R.K.Fashion Accessories Ltd IPO

Incorporated in March 2010, R.K.Fashion Accessories Limited is engaged in the manufacturing of imitation jewellery through contract manufacturers, wholesale distribution and trading of branded cosmetics. Its portfolio includes handcrafted imitation jewellery combining traditional designs with contemporary styles. The company serves B2B and B2C customers through wholesale, retail and online channels and has adopted a multi-platform e-commerce strategy. It has also established corporate tie-ups to support its customer base and sales. The company is developing a property on Rash Behari Avenue, Kolkata, to strengthen its retail presence. As of June 30, 2026, it had 50 permanent employees across operations, finance, marketing, design, sales and other functions.

R.K.Fashion Accessories Limited IPO Overview

R.K.Fashion Accessories Limited IPO is a bookbuilding issue of ₹34.99 crore comprising 42,67,200 shares, entirely through a fresh issue. The IPO will open for subscription on 5 October 2026 and close on 7 October 2026. The allotment is expected to be finalised on 8 October, followed by refunds and credit of shares to demat accounts on 9 October. The company is scheduled to list on the NSE SME platform on 12 October 2026. The price band is fixed at ₹77 to ₹82 per share, with a lot size of 1,600 shares. Retail investors must apply for at least two lots, or 3,200 shares, requiring ₹2,62,400 at the upper price band. The minimum HNI application is three lots, or 4,800 shares, amounting to ₹3,93,600. Affinity Global Capital Market Pvt. Ltd. is the lead manager, Cameo Corporate Services Ltd. is the registrar and Anant Securities is the market maker.

R.K.Fashion Accessories Limited IPO Details

Particulars	Details
IPO Date	5 October 2026 to 7 October 2026
Listing Date	12 October 2026
Face Value	₹10 per share
Issue Price Band	₹77 to ₹82 per share
Lot Size	1,600 Shares
Total Issue Size	42,67,200 shares (aggregating up to ₹34.99 Cr)
Fresh Issue	42,67,200 shares (aggregating up to ₹34.99 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,12,49,563 shares
Share Holding Post Issue	1,55,16,763 shares
Market Maker Portion	2,14,400 shares

R.K.Fashion Accessories Limited IPO Reservation

Investor Category	Shares Offered
QIB	1.07% of the Net Issue
Retail	59.30% of the Net Issue
NII (HNI)	39.64% of the Net Issue

R.K.Fashion Accessories Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	3,200	₹2,62,400
Retail (Max)	2	3,200	₹2,62,400
S-HNI (Min)	3	4,800	₹3,93,600
S-HNI (Max)	7	11,200	₹9,18,400
B-HNI (Min)	8	12,800	₹10,49,600

R.K.Fashion Accessories Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.67%
Post-Issue	72.26%

R.K.Fashion Accessories Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹4.71
Price/Earnings (P/E) Ratio	17.41x
Return on Net Worth (RoNW)	40.66%
Net Asset Value (NAV)	₹15.99
Return on Equity	48.40%
Return on Capital Employed (ROCE)	57.74%
EBITDA Margin	24.16%
PAT Margin	20.71%
Debt to Equity Ratio	0.11

Objectives of the Proceeds

I. Working capital requirements:
₹5.21 crore to support the company’s day-to-day operations and fund its growing working capital needs.

II. New plating facility at Baruipur:
₹8.80 crore towards establishing a plating facility in Baruipur, Kolkata, West Bengal.

III. New B2B showroom in Kolkata:
₹5.37 crore to finance establishment of a proposed showroom supporting the company’s B2B expansion.

IV. Completion of B2C stores in Kolkata:
₹2.48 crore towards completing planned B2C stores and strengthening the company’s retail presence.

V. Inventory for showroom and stores:
₹5.60 crore to finance inventory requirements for the proposed showroom and retail stores.

VI. General corporate purposes:
Part of the net proceeds will be utilised for general corporate purposes, subject to applicable regulations.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	23.88	16.88	11.70
Revenue	31.54	17.82	14.46
Profit After Tax	6.29	2.00	0.95
Reserves and Surplus	4.91	9.16	7.16
Total Borrowings	1.70	0.61	0.61

IPO Strengths

I. Strategic corporate partnerships support customer acquisition, business development and sales expansion opportunities.

II. Growing retail operations strengthen direct consumer reach and diversify the company’s customer base.

III. Multi-platform e-commerce strategy broadens market access and creates additional customer engagement opportunities.

IV. Established B2B relationships support recurring business and strengthen the company’s wholesale distribution network.

V. Multiple quality checks help maintain product consistency, reliability and customer satisfaction.

VI. Combining traditional craftsmanship with contemporary styles addresses changing consumer preferences effectively.

VII. Multiple sales channels expand market reach and reduce dependence on any single distribution route.

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV (x)
R.K.Fashion Accessories Ltd.	6.50	6.50	15.99	—	40.66	—
Peer Group
Banaras Beads Ltd.	2.69	2.69	87.38	44.31	3.08	1.37