day, the SMR Jewels IPO is not positioned as a listing-gain trade. However, the fundamental case is compelling: FY25 revenue grew 111 percent to Rs 263.25 crore and PAT grew 171 percent to Rs 10.41 crore – among the strongest growth metrics of any BSE SME IPO in May 2026. The heritage jewellery market in India is a structural growth opportunity as wedding spending rises and organised players gain share from unorganised jewellery shops.

The correct question is not ‘will there be a listing gain?’ (likely no, given GMP Rs 0) but ‘do I believe in the Rs 263 crore revenue heritage jewellery business at the Rs 135 upper band valuation for a 12 to 18 month holding period?’ If yes – today is the last opportunity. The OFS component (Rs 13.23 crore) means existing shareholders are partially exiting – worth noting but not a disqualifier for long-term investors. Consult a SEBI-registered advisor before investing.

Apply for SMR Jewels IPO today before 5 PM – track on Univest

FAQs on SMR Jewels IPO

Is today the last day to apply for SMR Jewels IPO?

Ans. Yes. SMR Jewels IPO closes TODAY, 29 May 2026 – Day 4 and the final day to apply. Price band is Rs 128-135 on BSE SME. Apply via UPI or ASBA before 5 PM. GMP is Rs 0. Allotment is 1 June, share credit 2 June and listing 3 June 2026.

What are SMR Jewels FY25 financials?

Ans. SMR Jewels FY25 revenue was Rs 263.25 crore, up 111% from Rs 124.52 crore in FY24. FY25 PAT was Rs 10.41 crore, up 171% from Rs 3.85 crore in FY24. The company designs and distributes Designer Heritage Jewellery including Jadtar, Meenakari, Polki and bridal collections.

Why is SMR Jewels IPO GMP Rs 0 on closing day?

Ans. SMR Jewels IPO GMP is Rs 0 on closing day (29 May 2026) because the grey market views this as a fundamental application rather than a quick listing-gain trade. No significant speculative positions have been built. Apply only if you have 12-18 month conviction in the heritage jewellery business. FY25 revenue +111%, PAT +171% are the core fundamental case.

Disclaimer: This article is for informational and educational purposes only. Nothing in this article constitutes investment advice, a recommendation to buy or sell securities, or a solicitation of any offer to buy or sell securities. Univest is a SEBI-registered research analyst (INH000014019). Readers should conduct their own research and consult a SEBI-registered investment advisor before making any investment decisions. Past performance of any stock or sector is not indicative of future results. Investments in equity markets are subject to market risks.

Closing today IPO

Author: Neeraj Pandey

Neeraj Pandey is a Financial Content Writer at Univest, covering Indian equity markets with a specialisation in quarterly earnings previews and analyst consensus analysis. His published work tracks Q4 FY26 results across 10+ sectors — from IT heavyweights like Infosys and TCS to PSUs like Coal India and Balmer Lawrie, and mid-caps like Neuland Laboratories, MCX, and Whirlpool of India. His writing approach is data-first: every article anchors on NSE/BSE filings, analyst consensus estimates (revenue, PAT, EBITDA margins), 52-week price context, and YoY/QoQ comparisons — giving retail investors the same structured framework institutional desks use before an earnings event. He combines SEO-optimised structure with rigorous data sourcing, ensuring each preview ranks for investor search intent while meeting SEBI editorial standards. All articles are reviewed by Univest's in-house equity research team, led by Ankit Jaiswal, Senior Equity Research Analyst, to meet SEBI editorial standards.