M. K. Sons Fine Jewels Limited’s IPO to open on Oct 28

Mumbai: M. K. Sons Fine Jewels Limited (‘Company’ or ‘MK Sons’) announced its initial public offering of Equity Shares (IPO). Details: The Offer comprises a Fresh Issue of 13,600,000 Equity Shares and an Offer for Sale of 3,400,000 Equity Shares by the Promoter Selling Shareholder, viz., Ramchand Murlidhar Raimalani.

M. K. Sons Fine Jewels Limited is a retail-focused jewellery company engaged in the marketing and sale of a wide range of gold, diamond and Cubic Zirconia (CZ) jewellery through its own chain of retail showrooms since 2012. The company currently operates three showrooms in Mumbai and two showrooms in Ahmedabad. The total operational area of five showrooms is 6,513 square feet as of June 30, 2026, a press release said.

As per the company, the Net Proceeds are proposed to be utilised to fund inventory costs towards setting up one new showroom in Maharashtra and expansion of an existing showroom in Gujarat, repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company, and General Corporate Purposes.

The Company offers a diversified jewellery portfolio comprising more than 19,442 Stock Keeping Units (SKUs). The pricing strategy is designed to cater to a broad customer base, with jewellery offerings starting from approximately 11,000 and extending to high-value premium jewellery.

The Company’s revenue has grown from ₹2,173.23 million in Fiscal 2024 to ₹5,387.36 million in Fiscal 2026, with a CAGR of 57.45%. The PAT increased from ₹81.65 million in Fiscal 2024 to ₹517.99 million in Fiscal 2026, with a CAGR of 151.87%.

The Equity Shares that will be offered through this Red Herring Prospectus are proposed to be listed on the stock exchanges, being BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, the Designated Stock Exchange shall be NSE.

Aryaman Financial Services Limited is the sole Book Running Lead Manager to the Offer, and Bigshare Services Private Limited is the Registrar.