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MK Sons Fine Jewels IPO opens Oct 28: Check 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 26, 2026, 12:04 IST

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SUMMARY

MK Sons Fine Jewels IPO is a mix of a fresh issuance of up to 1.36 crore equity shares totalling ₹220.32 crore and an offer for sale (OFS) component of ₹55.08 crore by promoter Ramchand Murlidhar Raimalani.

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

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

Retail-focused jewellery company MK Sons Fine Jewels Ltd will launch its ₹275.40 crore initial public offering on Wednesday, October 28. The issue will end on October 30. The price band has been fixed at ₹153 to ₹162 per share.

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The initial share sale is a mix of a fresh issuance of up to 1.36 crore equity shares totalling ₹220.32 crore and an offer for sale (OFS) component of ₹55.08 crore by promoter Ramchand Murlidhar Raimalani.

Proceeds from the fresh issue will be utilised to establish new showroom in Maharashtra, expand an existing showroom in Gujarat, repayment of certain borrowings, and corporate general 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.

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MK Sons Fine Jewels IPO: Lot size

A lot consists of 91 shares and is in multiples thereafter. Half of the net issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

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MK Sons Fine Jewels IPO: Allotment and listing date

EventDate
Subscription periodOctober 28 to October 30
Basis of allotmentNovember 2
Initiation of RefundsNovember 2
Credit of Shares to DematNovember 2
Listing dateNovember 4
MK Sons Fine Jewels, incorporated in 2012, designs, manufactures and retails fine jewellery. It offers various gold, diamond and cubic zirconia (CZ) jewellery via its network of company-owned stores.

It operates five showrooms across Mumbai and Ahmedabad, serving customers with contemporary as well as bridal jewellery collections.

On the financial front, the company reported a post-tax profit of ₹52 crore and revenue from operations of ₹539 crore in the financial year 2026-27.

Aryaman Financial Services is the issue's sole book-running lead manager, while Bigshare Services serves as 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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