Summary of this article
M.K. Sons Fine Jewels shares listed on NSE and BSE today.
Investors saw strong demand with five times total subscription.
Fresh proceeds will fund new retail showrooms in Maharashtra.
Shares of M.K. Sons Fine Jewels made their debut in the stock market on November 4, 2026, with a decent premium over the upper end of the price band.
On the BSE, the shares made their listing at Rs 171.6 apiece, with a premium of 5.92 per cent above the upper end of the price band of Rs 162. On the NSE, the stock made its debut at Rs 171 apiece, with a premium of 5.55 per cent over the issue price.
M.K. Sons Fine Jewels IPO: Listing Day Gains
Applicants who were successfully allotted a minimum of one lot or 91 shares would have made gains of around Rs 873.6 [(Rs 171.6- Rs 162) x 91] after the stock listed on the exchanges. The company's market capitalisation stood at Rs 952.16 crore after listing, and 8.21 lakh shares of the company changed hands.
M.K. Sons Fine Jewels IPO: Offer Size
The initial public offering (IPO) was a book-built issue worth Rs 275.40 crore. The issue was a combination of a fresh issue of 13.6 million shares aggregating to Rs 220.32 crore and an offer for sale (OFS) of 3.4 million shares amounting to Rs 55.08 crore.
The price band for the public issue was fixed at Rs 153 to 162 per share. The minimum lot size for retail investors was fixed at 91 shares, aggregating to an investment of Rs 14,742 at the upper price band.
M.K. Sons Fine Jewels IPO: Subscription
According to the BSE website the IPO saw solid demand and was oversubscribed 5.09 times during its subscription period from October 28 to 30, 2026. Non-institutional investors (NIIs) booked their quota in the IPO 14.12 times. Retail individual investors (RIIs) booked their quota 3.08 times and the qualified institutional buyer (QIB) quota was subscribed 1.84 times.
M.K. Sons Fine Jewels: Promoters and Business
M.K. Sons Fine Jewels caters to bridal, festive, daily wear, and premium jewellery customers with BIS Hallmark certified products. The company has a regional presence with showrooms in Mumbai and Ahmedabad. The company's promoters are Ramchand Murlidhar Raimalani, Neelam Ramchand Raimalani, and Kush Ramchand Raimalani.
M.K. Sons Fine Jewels Competitors
M.K. Sons Fine Jewels operates within the Indian jewellery sector. According to the company's Red Herring Prospectus (RHP), its key listed peers in the market include Senco Gold, Tribhovandas Bhimji Zaveri, Motisons Jewellers, and PNGS Reva Diamond Jewellery.
M.K. Sons Fine Jewels IPO: Objective
The company plans to use the net proceeds from the fresh issue to fund expenditure towards setting up one new showroom in Maharashtra and the expansion of an existing showroom in Gujarat, estimated at Rs 152.84 crore. Additionally, funds will be used for the repayment or prepayment of certain borrowings.
