R.K.Fashion Accessories IPO
Grey Market Premium (GMP)
Last updated: 10 Oct 2026, 5:30 am IST
GMP trend over the last 229 readings: rising, from ₹0 to ₹1.5 (range ₹0 to ₹15).
GMP is an unofficial figure from grey market dealers and is not a guarantee of listing price.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 14.11x |
| NII | 1.77x |
| sNII (₹2L–₹10L) | 1.79x |
| bNII (above ₹10L) | 1.77x |
| Retail (RII) | 3.11x |
| Total | 2.7x |
Bidding day 3 · last updated 10 Oct 2026, 5:30 am IST
IPO Details
- Open Date
- 5 Oct 2026
- Close Date
- 7 Oct 2026
- Listing Date
- 12 Oct 2026
- Face Value
- ₹10
- Fresh Issue
- ₹33.23 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE
- Registrar
- Cameo Corporate Services
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,62,400 |
| HNI (Min) | 3 | 4,800 | ₹3,93,600 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| QIB (ex-anchor) | 43,200 | 1.07% |
| NII | 16,06,400 | 39.64% |
| — sNII (< ₹10L) | 5,36,000 | 13.23% |
| — bNII (> ₹10L) | 10,70,400 | 26.41% |
| Retail | 24,03,200 | 59.3% |
| Total | 40,52,800 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 14.46 | 0.95 | 0.11 | 7.82 | 11.7 | 0.61 | — |
| FY 2025 | 17.82 | 2 | 2.98 | 9.81 | 16.88 | 0.61 | — |
| FY 2026 | 31.54 | 6.29 | 7.34 | 16.16 | 23.88 | 1.7 | — |
| Jun 2026 (interim) | 7.49 | 1.83 | 2.55 | 17.99 | 28.32 | 3.06 | 5.59 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 14.67x
- P/E (post-issue)
- 17.41x
- RoNW
- 40.66%
- RoE
- 10.71%
- RoCE
- 12.56%
- Debt / Equity
- 0.17
- EPS (pre-issue)
- ₹5.59
- EPS (post-issue)
- ₹4.71
- EBITDA Margin
- 34.08%
- PAT Margin
- 24.4%
- P/BV
- 5.13x
- NAV / share
- ₹15.99
- Market Cap
- ₹127.24 Cr
As of 30 Jun 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| To meet the working capital requirements | ₹5.21 Cr |
| To Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal | ₹8.8 Cr |
| To Finance Establishment of-Proposed new B2B showroom in Kolkata | ₹5.37 Cr |
| To Finance Establishment of-Completion of B2C Stores in Kolkata | ₹2.48 Cr |
| To Finance Establishment of-Inventory cost for the proposed new showroom and stores | ₹5.6 Cr |
| General Corporate Purposes | Not disclosed |
Net-proceeds utilisation as disclosed in the offer document.
Promoters & Shareholding
Promoters: <p>Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb</p>
- Holding (pre-issue)
- 99.67%
- Holding (post-issue)
- 72.26%
- Dilution
- 27.41%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| R.K.Fashion Accessories | 6.5 | 15.99 | — | 40.66% | — | Restated |
| Banaras Beads Ltd. | 2.69 | 87.38 | 44.31x | 3.08% | 1.37x | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
About the R.K.Fashion Accessories IPO
The R.K.Fashion Accessories SME IPO runs from 5 Oct 2026 to 7 Oct 2026, offered at a price band of ₹77–82 per share, and is set to list on NSE. The company is looking to raise ₹34.99 crore through the offer. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,62,400.
Issue structure
The IPO is structured entirely as a fresh issue of ₹33.23 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward to finance establishment of-new plating facility at baruipur, kolkata west bengal (₹8.8 crore), alongside to finance establishment of-inventory cost for the proposed new showroom and stores (₹5.6 crore). In all, 6 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, R.K.Fashion Accessories reported revenue of ₹7.49 crore and a net profit of ₹1.83 crore. Revenue declined from ₹14.46 crore in FY2024 to ₹7.49 crore in FY2026 (-48.0%). Net worth stood at ₹17.99 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 17.41× post-issue earnings and 5.13× book value, against a return on net worth of 40.66% and a debt-to-equity ratio of 0.17. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb</p>. Promoter holding stands at 99.67% before the issue and comes down to 72.26% after listing.
Grey market premium (GMP)
In the unofficial grey market, R.K.Fashion Accessories shares are quoted at a premium of ₹1.5 implying an expected listing around ₹83.5, about +1.8% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The R.K.Fashion Accessories IPO was subscribed 2.7 times overall. The strongest demand came from qualified institutional buyers (QIB) at 14.11 times, with non-institutional investors (NII) at 1.77× and retail investors at 3.11×.
What to weigh
When evaluating the R.K.Fashion Accessories IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About R.K.Fashion Accessories
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. Competitive 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
R.K.Fashion Accessories — Contact Details
- Registered office
- Room No. A-201, 2nd Floor, Bagree Market 71, B. R. B. Basu Road,, Kolkata, West Bengal, 700001
- Phone
- +91 8282052929
- Website
- citygirljewellery.co.in/
- Registrar (IPO queries)
- investor@cameoindia.com
Frequently asked questions
- What is the R.K.Fashion Accessories IPO price band?
- The R.K.Fashion Accessories IPO price band is ₹77 to ₹82 per share, with a lot size of 1600 shares.
- What is the R.K.Fashion Accessories IPO GMP today?
- The latest grey market premium for the R.K.Fashion Accessories IPO is ₹1.5, implying an expected listing near ₹83.5. GMP is an unofficial figure and not a guarantee of the listing price.
- When does the R.K.Fashion Accessories IPO open and close?
- The R.K.Fashion Accessories IPO opens on 5 Oct 2026 and closes on 7 Oct 2026.
- When is the R.K.Fashion Accessories IPO allotment and listing date?
- Allotment is expected on 8 Oct 2026. The shares are scheduled to list on 12 Oct 2026 on NSE.
- How many times was the R.K.Fashion Accessories IPO subscribed?
- The R.K.Fashion Accessories IPO was subscribed 2.7 times in total across all investor categories.
- What is the reservation split in the R.K.Fashion Accessories IPO?
- Of the total shares offered, retail investors get 59.3%, QIBs 1.07%, non-institutional investors 39.64%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of R.K.Fashion Accessories and what is their holding?
- The promoters are <p>Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb</p>. Promoter holding is 99.67% before the issue and 72.26% after listing.
- What is the P/E ratio of the R.K.Fashion Accessories IPO?
- At the upper price band, the R.K.Fashion Accessories IPO is valued at 14.67× pre-issue earnings and 17.41× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the R.K.Fashion Accessories IPO?
- The net proceeds go primarily toward to finance establishment of-new plating facility at baruipur, kolkata west bengal, among 6 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the R.K.Fashion Accessories IPO?
- The book-running lead manager is Affinity Global Capital Market Pvt.Ltd.. Cameo Corporate Services is the registrar to the issue.
- Is R.K.Fashion Accessories a Mainboard or SME IPO?
- R.K.Fashion Accessories is an SME IPO, listing on NSE (SME platform).