R.K.Fashion Accessories IPO – Company Analysis
R.K.Fashion Accessories IPO is a book build issue of Rs. 34.99 Cr (0.42 Cr shares) by R.K.Fashion Accessories Limited, which is in manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with the trading of branded cosmetics.
Its product portfolio comprises handcrafted imitation jewellery incorporating traditional designs with contemporary styles, catering to various segments through wholesale and direct sales channels.
The Company operates with a focus on the B2B and B2C segments, supplying its products through wholesale channels while expanding its direct presence among individual consumers. It has also adopted a multi-platform e-commerce strategy and has established corporate tie-ups to support its sales and customer base.
The Company has purchased a property on Rash Behari Avenue, Kolkata, which is currently under construction and is intended to strengthen its retail presence and expand its B2C customer base in Kolkata, particularly in areas with relatively lower concentration of its existing B2B customers.
The Company focuses on product quality through multi-stage inspection and quality control processes and maintains relationships with its customers through its B2B operations. Its business model combines traditional jewellery designs with contemporary styles while expanding its sales reach through wholesale, retail and online channels. The Company also aims to diversify its customer base through greater penetration of the B2C segment
R.K.Fashion Accessories IPO Details
The R.K.Fashion Accessories IPO date is 05 Oct 2026; its initial public offering will end on 07 Oct, IPO allotment on Oct 08 and refund initiation on Oct 09, 2026. The Rs. 34.99 crore new SME IPO comprises a wholly fresh issue of 42.67 lakh shares.
The R.K.Fashion Accessories IPO listing date (expected) might be Monday, Oct 12, 2026, and the listing on the NSE and SME.
R.K.Fashion Accessories IPO price band is Rs. 77 to Rs. 82.
|
Events |
Date |
|
IPO Opening Date |
Oct 05, 2026 |
|
IPO Closing Date |
Oct 07, 2026 |
|
IPO Allotment Date |
Oct 08, 2026 |
|
Refund Initiation |
Oct 09, 2026 |
|
IPO Listing Date |
Oct 12, 2026 |
Click to open demat account and apply for the IPO.
Company Financial
(Amount in Cr)
|
Period |
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 |
7.34 |
2.98 |
0.11 |
|
Net Worth |
16.16 |
9.81 |
7.82 |
|
Reserves & Surplus |
4.91 |
9.16 |
7.16 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(67.78) |
3.09 |
(26.10) |
|
Net Cash Flow Investing Activities |
(48.87) |
(23.05) |
(214.57) |
|
Net Cash Flow Financing Activities |
115.49 |
(0.02) |
145.61 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- To meet the working capital requirements. ~ Rs. 5.21 Cr.
- To finance establishment of a new plating facility at Baruipur, Kolkata, West Bengal. ~ Rs. 8.80 Cr.
- To establish the proposed new B2B showroom in Kolkata. ~ Rs. 5.37 Cr.
- To establish and complete B2C Stores in Kolkata. ~ Rs. 2.48 Cr.
- To establish inventory cost for the proposed new showroom and stores. ~ Rs. 5.60 Cr.
- General Corporate Purposes.
Listed Peers of R.K.Fashion Accessories Ltd.
|
Name of the Company |
Face value (₹) |
Basic EPS (₹) |
P/E (x) |
|
Banaras Beads Limited |
10 |
2.69 |
44.31 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
48.40% |
|
ROCE |
57.74% |
|
Debt/Equity |
0.11 |
|
RoNW |
38.90% |
|
PAT Margin |
20.71% |
|
EBITDA Margin |
24.16% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 5.59 from the last year, the resulting P/E ratio is 14.67x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
5.59 |
4.71 |
|
P/E (x) |
14.67 |
17.41 |
Explore the Acme India Industries IPO.
IPO's Strengths
- Strategic corporate tie-ups.
- Growing B2C and retail presence.
- Multi-platform e-commerce strategy.
- Established B2B customer relationships.
IPO's Weaknesses
- High revenue dependence on West Bengal and eastern India markets.
- Complete dependence on outside contract makers introduces supply and quality risks.
- Requires continuous inventory holding and intensive working capital management.
R.K.Fashion Accessories IPO GMP (Grey Market Premium)
R.K.Fashion Accessories IPO GMP today is Rs. 1.5 as of 07 October 2026. At the upper price band of Rs. 82, this suggests an expected listing price of around Rs. 89, a premium of nearly 8.5%. GMP is an unofficial indicator that changes daily with demand and subscription, so track the live IPO GMP today page for updated numbers across all mainboard and SME issues.
| Date | GMP | Expected listing price | Expected gain |
|---|---|---|---|
| 07 Oct 2026 | Rs. 15 | Rs. 97 | 18.29% |
Since this is an SME issue, its premium can move sharply before listing. You can compare it with the SME IPO GMP and subscription status of other ongoing issues, or see how similar issues are priced in the grey market, like the Dove Soft IPO and Vans Electroengineerings IPO.
R.K.Fashion Accessories IPO Summary
|
IPO Opening & Closing Date |
05 Oct, 2026 to 07 Oct, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 77 to Rs. 82 per Share. |
|
Lot Size |
1600 Shares |
|
Issue Size |
42,67,200 Shares (Rs. 35 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
40,52,800 Shares (Rs. 33 Cr) |
|
Market Makers |
2,14,400 Shares (Rs. 2 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Cameo Corporate Services Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,62,400, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 3,93,600.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
R.K.Fashion Accessories IPO Allotment Status
To check the R.K.Fashion Accessories IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of R.K.Fashion Accessories Ltd.
-
Md.Qasim
-
Mohammed Usman
-
Mohammed Imran
-
Md.Aurangzeb.
|
Pre-Issue Promoter Shareholding |
99.67% |
|
Post-Issue Promoter Shareholding |
72.26% |
IPO Lead Managers
Affinity Global Capital Market Pvt. Ltd.
Dividend Policy
The company has not paid a dividend in any FY.
Conclusion
R.K.Fashion Accessories IPO offers strong profitability, attractive return ratios and a growing presence across B2B, B2C and online channels. However, investors should consider its regional revenue concentration, dependence on contract manufacturers and working-capital requirements.
At the upper price band of ₹82, the IPO is valued at a post-issue P/E of 17.41x, which may be compared with its financial growth and associated business risks before investing.
Other Related Blogs:-
Dove Soft IPO
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the company, click here to download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
