M.K. Sons Fine Jewels Files ₹[●] Million IPO Draft Prospectus

M.K. Sons Fine Jewels Limited files Draft Red Herring Prospectus for an IPO comprising fresh issue of up to 13.6 million shares and offer for sale of up to 3.4 million shares by promoter Ramchand Raimalani.
Company operates five jewelry showrooms across Maharashtra and Gujarat with revenue growing from ₹249M in FY23 to ₹3,608M in 9MFY26, demonstrating 275% CAGR growth.
Net proceeds of ₹1,815 million will fund new showroom expansion, existing showroom inventory, partial debt repayment of ₹300 million, and general corporate purposes.
Offer follows SEBI's book-building process with proposed listing on BSE and NSE, subject to regulatory approvals and market conditions.