R.K.Fashion Accessories IPO: dates, price band, lot size and GMP
R.K.Fashion Accessories IPO is open 5 – 7 Oct 2026 on the SME, price band ₹77 – ₹82, lot 1,600 shares, GMP ₹7 (+8.5% over the upper band). Allotment 8 Oct, listing 12 Oct.
Updated 6 Oct 2026, 13:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the R.K.Fashion Accessories IPO has a price band of ₹77 – ₹82, a lot of 1,600 shares and a grey-market premium of ₹7 (+8.5% over the upper band) as of 06 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 5 – 7 Oct 2026 |
| Price band | ₹77 – ₹82 |
| Lot size | 1,600 shares |
| Issue size | ₹34.99 Cr |
| Fresh issue | ₹33.23 Cr |
| GMP (unofficial) | ₹7 |
| Subscription | 0.4x |
| Registrar | Cameo Corporate Services Ltd. |
| Lead managers | Affinity Global Capital Market Pvt.Ltd. |
| Status | Open now |
Timeline
- Issue opens: 5 Oct
- Issue closes: 7 Oct
- Allotment: 8 Oct
- Refunds: 9 Oct
- Demat credit: 9 Oct
- Listing: 12 Oct
GMP today
Grey-market premium ₹7 per share (8.5% over the upper band of ₹82), estimated listing price about ₹89. Unofficial, dated, not a forecast. Day-by-day GMP trend.
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 14.11x |
| NII | 0.62x |
| sNII | 0.01x |
| bNII | 0.93x |
| Retail | 0.07x |
| Total | 0.4x |
Last updated 6 Oct 2026, 12:51 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹127.24 Cr |
| P/E (pre-issue) | 14.67x |
| P/E (post-issue) | 17.41x |
| Fresh issue (shares) | 40,52,800 |
| Total shares offered | 40,52,800 |
| Promoter holding pre-issue | 99.67% |
| Promoter holding post-issue | 72.26% |
| Promoters | Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb |
| Lead managers | Affinity Global Capital Market Pvt.Ltd. |
| Registrar phone | 044-28460390/28460391/28460392 |
| Registrar email | investor@cameoindia.com |
| Company website | citygirljewellery.co.in |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 3,200 | ₹2,62,400 |
| Retail (maximum) | 2 | 3,200 | ₹2,62,400 |
| sNII (minimum) | 3 | 4,800 | ₹2,62,400 |
| bNII (minimum) | 3 | 4,800 | ₹10,49,600 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| QIB | 1.1% | 43,200 | Not more than 50% of the Net Issue |
| NII (HNI) | 39.6% | 16,06,400 | Not less than 15% of the Net Issue |
| sNII | 13.2% | 5,36,000 | |
| bNII | 26.4% | 10,70,400 | |
| Retail | 59.3% | 24,03,200 | Not less than 35% of the Net Issue |
| Market Maker | 5.3% | 2,14,400 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 5 Oct | 14.11x | 0.62x | 0.00x | 0.93x | 0.01x | 0.40x |
| Day 2 · 6 Oct | 14.11x | 0.62x | 0.01x | 0.93x | 0.07x | 0.40x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹5.59 |
|---|---|
| EPS (post-issue) | ₹4.71 |
| P/E (pre-issue) | 14.67x |
| P/E (post-issue) | 17.41x |
| RoNW | 38.9% |
| RoCE | 57.74% |
| RoE | 48.4% |
| PAT margin | 20.71% |
| EBITDA margin | 24.16% |
| Price / book | 5.71x |
| NAV per share | ₹14.37 |
| Debt / equity | 0.11 |
| Market cap (upper band) | ₹127.24 Cr |
Financials (₹ Cr)
| Metric | 30 Jun 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 28.32 | 23.88 | 16.88 | 11.7 | +41.5% |
| Total Income | 7.49 | 31.54 | 17.82 | 14.46 | +77% |
| Profit After Tax | 1.83 | 6.29 | 2 | 0.95 | +214.5% |
| EBITDA | 2.55 | 7.34 | 2.98 | 0.11 | +146.3% |
| NET Worth | 17.99 | 16.16 | 9.81 | 7.82 | +64.7% |
| Reserves and Surplus | 6.74 | 4.91 | 9.16 | 7.16 | −46.4% |
| Total Borrowing | 3.06 | 1.7 | 0.61 | 0.61 | — |
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.
Objects of the issue
- 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
Net proceeds: ₹27.47 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| R.K.Fashion Accessories Ltd. (issuer) | 6.5 | 6.5 | 15.99 | — | 40.66% | — | Restated |
| Banaras Beads Ltd. | 2.69 | 2.69 | 87.38 | 44.31x | 3.08% | 1.37 | — |
Notes: Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same have been included for broader comparison. The figures for R. K. Fashion Accessories Limited are based on the restated results for the stub period ended as on June 30, 2026. The figures for the peer group, are based on the audited results for the financial year ended as on March 31, 2026. Current Market Price (CMP) is the price of respective scrip as on September 28, 2026.
Strengths (per the offer document)
- Manufacture of Raw Brass American Diamond Finger rings 3 — 03. Manufacture of Raw Copper Tops & Earrings 3 04.
- Multi-Platform E-Commerce Strategy- The brand "Manikya Jewellery," under RK Fashion — Accessories, has established a notable presence across various online channels, including prominent e- commerce platforms as well as its dedicated official website.
- Numbers of orders received
- Preparing goods received Counting of units with matching pairs challan — 03. Preparing job order Handing over to platers 04.
- Counting and preparing Matching pairs of received goods and preparing for final purchase invoice packaging — 07. Preparing sample for Finalizing the costing and deciding the Maximum retail pricing and display Price (MRP) and Retail Selling Price (RSP) of products 08.
Risk factors (as disclosed by the company)
- Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues — and adverse effect on our business and results of operations.
- We are dependent on our suppliers for uninterrupted supply of Raw-Materials. Any shortfall — in the supply of our raw materials, or an increase in our raw material costs and other input costs, may adversely affect the pricing and supply of our products with subsequently having an adverse…
- Our manufacturing relies on contract manufacturers who operate independently — Manufacturing of our jewellery products are done by Karigars engaged as Job Workers or Contract Manufacturers.
- Our business is both manpower and machine intensive. Our business may be adversely affected — by strikes, work stoppages, increased wage demands by our employees, or any other kind of disputes with our employees, and if we are unable to engage with new contractual workers at commercially…
- Our Company operations require significant amount of working capital for a continuing growth — Our Company’s business operations require a significant amount of working capital, primarily to finance our inventory and maintain a high trade receivable cycle, including the purchase of raw…
- Fluctuations in the prices of key raw materials such as gold and copper may impact the Company's cost structure — Our operations are dependent on the procurement of key raw materials such as gold, copper, and other metal components, which are widely used in the production process.
- Our Company does not operate on the basis of confirmed customer order books and manufactures products based on anticipated market demand — Our Company does not operate on the basis of long-term or confirmed customer order books and, accordingly, undertakes manufacturing activities based on anticipated market demand, prevailing fashion…
- Our Company has negative cash flows from its operating activities, investing activities and financing activities majorly in the prior period — Our Company had reported certain negative cash flows from its operating activities, investing activities and financing activities in previous years as per the restated financial statements and the…
From the DRHP (strengths pages 196–199, risk factors pages 42–46). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- R.K.Fashion Accessories IPO GMP today and trend
- R.K.Fashion Accessories IPO subscription status, day by day
- R.K.Fashion Accessories IPO allotment status and how to check
Frequently asked questions
When does the R.K.Fashion Accessories IPO open and close?
The issue is scheduled for 5 – 7 Oct 2026.
What is the R.K.Fashion Accessories IPO price band?
The price band is ₹77 – ₹82 per share with a lot size of 1,600 shares.
How big is the R.K.Fashion Accessories IPO?
The total issue size is ₹34.99 Cr.
What is the R.K.Fashion Accessories IPO GMP today?
The grey-market premium reported today is ₹7 per share. GMP is an unofficial, unregulated indicator and not a prediction of the listing price.
When will R.K.Fashion Accessories list?
The tentative listing date is 12 Oct on the SME platform.
How do I apply for the R.K.Fashion Accessories IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), R.K.Fashion Accessories · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), R.K.Fashion Accessories · as filed · nsearchives.nseindia.com
- Registrar allotment page, Cameo Corporate Services Ltd. · allotment 8 Oct · ipo.cameoindia.com
- NSE public issues page · listing 12 Oct · nseindia.com
- R.K.Fashion Accessories company website · citygirljewellery.co.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Oct, 07:07 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “R.K.Fashion Accessories IPO”, https://buyunlistedshares.com/ipo/rkfashion-accessories-ipo, as of 06 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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