💍 SMR Jewels IPO Subscription Day 1 Report — 26 May 2026

The SMR Jewels IPO opened for subscription today on 26 May 2026 on BSE SME. Hyderabad-based designer heritage jewellery company raising ₹67.23 crore via book-built issue (Fresh ₹54 Cr + OFS ₹13.23 Cr) at ₹128–₹135 per share. Issue closes 29 May 2026, allotment 1 June 2026, listing 3 June 2026.

📊 Day 1 Subscription Status — Category Wise

• Overall Subscription: The SMR Jewels IPO is subscribed 0.01 times as of 26 May 2026 (1:19 PM). Being Day 1 of a 4-day window, this is typical — significant bids come in on Day 3 and Day 4.

• Retail (RII) Category: Retail bids for SMR Jewels IPO are in very early stage. Allotment probability currently very high for Day 1 applicants as issue is heavily undersubscribed.

• NII / HNI Category: NII participation yet to begin meaningfully. Large HNI bids expected in final days of the 4-day window.

• QIB Category: 50% QIB quota. No significant institutional activity expected on Day 1. Track on IndiaIPOHub.

• IndiaIPOHub Day 1 Assessment: 0.01x Day 1 subscription is standard for SME BSE issues. 3 more days to go. Watch Day 3–4 for institutional demand clarity. Track live SMR Jewels subscription on IndiaIPOHub.

📈 SMR Jewels IPO GMP Today — 26 May 2026

The SMR Jewels IPO GMP today is ₹0. No grey market premium at this stage. Track SMR Jewels GMP on IndiaIPOHub for updates closer to 3 June listing.

🏭 Company Overview — SMR Jewels Ltd

SMR Jewels Limited, incorporated 2018, Hyderabad. Designs and distributes Designer Heritage Jewellery — nature-inspired designs, Jadtar, Meenakari, Polki, bridal and festive collections. B2B client base includes HSJ, Rokde Jewellers, WHP, JOSCO Jewellers, Kalamandir Jewellers, Vaibhav Jewellers, and D.P. Jewels. Operates in premium heritage jewellery segment serving branded jewellery retailers across India.

📋 IPO Key Details

• Exchange: BSE SME | Issue Type: Book-Built (Fresh ₹54 Cr + OFS ₹13.23 Cr)

• Issue Size: ₹67.23 Crore | 49.80 lakh shares | Price Band: ₹128–₹135

• Lot Size: 1,000 shares | Min. Investment: ₹2,70,000 (2 lots = 2,000 shares)

• HNI Min: ₹4,05,000 (3 lots) | bNII Min: ₹10,80,000 (8 lots)

• Open: 26 May 2026 | Close: 29 May 2026 | Allotment: 1 Jun | Listing: 3 Jun 2026

• Registrar: Purva Sharegistry (India) Pvt. Ltd. | Lead Manager: Wealth Mine Networks Pvt. Ltd.

• Market Cap at Upper Band: ~₹251.83 Crore

✅ Should You Apply?

The SMR Jewels IPO features a strong B2B client base in the branded heritage jewellery space. However, with 0.01x Day 1 subscription and GMP at ₹0 amid a tepid overall IPO market in May 2026, early grey market sentiment is cautious. Wait for Day 3 data and GMP movement before deciding. Track live subscription on IndiaIPOHub.

Disclaimer: Not investment advice. Read RHP carefully. GMP is unofficial and unregulated.