M.K. Sons Fine Jewels logo

M.K. Sons Fine Jewels IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

Upcoming

Mainboard

PRICE BAND

Rs 153 - 162

LOT SIZE

91

Shares

MIN INVEST

Rs 14,742

CUT-OFF

Rs 162

per share

Open

28 Oct 2026

Last Day

30 Oct 2026

Allotment

02 Nov 2026

Expected Refund

03 Nov 2026

Listing

04 Nov 2026

GMP Today

4m ago

0%

Rs 0 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 162

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 0

+0.0% (91 shares)

Subscription

-

Not open

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IPOGyani AI Engine - Live Prediction
+16.2%

Range: +12.2% to +20.2%

Confidence: Moderate - 61%

Confidence Score - 61%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 61/100📊 Sub 0x🏭 Gems Jewellery and Watches
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Current IPO Status: upcoming

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Get a quick M.K. Sons Fine Jewels summary (150-200 words) from your favorite AI:

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About M.K. Sons Fine Jewels

Gems Jewellery and Watches

The company operates five showrooms across Mumbai and Ahmedabad, with an operational area of approximately 6,513 square feet as of June 30, 2026. It offered more than 19,442 stock keeping units, including over 14,582 gold jewellery designs and 4,860 diamond and precious-stone jewellery designs. Its collections include Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere and One & Only. The company procures finished jewellery from third-party vendors and focuses on physical retail sales. As of September 30, 2026, it had 148 permanent employees.

IPO_DETAILS_LONG: M.K. Sons Fine Jewels IPO is a Mainboard book-built issue comprising 2,04,00,000 shares, aggregating to approximately ₹330.48 crore at the upper price band. The price band is ₹153 to ₹162 per share, with a face value of ₹10 and a lot size of 91 shares. The issue comprises a fresh issue of 1,70,00,000 shares aggregating to ₹275.40 crore and an offer for sale of 34,00,000 shares aggregating to ₹55.08 crore. The IPO opens on October 28, 2026 and closes on October 30, 2026. Allotment is expected on November 2, 2026, with tentative listing on November 4, 2026 on BSE and NSE. The fresh issue proceeds are intended to fund a new showroom in Maharashtra, expansion of an existing showroom in Gujarat, repayment or prepayment of certain borrowings and general corporate purposes. Aryaman Financial Services Limited is the book-running lead manager and Bigshare Services Private Limited is the registrar. The selling shareholder is promoter Ramchand Murlidhar Raimalani, who is offering 34,00,000 shares.

Issue Details

Total Issue Size

Rs 330 Cr

Issue Size for Retail

Rs 115.67 Cr

Fresh Issue vs OFS

Fresh Issue
Rs 275.4 Cr (83%)
OFS
Rs 55.08 Cr (17%)

Reservation Quota

QIB

50%

Retail

35%

NII

15%

Lead Manager

Aryaman Financial Services Ltd.

Registrar

Bigshare Services Pvt. Ltd.

Objects of the Issue (as per DRHP)

  • 1Funding expenditure towards setting up one new showroom in Maharashtra and expanding an existing showroom in Gujarat: 152.84 Cr
  • 2Repayment and/or pre-payment, in full or part, of certain company borrowings: 30.00 Cr
  • 3General Corporate Purposes: balance of net proceeds after the specified objects and issue expenses

Key Performance Indicator (KPI)

KPIJun 30, 2026Mar 31, 2026
ROE8.20%30.83%
ROCE10.26%39.88%
Debt/Equity0.390.41
RoNW8.20%30.83%
PAT Margin14.80%9.61%
EBITDA Margin23.09%15.39%
Price to Book Value3.78
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (Rs)12.1310.06
P/E (x)13.3616.10
Promoter Holding100.00%65.82%
Market CapRs 966.99 Cr.

Ramchand Murlidhar Raimalani; Neelam Ramchand Raimalani; Kush Ramchand Raimalani

M.K. Sons Fine Jewels Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total Income217.4351.32538.86
Net Profit (PAT)8.1723.2651.8
EBITDA12.8738.5782.94
Borrowings38.6468.9368.44
ROE36.63%20.01%30.83%
ROCE40.62%27.24%39.88%
Debt/Equity1.730.590.41
Assets95.21219.64283.21

Company Financials

Financial charts load as you reach this section.

MARKET SENTIMENT SCORE

0
50
100
61
Bullish

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

Expert reviews for M.K. Sons Fine Jewels IPO will appear here once available.

Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.

Peer Comparison

Comparing with 4 listed peers
IPO P/E Ratio
16.1x
vs Peer Avg: 20.3x
IPO Market Cap
Rs 967 Cr
Peer Avg: 3.2K Cr
IPO ROE
30.83%
vs Peer Avg: 18.1%
CompanyMarket CapRevenuePATP/EROE
MS
M.K. Sons Fine JewelsIPO
Rs 967 CrRs 538.86 CrRs 51.8 Cr16.1x30.83%
Motisons Jewellers Limited1.8K Cr489.55 Cr63.71 Cr27.78x12.77%
Tribhovandas Bhimji Zaveri Limited4.0K Cr3.2K Cr202.31 Cr19.62x24.14%
Senco Gold Limited5.5K Cr8.4K Cr574.32 Cr9.55x22.85%
PNGS Reva Diamond Jewellery Limited1.6K Cr439.03 Cr64.66 Cr24.21x12.55%
Peer Average3.2K Cr3.1K Cr226.25 Cr20.3x18.1%

Quick Analysis

  • M.K. Sons Fine Jewels's P/E of 16.1x is lower than the peer average of 20.3x, suggesting relatively attractive valuation.
  • ROE of 30.83% is above peer average (18.1%), indicating better return on equity.
  • Market cap post-listing would place M.K. Sons Fine Jewels below peer average in terms of size.

* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.

Company Contact Details

1 & 2, A.N. Chambers, Turner Road, Bandra West, Mumbai, Maharashtra 400050
+91 9920077788
[email protected]
Visit Website

Green Flags

  • Revenue increased from ₹351.32 crore in FY25 to ₹538.86 crore in FY26.
  • Profit after tax increased from ₹23.26 crore in FY25 to ₹51.80 crore in FY26.
  • Five operational showrooms across Mumbai and Ahmedabad provide an established regional retail presence.
  • Diversified product portfolio spanning gold, diamond and cubic zirconia jewellery across multiple collections.
  • Proposed IPO funding includes showroom expansion and repayment or prepayment of borrowings.
  • Promoter has a long-standing background in the jewellery business.

Red Flags

  • Revenue is concentrated geographically, with Gujarat contributing approximately 67.97% of FY26 revenue according to prospectus-related analysis.
  • The Ahmedabad CG Road showroom reportedly contributed approximately 57.16% of FY26 revenue, creating dependence on a key store.
  • The business relies on physical showroom sales and has limited channel diversification.
  • Jewellery retailing requires substantial working capital tied up in inventory.
  • Total borrowings stood at ₹68.44 crore as of March 31, 2026.
  • The IPO includes an OFS of ₹55.08 crore, which goes to the selling shareholder rather than the company.
  • The new showroom and expansion plans carry execution and return-on-investment risks.

IPO Lot Size

Investors can bid for a minimum of 91 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)191₹14,742
S-HNI (Min)141,274₹2,06,388
B-HNI (Min)686,188₹10,02,456

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Frequently Asked Questions

What is the price band of M.K. Sons Fine Jewels IPO?

The price band is Rs 153-162 per share. One lot contains 91 shares; its value at the upper price is Rs 14,742. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for M.K. Sons Fine Jewels IPO?

The scheduled bidding period is 28 Oct 2026 to 30 Oct 2026.

When is M.K. Sons Fine Jewels IPO scheduled to list?

The scheduled listing date is 4 Nov 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for M.K. Sons Fine Jewels IPO?

Bigshare Services Pvt. Ltd. is the registrar. See the allotment page for the available schedule and official checking link.

Who manages M.K. Sons Fine Jewels IPO?

Lead manager information recorded for this issue: Aryaman Financial Services Ltd..

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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