M.K.Sons Fine Jewels Ltd.

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Overview

M. K. Sons Fine Jewels Limited operates the MK Jewels retail brand, selling BIS-hallmarked gold, diamond and CZ jewellery through five company-owned showrooms in Mumbai and Ahmedabad. The company offers a broad mix of bridal, daily-wear, traditional, contemporary and premium jewellery across multiple price points, sourced mainly as finished goods from third-party vendors and supported by in-house design and customization capabilities.

Opening Date: Oct 28, 2026
Closing Date: Oct 30, 2026
Listing Date: Nov 04, 2026
IPO Type: Mainboard
IPO Status: Upcoming
Issue Size: 275.4 Cr
Fresh Issue: 220.32 Cr
Offer for Sale: 55.08 Cr
Price Band: ₹153 - ₹162
Lot Size: 91

Grey Market PremiumGMP

₹8

Est. Listing Gains

+4.94%

GMP Trend

Last updated 3 hours ago

IPO Timeline

Oct 28, 2026

Open Date

Oct 30, 2026

Close Date

Nov 02, 2026

Initiation of Refunds

Nov 02, 2026

Allotment Date

Nov 04, 2026

Listing Date

Financials

Use of IPO funds

Objects of the issueAmount

Funding of inventory costs towards setting up of 1 new showroom in Maharashtra and expansion of existing showroom in Gujarat₹152.84 Cr

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company₹30 Cr

General Corporate Purposes₹0 Cr

Total₹182.84 Cr

Key Performance Indicator

P/E Ratio: 13.36
EPS: 12.13
ROE: 8.2%
ROCE: 10.26%
RONW: 8.2%
Debt to Equity Ratio: 0.39
PAT Margin: 14.8%
EBITDA Margin: 23.09%
P/B: 3.78

Bull vs Bear

Bull case

•
A broad catalogue across price points and occasions helps serve different buyers, making repeat visits and cross-selling easier than for a narrow jewellery range.
•
Its established showroom presence in Mumbai and Ahmedabad, backed by hallmarking and diamond certification, can build trust in purchases where customers value authenticity.
•
India’s shift toward branded, certified jewellery gives organised retailers room to win customers from smaller unorganised sellers.

Bear case

•
Nearly 68% of Fiscal 2026 revenue came from Gujarat, and one Ahmedabad showroom contributed 57%. A local disruption could materially reduce sales and cash flow.
•
IPO funds are based on management estimates rather than independent appraisal. Cost changes or delayed approvals could slow expansion or limit flexibility in deploying funds.
•
All sales depend on physical showrooms, with no online revenue. Lower store visits cannot be offset through another sales channel, while rent and staff costs remain.

Subscription Rate

Subscription data will be available once the IPO opens.

Application Details

Category	Price Band	Application Range	Lot Size
Regular	₹153 - ₹162	Upto ₹2 Lakhs	1
High Networth Individual	₹153 - ₹162	Above ₹2 Lakhs	1

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GMP data not available yet

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Frequently Asked Questions

The M.K.Sons Fine Jewels Ltd. IPO is scheduled to open for subscription on Oct 28, 2026 and close on Oct 30, 2026. Investors can apply for shares during this period through eligible platforms.

The price band for the M.K.Sons Fine Jewels Ltd. IPO is ₹153 to ₹162. Investors can place bids within this range once the issue opens.

The minimum lot size for the M.K.Sons Fine Jewels Ltd. IPO is 91 shares. The minimum investment amount ₹14,742.

The total issue size of the M.K.Sons Fine Jewels Ltd. IPO is approximately ₹275.40 Cr. Issue size represents the total value of shares offered to the public.

As per the latest available information, the M.K.Sons Fine Jewels Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.

The Grey Market Premium (GMP) for the M.K.Sons Fine Jewels Ltd. IPO is ₹8. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.

The shares of M.K.Sons Fine Jewels Ltd. are expected to list on stock exchanges on Nov 04, 2026, subject to completion of the allotment process and regulatory approvals.

The net proceeds from the M.K.Sons Fine Jewels Ltd. IPO are proposed to be used for The main objectives of the issue are to utilise the Net Proceeds towards funding of the following objects:, Funding of inventory costs towards setting up of 1 new showroom in Maharashtra and expansion of an existing showroom in Gujarat, Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company, General corporate purposes.

Before applying for the M.K.Sons Fine Jewels Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document. Visit our guide on how to analyse an IPO to better understand what factors to look at before you invest in an IPO.