M.K.Sons Fine Jewels Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.58x | 8,500,000 | 13,420,407 | ₹138 Cr |
| NII (HNI) | 13.84x | 2,550,000 | 35,279,517 | ₹41 Cr |
| Retail | 2.99x | 5,950,000 | 17,782,401 | ₹96 Cr |
| Σ Total | 3.91x | 17,000,000 | 66,482,325 | ₹275 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 91 | ₹14,742 |
| Retail (Max) | 13 | 1,183 | ₹191,646 |
| S-HNI (Min) | 14 | 1,274 | ₹206,388 |
| B-HNI (Min) | 67 | 6,097 | ₹987,714 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|---|
| Revenue | 101 | 539 | 351 |
| EBITDA | 23 | 83 | 39 |
| Profit After Tax | 15 | 52 | 23 |
| Net Worth | 183 | 168 | 116 |
| Total Assets | 306 | 283 | 220 |
| Reserves & Surplus | 140 | 125 | 108 |
| Total Borrowing | 71 | 68 | 69 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding expenditure towards setting up of 1 new showroom in Maharashtra (“New Showroom”) and expansion of existing showroom in Gujarat (“Expansion”) – 152.84
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company – 30.00
- General Corporate Purposes –
Company Overview
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
- 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