MK Sons Fine Jewels’ Rs.275-Cr IPO subscribed 5 times

The INR 275-Cr initial public offering (IPO) of Mumbai-based MK Sons Fine Jewels was subscribed 5.09 times on the final day of bidding.Non-institutional investors led the demand, subscribing 14.12 times their allotted portion. Qualified institutional buyers subscribed 1.84 times, while retail individual investors subscribed 3.08 times their respective portions.The IPO proceeds are intended to support the company’s capital requirements.