M.K.Sons Fine Jewels IPO: Price Band, Lot Size, Financials & Review
M.K.Sons Fine Jewels IPO opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026. The price band is ₹153 – ₹162 with a lot of 91 shares, so one retail lot costs ₹14,742 at the upper band.
- Open Date
- 28 Oct 2026
- Close Date
- 30 Oct 2026
Last updated
- Price band
- ₹153 – ₹162
- Lot size
- 91 shares
- Min. investment
- ₹14,742
- Issue size
- ₹275.4 Cr
M.K.Sons Fine Jewels IPO details
M.K.Sons Fine Jewels IPO is a ₹275.4 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹220.32 Cr (80.00%) with an offer for sale of ₹55.08 Cr (20.00%) by existing shareholders. Only the fresh issue money goes to the company.
The issue opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026. Allotment is expected on Mon, 2 Nov 2026 and listing on Wed, 4 Nov 2026.
The price band is ₹153 to ₹162 per share and the lot size is 91 shares, so the minimum retail application is ₹14,742. Retail investors can apply for up to 13 lots (1,183 shares, ₹1,91,646).
Bigshare Services Pvt Ltd is the registrar, and Aryaman Financial Services Limited is the book running lead manager.
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
M.K.Sons Fine Jewels IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1,183 | ₹1,91,646 |
| S-HNI (Min) | 14 | 1,274 | ₹2,06,388 |
| S-HNI (Max) | 67 | 6,097 | ₹9,87,714 |
| B-HNI (Min) | 68 | 6,188 | ₹10,02,456 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹220.32 Cr (80.00%) with an offer for sale of ₹55.08 Cr (20.00%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹162, the issue is priced at 13.36x pre-issue earnings and 16.10x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 21.92x (4 companies).
Promoter holding falls from 100.00% before the issue to 65.82% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹12.13 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 13.36x |
| EPS (post-issue) EPS on the enlarged share capital | ₹10.06 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 16.10x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 65.82% |
M. K. Sons Fine Jewels Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹351.32 Cr to ₹538.86 Cr, and profit after tax rose from ₹23.26 Cr to ₹51.8 Cr. The PAT margin for 31 Mar 2026 was 9.61%.
| 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 |
| Reserve & Surplus | 140.35 | 125.32 | 107.70 | 17.79 |
| Total Borrowings | 70.52 | 68.44 | 68.93 | 38.64 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| ROE % | 8.20 | 30.83 | 20.01 | 36.63 |
| ROCE % | 10.26 | 39.88 | 27.24 | 40.62 |
| Debt / Equity | 0.39 | 0.41 | 0.59 | 1.73 |
| RoNW % | 8.20 | 30.83 | 20.01 | 36.63 |
| Pat Margin % | 14.80 | 9.61 | 6.62 | 6.62 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| M.K.Sons Fine Jewels Ltd | 10 | — | 12.13 | 12.13 | 30.83% | 39.36 |
| Motisons Jewellers Ltd | 1 | 27.78 | 0.65 | 0.65 | 12.77% | 5.05 |
| Tribhovandas Bhimji Zaveri Ltd | 10 | 19.62 | 30.32 | 30.32 | 24.14% | 125.60 |
| Senco Gold Limited | 5 | 9.55 | 35.08 | 35.06 | 22.85% | 153.45 |
| Pngs Reva Diamond Jewellery Ltd | 10 | 24.21 | 28.41 | 28.41 | 12.55% | 162.53 |
Notes
The figures of M.K. Sons Fine Jewels Limited are based on restated financial statements for the year ended March 31, 2026.
Current Market Price (CMP) is the closing price of peer group scripts as on October 09, 2026
The figures for the peer group are based on the Consolidated Audited Financials for the year ended March 31, 2026
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | 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 our Company | 30.00 |
| 3 | General Corporate Purposes | — |
| Total | 182.84 |
About M. K. Sons Fine Jewels Limited
Incorporated in 2012, M. K. Sons Fine Jewels Ltd. is engaged in the retail sale of gold, diamond, and cubic zirconia (CZ) jewellery through its showroom network in Mumbai and Ahmedabad.
The company offers a wide range of jewellery products, including rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery, and customised designs. Its product portfolio includes collections such as Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere, and One & Only.
The company operates five retail showrooms across Maharashtra and Gujarat, located in prominent commercial and high-footfall areas such as Bandra, Andheri, Zaveri Bazaar, C.G. Road, and Sindhu Bhavan Road.
Its business model focuses on retail jewellery sales, customised designs, customer-centric collections, and products catering to multiple price segments. The company procures finished jewellery from third-party vendors located across Western India.
As of December 31, 2025, the company offered more than 17,452 SKUs, comprising over 13,322 gold jewellery designs and more than 4,130 diamond and precious stone jewellery designs.
The company serves a diverse customer base across bridal, festive, daily-wear, and premium jewellery segments, offering BIS Hallmark-certified jewellery products.
Promoters
Ramchand Murlidhar Raimalani
Neelam Ramchand Raimalani
Kush Ramchand Raimalani
Contact details
M.K.Sons Fine Jewels Ltd.
1 & 2, A.N. Chambers
Turner Road
Bandra West
Mumbai, Maharashtra, 400050
Telephone: +91 9920077788
E-mail:compliance@mkjewels.in
Website:http://www.mkjewels.in/
M.K.Sons Fine Jewels IPO FAQs
- What is the M.K.Sons Fine Jewels IPO price band?
- The M.K.Sons Fine Jewels IPO price band is ₹153 to ₹162 per share.
- What is the M.K.Sons Fine Jewels IPO lot size and minimum investment?
- The M.K.Sons Fine Jewels IPO lot size is 91 shares. The minimum retail investment is ₹14,742 for one lot at the upper price band. Retail investors can apply for up to 13 lots (1,183 shares), costing ₹1,91,646.
- When does M.K.Sons Fine Jewels IPO open and close?
- M.K.Sons Fine Jewels IPO opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026.
- What is the M.K.Sons Fine Jewels IPO allotment date?
- The M.K.Sons Fine Jewels IPO basis of allotment is expected on Mon, 2 Nov 2026. You can check your allotment status on the Bigshare Services Pvt Ltd website.
- What is the M.K.Sons Fine Jewels IPO listing date?
- M.K.Sons Fine Jewels IPO is expected to list on BSE & NSE on Wed, 4 Nov 2026.
- Is the M.K.Sons Fine Jewels IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹220.32 Cr (80.00%) with an offer for sale of ₹55.08 Cr (20.00%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the M.K.Sons Fine Jewels IPO?
- The registrar for the M.K.Sons Fine Jewels IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Aryaman Financial Services Limited.
- How to apply for the M.K.Sons Fine Jewels IPO?
- Apply through your broker app or net banking using UPI or ASBA. Select the IPO, enter the number of lots and your bid (retail investors can bid at the cut-off price), and approve the UPI mandate before the issue closes on Fri, 30 Oct 2026.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.