SMR Jewels IPO Closes With QIB Demand Outpacing Retail Participation
SMR Jewels’ Rs 63.74 crore SME IPO closed on June 3 with institutional investors subscribing the QIB portion 2.35 times, while overall subscription remained below one time amid muted retail demand.
SMR Jewels Opens Rs 67.23 Crore SME IPO
Ahmedabad-based SMR Jewels launched its SME IPO on May 26 with a Rs 128–135 price band, aiming to raise Rs 67.23 crore for expansion, working capital and debt repayment initiatives.
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