R.K. Fashion Accessories IPO
R.K. Fashion Accessories IPO is an upcoming SME book-built issue of ₹34.99 crore, consisting entirely of a Fresh Issue of 42,67,200 equity shares with no Offer for Sale. The price band is ₹77 to ₹82 per share, with a lot size of 1,600 shares. The IPO is p
R.K. Fashion Accessories IPO Details
R.K. Fashion Accessories IPO bidding is scheduled to start from October 5, 2026 and end on October 7, 2026. The allotment for R.K. Fashion Accessories IPO is expected to be finalized on October 8, 2026. Refunds are expected to be initiated on October 9, 2026, while shares are proposed to be credited to successful applicants' Demat accounts on the same day. R.K. Fashion Accessories IPO is proposed to list on NSE SME on October 12, 2026.
R.K. Fashion Accessories IPO Timeline (Tentative)
R.K. Fashion Accessories IPO is scheduled to open for subscription on October 5, 2026, and close on October 7, 2026. The basis of allotment is expected to be finalized on October 8, refunds are scheduled to begin on October 9, and shares are expected to be credited to successful applicants' Demat accounts on the same day. The shares are proposed to be listed on NSE SME on October 12, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Oct 5, 2026 |
| IPO Close Date | Wed, Oct 7, 2026 |
| Basis of Allotment | Thu, Oct 8, 2026 |
| Initiation of Refunds | Fri, Oct 9, 2026 |
| Credit of Shares to Demat | Fri, Oct 9, 2026 |
| Listing Date | Mon, Oct 12, 2026 |
R.K. Fashion Accessories IPO Lot Size
The R.K. Fashion Accessories IPO lot size is 1,600 shares. Bids can be made for a minimum of 3,200 shares, or 2 lots, and in multiples of 1,600 shares thereafter. At the upper price band of ₹82 per share, the minimum application of 3,200 shares requires an investment of ₹2,62,400. Small HNI investors can apply for a minimum of 3 lots, or 4,800 shares, while applications of 8 lots and above fall under the Big HNI category, subject to the applicable SME IPO rules.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,62,400 |
| Retail (Max) | 2 | 3,200 | 2,62,400 |
| S-HNI (Min) | 3 | 4,800 | 3,93,600 |
| S-HNI (Max) | 7 | 11,200 | 9,18,400 |
| B-HNI (Min) | 8 | 12,800 | 10,49,600 |
R.K. Fashion Accessories IPO Reservation
R.K. Fashion Accessories IPO comprises a total issue size of 42,67,200 equity shares. The issue is entirely a Fresh Issue, with no Offer for Sale component. Not more than 50% of the Net Issue is available for allocation to QIBs, not less than 15% is available for NII bidders and not less than 35% is available for Individual Investors, subject to the applicable allocation rules. A separate Market Maker Reservation Portion of 2,14,400 equity shares is included in the issue structure.
R.K. Fashion Accessories IPO Subscription
R.K. Fashion Accessories IPO is scheduled to open for subscription on October 5, 2026. Category-wise subscription figures will be updated once bidding begins. As of October 3, 2026, the IPO had not yet opened for public subscription.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About R.K. Fashion Accessories
R.K. Fashion Accessories Limited is a Kolkata-based company engaged in the manufacturing through contract manufacturers and wholesale distribution of fashion and imitation jewellery, along with the trading of branded cosmetics. The company was originally incorporated on March 23, 2010, as Satabadi Distributor Private Limited. It was subsequently renamed R.K. Fashion Accessories Private Limited and was converted into a public limited company in 2026.
The company offers a broad range of imitation and fashion jewellery, including bangles, earrings, necklaces, chains, rings, bracelets, mangalsutras, jewellery sets and Cubic Zirconia/American Diamond jewellery. Its products combine traditional designs with contemporary styles and are positioned for weddings, festivals and everyday use.
R.K. Fashion Accessories operates through B2B wholesale distribution, corporate retail partnerships and online channels. It has around 120 Shop-in-Shop counters through corporate tie-ups with national retail chains and also sells jewellery through e-commerce platforms and its own websites under brands including City Girl and Manikya Jewellery.
The company's jewellery manufacturing follows a contract manufacturing model supported by third-party manufacturers and artisans, mainly located in Kolkata. The company develops designs based on market research, customer feedback and changing fashion trends, while maintaining processes for quality checking, finishing, packaging and dispatch.
The company also trades in branded cosmetics and has shifted certain hotel operations to lease arrangements. During FY2026, revenue from operations increased substantially, while the company reported a PAT of ₹6.29 crore. As of March 31, 2026, the company had 50 permanent employees.
Strengths
- Traditional and contemporary fashion jewellery portfolio covering multiple product categories and price points.
- Established B2B wholesale distribution network supported by corporate retail relationships.
- Around 120 Shop-in-Shop counters through partnerships with national retail chains.
- Presence across e-commerce platforms and the company's own websites.
- Product portfolio marketed under brands including City Girl and Manikya Jewellery.
- Contract manufacturing model supported by artisans and third-party manufacturers.
- Multi-stage quality inspection and handling process.
- Revenue and profitability increased significantly between FY2024 and FY2026.
Risks to Consider
- The company depends on contract manufacturers and third-party fabricators for parts of its manufacturing process.
- A significant portion of revenue is generated from the Eastern region of India, creating geographical concentration risk.
- The business is exposed to competition in the fashion and imitation jewellery market.
- The company's performance depends on changing consumer preferences and fashion trends.
- Customer dissatisfaction caused by product defects, design variations, delayed deliveries or quality issues could affect repeat business.
- The company does not hold registered intellectual property protection for certain in-house jewellery designs, which may expose designs to copying.
- The company depends on continued services, experience and strategic guidance from its promoters and senior management.
- Expansion of inventory and trade receivables can increase working-capital requirements.
- Changes in regulatory requirements, taxation or statutory approvals could affect operations.
- Dependence on retail partners and Shop-in-Shop arrangements may expose the company to risks related to partner performance and competition.
R.K. Fashion Accessories Financials (₹ Cr)
R.K. Fashion Accessories reported growth in total income and profitability over the last three financial years. Total income increased from ₹14.46 crore in FY2024 to ₹17.82 crore in FY2025 and ₹31.54 crore in FY2026. Profit after tax increased from ₹0.95 crore in FY2024 to ₹2.00 crore in FY2025 and ₹6.29 crore in FY2026. Total assets increased from ₹11.70 crore in FY2024 to ₹16.88 crore in FY2025 and ₹23.88 crore in FY2026. Net worth increased from ₹7.82 crore in FY2024 to ₹9.81 crore in FY2025 and ₹16.16 crore in FY2026.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 14.46 | 0.95 | 11.70 | 7.82 |
| FY2025 | 17.82 | 2.00 | 16.88 | 9.81 |
| FY2026 | 31.54 | 6.29 | 23.88 | 16.16 |
KPIs & Valuation
At the upper price band of ₹82, R.K. Fashion Accessories has a post-issue P/E of approximately 20.25x based on FY2026 earnings. The company reported FY2026 EPS of ₹5.59 on a pre-issue basis and approximately ₹4.05 after considering the proposed post-issue equity share capital. The company reported FY2026 RoNW of 38.90%, ROE of 48.40% and ROCE of 57.74%. Its NAV was ₹14.37 per share and price-to-book value at the upper price band was approximately 5.71x.
Objects of the Issue
The ₹34.99 crore IPO is entirely a Fresh Issue of 42,67,200 equity shares. The company proposes to use the Net Offer Proceeds primarily for working capital requirements, establishing a new plating facility at Baruipur in Kolkata, establishing a proposed new B2B showroom in Kolkata, completing B2C stores in Kolkata, purchasing inventory for the proposed showroom and stores, general corporate purposes and offer-related expenses. The company proposed to utilise the IPO proceeds for:
- To meet the working capital requirements.
- To finance establishment of a new plating facility at Baruipur, Kolkata, West Bengal.
- To finance establishment of a proposed new B2B showroom in Kolkata.
- To finance completion of B2C stores in Kolkata.
- To finance inventory costs for the proposed new showroom and stores.
- General corporate purposes.
- To meet the offer-related expenses.
Promoters, Lead Managers & Registrar
R.K. Fashion Accessories Limited is promoted by Md. Qasim, Mohammed Usman, Mohammed Imran and Md. Aurangzeb. The company's IPO has Affinity Global Capital Market Private Limited as the Book Running Lead Manager and Cameo Corporate Services Limited as the Registrar to the Issue. The company secretary and compliance officer is Ravi Kumar Bahl, and the registered and corporate office is located at Bagree Market, Kolkata, West Bengal.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Cameo Corporate Services Limited |
|---|---|
| Phone | +91-44-28460390 / +91-44-28460391 / +91-44-28460392 |
| investor@cameoindia.com | |
| Website | www.cameoindia.com |
R.K. Fashion Accessories IPO Review
R.K. Fashion Accessories has an established operating history dating back to 2010 and operates across fashion and imitation jewellery, branded cosmetics and related activities. Its jewellery business uses a contract manufacturing model and is supported by wholesale distribution, Shop-in-Shop counters, corporate retail relationships and online channels. The company reported revenue from operations of ₹30.36 crore in FY2026 compared with ₹17.77 crore in FY2025, while PAT increased from ₹2.00 crore to ₹6.29 crore over the same period. The company also reported around 120 Shop-in-Shop counters and 63,665 online orders during FY2026.
The IPO proceeds are primarily intended to support business expansion and working capital. The proposed investments include a new plating facility at Baruipur, a new B2B showroom in Kolkata, completion of B2C stores and inventory for the proposed showroom and stores. These investments are directly connected with the company's operating and distribution plans. The company also has a diversified product portfolio spanning traditional and contemporary jewellery, including bangles, earrings, necklaces, chains, rings, bracelets, mangalsutras, jewellery sets and CZ/AD jewellery.
At the upper price band of ₹82, the issue values the company at approximately 20.25 times FY2026 earnings on a post-issue basis, based on FY2026 EPS of ₹5.59 before dilution and approximately ₹4.05 after the proposed fresh issue. The company reported FY2026 RoNW of 38.90%, ROE of 48.40% and ROCE of 57.74%. Investors should also consider the company's dependence on contract manufacturers, geographical concentration, competition, changing jewellery trends, working-capital requirements and risks associated with expansion before evaluating the IPO.
How to Apply
R.K. Fashion Accessories IPO applications can be made through the ASBA process or through UPI-enabled IPO applications supported by eligible intermediaries. Investors should select R.K. Fashion Accessories IPO, enter the required number of shares in multiples of 1,600, select the applicable bid price and complete the payment mandate before the prescribed deadline. The minimum bid is 3,200 shares, or 2 lots, at the applicable price band.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select R.K. Fashion Accessories IPO.
- Enter the number of shares or lots you want to apply for. Bids must be in multiples of 1,600 shares and the minimum bid is 3,200 shares.
- Select the bid price. Retail investors can generally select Cut-off when the option is available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI application when the mandate request is received.
- Review and approve the UPI mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released according to the applicable process.
Prospectus & Documents
Investors can refer to the company's DRHP and RHP for detailed information about the business, financial performance, risk factors, IPO structure, management, objects of the issue and utilisation of the issue proceeds. The DRHP was filed with the NSE SME platform on May 26, 2026. The company's IPO documents are also made available through the company and its lead manager, subject to the applicable filing and publication schedule.
Last updated Oct 3, 2026.