Mumbai, June 8 -- The scrip was listed at Rs 102.95, a 19.57% discount the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 108.05 and a low of Rs 102.40. About 1.13 lakh shares of the company changed hands at the counter.

SMR Jewels' IPO was subscribed 1.09 times. The issue opened for bidding on 26 May 2026 and it closed on 29 May 2026. The price band of the IPO was fixed between Rs 128 to Rs 135 per share.

The IPO comprised 49,80,000 equity shares, including a fresh issue of 40,00,000 equity shares and offer for sale (OFS) of 9,80,000 equity shares.

The company intends to utilise the net proceeds for funding capital expenditure requirements ...