MK Sons Fine Jewels IPO Day 3: Subscribed 1.18x; NII Demand at 2.20x
Key Highlights
MK Sons Fine Jewels IPO (₹193 crore mainboard IPO) was subscribed 1.18x on Day 3 of 3, with NII at 2.20x. See category-wise subscription and day-wise bids.
Last updated: Fri, Oct 30, 2026, 12:00 PM IST · mainboard · & · Day 3 of 3
- MK Sons Fine Jewels IPO subscribed 1.18x overall on Day 3, up from 0.65x on Day 1
- Total bids: 1,40,03,171 shares against 1,19,00,000 shares on offer
- Category-wise: 0.99x, 2.20x, 0.85x
- Price band: ₹153 to ₹162 per share
- The issue closes on Fri, Oct 30, 2026
The MK Sons Fine Jewels IPO concludes today, October 30, 2026, on its third and final day of bidding. As of 12:00 PM IST, the issue has reached an overall subscription multiple of 1.18x. The subscription multiple represents the total number of shares bid for divided by the total number of shares offered to investors. The NII category is the most-bid segment at 2.20x. The overall subscription has increased from 0.65x recorded on the first day.
MK Sons Fine Jewels IPO Status: Day 3
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Wed, Oct 28, 2026 | 76,89,409 | 124.57 | 0.65x |
| Day 3 | Fri, Oct 30, 2026 | 1,40,03,171 | 226.85 | 1.18x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) | Day 3 bids | Day 3 (x) |
|---|---|---|---|---|---|
| QIB | 34,00,000 | 32,72,360 | 0.96x | 33,59,720 | 0.99x |
| NII | 25,50,000 | 30,45,406 | 1.19x | 56,09,149 | 2.20x |
| of which individual NII | — | 30,05,730 | — | 55,08,412 | — |
| of which corporate NII | — | — | — | 8,190 | — |
| of which other NII | — | 39,676 | — | 92,547 | — |
| Retail | 59,50,000 | 13,71,643 | 0.23x | 50,34,302 | 0.85x |
| Total | 1,19,00,000 | 76,89,409 | 0.65x | 1,40,03,171 | 1.18x |
The NII category, representing non-institutional investors bidding above ₹2 lakh, leads with a subscription of 2.20x. The QIB category, which includes qualified institutional buyers like banks and mutual funds, stands at 0.99x. Meanwhile, the retail category has reached 0.85x. The total number of bids across all categories reached 1,40,03,171 shares against the 1,19,00,000 shares offered in the issue.
MK Sons Fine Jewels IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Wed, Oct 28, 2026 to Fri, Oct 30, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹153 to ₹162 per share |
| Lot size | 91 shares |
| Total issue size | 1,70,00,000 shares (₹193 crore) |
| Listing at | NSE & BSE |
| Lead managers | Aryaman Financial Services Ltd. |
| Bigshare Services Pvt Ltd |
About MK Sons Fine Jewels
MK Sons Fine Jewels Ltd. is a retail jewellery chain operating five showrooms across Mumbai and Ahmedabad. As per the DRHP, the company offers a portfolio of over 19,442 SKUs, including gold, diamond, colour stone, platinum, and silver jewellery. The business markets and sells these products through its own retail chain. One promoter has been in the jewellery business since 1999. In March 2025, the company acquired the promoter’s proprietorship business to consolidate operations under a single corporate entity and align the structure with stakeholder interests.
MK Sons Fine Jewels Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| from operations (₹ crore) | 538.74 | 351.28 | 217.32 |
| Total income (₹ crore) | 538.86 | 351.32 | 217.39 |
| Profit after tax (₹ crore) | 51.80 | 23.26 | 8.17 |
| Net worth (₹ crore) | 168.01 | 116.23 | 22.29 |
| Total borrowings (₹ crore) | 40.47 | 47.53 | 31.30 |
| (₹) | 12.13 | 10.26 | 3.63 |
Revenue from operations grew from ₹351.28 crore in FY 2024-25 to ₹538.74 crore in FY 2025-26. Profit after tax rose from ₹23.26 crore in FY 2024-25 to ₹51.80 crore in FY 2025-26. The margin reached 9.61% in FY 2025-26, compared to 6.62% in FY 2024-25.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Funding expenditure towards setting up of 1 new showroom in Maharashtra and expansion | 151.51 |
| Repayment and/or pre-payment, in full or part, of certain borrowings | 30.00 |
Risk Factors as per the DRHP
- The company relies on third-party manufacturers and Karigars for production, which exposes the business to potential supply chain disruptions as noted in the DRHP.
- The business operates in the fragmented Indian jewellery retail market and faces intense competition, which may impact its market share and profitability as per the DRHP.
- The company is subject to risks of fraud, theft, and employee misconduct, as well as potential adverse outcomes in ongoing tax and regulatory litigation as per the DRHP.
How to Check MK Sons Fine Jewels IPO Subscription Status
Live bidding figures are published by NSE & BSE while the issue is open. Once it closes, allotment status is published by the registrar, Bigshare Services Pvt Ltd.
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Fri, Oct 30, 2026, 12:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.