SMR Jewels pre-market discovery price at 102.95 rupees

On June 7, 2026, SMR Jewels Ltd (SMRJ) recorded a pre-market discovery price of 102.95 rupees per share, reflecting investor activity ahead of the stock’s official trading session. This price is notably lower than the company’s IPO price band of 128-135 rupees per share, which was set during its initial public offering. The IPO, which aimed to raise approximately 67.23 crore rupees, saw muted grey market sentiment, with a grey market premium of 0%.

SMR Jewels, incorporated in 2018 and based in Ahmedabad, operates in heritage and traditional jewellery, including bridal, meenakari, and polki collections. The company follows an asset-light model, outsourcing manufacturing to artisans while managing design and conceptualization in-house. For the nine months ending December 2025, the firm reported revenue of 308.72 crore rupees and a profit after tax of 18.56 crore rupees.

The pre-market price of 102.95 rupees suggests cautious investor sentiment, potentially influenced by broader market conditions and the company’s recent listing activity. Investors are advised to monitor the stock’s performance as it opens for regular trading.