R.K. Fashion Accessories Limited IPO
Open now5–7 Oct 2026
What stands out in the offer document
The five questions
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1How it makes money₹82 of every ₹100 of sales comes from its "Imitation Jewellery" segment. ₹79 of every ₹100 comes from West Bengal and Rest of India.
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2Is it growing, and is profit turning into cash?Sales grew 2.3x from 2024 to 2026 (₹13.3 cr → ₹30.4 cr). Over 3 years it made ₹9.2 cr of profit and brought in −₹0.9 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.11 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyAll the money raised goes to the company. At ₹82 you pay about ₹15 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 100% before the IPO.
New to these terms? What a DRHP is · New shares vs shareholders selling · Lock-in periods
From the draft document. The final prospectus may change it.
Latest update:
Price band ₹77–₹82 · Closes 7 Oct 2026 · Allotment 8 Oct 2026 (Expected) · Lists 12 Oct 2026 (Expected)
What R.K. Fashion Accessories Limited does
R.K. Fashion Accessories Limited is a Kolkata-based company involved in the manufacturing through contract manufacturers and wholesale distribution of fashion jewellery, along with the trading of branded cosmetics.
R.K. Fashion Accessories Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 13 | 18 | 30 | |
| Operating Profit | 1 | 3 | 9 | |
| OPM % | 9.7% | 17.0% | 28.1% | |
| Net Profit | 1 | 2 | 6 | |
| Total Debt | 1 | 1 | 2 |
R.K. Fashion Accessories Limited IPO offer structure
Fresh issue: ₹35 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
The document states these as share counts against a blank amount, because the price band is announced separately. Converted here at the cap of ₹82, with each count cited to its page.
Use of proceeds- To meet the working capital requirements: ₹2 cr
- New plating facility at Baruipur, Kolkata West Bengal: ₹9 cr
- Proposed new B2B showroom in Kolkata: ₹5 cr
- Interiors and Furnishings at B2C Stores in Kolkata: ₹2 cr
- Inventory cost for the proposed new showroom and stores: ₹6 cr
R.K. Fashion Accessories Limited promoters and holding
- Mr. Md. Qasim: Chairman & Managing Director
- Mr. Mohammed Usman: Director & Chief Executive Officer
- Mr. Mohammed Imran: Whole Time Executive Director
- Mr. Md. Aurangzeb: Director
R.K. Fashion Accessories Limited risks and strengths
Risk factors the company discloses, then the strengths it claims, both from the offer document.
- Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues. (p.42)
- We are dependent on our suppliers for uninterrupted supply of Raw-Materials. (p.43)
- Our manufacturing relies on contract manufacturers who operate independently, which could introduce us to potential risks. (p.44)
- Our business is both manpower and machine intensive and may be adversely affected by strikes or work stoppages. (p.44)
- Our Company operations require significant amount of working capital for a continuing growth. (p.44)
- Blending Heritage with Contemporary Jewellery- We operate a production facility staffed by a team of skilled artisans and craftsmen. (p.196)
- Efficient B2B Support and Retention of Customers- We support B2B operations through a structured service framework. (p.197)
- Multi-Platform E-Commerce Strategy- The brand “Manikya Jewellery,” under RK Fashion Accessories, has established a notable presence across various online channels. (p.197)
- Strategic High-Value Corporate Tie-ups- Our company has formed corporate partnerships with several national retail chains. (p.198)
- Consistent Revenue Growth and Diversification- We have maintained a pattern of steady growth, registering year-on-year revenue increases. (p.198)
R.K. Fashion Accessories Limited peer comparison: DRHP median P/E 46.3x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Banaras Beads Ltd. | — | 46.3x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
R.K. Fashion Accessories Limited market and competition
Our company’s industry is characterised by the presence of multiple organised and unorganised players. Stated competitor is Banaras Beads Limited.
R.K. Fashion Accessories Limited outlook, as the document states it
The company proposes to utilize the Net Proceeds to meet working capital requirements, establish a new plating facility at Baruipur, Kolkata, West Bengal, establish a new B2B showroom in Kolkata, complete B2C stores in Kolkata, and fund inventory costs for the proposed new showroom and stores.
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R.K. Fashion Accessories Limited IPO: common questions
When does the R.K. Fashion Accessories Limited IPO open and close?
The R.K. Fashion Accessories Limited IPO is open from 5 Oct 2026 to 7 Oct 2026.
What is the R.K. Fashion Accessories Limited IPO price band?
The price band is ₹77–₹82 per share.
What is the lot size and minimum investment for the R.K. Fashion Accessories Limited IPO?
One lot is 1600 shares, and a retail application must be at least one lot. That is about ₹2,62,400 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the R.K. Fashion Accessories Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 8 Oct 2026, refund/unblock around 9 Oct 2026 and listing around 12 Oct 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the R.K. Fashion Accessories Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 714 SME IPOs that have listed on the NSE since 2016, 566 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.