M.K.Sons Fine Jewels IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 28 to Oct 30 2026
Price Band
₹153 - 162
Current GMP
₹171.0 (+5.56%)
Subscription
5.09 times
IPO Details
| IPO Date | 28 to 30 Oct, 2026 |
| Listing Date | Wed, Nov 4, 2026 |
| Face Value | 10 per share |
| Price Band | 153 to 162 |
| Issue Price | 162 per share |
| Lot Size | 91 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,70,00,000 shares (agg. up to ₹ 275.40 Cr) |
| Fresh Issue | 1,36,00,000 shares (agg. up to ₹ 220.32 Cr) |
| Offer for Sale | 34,00,000 shares of ₹ 10 (agg. up to ₹ 55.08 Cr) |
| Share Holding Pre Issue | 4,26,90,760 shares |
| Share Holding Post Issue | 5,62,90,760 shares |
| BSE Script Code / NSE Symbol | 545017 / MKJEWELS |
| ISIN | INE2IXO01012 |
IPO Date
28 to 30 Oct, 2026
Listing Date
Wed, Nov 4, 2026
Face Value
10 per share
Price Band
153 to 162
Issue Price
162 per share
Lot Size
91 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
1,70,00,000 shares (agg. up to ₹ 275.40 Cr)
Fresh Issue
1,36,00,000 shares (agg. up to ₹ 220.32 Cr)
Offer for Sale
34,00,000 shares of ₹ 10 (agg. up to ₹ 55.08 Cr)
Share Holding Pre Issue
4,26,90,760 shares
Share Holding Post Issue
5,62,90,760 shares
BSE Script Code / NSE Symbol
545017 / MKJEWELS
ISIN
INE2IXO01012
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 1.84 |
| NII | 14.12 |
| bNII (> ₹10L) | 15.33 |
| sNII (< ₹10L) | 11.70 |
| Retail | 3.08 |
| Total ** | 5.09 |
Anchor
1
QIB (Ex Anchor)
1.84
NII
14.12
bNII (> ₹10L)
15.33
sNII (< ₹10L)
11.70
Retail
3.08
Total **
5.09
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Oct 2 8 (Day 1) | 0.96 | 1.19 | 1.72 | 0.14 | 0.23 | 0.65 |
| Oct 2 9 (Day 2) | 0.99 | 2.20 | 2.52 | 1.56 | 0.85 | 1.18 |
| Oct 3 0 (Day 3) | 1.84 | 14.12 | 15.33 | 11.70 | 3.08 | 5.09 |
DayOct 2
8 (Day 1)
QIB (Ex Anchor)0.96
NII1.19
NII (> ₹10L)1.72
NII (< ₹10L)0.14
Retail0.23
Total0.65
DayOct 2
9 (Day 2)
QIB (Ex Anchor)0.99
NII2.20
NII (> ₹10L)2.52
NII (< ₹10L)1.56
Retail0.85
Total1.18
DayOct 3
0 (Day 3)
QIB (Ex Anchor)1.84
NII14.12
NII (> ₹10L)15.33
NII (< ₹10L)11.70
Retail3.08
Total5.09
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 04-11-2026 | 162 | 11.5 (7.10%) | 173.5 |
| 03-11-2026 | 162 | 10 (6.17%) | 172 |
| 02-11-2026 | 162 | 6.5 (4.01%) | 168.5 |
| 01-11-2026 | 162 | 5.5 (3.40%) | 167.5 |
| 31-10-2026 | 162 | 5.5 (3.40%) | 167.5 |
| 30-10-2026 | 162 | 6 (3.70%) | 168 |
| 29-10-2026 | 162 | 12.5 (7.72%) | 174.5 |
| 28-10-2026 | 162 | 15 (9.26%) | 177 |
| 27-10-2026 | 162 | 10 (6.17%) | 172 |
| 26-10-2026 | 162 | 8 (4.94%) | 170 |
| 25-10-2026 | 162 | 7 (4.32%) | 169 |
| 24-10-2026 | 162 | 7 (4.32%) | 169 |
GMP Date04-11-2026
IPO Price162
GMP11.5 (7.10%)
Est. Listing Price173.5
GMP Date03-11-2026
IPO Price162
GMP10 (6.17%)
Est. Listing Price172
GMP Date02-11-2026
IPO Price162
GMP6.5 (4.01%)
Est. Listing Price168.5
GMP Date01-11-2026
IPO Price162
GMP5.5 (3.40%)
Est. Listing Price167.5
GMP Date31-10-2026
IPO Price162
GMP5.5 (3.40%)
Est. Listing Price167.5
GMP Date30-10-2026
IPO Price162
GMP6 (3.70%)
Est. Listing Price168
GMP Date29-10-2026
IPO Price162
GMP12.5 (7.72%)
Est. Listing Price174.5
GMP Date28-10-2026
IPO Price162
GMP15 (9.26%)
Est. Listing Price177
GMP Date27-10-2026
IPO Price162
GMP10 (6.17%)
Est. Listing Price172
GMP Date26-10-2026
IPO Price162
GMP8 (4.94%)
Est. Listing Price170
GMP Date25-10-2026
IPO Price162
GMP7 (4.32%)
Est. Listing Price169
GMP Date24-10-2026
IPO Price162
GMP7 (4.32%)
Est. Listing Price169
IPO Important Dates
| IPO Open | Wed, Oct 28, 2026 |
| IPO Close | Fri, Oct 30, 2026 |
| Allotment | Mon, Nov 2, 2026 |
| Refund | Tue, Nov 3, 2026 |
| Credit of Shares | Tue, Nov 3, 2026 |
| Listing | Wed, Nov 4, 2026 |
IPO Open
Wed, Oct 28, 2026
IPO Close
Fri, Oct 30, 2026
Allotment
Mon, Nov 2, 2026
Refund
Tue, Nov 3, 2026
Credit of Shares
Tue, Nov 3, 2026
Listing
Wed, Nov 4, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1183 | ₹1,91,646 |
| S-HNI (Min) | 14 | 1274 | ₹2,06,388 |
| S-HNI (Max) | 67 | 6097 | ₹9,87,714 |
| B-HNI (Min) | 68 | 6188 | ₹10,02,456 |
ApplicationRetail (Min)
Lots1
Shares91
Amount₹14,742
ApplicationRetail (Max)
Lots13
Shares1183
Amount₹1,91,646
ApplicationS-HNI (Min)
Lots14
Shares1274
Amount₹2,06,388
ApplicationS-HNI (Max)
Lots67
Shares6097
Amount₹9,87,714
ApplicationB-HNI (Min)
Lots68
Shares6188
Amount₹10,02,456
Financial Information
| 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 |
Period EndedAssets
30 Jun 2026305.68
31 Mar 2026283.21
31 Mar 2025219.64
31 Mar 202495.21
Period EndedTotal Income
30 Jun 2026101.45
31 Mar 2026538.86
31 Mar 2025351.32
31 Mar 2024217.40
Period EndedProfit After Tax
30 Jun 202615.02
31 Mar 202651.80
31 Mar 202523.26
31 Mar 20248.17
Period EndedEBITDA
30 Jun 202623.42
31 Mar 202682.94
31 Mar 202538.57
31 Mar 202412.87
Period EndedNET Worth
30 Jun 2026183.04
31 Mar 2026168.01
31 Mar 2025116.21
31 Mar 202422.27
Period EndedReserves and Surplus
30 Jun 2026140.35
31 Mar 2026125.32
31 Mar 2025107.70
31 Mar 202417.79
Period EndedTotal Borrowing
30 Jun 202670.52
31 Mar 202668.44
31 Mar 202568.93
31 Mar 202438.64
Key Performance Indicator
| ROE | 8.20% |
| ROCE | 10.26% |
| Debt/Equity | 0.39 |
| RoNW | 8.20% |
| PAT Margin | 14.80% |
| EBITDA Margin | 23.09% |
| NAV | 42.88 |
| P/B (x) | 3.78 |
ROE
8.20%
ROCE
10.26%
Debt/Equity
0.39
RoNW
8.20%
PAT Margin
14.80%
EBITDA Margin
23.09%
NAV
42.88
P/B (x)
3.78
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | 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 |
Company NameM.K. Sons Fine Jewels
EPS (Basic)12.13
EPS (Diluted)12.13
NAV (₹ per share)39.36
P/E (x)
RoNW (%)30.83
P/BV Ratio
Financial statements
Company NameMotisons Jewellers
EPS (Basic)0.65
EPS (Diluted)0.65
NAV (₹ per share)5.05
P/E (x)27.78
RoNW (%)12.77
P/BV Ratio3.60
Financial statements
Company NameTribhovandas Bhimji Zaveri
EPS (Basic)30.32
EPS (Diluted)30.32
NAV (₹ per share)125.60
P/E (x)19.62
RoNW (%)24.14
P/BV Ratio4.75
Financial statements
Company NameSenco Gold
EPS (Basic)35.08
EPS (Diluted)35.06
NAV (₹ per share)153.45
P/E (x)9.55
RoNW (%)22.85
P/BV Ratio2.18
Financial statements
Company NamePNGS Reva Diamond Jewellery
EPS (Basic)28.41
EPS (Diluted)28.41
NAV (₹ per share)162.53
P/E (x)24.21
RoNW (%)12.55
P/BV Ratio4.24
Financial statements
IPO Reservation
| QIB | 85,00,000 |
| − Anchor Investor | 51,00,000 |
| − QIB (Ex. Anchor) | 34,00,000 |
| NII (HNI) | 25,50,000 |
| − bNII > ₹10L | 17,00,000 |
| − sNII < ₹10L | 8,50,000 |
| Retail | 59,50,000 |
| Total | 1,70,00,000 |
QIB
85,00,000
− Anchor Investor
51,00,000
− QIB (Ex. Anchor)
34,00,000
NII (HNI)
25,50,000
− bNII > ₹10L
17,00,000
− sNII < ₹10L
8,50,000
Retail
59,50,000
Total
1,70,00,000
Information about company
Incorporated in 2012, M. K. Sons Fine Jewels Ltd. is engaged in the retail sale of gold, diamond, and CZ jewellery through its showroom network across Mumbai and Ahmedabad.
The company offers rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery, and customised jewellery under multiple collections such as Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere, and One & Only.
The company operates 5 retail showrooms across Maharashtra and Gujarat in high-footfall locations including 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 on June 30, 2026, the company offered more than 19,442 SKUs, including over 14,582 gold jewellery designs and 4,860 diamond and precious stone jewellery designs.
The company caters to bridal, festive, daily wear, and premium jewellery customers with BIS Hallmark-certified jewellery products.
As on September 30, 2026 the company had 148 permanent employees.
Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”)
2: Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company
3: General Corporate Purposes
4: Issue Expenses
: Total
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App