M.K.Sons Fine Jewels

M.K.Sons Fine Jewels

UPCOMING

IPO Date: 28 Oct - 30 Oct 2026

Listing Date: 4 Nov 2026

Price Range

₹153 to ₹162

Issue Size

275 Cr

Min Investment

₹13,923

Min Application

91 Shares

View IPO Document

Schedule of M.K.Sons Fine Jewels

  1. Issue open date

    28 Oct 2026

  2. Issue close date

    30 Oct 2026

  3. UPI mandate deadline

    30 Oct 2026 (5 PM)

  4. Allotment finalization

    2 Nov 2026

  5. Share credit

    3 Nov 2026

  6. Listing date

    4 Nov 2026

  7. Mandate end date

    14 Nov 2026

Issue size

Funds Raised in the IPOAmount
Overall275 Cr
Fresh Issue1.36 Cr
Offer for Sale34 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date2 Nov 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
26 Oct 2026Latest₹162₹8₹170(+4.94%)
25 Oct 2026₹162₹7₹169(+4.32%)
24 Oct 2026₹162₹7₹169(+4.32%)

Performance M.K.Sons Fine Jewels

Issue PriceListing GainCurrent Market PriceP/L
₹153 to ₹162............

About M.K.Sons Fine Jewels

M.K. Sons Fine Jewels Limited is an Indian jewellery retailer that sells gold, diamond, platinum, silver and coloured-stone jewellery through five physical showrooms in Maharashtra and Gujarat. Its portfolio includes more than 19,442 stock-keeping units (SKUs), covering bridal, festive, premium and everyday jewellery. The company has an in-house design team but outsources manufacturing to third-party manufacturers and skilled artisans (karigars). It focuses on direct retail sales and also operates an exclusive experience lounge for premium jewellery customers.

Founded in2012
Managing directorRamchand Murlidhar Raimalani
Parent organization

Financial Overview

Strengths

5
  1. 1

    Wide jewellery portfolio. More than 19,442 SKUs provide customers with a broad choice of designs and jewellery categories.

  2. 2

    Established retail presence. Five showrooms across Mumbai and Ahmedabad provide access to two major western Indian jewellery markets.

  3. 3

    Strong recent financial growth. Revenue from operations increased from approximately ₹217.32 crore in FY2024 to ₹351.28 crore in FY2025.

  4. 4

    In-house design capabilities. Its design team can develop collections around changing customer preferences without requiring the company to operate its own manufacturing facilities.

  5. 5

    Expansion opportunities. The company plans to use IPO proceeds for showroom expansion and inventory requirements, potentially supporting future retail growth.

Risks

5
  1. 1

    Geographical concentration. Ahmedabad showrooms contributed approximately 77.17% of revenue in FY2025. Dependence on one city exposes the company to local market and operational risks.

  2. 2

    Dependence on third-party manufacturers. The company does not manufacture jewellery in-house and relies on external suppliers and artisans for production and customisation.

  3. 3

    High inventory requirements. Jewellery retail requires substantial capital to maintain gold, diamond and other jewellery stocks, which can increase borrowing and working-capital pressure.

  4. 4

    Cash-flow concerns. The company reported negative operating cash flow in FY2023, FY2024 and FY2025, despite recording accounting profits in those years. This makes cash conversion an important factor to monitor.

  5. 5

    Competition and changing customer preferences. The business competes with established jewellery brands and local retailers. Changing trends, gold-price movements or unsuccessful new showrooms could affect sales and profitability.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)N/A
Non-Institutional Investors (NIIs)N/A
Retail Individual Investors (RIIs)N/A
EmployeeN/A
TotalN/A