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M.K.Sons Fine Jewels Limited IPO
Gold, Diamond & CZ Jewellery · Retail Showrooms · Mumbai, Maharashtra
📋 Mainline IPO
Fresh + OFS
BSE, NSE
₹162
Upper Price
₹275.40 Cr
Issue Size
Nov 4, 2026
Listing Date
₹911.91 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Wednesday, 28 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 30 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 2 November 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 2 November 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 4 November 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date28 October 2026 (Wed)
IPO Close Date30 October 2026 (Fri)
Listing Date4 November 2026 (Wed)
Face Value₹10 per share
Price Band₹153 to ₹162
Issue Price (Upper Band)₹162 per share
Issue TypeBook Build — Fresh + OFS
Lot Size91 shares (Min App: 1 Lot / 91 Shares)
Total Issue Size1,70,00,000 shares (₹275.40 Cr)
Fresh Issue1,36,00,000 shares (₹220.32 Cr)
Offer for Sale (OFS)34,00,000 shares (₹55.08 Cr)
Pre-Issue Shares4,26,90,760
Post-Issue Shares5,62,90,760
Market Cap (Pre-IPO)₹691.59 Cr
Market Cap (Post-IPO)₹911.91 Cr
Listing ExchangeBSE, NSE
Lead ManagerAryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹162| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 91 | ₹14,742 |
| Retail — Maximum | 13 | 1,183 | ₹1,91,646 |
| S-HNI (sNII) — Min | 14 | 1,274 | ₹2,06,388 |
| S-HNI (sNII) — Max | 67 | 6,097 | ₹9,87,714 |
| B-HNI (bNII) — Min | 68 | 6,188 | ₹10,02,456 |
⚠️ Note: Investors can bid for a minimum of 91 shares and in multiples thereof.
👥 Investor Reservation
Allocated portion of Net OfferMax 50%
QIB Portion
Min 35%
Retail Portion
Min 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Standalone · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 305.68 | 283.21 | 219.64 | 95.21 |
| Total Income | 101.45 | 538.86 | 351.32 | 217.40 |
| PAT | 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 & Surplus | 140.35 | 125.32 | 107.70 | 17.79 |
| Total Borrowing | 70.52 | 68.44 | 68.93 | 38.64 |
Income Growth
FY 2023–24₹217.40 Cr
FY 2024–25₹351.32 Cr
FY 2025–26₹538.86 Cr
🎯 Key Performance Indicators
30.83%
ROE (Mar 26)
8.20% (Jun 26)
0.41
Debt/Equity (Mar 26)
0.39 (Jun 26)
39.88%
ROCE (Mar 26)
10.26% (Jun 26)
9.61%
PAT Margin (Mar 26)
14.80% (Jun 26)
15.39%
EBITDA Margin (Mar 26)
23.09% (Jun 26)
30.83%
RoNW (Mar 26)
8.20% (Jun 26)
4.12x
Price/Book (Mar 26)
3.78x (Jun 26)
₹39.36
NAV (Mar 26)
₹42.88 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹12.13
FY26 earnings + pre-issue shares
P/E: 13.36xPost-IPO EPS
₹10.06
Annualised post-issue basis
P/E: 16.10xPrice to Book Value
3.78x
At upper price band ₹162
Market Cap
₹911.91 Cr
At upper offer price ₹162
ℹ️
Pre-IPO EPS (₹12.13) is calculated on pre-issue equity of 4,26,90,760 shares based on restated FY26 PAT of ₹51.80 Cr. The post-issue EPS (₹10.06) relies on an expanded post-issue equity of 5,62,90,760 shares following the fresh issuance of 1,36,00,000 shares. Post-IPO Market Cap will expand to ₹911.91 Cr at the upper band. Note: The estimated post-IPO valuation table reflects metrics per the explicit data provided (₹966.99 Cr cap).
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”)
₹152.84 Cr
2
Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
₹30.00 Cr
3
General Corporate Purposes
Balance
Estimated Net Proceeds Goal
₹182.84 Cr
🏢 About M.K.Sons Fine Jewels Ltd.
Est. 2012 · Mumbai, Maharashtra · Retail Jewellery & Design CollectionsM.K.Sons Fine Jewels Ltd., incorporated in 2012, is an established retail jewellery business engaged in the sale of premium gold, diamond, and cubic zirconia (CZ) ornaments. The company serves a diverse consumer base ranging from daily wear buyers to premium bridal clientele across its specialized showroom network in Mumbai and Ahmedabad. Its expansive product portfolio includes rings, necklaces, bangles, earrings, bracelets, mangalsutras, solitaires, and highly customized bespoke jewellery pieces.
Operating under a customer-centric retail model, M.K.Sons curates specialized collections named Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere, and One & Only to cater to distinct demographic preferences. The enterprise manages 5 high-footfall retail showrooms strategically positioned in premium localities including Bandra, Andheri, and Zaveri Bazaar in Mumbai, as well as C.G. Road and Sindhu Bhavan Road in Ahmedabad. Backed by rigorous quality assurance, all products are BIS Hallmark certified, ensuring the highest purity standards. The company predominantly sources its finished jewellery from established third-party vendors located across Western India. As of June 30, 2026, its retail footprint boasted a deep inventory of over 19,442 SKUs, segmented into 14,582 exclusive gold designs and 4,860 diamond and precious stone configurations. Supported by promoters with deep industry lineage dating back to 1999, the firm employed 148 permanent personnel as of September 30, 2026.
Brand Ecosystem
💍
11 Exclusive Collections
Curated themes including Pavitra, Rivaaz, NAQSH, and Sitaare for bridal, festive, and daily wear.
🏢
Premium Showroom Network
5 strategic retail locations across high-footfall areas in Mumbai and Ahmedabad.
💎
Massive Design Portfolio
Over 19,442 SKUs comprising 14,582 gold designs and 4,860 diamond and precious stone arrangements.
🔖
Quality & Compliance
100% BIS Hallmark-certified jewellery ensuring transparency, purity, and robust customer trust.
Competitive Strengths
🏆Diversified and dynamic jewellery portfolio across 11 targeted collections matching varied price points.
📍Strong regional brand penetration through a cluster-based showroom expansion strategy in Western India.
🤝Experienced promoter group with continuous jewellery industry expertise spanning over two decades since 1999.
📈Exceptional financial momentum, logging a 123% surge in FY26 PAT to ₹51.80 Cr and a robust 30.83% ROE.
Company Promoters
RR
Ramchand Murlidhar Raimalani & Neelam Ramchand Raimalani
Promoters, M.K.Sons Fine Jewels Ltd.
KR
Kush Ramchand Raimalani
Promoter, M.K.Sons Fine Jewels Ltd.
Key Selling Shareholders (OFS)
Ramchand Murlidhar Raimalani34,00,000 Shares (₹55.08 Cr)
📅 Key Dates
IPO Opens28 Oct 2026
IPO Closes30 Oct 2026
Allotment2 Nov 2026
Refund & Share Credit2 Nov 2026
Listing Day4 Nov 2026
💡 Quick Summary
Price Band₹153 – ₹162
Upper Price₹162 / share
Lot Size91 shares
Min. Investment (Retail)₹14,742 (1 Lot)
Issue Size₹275.40 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Manager
Aryaman Financial Services Ltd.
📍 Registered Address
M.K.Sons Fine Jewels Ltd.
1 & 2, A.N. Chambers, Turner Road,
Bandra West,
Mumbai, Maharashtra — 400050
📞 9920077788
[email protected]
1 & 2, A.N. Chambers, Turner Road,
Bandra West,
Mumbai, Maharashtra — 400050
📞 9920077788
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the M.K.Sons Fine Jewels IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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