M.K.Sons Fine IPO
Bookbuilding IPO | ₹330.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Oct 28, 2026
IPO Close
Fri, Oct 30, 2026
Price Band
₹153.00 to ₹162.00
Market Cap (Pre-IPO)
₹966.99 Cr
IPO Details
| IPO Date | Oct 28, 2026 to Oct 30, 2026 |
| Listing Date | Tentative: Nov 04, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹153.00 to ₹162.00 |
| Lot Size | 91 Shares (Minimum: ₹14,742.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹330.00 Crores |
| Total Shares Offered | 20,400,000 shares |
| Fresh Issue | 17,000,000 shares |
| Offer For Sale | 3,400,000 shares |
M.K.Sons Fine IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue. |
| NII Shares Offered | Not less than 15% of the Net Issue |
M.K.Sons Fine IPO Lot Size
Investors can bid for a minimum of 91 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1,183 | ₹191,646 |
| S-HNI (Min) | 14 | 1,274 | ₹206,388 |
| S-HNI (Max) | 67 | 6,097 | ₹987,714 |
| B-HNI (Min) | 68 | 6,188 | ₹1,002,456 |
M.K.Sons Fine Financial Information (Restated Consolidated)
M.K.Sons Fine Jewels Ltd.'s revenue increased by 53% and profit after tax (PAT) rose by 123% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 305.68 | 283.21 | 219.64 | 95.21 |
| Total Income | 101.45 | 538.86 | 351.32 | 217.40 |
| Profit After Tax | 15.02 | 51.80 | 23.26 | 8.17 |
| EBITDA | 23.42 | 82.94 | 38.57 | 12.87 |
| NET Worth | 183.04 | 168.01 | 116.21 | 22.27 |
| Reserves and Surplus | 140.35 | 125.32 | 107.70 | 17.79 |
| Total Borrowing | 70.52 | 68.44 | 68.93 | 38.64 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 30.83% |
| ROCE (Return on Capital Employed) | 39.88% |
| Debt/Equity | 0.41 |
| RoNW (Return on Net Worth) | 30.83% |
| PAT Margin (Profit After Tax Margin) | 9.61% |
| EBITDA Margin | 15.39% |
| Price to Book Value | 4.12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.13 | 10.06 |
| P/E (x) | 13.36 | 16.10 |
Company Overview
M. K. Sons Fine Jewels Ltd. – Company Overview
- Incorporated in 2012, M. K. Sons Fine Jewels Ltd. is engaged in the retail sale of gold, diamond and cubic zirconia (CZ) jewellery through its showroom network across Mumbai and Ahmedabad.
- The Company offers a wide range of jewellery products, including rings, necklaces, bangles, earrings, bracelets, mangalsutras, solitaires, bridal jewellery and customised jewellery.
- Its jewellery is marketed under multiple collections, including Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere and One & Only.
- The Company operates five retail showrooms across Maharashtra and Gujarat, located in high-footfall areas such as Bandra, Andheri, Zaveri Bazaar, C.G. Road and Sindhu Bhavan Road.
- Its business model focuses on retail jewellery sales, customer-centric collections, customised jewellery offerings and diversified designs across multiple price points. The Company procures finished jewellery from third-party vendors across Western India.
- As of June 30, 2026, the Company offered more than 19,442 SKUs, comprising over 14,582 gold jewellery designs and 4,860 diamond and precious stone jewellery designs.
- The Company caters to customers across bridal, festive, daily-wear and premium jewellery segments, offering BIS Hallmark-certified jewellery products.
Company Strengths
- Diversified jewellery portfolio across 11 collections
- Strong regional presence in Mumbai and Ahmedabad
- Wide range of gold, diamond, and CZ jewellery
- Cluster-based showroom expansion strategy
- BIS Hallmark-certified jewellery products
- Experienced promoter with jewellery industry expertise since 1999
- Customer-focused retail and customised jewellery offerings
Use of Proceeds
| 1) | Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”) | 152.84 |
| 2) | Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company | 30.00 |
| 3) | General Corporate Purposes | |
| Total | 182.84 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
M.K.Sons Fine IPO Peer Comparison
M.K.Sons Fine peer comparison with similar listed entities. (As on March 31, 2026)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| M.K. Sons Fine Jewels | 12.13 | 12.13 | 39.36 | - | 30.83 | - | - |
| Motisons Jewellers | 0.65 | 0.65 | 5.05 | 27.78 | 12.77 | 3.60 | - |
| Tribhovandas Bhimji Zaveri | 30.32 | 30.32 | 125.60 | 19.62 | 24.14 | 4.75 | - |
| Senco Gold | 35.08 | 35.06 | 153.45 | 9.55 | 22.85 | 2.18 | - |
| PNGS Reva Diamond Jewellery | 28.41 | 28.41 | 162.53 | 24.21 | 12.55 | 4.24 | - |
Quick Info
| Sector | jewellery |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹966.99 Cr |
Important Dates
| IPO Open | Oct 28, 2026 |
| IPO Close | Oct 30, 2026 |
| Allotment Date | Nov 02, 2026 |
| Credit to Demat | Nov 03, 2026 |
| Listing Date | Tentative: Nov 04, 2026 |
Lead Manager(s)
Aryaman Financial Services Ltd.
Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Description
- IPO Type: Book build issue aggregating to ₹330.48 crores.
- Issue Structure: The issue is a combination of a fresh issue of 1.70 crore shares aggregating to ₹275.40 crores and an offer for sale of 34.00 lakh shares aggregating to ₹55.08 crores.
- IPO Dates: The issue opens for subscription on October 28, 2026 and closes on October 30, 2026.
- Allotment Date: The allotment is expected to be finalized on November 2, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on November 4, 2026.
- Retail Investment Requirement: Minimum 1 lot (91 shares) amounting to approximately ₹14,742 at the upper price band.
- Issue Price Band: ₹153 to ₹162 per equity share.
- Lot Size: 91 shares per lot.
This IPO offers investors an opportunity to participate in the company through a combination of a fresh issue of shares and an offer for sale by existing shareholders.