The M.K.Sons Fine Jewels IPO subscription status on the last day, 30 October 2026, shows the issue closed 5.09x subscribed. non-institutional investors bid the most. The final book was seen on our tracker at 5:10 PM.
How did each category bid?
| Category | Times subscribed |
|---|---|
| QIB (institutional buyers) | 1.84x |
| NII (non-institutional), total | 14.12x |
| bNII (bids above ₹10 lakh) | 15.33x |
| sNII (bids of ₹2–10 lakh) | 11.7x |
| Retail | 3.08x |
| Total | 5.09x |
Retail was at 3.08x.
Whether you get a lot depends on that retail number: below 1 means everyone gets one, above 1 means a lottery.
The big non-institutional bids (bNII) stood at 15.33x. The smaller ones (sNII) stood at 11.7x.
What our data shows
The grey market quote was ₹15 on 28 October. It was ₹8 on 30 October. Across the ten most recent mainboard debuts, the closing grey market figure missed the real listing gain by roughly 3.5 points.
The GMP now is ₹5 (3.09%). Remember that GMP is only a dealer quote in the unofficial market, and it can still move before 4 November.
What does the company do?
M.K.Sons Fine Jewels was set up in 2012. It sells gold, diamond and CZ jewellery through its own showrooms. It runs 5 showrooms in Mumbai and Ahmedabad.
The company does not make jewellery itself. It buys finished pieces from outside vendors. The IPO is part fresh issue and part offer for sale (OFS) by a promoter.
| Key fact | Detail |
|---|---|
| Price band | ₹153–162 |
| Lot size | 91 shares |
| Minimum at upper band | ₹14,742 |
| Lead manager | Aryaman Financial Services |
| Registrar | Bigshare Services |
How are the financials?
Total income was ₹538.86 crore in the year to March 2026. It was ₹351.32 crore a year before.
Profit after tax rose to ₹51.80 crore from ₹23.26 crore. At the upper band, the issue is priced at 16.1 times post-issue earnings, as per the offer document.
The Aryaman Financial record is small. Two of its three earlier listings opened above the issue price, with an average gain of 3.1%.
What happens next?
Allotment is due on 2 November 2026. Refunds and demat credit follow on 3 November. Shares list on BSE and NSE on 4 November.
You can follow the live numbers on our subscription page. The issue details are on the IPO page. We covered the opening in our earlier post.
