SME
IPO ·
NSE Emerge
R.K.Fashion Accessories Ltd
Listed
Kolkata wholesaler of imitation jewellery (made by contract manufacturers) and trader of branded cosmetics.
Issue details
Price band
₹77 – ₹82
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,62,400
Issue size
₹34.99 Cr
Fresh issue
₹34.99 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE Emerge
Key dates
Opens
5 Oct 2026
Closes
7 Oct 2026
UPI mandate cut-off
5:00 PM on 7 Oct 2026
Allotment
8 Oct 2026
Refunds
9 Oct 2026
Shares in demat
9 Oct 2026
Listing
12 Oct 2026
Subscription and listing
Subscription
2.70x
Listing price
₹80
Registrar
Cameo Corporate Services Ltd
Lead manager
Affinity Global Capital Market Pvt Ltd
Subscription by category
QIB (Ex Anchor)
14.11x
NII *
1.77x
bNII (> ₹10L)
1.77x
sNII (< ₹10L)
1.79x
Individual Investor
3.11x
Total
2.70x
Total applications
2,615
Listing day
Issue price
₹82
Open
₹80.00
High
₹80.00
Low
₹76.00
Day close
₹76.00
Listing gain at open
-2.44%
Issue structure
Shares reserved per category and share of the total issue
QIB
43,200
1.01%
NII
16,06,400
37.65%
bNII > ₹10L
10,70,400
25.08%
sNII < ₹10L
5,36,000
12.56%
Retail
24,03,200
56.32%
Market Maker
2,14,400
5.02%
Total
42,67,200
100.00%
Finaccle’s quick read
Avoid
PAT jumped from ₹2.00 Cr in FY25 to ₹6.29 Cr in FY26 (income ₹17.82 Cr to ₹31.54 Cr), a sudden pre-IPO spike on a tiny base, despite low debt.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
R.K.Fashion Accessories is a Kolkata-based wholesaler of imitation jewellery made through contract manufacturers, and it also trades branded cosmetics. It sells to B2B buyers and retail customers through wholesale, its own stores and online marketplaces. It is a small company with 50 employees and FY26 income of ₹31.54 Cr.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
48.40%
ROCE
57.74%
Debt / equity
0.11
PAT margin
20.71%
P/E post issue
17.41
Market cap
₹127.24 Cr
Use of IPO money
Working capital
₹5.21 Cr
New plating facility, Baruipur, Kolkata
₹8.80 Cr
New B2B showroom, Kolkata
₹5.37 Cr
Completion of B2C stores, Kolkata
₹2.48 Cr
Inventory for new showroom and stores
₹5.60 Cr
General corporate purposes
₹5.21 Cr
Issue expenses
₹2.31 Cr
Strengths
✓
Multiple sales channels: wholesale, retail stores and online
✓
Almost debt-free with D/E of 0.11
✓
Entirely fresh issue funding capacity and stores
✓
High reported ROE and margins in FY26
Risks to watch
!
PAT tripled from ₹2.00 Cr to ₹6.29 Cr just before the IPO
!
Very small revenue base of about ₹31.54 Cr
!
Relies on contract manufacturers for production
!
Fragmented, fashion-driven imitation jewellery market
!
Weak subscription of 2.70x and listing below issue price
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.