M.K.Sons Fine Jewels IPO Details

Bookbuilding IPO | ₹330 Cr | Listing at BSE, NSE | Wed, Oct 28, 2026 - Fri, Oct 30, 2026

IPO Details

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M.K.Sons Fine Jewels IPO is a book build issue of ₹330.48 crores. The issue is a combination of fresh issue of 1.70 crore shares aggregating to ₹275.40 crores and offer for sale of 34.00 lakh shares aggregating to ₹55.08 crores.

M.K.Sons Fine Jewels IPO opens for subscription on Oct 28, 2026 and closes on Oct 30, 2026. The allotment for the M.K.Sons Fine Jewels IPO is expected to be finalized on Nov 2, 2026. M.K.Sons Fine Jewels IPO will list on NSE and BSE with a tentative listing date fixed as Nov 4, 2026.

M.K.Sons Fine Jewels IPO is set issue price band at ₹153 to ₹162 per share. The lot size for an application is 91 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,742 (91 shares) (based on upper price).

Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.

Refer to M.K.Sons Fine Jewels IPO RHP for detailed Information.

IPO Open

Wed, Oct 28, 2026

IPO Close

Fri, Oct 30, 2026

Price Band

₹153 to ₹162

Market Cap*

₹966.99 Cr * on Upper Price

IPO Details

IPO Date

28 to 30 Oct, 2026
Listing Date

Wed, Nov 4, 2026(T)
Face Value

₹10 per share
Price Band

₹153 to ₹162
Sale Type

Fresh capital cum OFS
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 ₹[.] Cr)
Share Holding Pre Issue

4,26,90,760 shares
Share Holding Post Issue

5,62,90,760 shares

IPO Timetable (Tentative)

IPO Open

Wed, Oct 28, 2026
Allotment

Mon, Nov 2, 2026
Credit of Shares

Mon, Nov 2, 2026

IPO Close

Fri, Oct 30, 2026
Refund

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

Investors can bid for a minimum of 91 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	91	₹14,742
Retail (Max)	13	1183	₹1,91,646
S-HNI (Min)	14	1274	₹2,06,388
S-HNI (Max)	67	6097	₹9,87,714
B-HNI (Min)	68	6188	₹10,02,456

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)

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. (Amount in ₹ Crore)

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

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

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# 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

Key Performance Indicator (KPI)

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

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.

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

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	5

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
Visit Website

IPO Lead Manager(s)

Aryaman Financial Services Ltd.

Lead Manager Reports

Lead Manager Performance Summary
Lead Manager Performance Tracker

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
Visit Website

IPO FAQs

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

M.K.Sons Fine Jewels IPO is a main-board IPO of 2,04,00,000 equity shares of the face value of ₹10 aggregating up to ₹330 Crores. The issue is priced at ₹153 to ₹162. The minimum order quantity is 91.

The IPO opens on Wed, Oct 28, 2026, and closes on Fri, Oct 30, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply in M.K.Sons Fine Jewels IPO through Angel One?

Angel One customers can apply online in M.K.Sons Fine Jewels IPO using UPI as a payment gateway. Angel One customers can apply in M.K.Sons Fine Jewels IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in M.K.Sons Fine Jewels IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘M.K.Sons Fine Jewels IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

When M.K.Sons Fine Jewels IPO will open?

The M.K.Sons Fine Jewels IPO opens on Wed, Oct 28, 2026 and closes on Fri, Oct 30, 2026.

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

M.K.Sons Fine Jewels IPO lot size is 91, and the minimum amount required for application is ₹14,742.

How to apply for M.K.Sons Fine Jewels IPO?

You can apply in M.K.Sons Fine Jewels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One , Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

When is M.K.Sons Fine Jewels IPO allotment?

The finalization of Basis of Allotment for M.K.Sons Fine Jewels IPO will be done on Monday, November 2, 2026, and the allotted shares will be credited to your demat account by Mon, Nov 2, 2026. Check the M.K.Sons Fine Jewels IPO allotment status.

When is M.K.Sons Fine Jewels IPO listing date ?

The M.K.Sons Fine Jewels IPO listing date is not yet announced. The tentative date of listing is Wed, Nov 4, 2026.