Mumbai, October 23, 2026: M. K. Sons Fine Jewels Limited has announced that its initial public offering (IPO) will open for subscription on Wednesday, October 28, and close on Friday, October 30, 2026. The company has fixed the price band at ₹153 to ₹162 per equity share, with a face value of ₹10 each.
The IPO will comprise a fresh issue of 1.36 crore equity shares and an offer for sale (OFS) of 34 lakh shares by promoter selling shareholder Ramchand Murlidhar Raimalani. Anchor investor bidding is scheduled for October 27.
Investors can bid for a minimum of 91 shares and in multiples of 91 shares thereafter. At the upper price band, the minimum investment for a retail application will be ₹14,742.
Founded in 2012, M. K. Sons Fine Jewels is a retail-focused jewellery company offering gold, diamond and cubic zirconia (CZ) jewellery. As of June 30, 2026, it operated five showrooms—three in Mumbai and two in Ahmedabad—with a combined operational area of 6,513 square feet. Its portfolio includes more than 19,442 stock-keeping units (SKUs), with prices starting at approximately ₹11,000.
The company’s revenue rose from ₹217.32 crore in FY24 to ₹538.74 crore in FY26, registering a compound annual growth rate (CAGR) of 57.45%. Profit after tax increased from ₹8.17 crore to ₹51.80 crore during the same period.
Proceeds from the fresh issue will support inventory requirements for a new showroom in Maharashtra and the expansion of an existing showroom in Gujarat, besides debt repayment and general corporate purposes.
The equity shares are proposed to be listed on the BSE and NSE, with NSE designated as the lead exchange. Aryaman Financial Services Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar.