M.K. Sons Fine Jewels shares list at 6% premium over IPO price
M.K. Sons Fine Jewels made its stock market debut at a 6% premium over its IPO price. The company raised Rs 275.40 crore through its initial public offering, which saw high investor interest. Shares opened at Rs 171 compared to the issue price of Rs 162, indicating strong demand. The company's financial performance showed significant growth, with income rising to Rs 539 crore in FY26.
M K Sons Fine Jewels, a Mumbai and Ahmedabad-based retailer of gold, diamond, and CZ jewellery, witnessed a 6% premium on its debut trading day on the BSE. The company's shares listed at ₹171.60, above the IPO price of ₹162 per share. Following the listing on the NSE, the stock dipped to ₹162. The IPO, valued at ₹275.4 crore, saw an overall subscription of 5.09 times, with non-institutional investors leading the demand. The company intends to use the fresh capital for expanding its showroom network and managing debts.
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- M K Sons Fine Jewels stock dips to ₹162 after 6% premium listing on BSE thehindubusinessline.com
