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IPO ·
NSE, BSE
M.K.Sons Fine Jewels Ltd
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Jewellery retailer selling gold, diamond and CZ jewellery through five showrooms in Mumbai and Ahmedabad.
Issue details
Price band
₹153 – ₹162
Face value
₹10
Lot size
91 shares
Minimum investment
₹14,742
Issue size
₹275.40 Cr
Fresh issue
₹220.32 Cr
Offer for sale
₹55.08 Cr
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
28 Oct 2026
Closes
30 Oct 2026
UPI mandate cut-off
5:00 PM on 30 Oct 2026
Allotment
2 Nov 2026
Refunds
3 Nov 2026
Shares in demat
3 Nov 2026
Listing
4 Nov 2026
Subscription and listing
Subscription
1.18x
Listing price
Not listed yet
Registrar
Bigshare Services Pvt Ltd
Lead manager
Aryaman Financial Services Ltd
Subscription by category
QIB (Ex Anchor)
0.99x
NII
2.20x
Retail
0.85x
Total
1.18x
Anchor investors
Amount raised
₹82.62 Cr
Bid date
27 Oct 2026
50% lock-in ends
2 Dec 2026
Rest lock-in ends
31 Jan 2027
Grey market premium
Latest GMP
₹12.5
Est. listing price
₹174.5 (+7.7%)
Updated
30 Oct 2026
Unofficial grey market indication sourced via Chittorgarh. GMP is not regulated, can change quickly and is not a reliable guide to listing price. Not a recommendation.
Issue structure
Shares reserved per category and share of the total issue
QIB
85,00,000
50.00%
Anchor Investor
51,00,000
30.00%
QIB (Ex. Anchor)
34,00,000
20.00%
NII
25,50,000
15.00%
bNII > ₹10L
17,00,000
10.00%
sNII < ₹10L
8,50,000
5.00%
Retail
59,50,000
35.00%
Total
1,70,00,000
100.00%
Finaccle’s quick read
Apply for long term
Income up 53% and PAT up 123% in FY26 with ROE of 30.83%, D/E of 0.41 and post-issue P/E of 16.1x, but profit rose sixfold in two years before the IPO.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
M.K.Sons Fine Jewels is a jewellery retailer selling gold, diamond and CZ jewellery through five showrooms in Mumbai and Ahmedabad. It sources finished pieces from vendors across Western India and offers over 19,000 designs across 11 collections. FY26 total income was ₹538.86 Cr with 148 permanent staff.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
30.83%
ROCE
39.88%
Debt / equity
0.41
PAT margin
9.61%
P/E post issue
16.1x
Market cap
₹966.99 Cr
Use of IPO money
New showroom in Maharashtra and expansion of a Gujarat showroom
₹152.84 Cr
Repayment/pre-payment of certain borrowings
₹30.00 Cr
General corporate purposes
—
Strengths
✓
Rapid growth: FY26 income up 53%, PAT up 123%
✓
Moderate debt/equity of 0.41
✓
Mostly fresh issue funding showroom expansion
✓
Broad design range with BIS hallmarked products
Risks to watch
!
PAT jumped from ₹8.17 Cr in FY24 to ₹51.80 Cr in FY26
!
Only five showrooms, concentrated in two cities
!
OFS of ₹55.08 Cr by a promoter
!
Exposure to gold price swings and vendor sourcing
!
Q1 FY27 PAT margin of 14.8% is high for jewellery retail
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.