Upcoming IPO: MK Sons Fine Jewels’ ₹275 cr opening next week – Company profile, key dates, share price band and more
MK Sons Fine Jewels Ltd has fixed a price band of ₹153 to ₹162 per share for its upcoming initial public offering (IPO) worth ₹275.4 crore. The public issue will open for subscription on October 28 and close on October 30, the jewellery retailer said.
The bidding for anchor investors will take place on October 27, a day before the issue opens for retail and other investors.
The proposed IPO comprises a fresh issue of up to 1.36 crore equity shares and an offer for sale (OFS) of up to 34 lakh equity shares by promoter Ramchand Murlidhar Raimalani, according to a company statement.
The company's shares are proposed to be listed on the BSE and the National Stock Exchange of India (NSE).
MK Sons Fine Jewels plans to utilise the proceeds from the fresh issue for expanding its retail presence and strengthening its financial position.
A portion of the funds will be used to establish a new showroom in Maharashtra and expand an existing showroom in Gujarat. The company also intends to use the proceeds to repay or prepay certain borrowings and meet general corporate requirements.
The fresh issue will bring additional capital into the business, while the offer-for-sale component will allow the promoter to sell part of his existing shareholding. Proceeds from the OFS will go to the selling shareholder rather than the company.
The IPO is part of the jewellery retailer's plans to expand its operations and support its business requirements.
Incorporated in 2012, MK Sons Fine Jewels is engaged in designing, manufacturing and retailing fine jewellery. Its product portfolio includes gold, diamond and cubic zirconia (CZ) jewellery sold through company-owned showrooms.
The company offers more than 19,442 stock-keeping units (SKUs), covering a range of jewellery designs and price points. Its pricing strategy caters to a broad customer base, with products starting at approximately ₹11,000 and extending to premium, high-value jewellery.
The retailer operates five showrooms across Mumbai and Ahmedabad, offering contemporary designs as well as bridal jewellery collections.
Its product range and retail network form the foundation of its business as it seeks to expand its presence through the proposed public offering.
On the financial front, MK Sons Fine Jewels reported a profit after tax of ₹52 crore and revenue from operations of ₹539 crore in the financial year 2025-26 (FY26).
The financial performance provides investors with an overview of the company's earnings and operating scale ahead of its stock market debut.
However, prospective investors will also need to assess the company's valuation at the proposed IPO price, its financial position, growth prospects and risks associated with the jewellery retail business before making an investment decision.
Aryaman Financial Services appointed lead manager
Aryaman Financial Services is the sole book-running lead manager for the public issue, while Bigshare Services has been appointed registrar.
For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories from around the world, helping our readers to stay informed on the latest developments around the globe. Our Coverage Areas 1. Companies: Comprehensive news and analysis on listed and unlisted companies, corporate announcements, corporate chatter, C-suite, business trends, hiring alerts, layoffs, work-life balance, world's top billionaires and richest and more. 2. Personal finance: Insights into mutual funds, small savings schemes like - PPF, SSY, post office savings scheme, stock to watch, personal loans, credit cards, top bank FDs, real estate, income tax and more. 3. Politics: Comprehensive coverage of general elections, state elections and bypolls, Lok Sabha, Vidhan Sabha, Parliament, PMO, PIB, finance ministry, home ministry, among other union ministries and government departments. 4. National News: From metro cities like Delhi, Mumbai, and e to untapped stories from rural India, we cover human interest, health, education, crime and courts, and law and order, among other areas of public interest. 5. Economy: In-depth analysis of India's macro and micro-economic indicators like- GDP, inflation, forex, fiscal deficit, current account deficit, interest rate cycle, economic recovery, RBI circulars, indirect taxes, GST, Insolvency and Bankruptcy imports, exports and everything that impacts Indian economy. 6. Geopolitics: Well-rounded and deeply researched coverage on US News, Oval Office European Union, Ukraine Russia War, middle-east crisis, royal families and global leaders like - Donald Trump, Vladimir Putin, Kim Jong Un, Xi Jinping and premiers of other leading economies in the world. Meet the Team 1. Gulam Jeelani, Political Affairs Editor 2. Sugam Singhal, Senior Assistant Editor 3. Chanchal, Assistant Editor 4. Sanchari Ghosh, Chief Content Producer 5. Pratik Prashant Mukane, Chief Content Producer 6. Sayantani Biswas, Chief Content Producer 7. Ravi Hari, Deputy Chief Content Producer 8. Garvit Bhirani, Deputy Chief Content Producer 9. Akriti Anand, Senior Content Producer 10. Jocelyn Felix Fernandes, Senior Content Producer 11. Swastika Das Sharma, Content Producer 12. Mausam Jha, Content Producer 13. Riya R Alex, Trainee Content Producer
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeMarketsIPOUpcoming IPO: MK Sons Fine Jewels’ ₹275 cr opening next week – Company profile, key dates, share price band and more
✕
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.