MK Sons Fine Jewels opens Rs275 crore IPO on October 28
Indian jewellery retailer MK Sons Fine Jewels has set its IPO price range, with subscription running October 28 to 30. Per Moody's report.
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what happened
Indian jewellery retailer MK Sons Fine Jewels Ltd has set its offer range at Rs153 to Rs162 per share for an initial public offering worth Rs275.4 crore, according to Moody's. Subscription opens on October 28 and closes on October 30, with anchor investors bidding on October 27.
The deal combines a fresh issue of up to 1.36 crore equity shares with a sale of up to 34 lakh shares by promoter Ramchand Murlidhar Raimalani. The shares are slated for listing on the BSE and NSE. The company will direct new capital toward a showroom in Maharashtra, an expansion of a Gujarat outlet and partial loan repayment, while promoter sale proceeds go to the seller.
Founded in 2012, the company designs, manufactures and sells gold, diamond and cubic zirconia jewellery through five showrooms in Mumbai and Ahmedabad. In FY26 it posted a profit after tax of Rs52 crore on revenue of Rs539 crore. Aryaman Financial Services is the sole lead manager and Bigshare Services is the registrar.
why it matters
An offering of this size has limited effect on broader markets, but it signals investor appetite for new Indian listings and demand for jewellery in the retail segment. Investors will likely weigh the valuation at the offer price against expansion plans and sector risks.
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sources
- Upcoming IPO: MK Sons Fine Jewels' Rs.275 cr opening next week - Company profile, key dates, share price band and more — Moody's, 25 October 2026 at 00:18 UTC
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