M.K. Sons Fine Jewels IPO Subscription Status Day 2: Issue Subscribed 0.70 Times

Mumbai, October 29: The M. K. Sons Fine Jewels IPO was subscribed 0.70 times overall by 5:00 PM IST on October 29, 2026, the second day of bidding, according to the BSE subscription figures provided. The non-institutional investor (NII) category recorded subscription of 1.32 times, while qualified institutional buyers (QIBs) and retail individual investors subscribed 0.62 times and 0.48 times, respectively. The ₹275.40 crore book-built issue comprises a fresh issue of 1.36 crore equity shares aggregating to ₹220.32 crore and an offer for sale of 34 lakh shares worth ₹55.08 crore at the upper end of the price band. The company has fixed the price range at ₹153 to ₹162 per equity share, with a face value of ₹10 each. The IPO opened for public subscription on October 28, 2026, and will close on October 30, 2026. The Allotment is tentatively scheduled for November 2, 2026, while the company’s shares are expected to list on the BSE and NSE on November 4, 2026.

M.K. Sons Fine Jewels IPO Day 2 Subscription Status

As of 5:00 PM IST on October 29, 2026, the M. K. Sons Fine Jewels IPO had received bids for 83,46,338 equity shares against 1,19,00,000 shares available for public subscription, excluding the anchor investor portion. The NII segment recorded the highest subscription among the three main investor categories, with bids for 33,57,172 shares against 25,50,000 shares reserved. Within this segment, big non-institutional investors (bNII), placing bids above ₹10 lakh, subscribed 1.51 times, while small non-institutional investors (sNII), placing bids between ₹2 lakh and ₹10 lakh, subscribed 0.92 times. QIBs placed bids for 21,06,488 shares against their allocation of 34,00,000 shares, excluding anchor investors. The retail portion received bids for 28,82,698 shares against 59,50,000 shares available in the category.

M.K. Sons Fine Jewels IPO Day-wise Subscription Summary

The M. K. Sons Fine Jewels IPO opened for subscription on October 28, 2026. The supplied exchange data captures the subscription position on the second day of bidding.

The issue will remain open for subscription until October 30, 2026. The supplied snapshot does not contain separate subscription figures for the opening day.

M.K. Sons Fine Jewels IPO Timeline

The public issue opened on October 28, 2026, and the three-day bidding period is scheduled to conclude on October 30. Following the closure, the company will proceed with the allotment process ahead of the proposed stock market listing.

The timeline is tentative. Refund and share credit dates are based on the schedule published by Zerodha.

Brief Overview of the M. K. Sons Fine Jewels IPO

K. Sons Fine Jewels Limited is entering the primary market with a ₹275.40 crore book-built IPO, consisting of a fresh issue of 1,36,00,000 equity shares and an offer for sale of 34,00,000 shares. The fresh issue accounts for ₹220.32 crore, while the offer-for-sale component is valued at ₹55.08 crore at the upper price band. The issue is priced between ₹153 and ₹162 per equity share, each carrying a face value of ₹10. Investors can apply for a minimum of 91 shares, requiring an investment of ₹14,742 at the upper end of the price band. Additional bids must be placed in multiples of 91 shares. Aryaman Financial Services Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue. M. K. Sons Fine Jewels operates in the jewellery retail segment, offering gold, diamond, cubic zirconia and other jewellery products through its network of showrooms. The company has five retail outlets across Mumbai and Ahmedabad, catering to customers seeking jewellery for everyday use, weddings and other occasions. Its product portfolio includes rings, earrings, necklaces, bangles, bracelets, pendants and mangalsutras. The business also maintains an in-house design function and sources finished jewellery through external suppliers and manufacturing arrangements. The company proposes to utilise ₹152.84 crore from the fresh issue proceeds for setting up a new showroom in Maharashtra and expanding an existing showroom in Gujarat. Another ₹30 crore is earmarked for repayment or prepayment of certain borrowings, with the balance allocated towards general corporate purposes. The IPO will close on October 30, 2026. The Allotment is scheduled for November 2, followed by the proposed listing of the company’s equity shares on the BSE and NSE on November 4, 2026.

Source: 

• https://www.nseindia.com/market-data/issue-information?symbol=MKSONS&series=EQ&type=Active