M K Sons Fine Jewels IPO Day 3: Demand crosses 5x

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SENSEX 74,459.53

+ 308.49

NIFTY 23,053.10

+ 116.35

NIFTY 23,053.10

+ 116.35

CRUDEOIL 9,864.00

+ 155.00

CRUDEOIL 9,864.00

+ 155.00

GOLD 140,092.00

 -2,504.00

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The company raised ₹82.62 crore from anchor investors by allotting 51 lakh equity shares to nine investors at ₹162 apiece

By Madhu Balaji

Updated - October 30, 2026 at 07:14 PM. | Bengaluru

The initial public offering (IPO) of M K Sons Fine Jewels fetched 5.09 times overall subscription on the final day of bidding. The non-institutional investors (NIIs) category led the demand, with subscriptions of 14.12 times, followed by the retail investor portion at 3.08 times. The qualified institutional buyers (QIBs) portion was subscribed 1.84 times.

M K Sons Fine Jewels has fixed the IPO price band at ₹153–₹162 per share. It comprised a fresh issue of up to 1.36 crore equity shares and an offer for sale (OFS) of up to 34 lakh equity shares by promoter Ramchand Murlidhar Raimalani.

At the upper end of the price band, the IPO is valued at ₹275.4 crore.

The company raised ₹82.62 crore from anchor investors by allotting 51 lakh equity shares to nine investors at ₹162 apiece.

The investors allotted shares in the anchor round include Goldman Sachs Bank Europe SE, Venus Investment VCC, Advent Global Fund PCC, Khandelwal Finance, Tiger Strategies Fund-I, Arnesta Global Opportunities Fund PCC, Zeal Global Opportunities Fund, Compact Structure Fund and Nexus Global Opportunities Fund.

There was no allocation to domestic mutual funds, life insurance companies or pension funds.

The company plans to use the proceeds from the fresh issue to set up a new showroom in Maharashtra, expand an existing showroom in Gujarat, repay or prepay certain borrowings and meet general corporate purposes.

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Published on October 30, 2026

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