M. K. Sons Fine Jewels IPO to Open on October 28; Price Band Set at ₹153–162
Bilkul Bazaar
Mumbai, Ahmedabad | 23 Oct 2026
M. K. Sons Fine Jewels Limited, a retail-focused jewellery company, will open its initial public offering (IPO) for subscription on October 28, 2026. The issue will close on October 30, with the price band fixed at ₹153–162 per equity share of face value ₹10 each.
The company’s IPO comprises a fresh issue of 1.36 crore equity shares and an offer for sale (OFS) of 34 lakh equity shares by promoter selling shareholder Ramchand Murlidhar Raimalani. The anchor investor bidding date is October 27, 2026.
Established in 2012, M. K. Sons Fine Jewels markets and sells gold, diamond and cubic zirconia (CZ) jewellery through its retail showroom network. As of June 30, 2026, the company operated five showrooms—three in Mumbai and two in Ahmedabad—with a combined operational area of 6,513 square feet.
The company plans to utilise the net proceeds from the fresh issue to fund inventory costs for setting up a new showroom in Maharashtra and expanding an existing showroom in Gujarat. The proceeds will also be used for the repayment or prepayment of certain borrowings and general corporate purposes.
M. K. Sons Fine Jewels offers a portfolio of more than 19,442 stock-keeping units (SKUs), with jewellery prices starting at approximately ₹11,000 and extending to premium, high-value products.
The company reported strong growth in its financial performance. Revenue increased from ₹217.32 crore in FY24 to ₹538.74 crore in FY26, registering a compound annual growth rate (CAGR) of 57.45%. Profit after tax (PAT) rose from ₹8.17 crore to ₹51.80 crore during the same period, recording a CAGR of 151.87%.
The equity shares are proposed to be listed on BSE and the National Stock Exchange of India (NSE), with NSE designated as the stock exchange for the offer. Aryaman Financial Services Limited is the sole book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue.
Investors can bid for a minimum of 91 equity shares and in multiples of 91 shares thereafter.
M. K. Sons Fine Jewels Limited IPO at a glance:
| Particulars | Details |
|---|---|
| IPO opening date | October 28, 2026 |
| IPO closing date | October 30, 2026 |
| Anchor investor bidding | October 27, 2026 |
| Price band | ₹153–162 per share |
| Face value | ₹10 per share |
| Fresh issue | 1.36 crore shares |
| Offer for sale | 34 lakh shares |
| Minimum bid | 91 shares |
| Minimum investment at upper price band | ₹14,742 |
| Listing exchanges | BSE and NSE |
| Business | Gold, diamond and CZ jewellery retail |
| Showrooms | 5 (3 in Mumbai, 2 in Ahmedabad) |
| Fresh issue proceeds to be used for | Showroom expansion, inventory, debt repayment/prepayment and general corporate purposes |
| Book-running lead manager | Aryaman Financial Services Limited |
| Registrar | Bigshare Services Private L |
Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.