{"id":100965,"date":"2026-05-29T10:03:56","date_gmt":"2026-05-29T04:33:56","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=100965"},"modified":"2026-05-29T10:03:57","modified_gmt":"2026-05-29T04:33:57","slug":"smr-jewels-ipo-closing-today-29-may-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/","title":{"rendered":"SMR Jewels IPO Closing Today 29 May 2026: GMP Rs 0, Last Day to Apply on BSE SME &#8211; Rs 67 Crore Heritage Jewellery Issue"},"content":{"rendered":"<p><strong>The SMR Jewels IPO<\/strong> closes TODAY (29 May 2026) &#8211; 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.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#SMR_Jewels_IPO_Final_Day_Details\" title=\"SMR Jewels IPO Final Day Details\">SMR Jewels IPO Final Day Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#About_SMR_Jewels_111_Revenue_Growth_in_Designer_Heritage_Jewellery\" title=\"About SMR Jewels: 111% Revenue Growth in Designer Heritage Jewellery\">About SMR Jewels: 111% Revenue Growth in Designer Heritage Jewellery<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#Should_You_Apply_for_SMR_Jewels_IPO_on_the_Closing_Day\" title=\"Should You Apply for SMR Jewels IPO on the Closing Day?\">Should You Apply for SMR Jewels IPO on the Closing Day?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#FAQs_on_SMR_Jewels_IPO\" title=\"FAQs on SMR Jewels IPO\">FAQs on SMR Jewels IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#Is_today_the_last_day_to_apply_for_SMR_Jewels_IPO\" title=\"Is today the last day to apply for SMR Jewels IPO?\">Is today the last day to apply for SMR Jewels IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#What_are_SMR_Jewels_FY25_financials\" title=\"What are SMR Jewels FY25 financials?\">What are SMR Jewels FY25 financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/smr-jewels-ipo-closing-today-29-may-2026\/#Why_is_SMR_Jewels_IPO_GMP_Rs_0_on_closing_day\" title=\"Why is SMR Jewels IPO GMP Rs 0 on closing day?\">Why is SMR Jewels IPO GMP Rs 0 on closing day?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SMR_Jewels_IPO_Final_Day_Details\"><\/span><strong>SMR Jewels IPO Final Day Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li><strong>CLOSING TODAY: <\/strong>29 May 2026 &#8211; Day 4 and LAST DAY. Apply before 5 PM.<\/li>\n\n<li><strong>Open Date: <\/strong>26 May 2026<\/li>\n\n<li><strong>Price Band: <\/strong>Rs 128 to Rs 135 per share<\/li>\n\n<li><strong>Issue Size: <\/strong>Rs 67.23 crore (Fresh Rs 54 crore + OFS Rs 13.23 crore &#8211; 49,80,000 shares)<\/li>\n\n<li><strong>Face Value: <\/strong>Rs 10 per share<\/li>\n\n<li><strong>Lot Size: <\/strong>1,000 shares<\/li>\n\n<li><strong>Minimum Retail: <\/strong>2 lots = 2,000 shares = Rs 2,70,000 at upper band Rs 135<\/li>\n\n<li><strong>Minimum HNI: <\/strong>3 lots = 3,000 shares = Rs 4,05,000<\/li>\n\n<li><strong>Category Split: <\/strong>QIB 50%, NII 15%, Retail 35%<\/li>\n\n<li><strong>Allotment Date: <\/strong>1 June 2026<\/li>\n\n<li><strong>Share Credit: <\/strong>2 June 2026<\/li>\n\n<li><strong>Listing Date: <\/strong>3 June 2026 on BSE SME<\/li>\n\n<li><strong>Registrar: <\/strong>Purva Sharegistry (India) Pvt. Ltd.<\/li>\n\n<li><strong>Market Maker: <\/strong>Rikhav Securities Ltd.<\/li>\n\n<li><strong>GMP Closing Day: <\/strong>Rs 0 (nil) &#8211; fundamental application, not a listing-gain trade<\/li><\/ul><p>Track SMR Jewels IPO subscription live on the .<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_SMR_Jewels_111_Revenue_Growth_in_Designer_Heritage_Jewellery\"><\/span><strong>About SMR Jewels: 111% Revenue Growth in Designer Heritage Jewellery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>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 &#8211; weddings, festivals and corporate gifting &#8211; where design differentiation drives pricing power. FY25 saw the company nearly double its revenue year on year.<\/p><ul class=\"wp-block-list\"><li><strong>FY25 Revenue: <\/strong>Rs 263.25 crore (+111% from Rs 124.52 crore in FY24)<\/li>\n\n<li><strong>FY25 PAT: <\/strong>Rs 10.41 crore (+171% from Rs 3.85 crore in FY24)<\/li>\n\n<li><strong>Business: <\/strong>Designer Heritage Jewellery &#8211; Jadtar, Meenakari, Polki, bridal and festive collections<\/li>\n\n<li><strong>OFS note: <\/strong>Rs 13.23 crore OFS component &#8211; some selling pressure from existing shareholders at listing<\/li><\/ul><p><a href=\"https:\/\/univest.in\/login\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_SMR_Jewels_IPO_on_the_Closing_Day\"><\/span><strong>Should You Apply for SMR Jewels IPO on the Closing Day?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>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 &#8211; 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.<\/p><p>The correct question is not &#8216;will there be a listing gain?&#8217; (likely no, given GMP Rs 0) but &#8216;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?&#8217; If yes &#8211; today is the last opportunity. The OFS component (Rs 13.23 crore) means existing shareholders are partially exiting &#8211; worth noting but not a disqualifier for long-term investors. Consult a SEBI-registered advisor before investing.<\/p><p><a href=\"https:\/\/univest.in\"><strong>Apply for SMR Jewels IPO today before 5 PM &#8211; track on Univest<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_SMR_Jewels_IPO\"><\/span><strong>FAQs on SMR Jewels IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_today_the_last_day_to_apply_for_SMR_Jewels_IPO\"><\/span><strong>Is today the last day to apply for SMR Jewels IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>Yes. SMR Jewels IPO closes TODAY, 29 May 2026 &#8211; 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.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_SMR_Jewels_FY25_financials\"><\/span><strong>What are SMR Jewels FY25 financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>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.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_SMR_Jewels_IPO_GMP_Rs_0_on_closing_day\"><\/span><strong>Why is SMR Jewels IPO GMP Rs 0 on closing day?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Ans. <\/strong>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.<\/p><p>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.<\/p>","protected":false},"excerpt":{"rendered":"<p>The SMR Jewels IPO closes TODAY (29 May 2026) &#8211; 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<\/p>\n","protected":false},"author":28,"featured_media":100968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[4180,1015],"class_list":["post-100965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-closing-today","tag-ipo"],"metadata":{"_edit_lock":["1780029241:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_seo_score":["79"],"rank_math_description":["SMR Jewels IPO closes TODAY 29 May 2026 - LAST DAY. GMP Rs 0. Price band Rs 128-135, BSE SME. FY25 revenue Rs 263.25 crore (+111%), PAT Rs 10.41 crore (+171%). Allotment 1 June, listing 3 June. Apply before 5 PM."],"rank_math_title":["SMR Jewels IPO Closing Today 29 May 2026: GMP Rs 0, Last Day to Apply - Rs 67 Crore Heritage Jewellery BSE SME"],"rank_math_focus_keyword":["SMR Jewels 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