M.K. Sons Fine Jewels IPO Day 1: Subscription Opens Today, 28 October 2026
- October 28, 2026
- Posted by: Harsh Piplani
- Category: IPO
M.K. Sons Fine Jewels IPO opens today, 28 Oct 2026, closes 30 Oct. Price band Rs 153-162. Lot size 91 shares. Lists on BSE and NSE on 4 Nov.
Quick Answer
The M.K. Sons Fine Jewels IPO opens for subscription today, 28 October 2026, and will remain open until 30 October 2026. M. K. Sons Fine Jewels Limited is a gold and diamond jewellery retailer with five showrooms in Mumbai and Ahmedabad, and the issue of about Rs 275.40 crore combines a fresh issue of Rs 220.32 crore with an offer for sale of Rs 55.08 crore. The price band is set at Rs 153 to Rs 162 per share, with a lot size of 91 shares, and the shares are proposed to list on BSE and NSE. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.
M. K. Sons Fine Jewels Limited, a retail jeweller selling gold, diamond and cubic zirconia jewellery through five company-operated showrooms in Mumbai and Ahmedabad, has opened its IPO for subscription today, 28 October 2026. The M.K. Sons Fine Jewels IPO is a mainboard, book built issue worth about Rs 275.40 crore, made up of a fresh issue of 1.36 crore equity shares worth about Rs 220.32 crore and an offer for sale of 34 lakh shares worth about Rs 55.08 crore by promoter Ramchand Murlidhar Raimalani, and it will remain open until 30 October 2026.
Ahead of the opening, the anchor book on 27 October raised Rs 82.62 crore. Fresh issue proceeds of about Rs 152 crore are meant for a new showroom in Maharashtra and the expansion of an existing Gujarat showroom, and Rs 30 crore is for repaying borrowings, with the balance for general corporate purposes. The shares are proposed to be listed on BSE and NSE.
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M.K. Sons Fine Jewels IPO Details
The table below sets out the key parameters of the M.K. Sons Fine Jewels IPO, including the price band, lot size and important dates.
| Open Date | 28 October 2026 |
| Close Date | 30 October 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 153 to Rs 162 per share |
| Lot Size | 91 shares |
| Issue Size | Rs 275.40 crore (fresh issue Rs 220.32 crore, offer for sale Rs 55.08 crore) |
| Issue Type | Book Built Issue, Mainboard |
| Listing At | BSE, NSE |
| Allotment Date | 2 November 2026 |
| Listing Date | 4 November 2026 |
M.K. Sons Fine Jewels IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 14,742 (1 lot, 91 shares, at the upper band) |
| Retail maximum | 13 lots, 1,183 shares (Rs 1,91,646) |
| Small HNI range | 14 to 67 lots (Rs 2,06,388 to Rs 9,87,714) |
| Big HNI minimum | 68 lots, 6,188 shares (Rs 10,02,456) |
| Anchor book | Rs 82.62 crore on 27 October 2026 |
| Promoter holding | 100 percent before the issue, 69.80 percent after |
| Registrar | Bigshare Services Pvt Ltd |
| Lead Manager | Aryaman Financial Services Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
M.K. Sons Fine Jewels IPO Share Reservation
The issue offers not more than 50 percent of the net offer to qualified institutional buyers, not less than 15 percent to non-institutional investors and not less than 35 percent to retail investors. The anchor book of Rs 82.62 crore was completed on 27 October ahead of public bidding.
M.K. Sons Fine Jewels IPO Subscription Status Day 1
Bidding for the issue has opened today, 28 October 2026, so the category wise numbers below will fill in as the session progresses. Larger institutional bids in mainboard issues often arrive late in the window, so Day 1 numbers usually lean on retail.
| Investor Category | Subscription Status, Day 1 (28 Oct) |
|---|---|
| Qualified Institutional Buyers (QIB) | Bidding just opened, updating through the session |
| Non-Institutional Investors (NII) | Bidding just opened, updating through the session |
| Retail Individual Investors | Bidding just opened, updating through the session |
| Overall | Bidding just opened, updating through the session |
Track Subscription Status for the issue on the Univest Screener
How to Apply for the M.K. Sons Fine Jewels IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 153 to Rs 162 band, in multiples of 91 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 30 October.
Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
About M. K. Sons Fine Jewels Limited
M. K. Sons Fine Jewels Limited, founded in 2012, is a retail jewellery company selling gold, diamond and cubic zirconia jewellery through five company-owned showrooms, three in Mumbai and two in Ahmedabad, with 19,442 designs as of 30 June 2026. Revenue from operations was Rs 217.32 crore in FY24, Rs 351.28 crore in FY25 and Rs 538.74 crore in FY26, while profit after tax rose from Rs 8.17 crore to Rs 23.26 crore and Rs 51.80 crore. For the period ended June 2026, total income was Rs 101.45 crore and profit after tax Rs 15.02 crore, and borrowings stood at Rs 70.52 crore. The C.G. Road showroom in Ahmedabad alone contributed about 57 percent of FY26 revenue. Promoters hold 100 percent before the issue and 69.80 percent after it, and the upper band implies a market capitalisation of about Rs 912 crore.
Conclusion
The issue has opened for bidding today, 28 October 2026, offering exposure to a fast growing jewellery retailer through a mix of fresh issue and offer for sale. Investors considering the issue should weigh the valuation of about 13 to 16 times earnings, the reliance on one Ahmedabad showroom and on Gujarat, and the long inventory holding period, and read the RHP on bseindia.com before applying after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the M.K. Sons Fine Jewels IPO subscription status on Day 1?
Ans. The issue opened for bidding today, 28 October 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live numbers on BSE and NSE as the day progresses.
When does the M.K. Sons Fine Jewels IPO open and close?
Ans. The issue opened for subscription today, 28 October 2026, and will close on 30 October 2026.
What is the M.K. Sons Fine Jewels IPO price band and lot size?
Ans. The issue price band is Rs 153 to Rs 162 per share, with a lot size of 91 shares. A retail investor needs at least one lot, which is Rs 14,742 at the upper price band.
What is the issue size and structure of the M.K. Sons Fine Jewels IPO?
Ans. The issue is worth about Rs 275.40 crore, made up of a fresh issue of 1.36 crore equity shares worth about Rs 220.32 crore and an offer for sale of 34 lakh shares worth about Rs 55.08 crore by promoter Ramchand Murlidhar Raimalani.
What is the M.K. Sons Fine Jewels IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.
How do I apply for the M.K. Sons Fine Jewels IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity and price within the Rs 153 to Rs 162 band, in multiples of 91 shares, then approving the UPI mandate before the daily cut off.
When will the M.K. Sons Fine Jewels IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 2 November 2026, and the shares are tentatively scheduled to list on BSE and NSE on 4 November 2026.
What does M. K. Sons Fine Jewels Limited do?
Ans. M. K. Sons Fine Jewels Limited is a retail jewellery company selling gold, diamond and cubic zirconia jewellery through five company-operated showrooms, three in Mumbai and two in Ahmedabad.
How will M. K. Sons Fine Jewels use the IPO proceeds?
Ans. The company plans to use about Rs 152 crore for a new showroom in Maharashtra and the expansion of an existing showroom in Gujarat, Rs 30 crore to repay or prepay borrowings, and the balance for general corporate purposes.
Who are the registrar and lead manager for the M.K. Sons Fine Jewels IPO?
Ans. Bigshare Services Pvt Ltd is the registrar for the issue, and Aryaman Financial Services Ltd is the book running lead manager for the issue.
