Mumbai, Maharashtra, 24th of October, 2026 : M.K. Sons Fine Jewels Limited, a company that has established its presence in the retail gold and diamond jewellery market, is set to enter the capital markets. The company has announced its Initial Public Offering (IPO), which will open for subscription on Wednesday, October 28, 2026. The price band has been fixed at ₹153–₹162 per equity share, with a face value of ₹10 per share. Through the IPO, the company plans to raise capital to support business expansion, meet inventory requirements and repay debt.
The IPO comprises a total of 1.70 crore equity shares, including a fresh issue of 1.36 crore equity shares and an Offer for Sale (OFS) of 34 lakh equity shares by promoter shareholder Ramchand Murlidhar Raymalani. The proceeds from the fresh issue will go to the company, while the proceeds from the OFS will be received by the selling shareholder.
Bidding for anchor investors will open on October 27. The subscription window for other investors will open on October 28 and close on October 30, 2026. Investors can bid for a minimum of 91 equity shares and in multiples of 91 shares thereafter.
Founded in 2012, M.K. Sons Fine Jewels is a retail-focused company engaged in selling gold, diamond and cubic zirconia (CZ) jewellery through its showrooms. The company currently operates three showrooms in Mumbai and two in Ahmedabad. As of June 30, 2026, the combined operational area of these five showrooms stood at 6,513 square feet.
During this period, the company’s profit after tax increased from ₹81.65 million in FY2024 to ₹517.99 million in FY2026. The company reported a compound annual growth rate (CAGR) of 151.87% in profit after tax during this period. These figures indicate significant business growth. However, investors should independently assess the company’s financial position, valuation, debt profile and future prospects before making an investment decision.
The net proceeds from the IPO will be utilised to open a new showroom in Maharashtra and meet inventory costs associated with the expansion of existing showrooms in Gujarat. The company also intends to use a portion of the proceeds for the full or partial repayment or prepayment of certain borrowings, along with general corporate purposes.
The company’s shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited (NSE). NSE has been designated as the appointed stock exchange for the IPO. Aryaman Financial Services Limited is the sole Book Running Lead Manager for the issue, while Bigshare Services Private Limited is acting as the registrar.
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