IPO Details
| IPO Date | 28 to 30 Oct, 2026 |
| Listing Date | Wed, Nov 4, 2026 |
| Face Value | 10 per share |
| Price Band | 153 to 162 |
| Lot Size | 91 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,04,00,000 shares (agg. up to ₹ 330 Cr) |
| Fresh Issue | 1,70,00,000 shares (agg. up to ₹ 275 Cr) |
| Offer for Sale | 34,00,000 shares of ₹ 10 (agg. up to ₹ 55 Cr) |
| Share Holding Pre Issue | 4,26,90,760 shares |
| Share Holding Post Issue | 5,96,90,760 shares |
IPO Important Dates
| IPO Open | Wed, Oct 28, 2026 |
| IPO Close | Fri, Oct 30, 2026 |
| Allotment | Mon, Nov 2, 2026 |
| Refund | Mon, Nov 2, 2026 |
| Credit of Shares | Mon, Nov 2, 2026 |
| Listing | Wed, Nov 4, 2026 |
IPO Lot Size
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1183 | ₹1,91,646 |
| S-HNI (Min) | 14 | 1274 | ₹2,06,388 |
| S-HNI (Max) | 67 | 6097 | ₹9,87,714 |
| B-HNI (Min) | 68 | 6188 | ₹10,02,456 |
Financial Information
| 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 |
| Reserves and Surplus | 140.35 | 125.32 | 107.70 | 17.79 |
| Total Borrowing | 70.52 | 68.44 | 68.93 | 38.64 |
Key Performance Indicator
| ROE | 8.20% |
| ROCE | 10.26% |
| Debt/Equity | 0.39 |
| RoNW | 8.20% |
| PAT Margin | 14.80% |
| EBITDA Margin | 23.09% |
| NAV | 42.88 |
| P/B (x) | 3.78 |
Peers Comparison
| M.K. Sons Fine Jewels | 12.13 | 12.13 | 39.36 | | 30.83 | | |
| Motisons Jewellers | 0.65 | 0.65 | 5.05 | 27.78 | 12.77 | 3.60 | |
| Tribhovandas Bhimji Zaveri | 30.32 | 30.32 | 125.60 | 19.62 | 24.14 | 4.75 | |
| Senco Gold | 35.08 | 35.06 | 153.45 | 9.55 | 22.85 | 2.18 | |
| PNGS Reva Diamond Jewellery | 28.41 | 28.41 | 162.53 | 24.21 | 12.55 | 4.24 | |
Information about company
Incorporated in 2012, M. K. Sons Fine Jewels Ltd. is engaged in the retail sale of gold, diamond, and CZ jewellery through its showroom network across Mumbai and Ahmedabad.
The company offers rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery, and customised jewellery under multiple collections such as Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere, and One & Only.
The company operates 5 retail showrooms across Maharashtra and Gujarat in high-footfall locations including Bandra, Andheri, Zaveri Bazaar, C.G. Road, and Sindhu Bhavan Road.
Its business model focuses on retail jewellery sales, customer-centric collections, customised jewellery offerings, and diversified designs across multiple price points. The company procures finished jewellery from third-party vendors across Western India.
As on June 30, 2026, the company offered more than 19,442 SKUs, including over 14,582 gold jewellery designs and 4,860 diamond and precious stone jewellery designs.
The company caters to bridal, festive, daily wear, and premium jewellery customers with BIS Hallmark-certified jewellery products.
As on September 30, 2026 the company had 148 permanent employees.
Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”)
2: Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
3: General Corporate Purposes
: Total
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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IPO Reservation
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue. |
| NII | Not less than 15% of the Net Issue |
