M.K.Sons Fine Jewels IPO Price: ₹153 to ₹162 per share
IPO Dates: 28 to 30 Oct, 2026
Company Overview
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 caters to bridal, festive, daily wear and premium jewellery customers, offering BIS Hallmark-certified jewellery products.
Product Portfolio
The Company’s product range includes rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery and customised jewellery. Its offerings are available across multiple collections, including Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere and One & Only.
As of June 30, 2026, the Company offered more than 19,442 SKUs, comprising over 14,582 gold jewellery designs and 4,860 diamond and precious stone jewellery designs.
Retail Network and Presence
The Company operates five retail showrooms across Maharashtra and Gujarat, located in high-footfall areas including Bandra, Andheri, Zaveri Bazaar, C.G. Road and Sindhu Bhavan Road. Its regional presence is concentrated in Mumbai and Ahmedabad, supported by a cluster-based showroom expansion strategy.
Business Model and Sourcing
The Company’s business model focuses on retail jewellery sales, customer-centric collections, customised jewellery offerings and designs across multiple price points. It procures finished jewellery from third-party vendors across Western India.
Workforce
As of September 30, 2026, the Company had 148 permanent employees.
Competitive Strengths
- Diversified jewellery portfolio across 11 collections.
- Established regional presence in Mumbai and Ahmedabad.
- Wide range of gold, diamond and CZ jewellery.
- Cluster-based showroom expansion strategy.
- BIS Hallmark-certified jewellery products.
- Promoter with jewellery industry experience dating back to 1999.
- Customer-focused retail model with customised jewellery offerings.
Bidding Starts In
M.K.Sons Fine Jewels Limited IPO Specifics:
| 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 | 1,70,00,000 shares (agg. up to ₹275 Cr) |
| Fresh Issue | 1,36,00,000 shares (agg. up to ₹220 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 | 5,62,90,760 shares |
M.K.Sons Fine Jewels Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| 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 |
M.K.Sons Fine Jewels Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 91 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
M.K.Sons Fine Jewels Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| 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 |
M.K.Sons Fine Jewels Limited IPO Financial Information
| Particulars (₹ Cr) | 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 |
| Reserves and Surplus | 140.35 | 125.32 | 107.70 | 17.79 |
| Total Borrowing | 70.52 | 68.44 | 68.93 | 38.64 |
Key Performance Indicator-M.K.Sons Fine Jewels Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 8.20% | 30.83% |
| ROCE | 10.26% | 39.88% |
| Debt/Equity | 0.39 | 0.41 |
| RoNW | 8.20% | 30.83% |
| PAT Margin | 14.80% | 9.61% |
| EBITDA Margin | 23.09% | 15.39% |
| NAV | 42.88 | 39.36 |
| P/B (x) | 3.78 | 4.12 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.13 | 10.06 |
| P/E (x) | 13.36 | 16.1 |
| Market Cap at Offer Price | ₹691.59 Cr. | ₹966.99 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
M.K.Sons Fine Jewels Limited IPO DRHP
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