Just dropping a quick update on the M.K. Sons Fine Jewels IPO now that the bidding has wrapped up and it's officially hit the stock market today (November 4, 2026).
The issue closed out with an overall subscription of 5.09x, driven mostly by strong demand from high-net-worth investors and retail buyers. Here is how the numbers broke down across categories:
- Non-Institutional Investors (NIIs): Subscribed 14.12x
- Retail Individual Investors (RIIs): Subscribed 3.08x
- Qualified Institutional Buyers (QIBs): Subscribed 1.84x
How did it perform on listing day? The stock was priced at ₹162 at the top of the band. It had a pretty solid debut this morning, opening at ₹171.60 on the BSE (giving a nice ~6% pop) and ₹171.00 on the NSE.
If you managed to score an allotment (each lot was 91 shares), it's a nice, steady opening gain to kick things off. Just thought I'd share the update in case you were following it!