What is M. K. Sons Fine Jewels IPO?

M. K. Sons Fine Jewels IPO is a main-board book building issue of 1,70,00,000 equity shares of the face value of ₹10 each, aggregating up to ₹[●] million. The issue comprises a fresh issue of 1,36,00,000 equity shares and an offer for sale of 34,00,000 equity shares by the promoter selling shareholder.

When does the M. K. Sons Fine Jewels IPO open and close?

The IPO opens on Wednesday, October 28, 2026, and closes on Friday, October 30, 2026. The Anchor Investor Bidding Date is Tuesday, October 27, 2026.

What is the price band of the M. K. Sons Fine Jewels IPO?

The IPO price band will be announced at least two working days prior to the Bid/Offer Opening Date. The face value of each equity share is ₹10.

What is the lot size and minimum investment for M. K. Sons Fine Jewels IPO?

The lot size is 80 shares. The minimum investment required for retail investors is approximately ₹14,800 (1 lot at the upper price band, estimated).

What is the total issue size of the M. K. Sons Fine Jewels IPO?

The total issue size is up to ₹[●] million, comprising a fresh issue of ₹[●] million and an offer for sale of ₹[●] million.

Where will M. K. Sons Fine Jewels shares be listed?

The shares are proposed to be listed on both BSE and NSE. NSE is the Designated Stock Exchange.

Who is the registrar for the M. K. Sons Fine Jewels IPO?

Bigshare Services Private Limited is the registrar for the IPO.

What is the post-IPO market cap of M. K. Sons Fine Jewels?

The post-IPO market cap will be determined based on the final Issue Price and post-issue share capital.

What are the company's key products?

The company retails gold jewellery, diamond jewellery, studded jewellery, bridal jewellery, and daily wear jewellery under the 'M. K. Sons' brand.

Who are the selling shareholders in the OFS?

The selling shareholder is Ramchand Murlidhar Raimalani (Promoter Selling Shareholder), offering up to 34,00,000 equity shares.

What is the objective of the M. K. Sons Fine Jewels IPO?

The net proceeds from the fresh issue will be used for capital expenditure for new showrooms, working capital requirements, repayment of borrowings, and general corporate purposes.

What is the GMP of M. K. Sons Fine Jewels IPO?

The grey market premium (GMP) for M. K. Sons Fine Jewels IPO is currently not available. Investors are advised to check the latest IPO GMP trends on relevant platforms.

What is the subscription status of M. K. Sons Fine Jewels IPO?

The IPO opens on October 28, 2026. Subscription data will be updated on the respective exchange websites and IPO tracking platforms.

What is the peer comparison for M. K. Sons Fine Jewels IPO?

Listed peers in the jewellery retail sector include Titan Company, Kalyan Jewellers, and Senco Gold, among others.

IPO Details

M. K. Sons Fine Jewels Limited IPO

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Mainboard IPO

₹13,923

Minimum Investment

Exchange Listed · NSE / BSESEBI Regulated Issue

About Company

Company Name: M. K. Sons Fine Jewels Limited

Industry / Sector: Gems & Jewellery / Retail

Founded Year: 2012

Promoters: Ramchand Murlidhar Raimalani, Neelam Ramchand Raimalani, Kush Ramchand Raimalani

M. K. Sons Fine Jewels Limited is a Mumbai-based jewellery retailer operating under the 'M. K. Sons' brand. The company was originally incorporated in 2012 and subsequently acquired the entire running business of M. K. Sons Jewellers, a sole proprietorship of promoter Ramchand Murlidhar Raimalani, via a Business Succession Agreement dated March 29, 2025. The company is engaged in the retail sale of gold, diamond, and studded jewellery, catering to customers in Mumbai and surrounding regions. It is a mainboard IPO with a fresh issue and an offer for sale by the promoter selling shareholder, aimed at expanding its retail footprint and enhancing brand visibility.

IPO Basic Details

Company Name	M. K. Sons Fine Jewels Limited
IPO Type	Mainboard IPO
Price Band	₹153 – ₹162
Lot Size	91 Shares
Total Issue Size	1,70,00,000 Equity Shares (₹2,754.00 million)

IPO Strengths & Risks

Strengths

Established brand presence in Mumbai's jewellery retail market
Experienced promoters with deep industry knowledge
Diversified product portfolio across gold, diamond, and studded jewellery
Strong local sourcing and manufacturing relationships
Transition to a corporate structure to support future growth
Mainboard listing providing visibility and access to capital markets

Risks

Highly competitive and fragmented jewellery retail market
Exposure to gold price volatility and inventory risk
Regulatory risks including hallmarking and taxation changes
Geographic concentration in Mumbai and surrounding areas
Dependence on key promoters and family members
Working capital intensive nature of the jewellery business

IPO Important Dates

IPO Open Date	28 Oct 2026
IPO Close Date	30 Oct 2026
Basis of Allotment	02 Nov 2026
Refund Initiation	03 Nov 2026
Demat Credit Date	03 Nov 2026
Listing Date	04 Nov 2026
Anchor Investor Date	-
UPI Mandate Deadline	-

IPO Objectives

Capital expenditure for machinery and equipment – -
Funding working capital requirements – -
Debt repayment – -
General corporate purposes – -

Investor Reservation

QIB Quota	Not more than 50% of the Net Issue
Retail Quota	Not less than 35% of the Net Issue
HNI Quota	-
Employee Quota	-
Shareholder Quota	-
Anchor Investor Allocation	-

Market Lot Details

Application	Lot Size	Shares	Amount
Retail Minimum	1 Lot	80	₹14,800 (estimated at upper band)
Retail Maximum	13 Lots	1,040	₹1,92,400 (estimated at upper band)
S-HNI Minimum	14 Lots	1,120	₹2,07,200 (estimated at upper band)
S-HNI Maximum	67 Lots	5,360	₹9,91,600 (estimated at upper band)
B-HNI Minimum	68 Lots	5,440	₹10,06,400 (estimated at upper band)

Key Performance Indicators (KPI)

ROE	30.83%
ROCE	39.88%
RoNW	-
PAT Margin	9.61%
EBITDA Margin	15.39%
EPS	₹12.13
NAV per share	-
Debt to Equity	0.41
P/E Ratio	-
Industry P/E	-

Company Financial Data

Period	Assets	Total Income	PAT	EBITDA	Net Worth	Borrowings
FY2026 (Mar 31, 2026)	Not Available	Not Available	Not Available	Not Available	Not Available	Not Available

Grey Market Premium

GMP Price	₹12
Kostak Rate	Not Available
Subject to Sauda	₹1,000 (Retail)
Last Updated	30 October 2026
Estimated Listing Price	₹174

IPO Subscription Data

Total Subscription	Issue opens 28 Oct 2026
QIB (Ex Anchor)	Pending
HNI Subscription	Pending
Retail Subscription	Pending
Anchor	-

IPO Intermediaries

Registrar: Bigshare Services Private Limited

Registrar Website: https://www.bigshareonline.com/

IPO Lead Manager(s)

Aryaman Financial Services Limited

IPO Documents

RHP

Frequently Asked Questions (FAQ)

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