M.K.Sons Fine Jewels IPO
M.K.Sons Fine Jewels IPO is a mainboard IPO raising ₹275 Cr at ₹153 – ₹162 a share. The smallest application you can make is 91 shares, costing ₹14,742 at the top of the band. Bidding closes on 30 Oct 2026 and the shares list on 4 Nov 2026.
The exchanges never published a subscription figure for this issue.
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs162. Checked: exchange issue size Rs275 Cr vs derived Rs275.4 Cr (0.1% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 39% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Motisons Jewellers Limited | 27.78× | 12.77% | ₹0.65 |
| Tribhovandas Bhimji Zaveri Limited | 19.62× | 24.14% | ₹30.32 |
| Senco Gold Limited | 9.55× | 22.85% | ₹35.06 |
| PNGS Reva Diamond Jewellery Limited | 24.21× | 12.55% | ₹28.41 |
| This issue | 13.4× | 30.83% | ₹12.13 |
derived: cut-off price Rs162 / stated EPS Rs12.13 (FY2026 (year ended March 31, 2026) diluted EPS, restated). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.