M K Sons Fine Jewels stock declines 5% from listing price

SENSEX 77,301.40

+ 383.55

NIFTY 23,960.60

+ 149.75

CRUDEOIL 9,025.00

 -79.00

GOLD 142,555.00

+ 3,103.00

SILVER 186,721.00

+ 7,023.00

SENSEX 77,301.40

+ 383.55

NIFTY 23,960.60

+ 149.75

NIFTY 23,960.60

+ 149.75

CRUDEOIL 9,025.00

 -79.00

CRUDEOIL 9,025.00

 -79.00

GOLD 142,555.00

+ 3,103.00

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On the NSE, the stock debuted at ₹171, registering a 5.5% premium over the issue price

By Madhu Balaji

Updated - November 04, 2026 at 04:35 PM. | Bengaluru

M. K. Sons Fine Jewels Limited is engaged in the retail sale of gold, diamond, and CZ jewellery through its showroom network across Mumbai and Ahmedabad. The company offers rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery, and customised jewellery under multiple collections. The Public issue was of ₹275.40 Cr.

M K Sons Fine Jewels shares ended with muted gains after listing at a 5.9 per cent premium over the issue price on the BSE at ₹171.60 against the IPO price of ₹162 per share.

Congratulations to M. K. Sons Fine Jewels Limited on getting listed on NSE today. M. K. Sons Fine Jewels Limited is engaged in the retail sale of gold, diamond, and CZ jewellery through its showroom network across Mumbai and Ahmedabad. The company offers rings, necklaces, bangles, earrings, bracelets, Mangalsutras, solitaires, bridal jewellery, and customised jewellery under multiple collections. The Public issue was of INR 275.40 Cr. #NSEIndia #listing #IPO #StockMarket #ShareMarket #MSSonsFineJewelsLimited @ashishchauhan

— NSE India (@NSEIndia) November 4, 2026

On the NSE, the stock debuted at ₹171, registering a 5.5 per cent premium over the issue price.

However, it closed at ₹162.20 on both NSE and BSE, down 5 per cent from the listing prices.

The non-institutional investors (NIIs) category led the demand, with the portion subscribed 14.12 times. The retail investor category was subscribed 3.08 times, while the qualified institutional buyers (QIBs) portion received 1.84 times subscription.

It had fixed the IPO price band at ₹153–₹162 per share. The issue 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 was 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.

Use of funds

The company plans to utilise the proceeds from the fresh issue to set up a new showroom in Maharashtra and expand an existing showroom in Gujarat.

The funds will also be used to repay or prepay certain borrowings and meet general corporate purposes.

Published on November 4, 2026

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