The M K Sons Fine Jewels IPO opened for subscription on October 28, 2026, giving investors an opportunity to participate in the jewellery retailer’s public market debut.
The company aims to raise Rs 275.40 crore through the issue, which will remain open until October 30.
The price band has been fixed at Rs 153 to Rs 162 per share. Retail investors must apply for a minimum of 91 shares, requiring an investment of Rs 14,742 at the upper end of the price band.
The IPO combines a fresh issue of shares to raise funds for the company with an offer for sale by an existing shareholder.
Investors should understand the difference because the two components serve different purposes.
M K Sons Fine Jewels IPO: Price and Lot Size
The total issue size is Rs 275.40 crore.
The company plans to raise Rs 220.32 crore through a fresh issue of 1.36 crore shares, while promoter Ramchand Murlidhar Raimalani will sell 34 lakh shares worth Rs 55.08 crore through an offer for sale.
The price band of Rs 153–162 per share determines the amount investors must pay for their applications.
One lot contains 91 shares, and the minimum retail application costs Rs 14,742 when calculated at the upper price of Rs 162.
Retail applicants can apply for additional lots within the applicable investment limits.
However, applying for shares does not guarantee allotment, as the final allocation depends on demand and the subscription process.
How the Company Plans to Use IPO Funds
A significant portion of the fresh issue proceeds is earmarked for business expansion.
According to the reported plans, Rs 152.8 crore will support growth initiatives, including opening a new showroom in Maharashtra and expanding the company’s existing operations in Gujarat.
Another Rs 30 crore is intended for repayment or prepayment of certain borrowings. The remaining funds will be used for general corporate purposes.
The offer for sale is different from the fresh issue because its proceeds go to the selling shareholder rather than directly to the company.
This distinction matters when investors assess how much new capital the business will receive from the IPO.
Allotment Date and Expected Listing
The IPO subscription window runs from October 28 to October 30, 2026.
The basis of allotment is expected to be finalised on November 2, while the shares are tentatively scheduled to list on the BSE and NSE on November 4.
Aryaman Financial Services is the book-running lead manager for the issue, and Bigshare Services is the registrar responsible for processing the allotment-related work.
Applicants can check their allotment status after the basis of allotment is finalised.
Investors should keep in mind that the expected dates may be subject to change. They should rely on official exchange announcements and the registrar’s information for final confirmation.
What Investors Should Know About M K Sons Fine Jewels
M K Sons Fine Jewels operates in the retail jewellery sector, selling gold, diamond and cubic zirconia jewellery through showrooms in Maharashtra and Gujarat.
Its product range includes everyday jewellery, bridal designs and customised pieces.
The company reported total income of approximately Rs 539 crore in FY2026, compared with around Rs 351 crore in the previous financial year.
Profit after tax rose to approximately Rs 52 crore from Rs 23 crore, according to reported financial figures.
Although these figures provide information about the company’s recent financial performance, they do not guarantee future growth or stock-market returns.
Investors should examine the company’s financial statements, valuation, business risks and intended use of funds before making an investment decision.
The grey market premium, when reported, is an unofficial indicator and should not be treated as a reliable prediction of the listing price or a guarantee of profit.
