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M K Sons Fine Jewels Limited
Minimum investment
Bidding date
28 Oct - 30 Oct 2026
Price range
₹153 - ₹162
Minimum quantity
91
Minimum investment
₹14,742
Issue size
₹275 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
The company is a retail-focused jewellery company engaged in marketing and sale of gold, diamond and Cubic Zirconia (CZ) jewellery through its own chain of retail showrooms. It operates five showrooms, three in Mumbai and two in Ahmedabad, with a total operational area of 6,513 square feet as on June 30, 2026, all on a Company Owned Company Operated model. Its jewellery portfolio comprises more than 19,442 SKUs across rings, earrings, necklaces, solitaires, bangles, bracelets and Mangalsutras, across eleven collections. Products are sourced from third-party manufacturers, wholesalers and Karigars located primarily in Maharashtra and Gujarat. Pricing starts from approximately ₹ 11,000. The company does not generate online revenue and sells only through physical showrooms.
Risk: A significant portion of revenue comes from showrooms in Gujarat, where operations are heavily concentrated.
Risk: The Objects of the Offer have not been appraised by any bank or financial institution, and changes to use of Net Proceeds require prior shareholder approval.
Risk: All revenue is derived from direct sales through physical showrooms with no online or alternate channels.
Risk: Related party transactions may involve conflicts of interest with other shareholders.
Risk: Volatility in prices and availability of gold, diamonds and raw materials, and dependence on third-party manufacturers.
Risk: The company relies entirely on third-party manufacturers and Karigars, none of whom work exclusively for it.
Risk: Negative net cash flow from operating activities in the past three Fiscals.
Risk: Many leased premises are not adequately stamped and registered.
12.87 Cr.
FY24
8.17 Cr.
FY24
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