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

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.

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.