M. K. Sons Fine Jewels IPO Subscription Update: Issue Subscribed 1.09 on Day 2
On the second day of bidding, the M. K. Sons Fine Jewels IPO received bids for 1,29,40,473 shares against 1,19,00,000 shares available for subscription, according to NSE data, with the issue subscribed 1.09 times. The Retail Individual Investor (RII) category was subscribed 0.76 times, while the Non-Institutional Investor (NII) category stood at 1.98 times. The Qualified Institutional Buyer (QIB) portion, excluding the anchor allocation, was subscribed 0.98 times at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues. Till: 29-Oct-2026 3:54 Pm
| SR. NO. | CATEGORY | NO. OF TIMES SUBSCRIBED |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 0.98 |
| 2 | Non-Institutional Investors (NIIs) | 1.98 |
| 3 | Retail Individual Investors (RIIs) | 0.76 |
| - | Total | 1.09 |
Till: 29-Oct-2026 3:54 Pm
M. K. Sons Fine Jewels IPO Overview and Purpose
The M. K. Sons Fine Jewels IPO is offering approximately Rs. 275.40 crore, comprising a fresh issue of Rs. 220.32 crore and an Offer for Sale (OFS) of approximately Rs. 55.08 crore. The issue is priced in the range of Rs. 153 to Rs. 162 per share, with a minimum lot size of 91 shares.
The proceeds from the fresh issue will be used to establish a new showroom in Maharashtra, expand an existing showroom in Gujarat, repay or prepay certain outstanding borrowings, and meet general corporate purposes.
The proceeds from the OFS will go to the selling promoter, Ramchand Murlidhar Raimalani. The company will not receive any proceeds from the OFS portion of the issue.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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