M K Sons Fine Jewels IPO allotment today; check status on BSE, NSE and registrar

Non-institutional investors (NIIs) led the demand, subscribing to their reserved portion 14.12 times. The retail investor category was subscribed 3.08 times, while the qualified institutional buyer (QIB) portion received 1.84 times bids. Read Aso: EAAA India Alternatives shares list at 1% premium on NSE — should you buy, sell or hold? In the grey market, M K Sons Fine Jewels shares were commanding a premium of around 3.5 percent on the morning of November 2, according to InvestorGain.

M K Sons Fine Jewels IPO allotment status: How to check Investors can check their allotment status online once the basis of allotment is finalised. Check allotment status on Bigshare Services Step 1. Visit the Bigshare Services IPO allotment page at https://ipo.bigshareonline.com/ipo_status.html Step 2. Select M K Sons Fine Jewels from the list of issues, once available. Step 3. Choose an identification option, such as PAN, application number or DP/client ID.

Step 4. Enter the required details and submit. Step 5. Your allotment status will be displayed on the screen. Check allotment status on BSE 1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check 2. Select 'Equity' as the issue type. 3. Choose M K Sons Fine Jewels from the issue list. 4. Enter your application number or PAN, as requested. 5. Submit the details to view your allotment status.

Check IPO bid details on NSE Step 1. Visit the NSE IPO bid verification page at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids Step 2. Select the relevant IPO from the issue list. Step 3. Enter your application number or PAN, as requested. Step 4. Submit the details to verify your bid. The IPO opened for subscription on October 28 and closed on October 30. The company set the price band at Rs 153 to Rs 162 per share, valuing it at about Rs 912 crore at the upper end.

The minimum lot size was 91 shares, translating into an investment of Rs 14,742 at the upper end of the price band. The Rs 275.4-crore issue comprises a fresh issue of 1.36 crore equity shares worth Rs 220.32 crore and an offer for sale (OFS) of shares worth Rs 55.08 crore. The proceeds from the fresh issue will go to the company, while the OFS proceeds will be received by the selling shareholder.

M K Sons Fine Jewels plans to use Rs 152.8 crore from the net proceeds to set up a new showroom in Maharashtra and expand an existing showroom in Gujarat. Another Rs 30 crore has been earmarked for debt repayment, while the remaining amount will be used for general corporate purposes. Aryaman Financial Services is the book-running lead manager to the issue, while Bigshare Services is the registrar.

The allotment is scheduled for November 2. Refunds for unsuccessful applicants and credit of allotted shares to demat accounts are expected on November 3, ahead of the November 4 listing. About M K Sons Fine Jewels Mumbai-based M K Sons Fine Jewels is engaged in the retailing of gold, diamond and cubic zirconia (CZ) jewellery through its own showrooms. The company currently operates five showrooms, including three in Mumbai and two in Ahmedabad.

Its proposed expansion in Maharashtra and Gujarat is aimed at increasing its retail footprint. The company offers jewellery across different categories and designs, catering to customers through its physical retail network.