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MK Sons Fine Jewels IPO Day 1: Check subscription status, price band, lot size and key dates

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on October 28, 2026, 09:40 IST

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SUMMARY

The ₹275.40 crore MK Sons Fine Jewels IPO is a combination of a fresh issue of 1.36 crore equity shares worth ₹220.32 crore and an offer for sale (OFS) of 34 lakh shares valued at ₹55.08 crore by promoter Ramchand Murlidhar Raimalani.

MK Sons Fine Jewels is a retail-focused jewellery firm involved in the marketing and sale of various gold, diamond and cubic zirconia jewellery. | Image: mkjewels.in

MK Sons Fine Jewels is a retail-focused jewellery firm involved in the marketing and sale of various gold, diamond and cubic zirconia jewellery. | Image: mkjewels.in

MK Sons Fine Jewels IPO launched its initial public offering for subscription on October 28. It will close on October 30. The price band has been set at ₹153-162 per share.

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The ₹275.40 crore IPO is a combination of a fresh issue of 1.36 crore equity shares worth ₹220.32 crore and an offer for sale (OFS) of 34 lakh shares valued at ₹55.08 crore by promoter Ramchand Murlidhar Raimalani.

The fresh funds will be used to establish a new showroom in Maharashtra, expand an existing showroom in Gujarat, clear borrowings, and meet general corporate purposes.

"Our company intends to strengthen its capital base and expects to receive the benefits of listing of the equity shares on the stock exchanges, including, among other things, enhancing the visibility of our brand and our company among our existing and potential customers," the company said in its red herring prospectus.

MK Sons Fine Jewels IPO Day 1: Check subscription status

The subscription details for Day 1 will be available post 10 am.

MK Sons Fine Jewels IPO: Lot size

Retail investors can apply for at least 91 shares and in multiples thereof.

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Before the IPO, the company collected ₹82.62 crore from anchor investors, including Goldman Sachs Bank Europe SE, Advent Global Fund PCC, Khandelwal Finance, Venus Investment VCC, Tiger Strategies Fund-I, Zeal Global Opportunities Fund, Compact Structure Fund, Nexus Global Opportunities Fund and Arnesta Global Opportunities Fund PCC.

MK Sons Fine Jewels IPO: Allotment and listing date

EventDate
Subscription periodOctober 28 to October 30
Allotment finalisationNovember 2
Refund initiationNovember 2
Credit of Shares to Demat accountNovember 2
Listing date on NSE and BSENovember 4

Incorporated in 2012, M K Sons Fine Jewels Ltd is engaged in designing, manufacturing and retailing fine jewellery. It offers gold, diamond and cubic zirconia jewellery through its company-owned stores.

It operates five showrooms across Ahmedabad and Mumbai, catering to customers with contemporary and bridal jewellery collections.

It reported a profit after tax of ₹52 crore and revenue from operations of ₹539 crore in the financial year 2025-26.

Aryaman Financial Services is the IPO's sole book-running lead manager, while Bigshare Services is the registrar.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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