- Summary
- M.K.Sons Fine Jewels IPO is issuing 1,70,00,000 equity shares in a mainboard IPO opening from 28 October to 30 October 2026.
- The IPO has a price band of ₹153 to ₹162 per share and a lot size of 91 shares.
- The tentative listing of the IPO shares is set to be on 4 November 2026.
The M.K.Sons Fine Jewels IPO is a mainboard book-built IPO that is scheduled to open for subscription from 28 October to 30 October 2026. The IPO comprises 1.70 crore equity shares, including a fresh issue of 1.36 crore shares and an offer for sale (OFS) of 34 lakh shares. The price band is ₹153 to ₹162 per share, with a lot size of 91 shares. At the upper price band, the minimum investment for one lot is ₹14,742. The company plans to list its shares on the BSE and NSE on 4 November 2026.
M.K.Sons Fine Jewels IPO Key Details
The table below presents the essential details investors should know before applying for the M.K.Sons Fine Jewels IPO.
| IPO Open Date | 28 October 2026 |
| Close Date | 30 October 2026 |
| Face value | ₹10 per share |
| Price Band | ₹153 to ₹162 |
| IPO Lot Size | 91 shares |
| Fresh issue | 1,36,00,000 shares |
| Offer for Sale | 34,00,000 shares |
| Type of issue | Mainboard |
| Listing at | BSE and NSE |
| Total Issue Size (₹ Crore) | ₹275 cr approx |
| Minimum Investment | 1 lot (91 shares) |
M.K.Sons Fine Jewels IPO Timeline
Below is the complete schedule of events for the M.K.Sons Fine Jewels IPO.
| Bid Opening | 28 October 2026 |
| Bid Closing | 30 October 2026 |
| Tentative Allotment | 02 November 2026 |
| Initiation of Refunds | 02 November 2026 |
| Credit of Shares to Demat | 02 November 2026 |
| Tentative Listing Date | 04 November 2026 |
| UPI mandate closing date | 30 October 2026 |
Key Performance Indicators of M.K.Sons Fine Jewels IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 30.83 | 20.01 | 36.63 |
| ROCE (%) | 39.88 | 27.24 | 40.62 |
| Debt Equity (in times) | 0.41 | 0.59 | 1.73 |
| RoNW (%) | 30.83 | 19.98 | 36.56 |
| PAT Margin (%) | 9.61 | 6.62 | 3.76 |
| EBITDA margin (%) | 15.39 | 10.98 | 5.92 |
| Price to book | 4.12 |
M.K.Sons Fine Jewels IPO Financial Details
The Financial information of the M.K.Sons Fine Jewels IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 538.74 | 351.28 | 217.32 |
| Total Asset | 283.21 | 219.64 | 95.21 |
| Profit | 51.80 | 23.26 | 8.17 |
M.K.Sons Fine Jewels IPO Subscription Status
The subscription data will be available once bidding begins.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
M.K.Sons Fine Jewels IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the M.K.Sons Fine Jewels IPO shows a GMP of ₹7.5 with an estimated listing price of ₹169.5.
| GMP Date | GMP | Est. Listing Price on upper price-₹162.00 | Est. Profit* | Trend |
| 27-Oct 10:37 | ₹8 (4.94%) ─ | ₹170 | ₹728 | Stable |
| 26-Oct 23:37 | ₹8 (4.94%) ▲ | ₹170 | ₹728 | Stable |
| 25-Oct 23:37 | ₹7 (4.32%) ─ | ₹169 | ₹637 | Stable |
| 24-Oct 23:37 | ₹7 (4.32%) ─ | ₹169 | ₹637 | Initial |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
M.K.Sons Fine Jewels IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| QIBs | Not more than 50% of the issue |
| NIIs | Not less than 15% of the issue |
| Retails | Not less than 35% of the issue |
| Total | 100% |
M.K.Sons Fine Jewels IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1,183 | ₹1,91,646 |
| sHNI (Min) | 14 | 1,274 | ₹2,06,388 |
| sHNI (Max) | 67 | 6,097 | ₹9,87,714 |
| bHNI (Min) | 68 | 6,188 | ₹10,02,456 |
M.K.Sons Fine Jewels IPO Prospectus
Investors can access the offered prospectus for the M.K.Sons Fine Jewels IPO mentioned below.
About M.K.Sons Fine Jewels Ltd.
M.K.Sons Fine Jewels Limited was incorporated in January 2012 as M. K. Sons Fine Jewels Private Limited and became a public limited company in January 2026. The company operates a jewellery retail business under the M.K. Jewels brand, selling products through showrooms in Maharashtra and Gujarat. Its product range caters to different customer groups through multiple jewellery collections. The company procures finished jewellery from wholesalers and third-party manufacturers and sells it directly to customers through its retail outlets. Its business strategy focuses on expanding its showroom network, maintaining a varied product range and building customer recognition through marketing and promotional activities. The company operates in total 5 showrooms, including 3 in Maharashtra and 2 in Gujarat.
Promoters:
- Ramchand Murlidhar Raimalani
- Neelam Ramchand Raimalani
- Kush Ramchand Raimalani
| Book Runner | Aryaman Financial Services Ltd |
| Issue Registrar | Bigshare Services Pvt. Ltd. |
Objectives of M.K.Sons Fine Jewels IPO
The objectives of the M.K.Sons Fine Jewels IPO are given below.
| Particulars | Amount in ₹ crores |
| Funding for inventory costs towards setting up a new showroom in Maharashtra and expanding an existing showroom in Gujarat | 152.84 |
| Prepayment and repayment of certain borrowings | 30.0 |
| General corporate purposes | _ |
| Total | _ |
M.K.Sons Fine Jewels Ltd.- Strengths and benefits
- Diverse Collection: The company offers jewellery across multiple collections and price points. This allows it to serve customers with different preferences and budgets.
- Increase in customer base: The company served 12,042 unique customers in FY 2023–24, 18,001 in FY 2024–25 and 24,274 in FY 2025–26. The increase indicates that it has been reaching more customers.
M.K.Sons Fine Jewels Ltd- Risks and limitations
- Geographical dependence: A substantial part of its revenue comes from Gujarat showrooms. In FY 2025–26, its showrooms in the state contributed around 67.97% of its total revenue. Any economic slowdown in Gujarat could affect its overall business.
- Borrowing risks: The company uses borrowings to meet its operational and inventory requirements. Higher interest costs or difficulties in repaying loans could affect its financial position.
- Trend risk: Jewellery designs and buying preferences can change over time. If the company fails to offer products that customers want, it could lose sales and repeat customers.
M.K.Sons Fine Jewels IPO Review
M.K.Sons Fine Jewels Ltd. is issuing a mainboard IPO. The IPO is worth approximately ₹275.40 crore, which combines a fresh issue of 1,36,00,000 equity shares and an offer-for-sale of 34,00,000 shares. It will be open on 28 October 2026 and end on 30 October 2026. The shares have a price band of ₹153 to ₹162 a share with a lot size of 91 shares. Retail investors are required to apply for a minimum investment of ₹14,742 or 1 lot. The tentative allotment date of the share is set for 2 November 2026, and the tentative listing on the BSE and NSE platforms is on 4 November 2026.
The business operates through multiple jewellery showrooms across Maharashtra and Gujarat, under the brand name M.K. Jewels. The company’s revenue increased from ₹217.32 crore in FY 2023–24 to ₹351.28 crore in FY 2024–25 and ₹538.74 crore in FY 2025–26. Its profit rose from ₹8.17 crore to ₹23.26 crore and ₹51.80 crore over the same period. Its PAT margin also improved from 3.76% in FY 2023–24 to 9.61% in FY 2025–26.
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M.K.Sons Fine Jewels IPO FAQs
The M.K.Sons Fine Jewels IPO is a mainboard book-built public issue comprising 1.70 crore equity shares. It includes a fresh issue of 1.36 crore shares and an offer for sale of 34 lakh shares.
Investors can apply through a supported stockbroker or trading platform that offers IPO applications. They need a demat account, a bank account and a UPI ID or another supported ASBA application method. Select the IPO, enter the number of lots and bid price, submit the application, and approve the payment mandate before the deadline.
The IPO has positive factors, including revenue growth, higher profits, improved profit margins and plans to expand its showrooms. However, the company depends heavily on its Gujarat operations and requires substantial inventory to run its business. Whether the IPO is suitable depends on its valuation, business prospects and the risks an investor is willing to take. No listing gain or investment return is guaranteed.
The M.K.Sons Fine Jewels IPO is scheduled to open on 28 October 2026 and close on 30 October 2026.
The IPO lot size is 91 shares. At the upper price band of ₹162 per share, the minimum investment for one lot is ₹14,742.
The tentative allotment date of the M.K.Sons Fine Jewels IPO is 2 November 2026.
The shares are tentatively scheduled to list on the BSE and NSE on 4 November 2026.
