M.K.Sons Fine Jewels IPO
Updated 23 Oct 2026, 6:50 pm.
Minimum investment (Retail)
₹14,742
1 lot · 91 shares at the upper price band
Price band
₹153–162
Latest GMP
₹0
0.0% of the ₹162 upper band
Est. listing price
—
Issue size
₹55.08 Cr
As NSE lists it
The exchange's own issue data, NSE symbol MKSONS · read 24 Oct 2026, 12:15 am
- Price band
- ₹153–162
- Bidding
- 28 Oct 2026 – 30 Oct 2026
- Subscribed (NSE)
- —
- Shares offered
- 1,70,00,000
NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.
Allotment status
Allotment is due on 2 Nov 2026. Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised2 Nov 2026(upcoming)
- Refunds start2 Nov 2026(upcoming)
- Shares credited to demat2 Nov 2026(upcoming)
- Listing4 Nov 2026(upcoming)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 23 Oct 2026, 6:50 pm | ₹0 | — |
| 23 Oct 2026, 6:45 pm | ₹0 | — |
| 23 Oct 2026, 1:50 pm | ₹0 | — |
| 23 Oct 2026, 1:45 pm | ₹0 | — |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹153–162
- Issue size
- ₹55.08 Cr
- Lot size
- 91
- Opens
- 28 Oct 2026
- Closes
- 30 Oct 2026
- Allotment
- 2 Nov 2026
- Listing
- 4 Nov 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Minimum investment
- ₹14,742 (1 lot · 91 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Fresh issue
- ₹275 Cr
- Offer for sale
- ₹55 Cr
- Listing at
- BSE, NSE
- Refunds
- 2 Nov 2026
- Shares credited
- 2 Nov 2026
- Promoter holding
- 100% before · 65.82% after
- Lead managers
- Aryaman Financial Services Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 23 Oct 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 to 30 Oct, 2026 |
|---|---|
| Listing Date | Wed, Nov 4, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹153 to ₹162 |
| Lot Size | 91 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,04,00,000 shares (agg. up to ₹ 330 Cr) |
|---|---|
| Fresh Issue | 1,70,00,000 shares (agg. up to ₹ 275 Cr) |
| Offer for Sale | 34,00,000 shares of ₹ 10 (agg. up to ₹ 55 Cr) |
| Share Holding Pre Issue | 4,26,90,760 shares |
| Share Holding Post Issue | 5,96,90,760 shares |
IPO Timetable (Tentative)
- IPO Open
- Wed, Oct 28, 2026
- IPO Close
- Fri, Oct 30, 2026
- Allotment
- Mon, Nov 2, 2026
- Refund
- Mon, Nov 2, 2026
- Credit of Shares
- Mon, Nov 2, 2026
- Listing
- Wed, Nov 4, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue. |
| NII | Not less than 15% of the Net Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1,183 | ₹1,91,646 |
| S-HNI (Min) | 14 | 1,274 | ₹2,06,388 |
| S-HNI (Max) | 67 | 6,097 | ₹9,87,714 |
| B-HNI (Min) | 68 | 6,188 | ₹10,02,456 |
Investors can bid for a minimum of 91 shares and in multiples thereof.
About M.K.Sons Fine Jewels Ltd.
Incorporated in 2012, M. K. Sons Fine Jewels Ltd. is engaged in the retail sale of gold, diamond, and CZ jewellery through its showroom network across Mumbai and Ahmedabad.
The company offers rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery, and customised jewellery under multiple collections such as Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere, and One & Only.
The company operates 5 retail showrooms across Maharashtra and Gujarat in high-footfall locations including Bandra, Andheri, Zaveri Bazaar, C.G. Road, and Sindhu Bhavan Road.
Its business model focuses on retail jewellery sales, customer-centric collections, customised jewellery offerings, and diversified designs across multiple price points. The company procures finished jewellery from third-party vendors across Western India.
As on June 30, 2026, the company offered more than 19,442 SKUs, including over 14,582 gold jewellery designs and 4,860 diamond and precious stone jewellery designs.
The company caters to bridal, festive, daily wear, and premium jewellery customers with BIS Hallmark-certified jewellery products.
As on September 30, 2026 the company had 148 permanent employees.
Strengths
Diversified jewellery portfolio across 11 collections
Strong regional presence in Mumbai and Ahmedabad
Wide range of gold, diamond, and CZ jewellery
Cluster-based showroom expansion strategy
BIS Hallmark-certified jewellery products
Experienced promoter with jewellery industry expertise since 1999
Customer-focused retail and customised jewellery offerings
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 305.68 | 283.21 | 219.64 | 95.21 |
| Total Income | 101.45 | 538.86 | 351.32 | 217.40 |
| Profit After Tax | 15.02 | 51.80 | 23.26 | 8.17 |
| EBITDA | 23.42 | 82.94 | 38.57 | 12.87 |
| NET Worth | 183.04 | 168.01 | 116.21 | 22.27 |
| Reserves and Surplus | 140.35 | 125.32 | 107.70 | 17.79 |
| Total Borrowing | 70.52 | 68.44 | 68.93 | 38.64 |
| Amount in ₹ Crore |
M.K.Sons Fine Jewels Ltd.'s revenue increased by 53% and profit after tax (PAT) rose by 123% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Gems, Jewellery And Watches
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Nityas Gems & Jewellery Ltd. | Mainboard | ₹108.35 Cr | ₹75 | 14.51 | ₹83.99 | +11.99% | ₹74.74 |
| Deepa Jewellers Ltd. | Mainboard | ₹459.72 Cr | ₹177 | 13.85 | ₹194.37 | +9.81% | ₹244.21 |
| Priority Jewels Ltd. | Mainboard | ₹91.50 Cr | ₹200 | 15.21 | ₹241.50 | +20.75% | ₹298.85 |
| Shankesh Jewellers Ltd. | Mainboard | ₹367.18 Cr | ₹93 | 10.24 | ₹94.82 | +1.96% | ₹101.19 |
| Lalithaa Jewellery Mart Ltd. | Mainboard | ₹1,700.00 Cr | ₹201 | 9.95 | ₹248.44 | +23.60% | ₹352.60 |
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹374.10 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 14.19 | ₹411.70 | +6.66% | ₹656.65 |
| R.K.Fashion Accessories Ltd. | SME | ₹34.99 Cr | ₹82 | 14.67 | ₹76.00 | -7.32% | ₹61.95 |
| Omara Ventures India Ltd. | SME | ₹41.99 Cr | ₹311 | 10 | ₹319.05 | +2.59% | ₹310.00 |
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹112.65 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹86.54 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹375.10 |
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹70.00 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”) | 152.84 |
| 2 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 30.00 |
| 3 | General Corporate Purposes | — |
| Total | 182.84 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 8.20% | 30.83% |
| ROCE | 10.26% | 39.88% |
| Debt/Equity | 0.39 | 0.41 |
| RoNW | 8.20% | 30.83% |
| PAT Margin | 14.80% | 9.61% |
| EBITDA Margin | 23.09% | 15.39% |
| NAV | 42.88 | 39.36 |
| P/B (x) | 3.78 | 4.12 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.13 | 10.06 |
| P/E (x) | 13.36 | 16.1 |
| Market Cap at Offer Price | ₹691.59 Cr. | ₹966.99 Cr. |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group100%
Post IPO
- Promoter and Promoter Group65.82%
- Public34.18%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 65.82% |
| Public | — | 34.18% |
| Total | 100% | 100% |
Company Promoters: Ramchand Murlidhar Raimalani, Neelam Ramchand Raimalani and Kush Ramchand Raimalani.
Offer For Sale - Selling Shareholder
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Ramchand Murlidhar Raimalani | Promoter | 34,00,000 | 55.08 |
| Total | — | 34,00,000 | 55.08 |
M.K.Sons Fine Jewels IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
Aryaman Financial Services Ltd.
Contact Details
M.K.Sons Fine Jewels Ltd. Address
1 & 2, A.N. Chambers
Turner Road
Bandra West
Mumbai, Maharashtra , 400050
9920077788
compliance@mkjewels.in
M.K.Sons Fine Jewels IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
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M.K.Sons Fine Jewels: common questions
Answered from this issue's own record.
