M.K. Sons Fine Jewels shares list at 6% premium over IPO price

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The Economic Times daily newspaper is available online now. Read Today's Paper M.K. Sons Fine Jewels shares list at 6% premium over IPO priceBy Ritesh Presswala, ETMarkets.comLast Updated: Nov 04, 2026, 09:56:00 AM ISTSynopsis

M.K. Sons Fine Jewels made its stock market debut at a 6% premium over its IPO price. The company raised Rs 275.40 crore through its initial public offering, which saw high investor interest. Shares opened at Rs 171 compared to the issue price of Rs 162, indicating strong demand. The company's financial performance showed significant growth, with income rising to Rs 539 crore in FY26.

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Loading...×Shares of M.K. Sons Fine Jewels made their debut on the BSE and NSE on Wednesday, listing at 6% premium over IPO price. The stock opened at Rs 171 on BSE and NSE as compared to its issue price of Rs 162.

The Rs 275.40-crore IPO was a book-built issue comprising a fresh issue of 1.36 crore shares worth Rs 220.32 crore and an offer for sale (OFS) of 34 lakh shares aggregating to Rs 55.08 crore. The company fixed the price band at Rs 153–162 per share, with a lot size of 91 shares. Retail investors applying at the upper end of the price band had to invest at least Rs 14,742 for one lot.

The public issue opened for subscription on October 28, 2026, and closed on October 30, 2026, receiving an overall subscription of 5.09 times. The retail investor portion was subscribed 3.08 times, while the non-institutional investor (NII) category saw 14.12 times subscription. The qualified institutional buyers (QIB) segment was subscribed 1.84 times.

The company's shares are scheduled to list on the BSE and NSE on November 4, 2026. Ahead of the IPO, M.K. Sons Fine Jewels raised Rs 82.62 crore from anchor investors on October 27, 2026.

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Aryaman Financial Services Ltd. is the book-running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar.

M.K. Sons Fine Jewels IPO GMP today

The grey market premium (GMP) for M.K. Sons Fine Jewels IPO stands at Rs 10, or around 6%, over the upper price band of Rs 162 per share. This indicates an estimated listing price of Rs 172 per share.

Financial Performance

M.K. Sons Fine Jewels Ltd.'s total income increased 53% year-on-year to Rs 539 crore in FY26 from Rs 351 crore in FY25. Profit after tax (PAT) more than doubled, rising 123% to Rs 52 crore from Rs 23 crore during the same period.

About M.K.Sons Fine Jewels

Incorporated in 2012, M.K. Sons Fine Jewels Ltd. is engaged in the retail sale of gold, diamond and CZ jewellery through five showrooms across Maharashtra and Gujarat, located in high-footfall areas such as Bandra, Andheri, Zaveri Bazaar, C.G. Road and Sindhu Bhavan Road. Its product portfolio includes rings, necklaces, bangles, earrings, bracelets, mangalsutras, solitaires, bridal and customised jewellery, offered under collections such as Pavitra, Rivaaz, Sitaare, NAQSH, Sunhere and One & Only. The company procures finished jewellery from third-party vendors across Western India and caters to bridal, festive, daily-wear and premium customer segments.

As of June 30, 2026, the company offered more than 19,442 SKUs, comprising over 14,582 gold jewellery designs and 4,860 diamond and precious stone jewellery designs. Its business model focuses on customer-centric collections, customised offerings and designs across multiple price points, with products carrying BIS Hallmark certification. As of September 30, 2026, the company had 148 permanent employees.

Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
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