M. K. Sons Fine Jewels Limited receives SEBI nod for IPO
Mumbai,29th August 2026 ( TGN ) :
M. K. Sons Fine Jewels Limited, a retail-focused jewellery company engaged in designing, manufacturing and retailing fine jewellery, has received approval from the Securities and Exchange Board of India (SEBI) in preparation for its Initial Public Offering (IPO).
Originally incorporated in 2012, the Company is engaged in the marketing and sale of a wide range of gold, diamond and Cubic Zirconia (CZ) jewellery through its own chain of retail showrooms. The Company offers a diverse portfolio of contemporary and bridal designs, with a focus on craftsmanship, design quality and customer-centric jewellery collections catering to a diverse customer base. The Company currently operates five showrooms located in Mumbai and Ahmedabad.
The proposed IPO comprises a fresh issue of up to 13,600,000 Equity Shares and an Offer for Sale (OFS) of up to 3,400,000 Equity Shares by promoter selling shareholder Ramchand Murlidhar Raimalani.
The Company has demonstrated strong revenue growth, with revenue increasing from ₹24.91 crore in Fiscal 2023 to ₹351.28 crore in Fiscal 2025, registering a CAGR of 275.51%.
The Company proposes to utilise the net proceeds from the fresh issue towards setting up one new showroom in Maharashtra, expansion of its existing showroom in Gujarat, repayment and/or prepayment of certain borrowings availed by the Company, and for general corporate purposes.
Aryaman Financial Services Limited is the sole Book Running Lead Manager (BRLM) to the issue, while Bigshare Services Private Limited is the Registrar to the Offer.
