SMR Jewels lists at 20% discount on BSE SME, recovers intraday
Jewellery designer SMR Jewels debuted on BSE SME at ₹102.95, a 19.57% discount to its ₹128 issue price, before recovering to an intraday high of ₹108.05. The ₹63.74 crore SME IPO was subscribed just 1.12x overall — QIBs bid 5.41x but retail came in at only 36%, signalling weak appetite.
Jewellery designer SMR Jewels debuted on BSE SME at ₹102.95, a 19.57% discount to its ₹128 issue price. The ₹63.74 crore SME IPO was subscribed 1.12x overall, with QIBs at 5.41x but retail at just 36%.