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Home › IPO › M. K. Sons Fine Jewels Ltd
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M. K. Sons Fine Jewels Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

IPO Closed
Price Band ₹162 per share per share
Lot Size 91 Shares
Min. Investment ₹14742
Issue Size ₹275.4 Cr
Face Value ₹10
IPO Open 28 October 2026
IPO Close 30 October 2026
Allotment 02 Nov 2026
Listing 04 Nov 2026
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Subscription status for M. K. Sons Fine Jewels Ltd IPO

As of 03 Nov 26, 7:59 AM. Will get Updated in every 30 minutes

QIB -

Qualified Institutional Buyers

NII -

Non-Institutional Investors

Retail -

Retail Individual Investors

Total -

Across all investor categories

Key dates

IPO schedule for M. K. Sons Fine Jewels Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 28 Oct 2026
IPO Close 30 Oct 2026
Allotment 02 Nov 2026
Refund / Unblock 02 Nov 2026
Listing 04 Nov 2026
About the company

Who is M. K. Sons Fine Jewels Ltd ?

M. K. Sons Fine Jewels Limited was incorporated as M. K. Sons Fine Jewels Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 12, 2012 issued by the Registrar of Companies, Mumbai. Subsequently, Company has acquired the entire running business with the assets and liabilities of M. K. Sons Jewellers, sole proprietorship concern of one of the Promoter, Ramchand Murlidhar Raimalani vide Business Succession Agreement dated March 29, 2025. Consequently, business of this proprietorship firm has merged into M. K. Sons Fine Jewels Private Limited. Company was converted to a public limited company and a fresh certificate of incorporation dated January 30, 2026 was issued by the RoC.

The Company is a retail-focused jewellery company engaged in the marketing and sale of a wide range of gold, diamond and Cubic Zirconia (CZ) jewellery through its own chain of retail showrooms since 2012. One of the Promoters, namely Ramchand Murlidhar Raimalani has been in the business of jewellery since 1999 vide proprietorship firm namely, M. K. Sons Jewellers.

The Company offers a diverse portfolio of contemporary and bridal designs with a focus on craftsmanship, design quality and customer-centric jewellery collections. We have established the presence in the retail jewellery markets of Maharashtra and Gujarat by expanding the retail footprint across Mumbai and Ahmedabad, two key commercial centres in Western India. Company currently operates three showrooms in Mumbai and two showrooms in Ahmedabad and has developed recognition as a regional jewellery brand in this market. As of December 31, 2025, product portfolio across the retail showrooms included more than 13,322 gold jewellery designs and over 4,130 designs featuring diamonds and other precious stones.

Company has filed a Draft Prospectus with SEBI & is planning the issuance aggregating to 17,000,000 Equity Shares of Rs 10 each, comprising a fresh issue of 13,600,000 Equity Shares and the Offer for sale of 3,400,000 Equity shares.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income538.86351.32217.40
EBITDA83.0638.6112.94
PAT51.8023.268.17
AUM283.21219.6495.21

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Our multi-collection jewellery portfolio enables us to address varied consumer segments.
  • Targeted marketing and promotion activities enabling increasing brand recall.
  • Founder led company supported by professional management and leadership team.
  • Commitment to quality and customer satisfaction.
  • Strong Financial Results.

Risks

  • A significant portion of the company's revenue comes from its showrooms in Gujarat, where the company operations are heavily focused. In three-month period ended June 30, 2026 and Fiscal 2026, 2025 and 2024, its revenue from the company's Ahmedabad showrooms stood at Rs. 694.79 million, Rs. 3,661.58 million, Rs. 2,710.97 million and Rs. 1,625.36 million contributing to 68.49%, 67.97%, 77.17% and 74.79% of its total revenue from operations of the Company. If this region or the showrooms in Gujarat faces any negative developments, it could harm the company's business performance, growth potential, financial health, and overall profitability.
  • The Objects of the Offer for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders approval.
  • All of the company's revenue is derived from direct sales through its physical showrooms, and any adverse developments impacting these operations could negatively affect the company's revenue and results of operations.
  • The company has entered into related party transactions in the past and may continue to do so in the future, which may potentially involve conflicts of interest with other shareholders.
  • Volatility in the prices and availability of gold, diamonds and other raw materials, along with dependence on third-party manufacturers for procurement, may adversely affect the company's business, results of operations, financial condition, cash flows and prospects.
  • The company relies entirely on third party product manufacturers and Karigars for production and manufacturing of its products, none of whom work exclusively for the company, exposing it to supply disruptions, quality risks and confidentiality concerns which may adversely affect the company's business, results of operations and financial condition.
  • The company's business is exposed to risks of fraud, theft, employee misconduct or negligence, and any failures to prevent or detect such incidents may materially and adversely affect its business, results of operations, cash flows and financial condition.
  • The Company has experienced negative net cash flow from operating activities in the past Fiscals and may continue to do so in future, which could have a material adverse effect on the company's business, prospects, financial condition, cash flows and results of operations.
  • The company's business depends on adequate working capital to support its continued growth. If the company is unable to maintain the working capital requirements, on favorable terms, it may harm the company operations, financial stability, and profitability.
  • All of the company's registered office, corporate offices and its showrooms are operated on premises which are taken on leave and license basis by the Company and any issues related to leave and license agreements renewal, unfavorable leave and license agreement terms, non-registration and inadequate stamping of agreements or property title disputes could negatively impact the company's business operations and financial performance.

M. K. Sons Fine Jewels Ltd IPO — frequently asked questions

The M. K. Sons Fine Jewels Ltd IPO opens on 28 October 2026 and closes on 30 October 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for M. K. Sons Fine Jewels Ltd IPO is Rs 162 to Rs 162 per share. The lot size is 91 shares per lot, requiring a minimum investment of Rs 14742 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 91 lots as per SEBI guidelines.
You can apply for the M. K. Sons Fine Jewels Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select M. K. Sons Fine Jewels Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 30 October 2026 at 5:00 PM.
Allotment for M. K. Sons Fine Jewels Ltd IPO is scheduled on 02 Nov 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 02 Nov 2026. The shares are expected to list on 04 Nov 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the M. K. Sons Fine Jewels Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your M. K. Sons Fine Jewels Ltd IPO bid before the subscription window closes on 30 October 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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