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R.K.Fashion Accessories IPO
Price Band
₹77.0–82.0
Issue Size
₹34.99 Cr
Lot Size
1,600 shares
Min Investment
₹262,400
2 LOTS MIN
GMP
+₹1.5 (1.83%)
Issue Price
₹82.0
Subject to Sauda
₹1800
Paid only if allotted
R.K.Fashion Accessories IPO AI Summary
- R.K.Fashion Accessories IPO is listed on NSE SME in the Gems, Jewellery And Watches sector.
- Price band: ₹77.0–₹82.0 per share, lot size 1,600 shares (min. investment ₹262,400, 2 lots minimum).
- Subscription window: 05 Oct–07 Oct 2026, listing on 12 Oct 2026.
- Current GMP is +₹1.5 (1.83%), an estimated listing price of ₹84 — unofficial and can change daily.
R.K. Fashion Accessories Limited is an SME engaged in the manufacture and wholesale distribution of imitation jewellery and cosmetics. With a strong presence in B2B and e-commerce, the company reported consistent revenue growth and has a diverse product portfolio. The IPO offers an investment opportunity with a price band of ₹77.0 to ₹82.0 and is expected to list on October 12, 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
2.70x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
14.11x
|
14x ✓ |
| NII (HNI) |
1.77x
|
1.77x |
| ↳ bNII (>₹10L) |
1.77x
|
1.77x |
| ↳ sNII (<₹10L) |
1.79x
|
1.79x |
| Retail (RII) |
3.11x
|
3.11x |
| Total | 2.70x | 2.70x |
Auto-updated every 5 min · As of 7th Oct 2026 17:57
R.K.Fashion Accessories IPO Grey Market Premium (GMP) Today
GMP
+₹1.5
GMP %
+1.83%
Est. Listing
₹83.5
Updated: 12 Oct 2026 07:00
GMP Trend (Last 12 Days)
About the Company
Incorporated in March 2010, R.K. Fashion Accessories Limited is engaged in the manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with trading of branded cosmetics. The company offers traditional and contemporary jewellery products under brands such as “City Girl” and “Manikya”. The company operates through B2B wholesale, e-commerce retailing, and corporate retail tie-ups while expanding its B2C presence in Kolkata. Its product portfolio includes bangles, earrings, necklaces, chains, rings, bracelets, mangalsutras, sets, and CZ/AD jewellery catering to wedding, festive, and daily wear segments. R.K. Fashion Accessories follows a contract manufacturing model supported by skilled artisans and third-party manufacturers, primarily based in Kolkata. The company also operates around 120 shop-in-shop counters through corporate partnerships and processes over 10,000 online orders monthly across multiple e-commerce platforms. For Fiscal 2026, the company reported revenue from operations of ₹3,035.71 lakhs, with West Bengal contributing the majority of revenue. As of March 31, 2026, the company had 50 permanent employees. Strengths Traditional and contemporary jewellery portfolio Strong B2B and e-commerce presence Strategic corporate retail tie-ups Consistent revenue growth Multi-stage quality control process Wide product range across multiple price points
Company Financials (₹ Cr)
As of 2026-06-30
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 28.32 | 23.88 | 16.88 | 11.70 |
| Total Income | 7.49 | 31.54 | 17.82 | 14.46 |
| Profit After Tax | 1.83 | 6.29 | 2.00 | 0.95 |
| EBITDA | 2.55 | 7.34 | 2.98 | 0.11 |
| NET Worth | 17.99 | 16.16 | 9.81 | 7.82 |
| Reserves and Surplus | 6.74 | 4.91 | 9.16 | 7.16 |
| Total Borrowing | 3.06 | 1.70 | 0.61 | 0.61 |
Key Ratios
EPS
₹5.59
NAV
₹14.37
ROE
48.40%
ROCE
57.74%
RoNW
38.90%
P/B Value
5.71
P/E Ratio
14.67
Market Cap
₹127.24 Cr
PAT Margin
20.71%
Debt/Equity
0.11
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Banaras Beads Ltd. | 87.38 | 3.08% | 44.31 | 2.69 | 2.69 |
| R.K.Fashion Accessories Ltd. This IPO | 15.99 | 40.66% | — | 6.5 | 6.5 |
Promoters
Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet the working capital requirements 5.21 2 To Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal 8.80 3 To Finance Establishment of-Proposed new B2B showroom in Kolkata 5.37 4 To Finance Establishment of-Completion of B2C Stores in Kolkata 2.48 5 To Finance Establishment of-Inventory cost for the proposed new showroom and stores 5.60 6 General Corporate Purposes | | Total 27.47
IPO Evaluation
Generated 15 Oct 2026Revenue Trend
Revenue from operations was ₹14.46 Cr for the period ending March 31, 2024, increasing to ₹17.82 Cr by March 31, 2025, and further rising to ₹31.54 Cr by March 31, 2026. However, the most recent figure of ₹7.49 Cr for the period ending June 30, 2026, is not directly comparable as it is a 9-month figure.
Profit Trend
Profit After Tax was ₹0.95 Cr for the period ending March 31, 2024, which increased to ₹2.00 Cr by March 31, 2025, and further rose to ₹6.29 Cr by March 31, 2026. The most recent figure of ₹1.83 Cr for the period ending June 30, 2026, is also a 9-month figure and not directly comparable.
Valuation
At an issue price of ₹82.0, R.K. Fashion Accessories has an implied P/E ratio of 12.62 based on its EPS of ₹6.5. This is lower than peer Banaras Beads Ltd., which has a P/E of 44.31.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market compared to its issue price. A positive GMP suggests that the IPO is likely to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Subscription Demand
As of October 7, 2026, the IPO has been subscribed 2.7 times overall. The QIB category saw a subscription of 14.11 times, while the Retail category was subscribed 3.11 times. The NII category had a subscription of 1.77 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who prefer stable, established companies with a long track record may want to avoid IPOs like this, which can carry higher risks associated with new market entrants.
IPO Timeline, Explained
The IPO opens on October 5, 2026, and closes on October 7, 2026. Allotment of shares will be done on October 8, 2026, and the listing is expected on October 12, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor might make if they sell their shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from R.K.Fashion Accessories's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is R.K.Fashion Accessories IPO GMP today?
R.K.Fashion Accessories IPO GMP today is +₹1.5 (1.83%), indicating an estimated listing price of ₹84. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of R.K.Fashion Accessories IPO?
The price band of R.K.Fashion Accessories IPO is ₹77.0–₹82.0 per share.
When does R.K.Fashion Accessories IPO open and close?
R.K.Fashion Accessories IPO opens on 05 October 2026 and closes on 07 October 2026.
When does R.K.Fashion Accessories IPO list on the stock exchange?
R.K.Fashion Accessories IPO listed on 12 October 2026 at ₹83.5.
What is the lot size for R.K.Fashion Accessories IPO?
The lot size for R.K.Fashion Accessories IPO is 1600 shares, requiring a minimum investment of ₹262,400 (2 lots).
What is the lot size for the R.K. Fashion Accessories IPO?
The lot size for the R.K. Fashion Accessories IPO is 1600 shares.
What is the minimum investment required for this IPO?
The minimum investment required is ₹262,400.
What is the price band for the R.K. Fashion Accessories IPO?
The price band for the IPO is between ₹77.0 and ₹82.0.
When does the R.K. Fashion Accessories IPO open and close?
The IPO opens on October 5, 2026, and closes on October 7, 2026.
What does GMP mean in the context of IPOs?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Oct 2026
Close
07 Oct 2026
Allotment
08 Oct 2026
Listing
12 Oct 2026
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