R.K. Fashion Accessories IPO is an NSE EMERGE Book Built public issue by R.K. Fashion Accessories Limited. The public issue consists entirely of a fresh issue of equity shares. After the completion of the IPO process, the company’s equity shares are proposed to be listed on the NSE SME platform.
The objective of the fresh issue is to meet the company’s working capital requirements and finance planned business expansion, including a new plating facility, a proposed B2B showroom, completion of B2C stores, and inventory requirements. The company will receive the proceeds from the fresh issue after applicable issue-related expenses and other adjustments.
R.K. Fashion Accessories Limited is a Kolkata-based company engaged in the manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with the trading of branded cosmetics. The company offers traditional and contemporary jewellery products through brands including City Girl and Manikya. Its product range covers wedding, festive and daily-wear jewellery categories.
The company operates through B2B wholesale distribution, e-commerce retailing and corporate retail partnerships. It has also expanded its physical retail presence through Shop-in-Shop counters and is developing its B2C presence in Kolkata. The company follows an asset-light contract manufacturing model supported by third-party manufacturers and skilled artisans. Investors should evaluate the company’s financial performance, business model, expansion plans, valuation, industry conditions and associated risks before making an investment decision.
Table of Contents
R.K. Fashion Accessories IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | R.K. Fashion Accessories IPO |
| Company Name | R.K. Fashion Accessories Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹77 to ₹82 Per Share |
| Issue Size | ₹34.99 Crore |
| Fresh Issue | ₹34.99 Crore |
| Offer for Sale | |
| IPO Open Date | 5 October 2026 |
| IPO Close Date | 7 October 2026 |
| Anchor Investor Bidding | |
| Basis of Allotment | 8 October 2026 |
| Refund Initiation | 9 October 2026 |
| Shares Credited to Demat Account | 9 October 2026 |
| Listing Date | 12 October 2026 |
| Listing Exchange | NSE SME |
| Lot Size | 1,600 Equity Shares |
| Minimum Retail Application | 3,200 Equity Shares |
| Registrar | Cameo Corporate Services Limited |
| Book Running Lead Manager | Affinity Global Capital Market Private Limited |
The company proposes to use the fresh issue proceeds for working capital requirements, establishing a new plating facility at Baruipur, Kolkata, setting up a proposed B2B showroom, completing B2C stores and funding inventory for the proposed showroom and stores. The remaining proceeds are proposed for general corporate purposes and offer-related expenses.
R.K. Fashion Accessories IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | |
| IPO Opening Date | 5 October 2026 |
| IPO Closing Date | 7 October 2026 |
| Basis of Allotment | 8 October 2026 |
| Refund Initiation | 9 October 2026 |
| Shares Credited to Demat Account | 9 October 2026 |
| Listing Date | 12 October 2026 |
After the allotment process is completed, successful applicants will receive the allotted shares in their demat accounts before the company’s shares begin trading on the stock exchange.
R.K. Fashion Accessories IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each investor category will depend on the number of valid applications received during the IPO subscription period. A separate market maker reservation portion of 2,14,400 equity shares is provided in the issue structure.
R.K. Fashion Accessories IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 3,200 Shares | ₹2,62,400 |
| Retail Maximum | 3,200 Shares | ₹2,62,400 |
| S-HNI Minimum | 4,800 Shares | ₹3,93,600 |
| S-HNI Maximum | 11,200 Shares | ₹9,18,400 |
| B-HNI Minimum | 12,800 Shares | ₹10,49,600 |
The application values shown above are calculated using the upper price band of ₹82 per equity share. Investors can bid for a minimum of 3,200 shares, equivalent to two lots of 1,600 shares, and thereafter in multiples of 1,600 shares.
About R.K. Fashion Accessories Limited
R.K. Fashion Accessories Limited was originally incorporated on March 23, 2010, under the name Satabadi Distributor Private Limited. The company subsequently changed its name to R.K. Fashion Accessories Private Limited and was later converted into a public limited company in 2026. The company received its fresh Certificate of Incorporation dated March 16, 2026, following the conversion into a public limited company.
The company is engaged in the manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, together with the trading of branded cosmetics. It develops and markets jewellery products that combine traditional design elements with contemporary styles. Its product portfolio is designed to serve wedding, festive and everyday fashion requirements across different customer segments.
R.K. Fashion Accessories operates through multiple sales channels, including B2B wholesale, e-commerce retailing and corporate retail partnerships. The company operates Shop-in-Shop counters through corporate relationships and also sells jewellery through its own online platforms and other e-commerce marketplaces. The business has a significant B2B contribution, while its digital and retail channels provide additional customer reach.
The company follows a contract manufacturing model in which jewellery designs are developed based on market research, customer preferences and prevailing fashion trends, while production is undertaken by third-party manufacturers and artisans. The company’s brands include City Girl and Manikya. As of March 31, 2026, the company had 50 permanent employees.
Business Operations
R.K. Fashion Accessories Limited operates a diversified fashion jewellery and personal care business through several sales channels.
- Imitation Jewellery: The company offers traditional and contemporary imitation jewellery across multiple categories and price points.
- City Girl Brand: The brand focuses on gold-plated and wedding as well as daily-wear jewellery products.
- Manikya Brand: The brand offers Cubic Zirconia and American Diamond jewellery.
- B2B Wholesale: Wholesale distribution is the company’s principal sales channel and contributes the majority of its revenue.
- Shop-in-Shop Counters: The company operates around 120 Shop-in-Shop counters through corporate partnerships with retail chains.
- E-Commerce: The company sells through its own online platforms and multiple e-commerce marketplaces.
- Corporate Retail Partnerships: Corporate partnerships provide the company with physical retail presence through Shop-in-Shop arrangements.
- Branded Cosmetics: In addition to jewellery, the company trades in branded cosmetic products.
- B2C Expansion: The company is expanding its direct consumer presence in Kolkata through planned B2C stores.
Industry Overview
India’s jewellery market includes both traditional precious jewellery and the growing non-gold and fashion jewellery segment. The non-gold jewellery category is supported by demand for affordable products, changing fashion preferences and increasing acceptance of imitation and fashion jewellery among younger consumers.
The jewellery industry is also witnessing a gradual shift from fragmented and unorganised channels towards more organised retail and branded businesses. E-commerce platforms and digital marketplaces have created additional distribution opportunities for fashion jewellery companies by allowing them to reach customers beyond their physical markets.
The fashion jewellery segment is influenced by changing consumer preferences, wedding and festive demand, disposable income, fashion trends and product affordability. Companies operating in this segment need to maintain a regular flow of new designs while managing inventory, raw material costs, customer demand and distribution efficiency.
Business Strategy
R.K. Fashion Accessories Limited plans to strengthen its business through investment in manufacturing-related infrastructure and expansion of its sales network.
The company proposes to establish a new plating facility at Baruipur, Kolkata, which is intended to support its jewellery operations. It also plans to establish a new B2B showroom and complete B2C stores in Kolkata. Additional funds are proposed for inventory requirements for the new showroom and stores.
The company also intends to continue using multiple distribution channels, including B2B wholesale, Shop-in-Shop counters and e-commerce platforms. By expanding physical and digital customer access, the company seeks to strengthen its market presence and support future revenue growth.
R.K. Fashion Accessories IPO Financial Information
A company’s financial performance provides valuable insights into its revenue growth, profitability, operational efficiency, and financial stability. Reviewing financial statements over multiple years helps investors understand how the business has expanded and how effectively it has generated earnings from its operations.
R.K. Fashion Accessories Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹13.28 Crore | ₹17.77 Crore | ₹30.36 Crore |
| Total Income | ₹14.46 Crore | ₹17.82 Crore | ₹31.54 Crore |
| EBITDA | ₹1.29 Crore | ₹3.03 Crore | ₹8.52 Crore |
| Profit Before Tax (PBT) | |||
| Profit After Tax (PAT) | ₹0.95 Crore | ₹2.00 Crore | ₹6.29 Crore |
| Net Worth | ₹7.82 Crore | ₹9.81 Crore | ₹16.16 Crore |
| Total Borrowings | ₹0.61 Crore | ₹0.61 Crore | ₹1.70 Crore |
R.K. Fashion Accessories IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s profitability, operational efficiency, financial strength, and capital utilisation. These financial ratios provide additional insights into the company’s overall business performance.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 48.40% |
| Return on Capital Employed (ROCE) | 57.74% |
| Return on Net Worth (RONW) | 38.90% |
| EBITDA Margin | 28.06% |
| PAT Margin | 20.71% |
| Debt-to-Equity Ratio | 0.11 |
| Earnings Per Share (EPS) | ₹5.59 |
| Net Asset Value (NAV) Per Share | ₹14.37 |
| Price to Earnings (P/E) | 14.67x |
| Pre-IPO EPS | ₹5.59 |
| Post-IPO EPS | ₹4.05 |
| Pre-IPO P/E | 14.67x |
| Post-IPO P/E | 20.25x |
Objects of the R.K. Fashion Accessories IPO
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- To meet the working capital requirements – ₹1.81 Crore.
- To finance establishment of a new plating facility at Baruipur, Kolkata, West Bengal – ₹8.80 Crore.
- To finance establishment of a proposed new B2B showroom in Kolkata – ₹5.37 Crore.
- To finance completion of B2C stores in Kolkata – ₹2.48 Crore.
- To finance inventory cost for the proposed new showroom and stores – ₹5.60 Crore.
- General corporate purposes.
- To meet offer-related expenses.
The fresh issue proceeds are intended to support working capital and business expansion. The proposed investments are focused mainly on strengthening the company’s operating infrastructure and expanding its retail and distribution footprint.
R.K. Fashion Accessories IPO Listing Performance
The listing performance reflects how the company’s shares perform on the stock exchange after the IPO. While listing gains indicate initial market response, long-term returns depend on the company’s financial performance, operational execution, expansion strategy, and future business prospects.
| Particular | Value |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 12 October 2026 |
| Issue Price | ₹82 Per Share |
| Listing Price | |
| Listing Gain | |
| Listing Gain (%) |
The listing performance will be available after the company’s shares commence trading on the stock exchange. Investors should consider the company’s business fundamentals, financial performance and valuation rather than relying only on initial listing movements.
R.K. Fashion Accessories IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription generally reflects market participation, although investment decisions should also consider valuation, financial performance, business risks and long-term prospects.
R.K. Fashion Accessories IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | |
| Non-Institutional Investors (NII) | |
| Retail Individual Investors (RII) | |
| Employee Category | |
| Total Subscription |
The final subscription figures will be available after the IPO closes. They will provide an indication of investor participation across various categories.
R.K. Fashion Accessories IPO Review
R.K. Fashion Accessories Limited operates in the imitation jewellery and branded cosmetics segments, with its primary business focused on jewellery manufacturing through contract manufacturers and wholesale distribution. The company has developed brands such as City Girl and Manikya and offers products across wedding, festive and daily-wear categories.
The company has a multi-channel distribution model covering B2B wholesale, Shop-in-Shop counters, corporate retail partnerships and e-commerce. Its B2B channel contributes the majority of revenue, while e-commerce and retail partnerships provide additional avenues for customer acquisition and geographic reach.
The company has reported strong growth in revenue and profitability over the last three financial years. Revenue from operations increased from ₹13.28 crore in FY2024 to ₹30.36 crore in FY2026, while PAT increased from ₹0.95 crore to ₹6.29 crore during the same period. Net worth also increased from ₹7.82 crore in FY2024 to ₹16.16 crore in FY2026.
However, investors should also consider risks related to dependence on contract manufacturers, fluctuations in raw material prices, changing fashion trends, customer concentration, working-capital requirements, inventory management, competition and the company’s dependence on B2B sales. The company’s proposed expansion will also require effective execution and management of capital and operating resources.
Overall, R.K. Fashion Accessories Limited operates in a fashion-oriented market supported by demand for affordable jewellery and expanding digital distribution channels. Investors should carefully evaluate the company’s financial performance, valuation, business strategy, competitive environment and risk factors before investing.
R.K. Fashion Accessories IPO Strengths
- Diversified sales channels across B2B wholesale, e-commerce, Shop-in-Shop counters and corporate retail partnerships.
- Wide jewellery product portfolio covering wedding, festive and daily-wear requirements across different customer segments.
- Established brands including City Girl and Manikya serving different jewellery categories.
- Multi-platform e-commerce strategy providing access to customers through the company’s online platforms and other marketplaces.
- Strong recent financial growth, with revenue and profitability increasing significantly between FY2024 and FY2026.
- Planned infrastructure and retail expansion through a new plating facility, B2B showroom, B2C stores and inventory investment.
R.K. Fashion Accessories IPO Risk Factors
- Dependence on contract manufacturers: The company relies on independent third-party manufacturers for jewellery production, and disruption in their operations may affect production and supply.
- Raw material price fluctuations: Changes in prices of gold, copper and other raw materials may affect product costs and profitability.
- Customer concentration: A significant portion of revenue is generated through B2B customers, making the company dependent on continued demand from wholesale customers.
- Changing fashion preferences: Demand for fashion jewellery can be affected by changing consumer preferences, fashion trends and seasonal demand.
- Working-capital requirements: Expansion of operations and inventory requirements may increase the company’s working-capital needs.
- Competition and execution risks: The company operates in a competitive market and its planned expansion projects require effective execution and utilisation of capital.
R.K. Fashion Accessories IPO Promoters
R.K. Fashion Accessories Limited is promoted by individuals who have been involved in the company’s business and operations. The promoters are responsible for the strategic direction and management of the company and have contributed to the development of its jewellery distribution and retail operations.
R.K. Fashion Accessories IPO Promoters Details
| Promoter | Designation |
|---|---|
| Md. Qasim | Promoter / Managing Director |
| Mohammed Usman | Promoter |
| Mohammed Imran | Promoter |
| Md. Aurangzeb | Promoter |
R.K. Fashion Accessories IPO Management Team
The company is led by a management team responsible for business operations, finance, compliance and corporate governance. The management team focuses on the company’s jewellery business, expansion plans, financial management and regulatory compliance.
| Name | Designation |
|---|---|
| Md. Qasim | Managing Director / Chairman |
| Md. Khurshid Alam | Chief Financial Officer |
| Ravi Kumar Bahl | Company Secretary & Compliance Officer |
R.K. Fashion Accessories IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds, and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | Cameo Corporate Services Limited |
| Website | https://ipo.cameoindia.com/ |
| IPO Allotment Status | https://ipo.cameoindia.com/ |
| Email ID | [email protected] |
| Contact Number | +91-44-40020700 / 28460390 / 28460391 / 28460392 |
R.K. Fashion Accessories IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory compliance, and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | Affinity Global Capital Market Private Limited |
| Address | 20B, Abdul Hamid Street, East India House, 1st Floor, Room No. 1G, Kolkata – 700069 |
| Phone | +91 33 4004 7188 |
| Website | https://affinityglobalcap.in/ |
R.K. Fashion Accessories Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | R.K. Fashion Accessories Limited |
| Registered Office | Room No. A-201, 2nd Floor, Bagree Market, 71, B. R. B. Basu Road, Kolkata – 700001, West Bengal |
| Website | https://citygirljewellery.co.in/ |
| Email ID | [email protected] |
| Contact Number | +91 8282052929 |
How to Check R.K. Fashion Accessories IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the NSE IPO platform.
Through Cameo Corporate Services Limited
- Visit the official Cameo IPO allotment portal.
- Select R.K. Fashion Accessories IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through NSE
- Visit the official NSE IPO-related investor section.
- Select R.K. Fashion Accessories IPO from the relevant issue list.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
R.K. Fashion Accessories IPO Conclusion
R.K. Fashion Accessories IPO provides investors with an opportunity to participate in the public issue of a Kolkata-based company operating in imitation jewellery, fashion accessories and branded cosmetics. The company has established brands, multiple sales channels and a business model supported by contract manufacturers and wholesale distribution.
The company has reported significant growth in revenue and profitability over the last three financial years. Its proposed IPO investments are focused on working capital, a new plating facility, a new B2B showroom, B2C store expansion and inventory requirements.
At the same time, investors should consider the company’s dependence on third-party manufacturers, B2B customers, raw material prices, changing fashion trends, inventory requirements and competitive conditions. The execution of its proposed expansion plans will also be important for future business performance.
A detailed assessment of the company’s financial performance, valuation, business strategy, industry outlook, promoter background and risk factors can help investors determine whether the IPO is suitable for their investment objectives.
R.K. Fashion Accessories IPO FAQs
What is R.K. Fashion Accessories IPO?
R.K. Fashion Accessories IPO is an upcoming SME public issue of R.K. Fashion Accessories Limited. The issue comprises a fresh issue of equity shares and is proposed to be listed on the NSE SME platform.
What is the price band of R.K. Fashion Accessories IPO?
The price band of R.K. Fashion Accessories IPO is ₹77 to ₹82 per equity share.
What is the issue size of R.K. Fashion Accessories IPO?
The total issue size of R.K. Fashion Accessories IPO is approximately ₹34.99 crore, comprising a fresh issue of 42,67,200 equity shares.
When will the R.K. Fashion Accessories IPO open?
The R.K. Fashion Accessories IPO will open for subscription on 5 October 2026.
When will the R.K. Fashion Accessories IPO close?
The IPO will close for subscription on 7 October 2026.
On which stock exchange will R.K. Fashion Accessories shares be listed?
The company’s equity shares are proposed to be listed on the NSE SME platform.
Who is the registrar for the R.K. Fashion Accessories IPO?
Cameo Corporate Services Limited is the registrar to the R.K. Fashion Accessories IPO.
What is the face value of R.K. Fashion Accessories IPO shares?
The face value of each equity share is ₹10.
What does R.K. Fashion Accessories Limited do?
R.K. Fashion Accessories Limited is engaged in manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with trading in branded cosmetics. The company sells jewellery through B2B wholesale, e-commerce, Shop-in-Shop and corporate retail channels.
What are the objects of the R.K. Fashion Accessories IPO?
The company intends to utilise the IPO proceeds for working capital requirements, establishing a new plating facility at Baruipur, setting up a proposed B2B showroom in Kolkata, completing B2C stores, funding inventory requirements, general corporate purposes and offer-related expenses.
