M K Sons Fine Jewels fixed a price band of ₹153 to ₹162 per share for its initial public offering worth ₹275.4 crore, which opens for public subscription on October 28 and concludes on October 30.
The public offer comprises a fresh issue of up to 1.36 crore equity shares and an offer for sale of up to 34 lakh equity shares by promoter Ramchand Murlidhar Raimalani.
Proceeds from the fresh issue will fund a new showroom in Maharashtra, an existing showroom expansion in Gujarat, debt repayment, and general corporate purposes.