M. K. SONS FINE JEWELS LIMITED

28 Oct 2026 - 30 Oct 2026 Main Board BSE NSE

Min Investment

₹14,742.00

Price Band

₹153-₹162

Issue Size

₹192.78 Cr

Lot Size

91 (per lot)

IPO Dates
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28 Oct 2026

Open Date

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30 Oct 2026

Close Date

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02 Nov 2026

Allotment Date

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04 Nov 2026

Listing Date

Know Before Investing

Strengths icon

  • Established physical retail footprint with an exclusive experience lounge.
  • Diverse portfolio of over 19,442 gold, diamond, and platinum SKUs.
  • Strategic operational focus on high-demand western Indian markets.
  • Dedicated in-house design team for trend-focused, customizable collections.
  • Expanding store network driven by strategic inventory deployment.

Weaknesses icon

  • Revenue generation is heavily concentrated in Gujarat showrooms.
  • Entirely reliant on third-party manufacturers without long-term contracts.
  • Profitability is vulnerable to gold and diamond price volatility.
  • Historical track record of negative operating net cash flows.
  • High working capital requirements to maintain optimal showroom inventory.

About M. K. Sons Fine Jewels Limited

M.K. Sons Fine Jewels operates in the gems and jewellery sector, retailing a diverse portfolio of over 19,442 stock-keeping units that includes gold, diamond-studded, coloured stone, platinum, and silver jewellery. The company generates all revenue through direct sales from a retail network of five physical showrooms across Gujarat and Maharashtra. While it does not manufacture products internally, the business relies on an in-house design team to conceptualize new collections, alongside procuring finished articles from external suppliers. Third-party manufacturers and skilled karigars execute production and customization under job-work arrangements. Formed after acquiring the proprietary business of M. K. Sons Jewellers in 2025, the company caters directly to retail customers. To enhance the buying experience, it maintains an exclusive experience lounge tailored for showcasing premium, high-end jewellery to discerning clients.

IPO Objectives

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 our Company; and

3. General Corporate Purposes

Company Promoters

Kush Ramchand Raimalani

Neelam Ramchand Raimalani

Ramchand Murlidhar Raimalani

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 1.84
Non-Institutional Buyers 14.12
Retail Investors 3.08
Total 19.04
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