R.K.Fashion Accessories IPO
Updated 30 Sept 2026, 6:50 pm.
Minimum investment (Individual investors (IND))
₹2,62,400
2 lots · 3,200 shares at the upper price band
Price band
₹77–82
Latest GMP
₹0
0.0% of the ₹82 upper band
Est. listing price
₹82
Issue size
₹34.99 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 30 Sept 2026, 6:50 pm | ₹0 | ₹82 |
| 30 Sept 2026, 6:45 pm | ₹0 | ₹82 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹77–82
- Issue size
- ₹34.99 Cr
- Lot size
- 1,600
- Opens
- 5 Oct 2026
- Closes
- 7 Oct 2026
- Allotment
- 8 Oct 2026
- Listing
- 12 Oct 2026
- Est. listing price
- ₹82
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Cameo Corporate Services Ltd.
- Minimum investment
- ₹2,62,400 (2 lots · 3,200 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Listing at
- NSE SME
- Refunds
- 9 Oct 2026
- Shares credited
- 9 Oct 2026
- Promoter holding
- 99.67% before · 72.26% after
- Lead managers
- Affinity Global Capital Market Pvt.Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 30 Sept 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 5 to 7 Oct, 2026 |
|---|---|
| Listing Date | Mon, Oct 12, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹77 to ₹82 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,67,200 shares (agg. up to ₹ 35 Cr) |
|---|---|
| Reserved for Market Maker | 2,14,400 shares (agg. up to ₹ 2 Cr) |
| Fresh Issue (Ex Market Maker) | 40,52,800 shares (agg. up to ₹ 33 Cr) |
| Net Offered to Public | 40,52,800 shares (agg. up to ₹ 33 Cr) |
| Share Holding Pre Issue | 1,12,49,563 shares |
| Share Holding Post Issue | 1,55,16,763 shares |
IPO Timetable (Tentative)
- IPO Open
- Mon, Oct 5, 2026
- IPO Close
- Wed, Oct 7, 2026
- Allotment
- Thu, Oct 8, 2026
- Refund
- Fri, Oct 9, 2026
- Credit of Shares
- Fri, Oct 9, 2026
- Listing
- Mon, Oct 12, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,62,400 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,62,400 |
| S-HNI (Min) | 3 | 4800 | ₹3,93,600 |
| S-HNI (Max) | 7 | 11200 | ₹9,18,400 |
| B-HNI (Min) | 8 | 12800 | ₹10,49,600 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
IPO Subscription Details
About R.K.Fashion Accessories Ltd.
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 (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 23.88 | 16.88 | 11.70 |
| Total Income | 31.54 | 17.82 | 14.46 |
| Profit After Tax | 6.29 | 2.00 | 0.95 |
| EBITDA | 8.52 | 3.03 | 1.29 |
| NET Worth | 16.16 | 9.81 | 7.82 |
| Reserves and Surplus | 4.91 | 9.16 | 7.16 |
| Total Borrowing | 1.70 | 0.61 | 0.61 |
| Amount in ₹ Crore |
R.K.Fashion Accessories Ltd.'s revenue increased by 77% and profit after tax (PAT) rose by 215% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Gems, Jewellery And Watches
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹91.01 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹83.00 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹426.55 |
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹72.50 |
| Deepa Jewellers Ltd. | Mainboard | ₹459.72 Cr | ₹177 | 13.85 | ₹194.37 | +9.81% | ₹188.89 |
| Priority Jewels Ltd. | Mainboard | ₹91.50 Cr | ₹200 | 15.21 | ₹241.50 | +20.75% | ₹293.64 |
| Shankesh Jewellers Ltd. | Mainboard | ₹367.18 Cr | ₹93 | 10.24 | ₹94.82 | +1.96% | ₹88.80 |
| Lalithaa Jewellery Mart Ltd. | Mainboard | ₹1,700.00 Cr | ₹201 | 9.95 | ₹248.44 | +23.60% | ₹375.00 |
| Advit Jewels Ltd. | Mainboard | ₹165.16 Cr | ₹138 | 18.41 | ₹179.46 | +30.04% | ₹290.97 |
| PNGS Reva Diamond Jewellery Ltd. | Mainboard | ₹379.52 Cr | ₹386 | 10.96 | ₹411.70 | +6.66% | ₹513.40 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 1.81 |
| 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 | — |
| 7 | To meet the offer related expenses | — |
| Total | 24.07 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 48.40% |
| ROCE | 57.74% |
| Debt/Equity | 0.11 |
| RoNW | 38.90% |
| PAT Margin | 20.71% |
| EBITDA Margin | 28.06% |
| NAV | 14.37 |
| P/B (x) | 5.71 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.59 | 4.05 |
| P/E (x) | 14.67 | 20.25 |
| Market Cap at Offer Price | ₹92.25 Cr. | ₹127.24 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group99.67%
- Public0.33%
Post IPO
- Promoter and Promoter Group72.26%
- Public27.74%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 99.67% | 72.26% |
| Public | 0.33% | 27.74% |
| Total | 100% | 100% |
Company Promoters: Md.Qasim, Mohammed Usman, Mohammed Imran and Md.Aurangzeb.
R.K.Fashion Accessories IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Cameo Corporate Services Ltd.
044-28460390/28460391/28460392
investor@cameoindia.com
IPO Lead Manager(s)
Affinity Global Capital Market Pvt.Ltd.
Contact Details
R.K.Fashion Accessories Ltd. Address
Room No. A-201
2nd Floor, Bagree Market 71
B. R. B. Basu Road,
Kolkata, West Bengal , 700001
+91 8282052929
cs@citygirljewellery.com
R.K.Fashion Accessories IPO in the news
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R.K.Fashion Accessories: common questions
Answered from this issue's own record.
