R.K.Fashion Accessories IPO
OPENSMERKFALOpen Now
Closes today
Latest GMP
₹15 (+18.29%)
- Price Band
- ₹77 – ₹82
- Lot Size
- 1,600
- Lot Value
- ₹1,31,200
- Open Date
- 05 Oct05 Oct 2026
- Close Date
- 07 Oct07 Oct 2026
- Min Investment
- ₹1,31,200
Apply now Partner links
About R.K.Fashion Accessories
R.K. Fashion Accessories operates as a Kolkata-based manufacturer and wholesale distributor of fashion jewellery, alongside trading in branded cosmetics. The company produces handcrafted jewellery that blends traditional designs with contemporary styles, utilizing a network of third-party contract manufacturers for its production processes. Its core business centers on distributing these products across multiple channels, including business-to-business wholesale networks, direct-to-consumer retail stores, e-commerce platforms, and a Shop-in-Shop retail model. Revenue is predominantly generated through its wholesale distribution segment, which accounts for the vast majority of its sales. The company maintains a highly concentrated market presence in eastern India, particularly in West Bengal, Odisha, Bihar, and Jharkhand. By strategically combining outsourced manufacturing with a diversified sales and distribution framework, the company caters to varied market segments within the fashion and personal care sectors.
Manufactures imitation jewellery through contract manufacturers, trades cosmetics, and operates retail and wholesale distribution channels including online e-commerce platforms.
Use of IPO Proceeds
Total allocation: ₹24.07 Cr (excludes issue expenses)
Promoters
MD Qasim
Promoter cum Managing Director · age 70
Mohammed Usman
Promoter cum Chief Executive Officer · age 42
Mohammed Imran
Promoter
Pre-issue: 0.02%
MD Aurangzeb
Promoter
Pre-issue: 0.02%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: NSE SME
Strengths (5)
- •Multi-channel distribution network across B2B, B2C, e-commerce, and retail.
- •Diverse portfolio spanning handcrafted fashion jewellery and branded cosmetics.
- •Expanding scale through upcoming company-owned B2B and B2C showrooms.
- •Investing in an in-house plating facility to enhance manufacturing control.
- •Strong regional footprint with over 86% of revenue from eastern India.
Risk Factors (5)
- •100% reliant on third-party contract manufacturers.
- •Revenue is highly concentrated in Eastern India.
- •Changing fashion trends risk inventory obsolescence.
- •High inventory and extended receivables strain capital.
- •Lacks definitive agreements for proposed new showrooms.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- GMP ₹15 (+18.3%), unofficial, as of 07 Oct 2026, 09:45 AM IST
GMP Trend
Latest: ₹15 (+18.29%)Quick Profit Calculator
Pre-filled: Issue Price = ₹82, Lot Size = 1600 shares
Number of Lots
| Lots | Investment | At GMP | Profit | Return |
|---|---|---|---|---|
| 1 | ₹1,31,200 | ₹97 | +₹24,000 | +18.3% |
| 2 | ₹2,62,400 | ₹97 | +₹48,000 | +18.3% |
| 3 | ₹3,93,600 | ₹97 | +₹72,000 | +18.3% |
| 5 | ₹6,56,000 | ₹97 | +₹1,20,000 | +18.3% |
| 10 | ₹13,12,000 | ₹97 | +₹2,40,000 | +18.3% |
Estimated profit based on GMP. Actual listing price may vary.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,31,200 |
| Retail (max) | 1 | 1,600 | ₹1,31,200 |
| S-HNI (min) | 2 | 3,200 | ₹2,62,400 |
| S-HNI (max) | 7 | 11,200 | ₹9,18,400 |
| B-HNI (min) | 8 | 12,800 | ₹10,49,600 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | — | — | — |
| sNII (S-HNI) | — | — | — |
| bNII (B-HNI) | — | — | — |
| Retail | — | — | — |
| Total | — | — | — |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Weigh your chances
IPO Timeline
Issue Opens
05 Oct 2026 · Mon
Issue Closes
07 Oct 2026 · Wed · Today
UPI Deadline
07 Oct 2026 · Wed · Today
Allotment
08 Oct 2026 · Thu · Tomorrow
Refund
09 Oct 2026 · Fri
Share Credit
09 Oct 2026 · Fri
Listing
12 Oct 2026 · Mon
Issue Opens
05 Oct 2026 · Mon
Issue Closes
07 Oct 2026 · Wed · Today
UPI Deadline
07 Oct 2026 · Wed · Today
Allotment
08 Oct 2026 · Thu · Tomorrow
Refund
09 Oct 2026 · Fri
Share Credit
09 Oct 2026 · Fri
Listing
12 Oct 2026 · Mon
IPO Details
| Registrar | — |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹34.99 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | — | 6.29 | 5.59 | 14.67 | 38.90% |
| FY25 | — | 2 | 1.78 | 46.19 | 20.35% |
| FY24 | — | 0.95 | 0.84 | 97.33 | 12.12% |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| EBITDA | 1.29 | 3.03 | 8.52 |
| Net Worth | 7.82 | 9.81 | 16.16 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
14.7x
Price ÷ EPS
EPS (FY26)
₹6
Earnings per share
RoNW
38.90%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
—
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
12 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | ₹11249563.00 Cr |
| Equity Shares (Pre-Issue) | 1,12,49,563 |
| Equity Shares (Post-Issue) | — |
Source: R.K.Fashion Accessories offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in R.K.Fashion Accessories's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in R.K.Fashion Accessories's filing.
Source: R.K.Fashion Accessories offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: R.K.Fashion Accessories offer document (DRHP/RHP).
Board & Management
Board of Directors (3)
- MD Qasim₹0.02 Cr p.a.
Chairman cum Managing Director
12th Standard
Over 12 years of experience in the business sector
- Mohammed Imran
Whole Time Executive Director
Bachelor's Degree in Commerce from the University of Calcutta
Associated with the Company since October 3, 2025
- Mohammed Usman₹0.10 Cr p.a.
Director & Chief Executive Officer
Bachelor's Degree in Commerce from University of Calcutta
Associated with the Company since inception; redesignated as CEO on February 25, 2026
Source: R.K.Fashion Accessories offer document (DRHP/RHP).
Industry & Market
Industry figures as stated in R.K.Fashion Accessories's offer document.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| R. K. Fashion Accessories Limited | — | 5.59 | 38.9 | 14.37 |
| Banaras Beads Ltd. | 46.34 | 2.46 | 2.57 | 95.97 |
Documents
Frequently Asked Questions
When is the R.K.Fashion Accessories IPO opening?
The R.K.Fashion Accessories IPO opens on 05 Oct 2026 and closes on 07 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the R.K.Fashion Accessories IPO?
The price band for the R.K.Fashion Accessories IPO is ₹77 to ₹82. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the R.K.Fashion Accessories IPO?
The minimum lot size is 1600 shares with a minimum investment of ₹1,31,200. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of R.K.Fashion Accessories IPO today?
The latest Grey Market Premium for R.K.Fashion Accessories is ₹15 (+18.29%). GMP is unofficial data and is not a guarantee of listing price.
When will the R.K.Fashion Accessories IPO list on NSE and BSE?
The R.K.Fashion Accessories IPO is expected to list on 12 Oct 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the R.K.Fashion Accessories IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the R.K.Fashion Accessories IPO a mainboard or SME issue?
R.K.Fashion Accessories is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the R.K.Fashion Accessories IPO?
You can apply for the R.K.Fashion Accessories IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of R.K.Fashion Accessories IPO?
The GMP-implied price (unofficial, not a forecast) is ₹97: the upper price band of ₹82 plus the latest grey market premium of ₹15, as of 07 Oct 2026, 09:45 AM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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