M.K.Sons Fine Jewels IPO Day 1: Subscription Status, Timeline & Key Issue Details
M.K.Sons Fine Jewels's ₹275.40 crore initial public offering (IPO) opened for public subscription today, October 28, 2026, with a price band of ₹153 to ₹162 per share. As of 10:15 A.M on the first day of bidding, the issue had been subscribed 0.03 times.
The IPO will remain open until October 30, 2026. The allotment status is expected to be finalised on November 2, 2026. Following this, the company’s shares are provisionally set to debut on the BSE and NSE on November 4, 2026.
M.K.Sons Fine Jewels IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹275.40 crore
- Fresh Issue: Up to ₹220.32 crore
- Offer for Sale (OFS): Up to ₹55.08 crore
- Face Value: ₹10 per equity share
- Price Band: ₹153 to ₹162 per share
- Lot Size: 91 shares
- Minimum Investment Amount (Retail Investor): ₹14,742 (91 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Aryaman Financial Services Limited
- Registrar: Bigshare Services Private Limited
M.K.Sons Fine Jewels IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
28 October 2026 |
|
Subscription Closing Date |
30 October 2026 |
|
Basis of Allotment Date |
30 October 2026 |
|
Refund Initiation Date |
2 November 2026 |
|
Credit of Shares |
2 November 2026 |
|
Listing on BSE and NSE |
3 November 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
M.K.Sons Fine Jewels IPO Day 1 Subscription Status
[October 28, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.08x |
|
Retail Individual Investors (RIIs) |
0.02x |
|
Total |
0.03x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding of inventory costs towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”)
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purposes.
About M.K.Sons Fine Jewels Limited
M.K.Sons Fine Jewels is engaged in the retail sale of gold, diamond and has been retailing cubic zirconia (CZ) jewellery through its own showrooms since 2012.
The company offers a range of contemporary and bridal jewellery, focusing on design, craftsmanship and customer preferences. It operates five BIS-hallmarked showrooms across Mumbai and Ahmedabad, with a combined area of 6,513 square feet as of June 30, 2026.
Key Financial Highlights
|
Particulars |
For the three month period ended June 30, 2026 (in ₹ crore) |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
|
Revenue from operations |
101.44 |
538.74 |
351.28 |
|
EBITDA |
23.42 |
82.94 |
38.57 |
|
Profit After Tax (PAT) |
15.02 |
51.80 |
23.26 |
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