M. K. Sons Fine Jewels Ltd IPO
Status: Upcoming
Overview
IPO date
28 Oct 2026 to 30 Oct 2026
Face value
₹ 10 per share
Price
₹ 153 to ₹162 per share
Issue Size
17,000,000 shares
(aggregating up to ₹ 275.4 Cr)
(aggregating up to ₹ 275.4 Cr)
Allotment Date
02 Nov 2026
Listing at
NSE
Issue type
Book Building
Sector
Diamond, Gems and Jewellery
Unlock Stock of the Month
T&C*
Strengths vs Risks of M. K. Sons Fine Jewels Ltd
Know the pros & cons
Strengths
- Our multi-collection jewellery portfolio enables us to address varied consumer segments.
- Targeted marketing and promotion activities enabling increasing brand recall.
- Founder led company supported by professional management and leadership team.
- Commitment to quality and customer satisfaction.
- Strong Financial Results.
Risks
- A significant portion of our revenue comes from our showrooms in Gujarat, where our operations are heavily focused. In three-month period ended June 30, 2026 and Fiscal 2026, 2025 and 2024, our revenue from our Ahmedabad showrooms stood at Rs. 694.79 million, Rs. 3,661.58 million, Rs. 2,710.97 million and Rs. 1,625.36 million contributing to 68.49%, 67.97%, 77.17% and 74.79% of our total revenue from operations of the Company. If this region or the showrooms in Gujarat face any negative developments, it could harm our business performance, growth potential, financial health, and overall profitability.
- The Objects of the Offer for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- All of our revenue is derived from direct sales through our physical showrooms, and any adverse developments impacting these operations could negatively affect our revenue and results of operations.
- We have entered into related party transactions in the past and may continue to do so in the future, which may potentially involve conflicts of interest with other shareholders.
- Volatility in the prices and availability of gold, diamonds and other raw materials, along with dependence on third-party manufacturers for procurement, may adversely affect our business, results of operations, financial condition, cash flows and prospects
- We rely entirely on third party product manufacturers and Karigars for production and manufacturing of our products, none of whom work exclusively for us, exposing us to supply disruptions, quality risks and confidentiality concerns which may adversely affect our business, results of operations and financial condition.
- Our business is exposed to risks of fraud, theft, employee misconduct or negligence, and any failure to prevent or detect such incidents may materially and adversely affect our business, results of operations, cash flows and financial condition
- Our Company has experienced negative net cash flow from operating activities in the past Fiscals and may continue to do so in future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
- Our business depends on adequate working capital to support our continued growth. If we are unable to maintain the working capital requirements, on favorable terms, it may harm our operations, financial stability, and profitability.
- All of our registered office, corporate offices and our showrooms are operated on premises which are taken on leave and license basis by our Company and any issues related to leave and license agreements renewal, unfavorable leave and license agreement terms, non-registration and inadequate stamping of agreements or property title disputes could negatively impact our business operations and financial performance.
- Our Statutory Auditors had included certain qualification in their examination report in the past.
- Our ability to access capital depends on our credit ratings. Non availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business and results of operations.
- We operate in a high-value commodity sector and there are certain security risks associated with the transit and delivery of gold jewellery, including potential loss or theft.
- Our jewellery designs are not registered under the Designs Act, 2000, which may limit our ability to safeguard them from unauthorized replication or defend against intellectual property claims, potentially adversely impacting our business, financial condition, results of operations, cash flow, prospects and reputation.
- Our insurance policies may not adequately cover us against certain risks and hazards, which may have an adverse effect on our business, results of operations and financial condition.
- Our ability to introduce new designs and update our collections in line with evolving customer preferences is critical to our business success. If we fail to anticipate or respond effectively to changing trends, our business prospects, results of operations, and cash flows could be adversely affected.
- We have availed unsecured loans from our promoters, directors and related parties. These loans may be recalled by the lenders at any time and we may not have adequate funds to make timely payment.
- Our revenue is influenced by seasonal trends and any dip in earnings during peak periods could disproportionately affect our overall performance.
- Our operating margins are susceptible to fluctuations in our product mix, and a higher contribution from lower-margin gold jewellery relative to higher-margin diamond jewellery may materially and adversely affect our profitability and financial performance.
- Our ability to sustain revenue growth and profitability is dependent on converting existing customers into repeat customers and acquiring new customers in a cost-effective manner. If we fail to achieve this, our business, financial condition, results of operations, and cash flows could be adversely affected.
- Successful operations of our New Showroom are dependent on a number of factors. Our inability to successfully establish and operate our New Showroom may adversely affect our business, financial condition and results of operation
- As of three months period ended June 30, 2026, Fiscals 2026, 2025 and 2024, our inventories were Rs. 2,752.26 million, Rs. 2,564.29 million, Rs. 2,056.96 million and Rs. 874.81 million, respectively. Our inability to maintain an optimal level of inventory in our showrooms may impact our operations adversely. Any delay on our supplier's part may adversely impact our inventory levels.
- Any actual or perceived compromise in customer safety at our showrooms or issues relating to the quality of our products may adversely affect our reputation, brand, and financial performance.
- Our growth and profitability are dependent on our ability to remain competitive in a fragmented physical retail market, and any inability to do so may adversely affect our financial condition, results of operations and future growth prospects.
- Our inability to effectively market our products could affect consumer footfall and consequently adversely impact our business, financial condition, cash flows and results of operations.
- Absence of standardized pricing for precious and semi-precious stones may adversely impact our cost structure and profit margins.
- We could face customer complaints or negative publicity about our customer service. This could materially and adversely affect our reputation, results of operations and financial condition.
- Our Group Company, Spicy Sangria Hotels Private Limited, has objects similar to those of our Company, which may result in potential competition and conflicts of interest in the future and may adversely affect our business, financial condition and results of operations.
- There are certain outstanding legal proceeding involving our Company, Promoters, Directors, Key Managerial Personnel, Senior Management. Any adverse outcome in such proceeding may have an adverse impact on our reputation, business, results of operations, cash flows and financial condition.
- Growing popularity and increased availability of lab-grown or synthetic diamonds may adversely affect demand for natural diamonds and gemstones and could materially impact our business, financial condition and results of operations.
- We are dependent on third-party suppliers and external manufacturers for a portion of our jewellery designs and finished products, and any disruption in such arrangements could adversely affect our business, financial condition and results of operations.
- Our business operates in a competitive environment, and our inability to effectively compete could negatively impact our operations, financial performance, cash flows, and overall financial health. The Indian jewellery market is characterized by intense rivalry among both domestic and international players, with competition spanning pricing, product diversity, quality, and marketing strategies.
- Our Promoters, Promoter Group, Directors, Key Managerial Personnel, Senior Management of our Company may enter into ventures that may lead to real or potential conflicts of interest with our business. Further, our Promoters and Directors have interests in our Company other than reimbursement of expenses incurred or normal remuneration or benefits. Any real or potential conflicts of interest that may arise in this regard may materially adversely impact our business, financial condition, results of operations and cash flows.
- One of the Promoters namely Neelam Raimalani, has, in the past, been subject to an adjudication order passed by the Securities and Exchange Board of India imposing a monetary penalty for violation of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. Any similar regulatory action against our Promoter or members of our Promoter Group in the future may adversely affect our reputation and the perception of investors regarding our Company.
- Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on our financial condition.
- We require certain approvals, permits and licenses in the ordinary course of business, and any failure or delay to obtain or renew them or to comply with their conditions in the future may adversely affect our operations.
- Our operations are dependent on our ability to attract and retain qualified personnel, including our Promoters, Directors, Key Managerial Personnel and Senior Management and any inability on our part to do so, could adversely affect our business, results of operations and financial condition.
- Our operations could be adversely affected by strikes or increased wage demands by our employees or any other kind of disputes with our employees.
- Our inability to protect or use our intellectual property rights may adversely affect our business. We may also unintentionally infringe upon the intellectual property rights of others, any misappropriation of which could harm our competitive position.
- We have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
- Our Promoters and Directors have extended personal guarantees with respect to loan facilities availed by our Company. Revocation of any or all of these personal guarantees may adversely affect our business operations and financial condition.
- Our contingent liabilities could materially and adversely affect our business, results of operations and financial condition.
- Our Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder is selling Equity Shares in the Offer for Sale and will receive proceeds as part of the Offer for Sale.
- Jewellery purchases are discretionary and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect our business, results of operations, financial condition and prospects.
- If we fail to retain existing customers, we may not be able to sustain our revenue base and margins, which would have a material adverse effect on our business and results of operations.
- Our business model requires us to procure and maintain inventory in advance of anticipated customer demand, including for seasonal and festive periods. Accordingly, our ability to accurately forecast demand, customer preferences, pricing trends and regional buying patterns is critical to maintaining optimal inventory levels and operational efficiency.
- We rely on borrowings from banks and financial institutions to fund our operational and inventory requirements, and any increase in interest rates or repayment pressures may adversely affect our financial condition and solvency.
- Failure to protect customer payment data or personal information collected at our retail showrooms may result in operational disruptions, regulatory action, and damage to our reputation.
- Our business is susceptible to risks arising from internal fraud, employee misconduct, or staff-related issues. Any failure to maintain strict internal controls, background verification, or ethical compliance could adversely affect our operations, reputation, and financial performance.
- Some of our Directors on our Board have no experience of being directors in any other listed entity within India, therefore, they will be able to provide limited guidance in relation to affairs of our Company post listing.
- Our business is subject to risks arising from changes in the regulatory environment applicable to the jewellery sector, and any adverse changes may impact customer demand, increase compliance costs, or otherwise adversely affect our operations.
- We cannot assure the payment of dividends on the Equity Shares in the future.
- We are subject to statutory and regulatory requirements and supervision and any non-compliance by our Company or significant change in the applicable regulatory environment or an increase in compliance costs could adversely impact our profitability and growth prospects.
- In this Red Herring Prospectus, we have included certain non-GAAP ("Generally Accepted Accounting Principles") financial measures and certain other industry measures related to our operations and financial performance. These non-GAAP measures and industry measures may vary from any standard methodology applicable across the Indian retailing industry and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.
- Extracts of industry information included in this Red Herring Prospectus has been derived from an industry report prepared by CARE Analytics and Advisory Private Limited exclusively commissioned and paid for by us exclusively in connection with the Offer. Any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- After the completion of the Offer, our Promoters along with the members of our Promoter Group will continue to collectively hold majority of the shareholding in our Company, which will allow them to influence the outcome of matters requiring shareholder approval.
M. K. Sons Fine Jewels Ltd Peer Comparison
Understand the company’s industry standing
M. K. Sons Fine Jewels Ltd
Motisons Jewellers Limited
Tribhovandas Bhimji Zaveri Limited
Face Value
10
1
10
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
538.736
489.545
3202.953
EPS-Basis
12.13
0.65
30.32
EPS-Diluted
12.13
0.65
30.32
NAV Per Share
39.36
5.05
125.6
P/E-Basic EPS
---
27.78
19.62
P/E-Diluted EPS
---
---
---
RONW(%)
30.83
12.77
24.14
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 28 Oct 2026 & closes on 30 Oct 2026.
M. K. Sons Fine Jewels Limited was incorporated as M. K. Sons Fine Jewels Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated January 12, 2012 issued by the Registrar of Companies, Mumbai. Subsequently, Company has acquired the entire running business with the assets and liabilities of M. K. Sons Jewellers, sole proprietorship concern of one of the Promoter, Ramchand Murlidhar Raimalani vide Business Succession Agreement dated March 29, 2025. Consequently, business of this proprietorship firm has merged into M. K. Sons Fine Jewels Private Limited. Company was converted to a public limited company and a fresh certificate of incorporation dated January 30, 2026 was issued by the RoC.
The Company 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. One of the Promoters, namely Ramchand Murlidhar Raimalani has been in the business of jewellery since 1999 vide proprietorship firm namely, M. K. Sons Jewellers.
The Company offers a diverse portfolio of contemporary and bridal designs with a focus on craftsmanship, design quality and customer-centric jewellery collections. We have established the presence in the retail jewellery markets of Maharashtra and Gujarat by expanding the retail footprint across Mumbai and Ahmedabad, two key commercial centres in Western India. Company currently operates three showrooms in Mumbai and two showrooms in Ahmedabad and has developed recognition as a regional jewellery brand in this market. As of December 31, 2025, product portfolio across the retail showrooms included more than 13,322 gold jewellery designs and over 4,130 designs featuring diamonds and other precious stones.
Company has filed a Draft Prospectus with SEBI & is planning the issuance aggregating to 17,000,000 Equity Shares of Rs 10 each, comprising a fresh issue of 13,600,000 Equity Shares and the Offer for sale of 3,400,000 Equity shares.
M. K. Sons Fine Jewels Ltd IPO will close on 30 Oct 2026.
- Our multi-collection jewellery portfolio enables us to address varied consumer segments.
- Targeted marketing and promotion activities enabling increasing brand recall.
- Founder led company supported by professional management and leadership team.
- Commitment to quality and customer satisfaction.
- Strong Financial Results.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ramchand Murlidhar Raimalani | 41090760 | 96.25 | 37690760 | 66.96 |
| 2 | Neelam Ramchand Raimalani | 1599500 | 3.75 | 1599500 | 2.84 |
| 3 | Kush Ramchand Raimalani | 100 | --- | 100 | --- |
| 4 | Murlidhar Murajmal Raimalani | 100 | --- | 100 | --- |
| 5 | Nitin Sajandas Manghwani | 100 | --- | 100 | --- |
| 6 | Shakuntala Sajandas Manghwani | 100 | --- | 100 | --- |
- A significant portion of our revenue comes from our showrooms in Gujarat, where our operations are heavily focused. In three-month period ended June 30, 2026 and Fiscal 2026, 2025 and 2024, our revenue from our Ahmedabad showrooms stood at Rs. 694.79 million, Rs. 3,661.58 million, Rs. 2,710.97 million and Rs. 1,625.36 million contributing to 68.49%, 67.97%, 77.17% and 74.79% of our total revenue from operations of the Company. If this region or the showrooms in Gujarat face any negative developments, it could harm our business performance, growth potential, financial health, and overall profitability.
- The Objects of the Offer for which the funds are being raised have not been appraised by any bank or financial institutions. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- All of our revenue is derived from direct sales through our physical showrooms, and any adverse developments impacting these operations could negatively affect our revenue and results of operations.
- We have entered into related party transactions in the past and may continue to do so in the future, which may potentially involve conflicts of interest with other shareholders.
- Volatility in the prices and availability of gold, diamonds and other raw materials, along with dependence on third-party manufacturers for procurement, may adversely affect our business, results of operations, financial condition, cash flows and prospects
- We rely entirely on third party product manufacturers and Karigars for production and manufacturing of our products, none of whom work exclusively for us, exposing us to supply disruptions, quality risks and confidentiality concerns which may adversely affect our business, results of operations and financial condition.
- Our business is exposed to risks of fraud, theft, employee misconduct or negligence, and any failure to prevent or detect such incidents may materially and adversely affect our business, results of operations, cash flows and financial condition
- Our Company has experienced negative net cash flow from operating activities in the past Fiscals and may continue to do so in future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.
- Our business depends on adequate working capital to support our continued growth. If we are unable to maintain the working capital requirements, on favorable terms, it may harm our operations, financial stability, and profitability.
- All of our registered office, corporate offices and our showrooms are operated on premises which are taken on leave and license basis by our Company and any issues related to leave and license agreements renewal, unfavorable leave and license agreement terms, non-registration and inadequate stamping of agreements or property title disputes could negatively impact our business operations and financial performance.
- Our Statutory Auditors had included certain qualification in their examination report in the past.
- Our ability to access capital depends on our credit ratings. Non availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business and results of operations.
- We operate in a high-value commodity sector and there are certain security risks associated with the transit and delivery of gold jewellery, including potential loss or theft.
- Our jewellery designs are not registered under the Designs Act, 2000, which may limit our ability to safeguard them from unauthorized replication or defend against intellectual property claims, potentially adversely impacting our business, financial condition, results of operations, cash flow, prospects and reputation.
- Our insurance policies may not adequately cover us against certain risks and hazards, which may have an adverse effect on our business, results of operations and financial condition.
- Our ability to introduce new designs and update our collections in line with evolving customer preferences is critical to our business success. If we fail to anticipate or respond effectively to changing trends, our business prospects, results of operations, and cash flows could be adversely affected.
- We have availed unsecured loans from our promoters, directors and related parties. These loans may be recalled by the lenders at any time and we may not have adequate funds to make timely payment.
- Our revenue is influenced by seasonal trends and any dip in earnings during peak periods could disproportionately affect our overall performance.
- Our operating margins are susceptible to fluctuations in our product mix, and a higher contribution from lower-margin gold jewellery relative to higher-margin diamond jewellery may materially and adversely affect our profitability and financial performance.
- Our ability to sustain revenue growth and profitability is dependent on converting existing customers into repeat customers and acquiring new customers in a cost-effective manner. If we fail to achieve this, our business, financial condition, results of operations, and cash flows could be adversely affected.
- Successful operations of our New Showroom are dependent on a number of factors. Our inability to successfully establish and operate our New Showroom may adversely affect our business, financial condition and results of operation
- As of three months period ended June 30, 2026, Fiscals 2026, 2025 and 2024, our inventories were Rs. 2,752.26 million, Rs. 2,564.29 million, Rs. 2,056.96 million and Rs. 874.81 million, respectively. Our inability to maintain an optimal level of inventory in our showrooms may impact our operations adversely. Any delay on our supplier's part may adversely impact our inventory levels.
- Any actual or perceived compromise in customer safety at our showrooms or issues relating to the quality of our products may adversely affect our reputation, brand, and financial performance.
- Our growth and profitability are dependent on our ability to remain competitive in a fragmented physical retail market, and any inability to do so may adversely affect our financial condition, results of operations and future growth prospects.
- Our inability to effectively market our products could affect consumer footfall and consequently adversely impact our business, financial condition, cash flows and results of operations.
- Absence of standardized pricing for precious and semi-precious stones may adversely impact our cost structure and profit margins.
- We could face customer complaints or negative publicity about our customer service. This could materially and adversely affect our reputation, results of operations and financial condition.
- Our Group Company, Spicy Sangria Hotels Private Limited, has objects similar to those of our Company, which may result in potential competition and conflicts of interest in the future and may adversely affect our business, financial condition and results of operations.
- There are certain outstanding legal proceeding involving our Company, Promoters, Directors, Key Managerial Personnel, Senior Management. Any adverse outcome in such proceeding may have an adverse impact on our reputation, business, results of operations, cash flows and financial condition.
- Growing popularity and increased availability of lab-grown or synthetic diamonds may adversely affect demand for natural diamonds and gemstones and could materially impact our business, financial condition and results of operations.
- We are dependent on third-party suppliers and external manufacturers for a portion of our jewellery designs and finished products, and any disruption in such arrangements could adversely affect our business, financial condition and results of operations.
- Our business operates in a competitive environment, and our inability to effectively compete could negatively impact our operations, financial performance, cash flows, and overall financial health. The Indian jewellery market is characterized by intense rivalry among both domestic and international players, with competition spanning pricing, product diversity, quality, and marketing strategies.
- Our Promoters, Promoter Group, Directors, Key Managerial Personnel, Senior Management of our Company may enter into ventures that may lead to real or potential conflicts of interest with our business. Further, our Promoters and Directors have interests in our Company other than reimbursement of expenses incurred or normal remuneration or benefits. Any real or potential conflicts of interest that may arise in this regard may materially adversely impact our business, financial condition, results of operations and cash flows.
- One of the Promoters namely Neelam Raimalani, has, in the past, been subject to an adjudication order passed by the Securities and Exchange Board of India imposing a monetary penalty for violation of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. Any similar regulatory action against our Promoter or members of our Promoter Group in the future may adversely affect our reputation and the perception of investors regarding our Company.
- Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on our financial condition.
- We require certain approvals, permits and licenses in the ordinary course of business, and any failure or delay to obtain or renew them or to comply with their conditions in the future may adversely affect our operations.
- Our operations are dependent on our ability to attract and retain qualified personnel, including our Promoters, Directors, Key Managerial Personnel and Senior Management and any inability on our part to do so, could adversely affect our business, results of operations and financial condition.
- Our operations could be adversely affected by strikes or increased wage demands by our employees or any other kind of disputes with our employees.
- Our inability to protect or use our intellectual property rights may adversely affect our business. We may also unintentionally infringe upon the intellectual property rights of others, any misappropriation of which could harm our competitive position.
- We have incurred indebtedness, and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
- Our Promoters and Directors have extended personal guarantees with respect to loan facilities availed by our Company. Revocation of any or all of these personal guarantees may adversely affect our business operations and financial condition.
- Our contingent liabilities could materially and adversely affect our business, results of operations and financial condition.
- Our Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholder is selling Equity Shares in the Offer for Sale and will receive proceeds as part of the Offer for Sale.
- Jewellery purchases are discretionary and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect our business, results of operations, financial condition and prospects.
- If we fail to retain existing customers, we may not be able to sustain our revenue base and margins, which would have a material adverse effect on our business and results of operations.
- Our business model requires us to procure and maintain inventory in advance of anticipated customer demand, including for seasonal and festive periods. Accordingly, our ability to accurately forecast demand, customer preferences, pricing trends and regional buying patterns is critical to maintaining optimal inventory levels and operational efficiency.
- We rely on borrowings from banks and financial institutions to fund our operational and inventory requirements, and any increase in interest rates or repayment pressures may adversely affect our financial condition and solvency.
- Failure to protect customer payment data or personal information collected at our retail showrooms may result in operational disruptions, regulatory action, and damage to our reputation.
- Our business is susceptible to risks arising from internal fraud, employee misconduct, or staff-related issues. Any failure to maintain strict internal controls, background verification, or ethical compliance could adversely affect our operations, reputation, and financial performance.
- Some of our Directors on our Board have no experience of being directors in any other listed entity within India, therefore, they will be able to provide limited guidance in relation to affairs of our Company post listing.
- Our business is subject to risks arising from changes in the regulatory environment applicable to the jewellery sector, and any adverse changes may impact customer demand, increase compliance costs, or otherwise adversely affect our operations.
- We cannot assure the payment of dividends on the Equity Shares in the future.
- We are subject to statutory and regulatory requirements and supervision and any non-compliance by our Company or significant change in the applicable regulatory environment or an increase in compliance costs could adversely impact our profitability and growth prospects.
- In this Red Herring Prospectus, we have included certain non-GAAP ("Generally Accepted Accounting Principles") financial measures and certain other industry measures related to our operations and financial performance. These non-GAAP measures and industry measures may vary from any standard methodology applicable across the Indian retailing industry and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.
- Extracts of industry information included in this Red Herring Prospectus has been derived from an industry report prepared by CARE Analytics and Advisory Private Limited exclusively commissioned and paid for by us exclusively in connection with the Offer. Any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- After the completion of the Offer, our Promoters along with the members of our Promoter Group will continue to collectively hold majority of the shareholding in our Company, which will allow them to influence the outcome of matters requiring shareholder approval.
The Issue type of M. K. Sons Fine Jewels Ltd is Book Building.
The minimum application for shares of M. K. Sons Fine Jewels Ltd is 91.
The total shares issue of M. K. Sons Fine Jewels Ltd is 17000000.
Initial public offering of up to 17,000,000 equity shares of face value of Rs. 10 each ("Equity Shares") of M. K. Sons Fine Jewels Limited ("Company" or "Issuer") for cash at a price of Rs. 153-162 per equity share (including a share premium of Rs. 143-152 per equity share) ("Offer Price") aggregating up to Rs. 260.1-275.4 Crores comprising a fresh issue of up to 13,600,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 208.08-220.32 Crores by the company ("Fresh Issue") and an offer for sale of up to 3,400,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 52.02-55.08 Crores ("Offered Shares") by Ramchand Murlidhar Raimalani ("The Promoter Selling Shareholder") ("Offer For Sale", and together with the fresh issue, the offer").
The company, in consultation with the book running lead manager, may consider a pre-ipo placement aggregating up to 2,000,000 equity shares, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the book running lead manager. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from thefresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer and allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. the utilization of the pre-ipo proceeds being discretionary in nature, if raised, shall be completely attributed adjusted towards the gcp portion, unless the pre-ipo proceeds have been utilised towards the disclosed specific objects of the offer. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken).
Price Band: Rs. 153 to Rs. 162 per equity share bearing face value of Rs. 10 each.
The floor price is 15.30 times of the face value of the equity shares and the cap price is 16.20 times of the face value of the equity shares.
Bids can be made for a minimum of 91 equity shares of face value of Rs. 10 each and in multiples of 91 equity shares of face value of Rs. 10 each thereafter.