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IPO Synopsis

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IPO

M. K. Sons Fine Jewels Ltd
  • Registered Office: 1&2 A.N.Chambers Turner Rd,Bandra West, Mumbai - 400050, Maharashtra, India. Phone : +91 99200 77788   Fax:
  • Email : compliance@mkjewels.in
  • Website :www.mkjewels.in
Initial public offering of up to 17,000,000 equity shares of face value of Rs. 10 each ("Equity Shares") of M. K. Sons Fine Jewels Limited ("Company" or "Issuer") for cash at a price of Rs. 153-162 per equity share (including a share premium of Rs. 143-152 per equity share) ("Offer Price") aggregating up to Rs. 260.1-275.4 Crores comprising a fresh issue of up to 13,600,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 208.08-220.32 Crores by the company ("Fresh Issue") and an offer for sale of up to 3,400,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 52.02-55.08 Crores ("Offered Shares") by Ramchand Murlidhar Raimalani ("The Promoter Selling Shareholder") ("Offer For Sale", and together with the fresh issue, the offer"). The company, in consultation with the book running lead manager, may consider a pre-ipo placement aggregating up to 2,000,000 equity shares, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the book running lead manager. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from thefresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer and allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. the utilization of the pre-ipo proceeds being discretionary in nature, if raised, shall be completely attributed adjusted towards the gcp portion, unless the pre-ipo proceeds have been utilised towards the disclosed specific objects of the offer. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs. 153 to Rs. 162 per equity share bearing face value of Rs. 10 each. The floor price is 15.30 times of the face value of the equity shares and the cap price is 16.20 times of the face value of the equity shares. Bids can be made for a minimum of 91 equity shares of face value of Rs. 10 each and in multiples of 91 equity shares of face value of Rs. 10 each thereafter.
Issue
Opens On Closes On
28-Oct-26 30-Oct-26
Money Payable On
Application Allotment
153.00 0.00
Minimum Application for shares in Nos : 91 Further Multiples of : 91
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Aryaman Financial Services Limited
Project Financed through Current Offer (.Cr) 260.10  
Post Issue Equity Share Capital (.Cr) 56.29
Issue Price () 153.00
Projects
Funding expenditure towards setting up of 1 new showroom in Maharashtra ("New Showroom") and expansion of existing showroom in Gujarat ("Expansion");
Repayment and/or pre-payment, in full or part, of certain borrowings availed by its Company
General corporate purposes
Promoted By
Ramchand Murlidhar Raimalani
Neelam Ramchand Raimalani
Kush Ramchand Raimalani
Listing At
BSE
NSE
Registrar to the Issue
Bigshare Services Pvt Ltd