Smr Jewels Ipo
SMR Jewels IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Wealth Mine Networks Pvt. Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | May 26, 2026 |
| IPO Close Date | June 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹125 to ₹128 Per Share |
| Issue Size | Approx ₹63.74 Crores, 49,80,000 Equity Shares |
| Fresh Issue | Approx ₹48 Crores, 37,51,000 Equity Shares |
| Offer for Sale: | Approx ₹13 Crores, 9,80,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,56,000 |
| Retail Maximum | 2 | 2,000 | ₹2,56,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,84,000 |
| S-HNI Maximum | 7 | 7,000 | ₹8,96,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,24,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | Shares | -% |
| QIB (Ex. Anchor) | 4,73,000 Shares | 9.50% |
| NII Shares Offered | 18,92,000 Shares | 37.99% |
| Retail Shares Offered | 23,66,000 Shares | 47.51% |
| IPO Open Date: | May 26, 2026 |
| IPO Close Date: | June 3, 2026 |
| Basis of Allotment: | June 4, 2026 |
| Refunds: | June 5, 2026 |
| Credit to Demat Account: | June 5, 2026 |
| IPO Listing Date: | June 8, 2026 |
| IPO Bidding Cut-off Time: | June 3, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,46,53,743 | 90.37% |
| Promoter Holding Post Issue | 1,86,53,743 | 65.74% |
| Purpose | Crores |
| Funding capital expenditure requirements towards Construction of Jewellery Studio | ₹6.40 |
| Funding towards Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions | ₹6.50 |
| Funding long-term Working Capital Requirement | ₹30.00 |
| Funding expenditure for General Corporate Purposes. | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹67.53 | ₹66.31 | ₹0.91 | ₹21.30 |
| 2024 | ₹124.52 | ₹119.26 | ₹3.85 | ₹15.06 |
| 2025 | ₹263.25 | ₹249.17 | ₹10.41 | ₹43.35 |
| Dec 2025 | ₹308.72 | ₹283.76 | ₹18.56 | ₹85.43 |
| KPI | Values |
| ROE: | 71.76% |
| ROCE: | 47.92% |
| EBITDA Margin: | 5.76% |
| PAT Margin: | 3.96% |
| Debt to equity ratio: | [.] |
| Earning Per Share (EPS): | ₹7.11(Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 43.14% |
| Net Asset Value (NAV): | ₹[.] |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Pushpa Jewellers | 4.55 | 28.42 | 14.88 | 57.6 | 170.98 Cr. |
| Khazanchi Jewellers Limited | 25.76 | 25.96 | 15.47 | 109 | 1541.36 Cr. |
| Sky Gold & Diamonds Limited | 9.80 | 30.97 | 10.66 | 66.9 | 3335.94 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |