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R.K.Fashion Accessories IPO

₹77.00 to ₹82.00Price band

Bidding closed. The basis of allotment is due on 8 October 2026.

Subscription and grey market figures refresh on a 30-minute cycle. Last synced 10 October 2026. Confirm current numbers on the exchange websites before you apply.

Issue size
₹34.99 Cr
Lot size
1,600 shares
Minimum investment
₹1,31,200.00
Face value
₹10.00
Fresh issue
₹33.23 Cr
Offer for sale
₹1.76 Cr
Exchanges
NSE and BSE
Bidding dates
5 October 2026 to 7 October 2026

Final subscription

The bidding window has closed. These are the last recorded figures for each category.

Subscription by investor category, bidding day 3
CategoryTimes subscribedRelative to the highest category
QIBQualified institutional buyers14.11x
RetailRetail individual investors3.11x
TotalTotal2.70x
sNIINon-institutional (bids up to ₹10 lakh)1.79x
NIINon-institutional investors1.77x
bNIINon-institutional (bids above ₹10 lakh)1.77x
Total2.70x

Figures from bidding day 3. A multiple of 1.00x means bids exactly covered the shares offered; above that the issue is oversubscribed. Source share counts are not published in this dataset, so only the multiple is shown.

The dates that matter

An Indian IPO runs on a fixed calendar. Bidding stays open for three working days, the allotment is finalised the next working day, and the shares begin trading the day after that.

    Issue dates

  1. Bidding opensCompleted

    5 October 2026

  2. Bidding closesCompleted

    7 October 2026

  3. Basis of allotmentCompleted

    8 October 2026

  4. Refunds initiatedCompleted

    9 October 2026

  5. Shares credited to DematCompleted

    9 October 2026

  6. Listing on the exchangeNext

    12 October 2026 in 2 days

Grey market premium

Grey market premium is the price traders quote among themselves for shares that have not listed yet. Below is the full day-by-day record we hold for this issue, not only the latest figure, because the movement across the bidding window says more than any single day does.

-238121730 Sept10 Oct
Grey market premium per share over 11 recorded days. Hover or use the arrow keys to read any day.
Grey market premium history for R.K.Fashion Accessories
DatePremium per share
2026-09-300
2026-10-010
2026-10-020
2026-10-030
2026-10-040
2026-10-057
2026-10-0615
2026-10-071.5
2026-10-081.5
2026-10-091.5
2026-10-101.5
Day by day, 11 records
DatePremium per shareImplied listing priceImplied gain
10 October 2026₹1.50₹83.501.83%
9 October 2026₹1.50₹83.501.83%
8 October 2026₹1.50₹83.501.83%
7 October 2026₹1.50₹83.501.83%
6 October 2026₹15.00₹97.0018.29%
5 October 2026₹7.00₹89.008.54%
4 October 2026Not recorded₹82.000.00%
3 October 2026Not recorded₹82.000.00%
2 October 2026Not recorded₹82.000.00%
1 October 2026Not recorded₹82.000.00%
30 September 2026Not recorded₹82.000.00%

About R.K.Fashion Accessories

R.K. Fashion Accessories Ltd. makes and wholesales imitation jewellery and trades branded cosmetics. It was incorporated in 2010 and runs from Bagree Market on B. R. B. Basu Road in Kolkata. The company does not own most of its production capacity. It designs and sources through contract manufacturers and artisans, mostly in Kolkata, then distributes the output. Products sell under the City Girl and Manikya brands and cover bangles, earrings, necklaces, chains, rings, bracelets, mangalsutras, sets, and CZ/AD jewellery. Buyers use these for weddings, festivals, and daily wear. Revenue comes from three channels: B2B wholesale, e-commerce, and corporate retail tie-ups. The company also runs about 120 shop-in-shop counters through corporate partners and processes more than 10,000 online orders each month. West Bengal supplies the bulk of revenue. For the year ended 31 March 2026, revenue from operations was INR 3,035.71 lakh and total income was INR 31.54 crore. The company employed 50 permanent staff as of 31 March 2026.

Promoters

  • Md.Qasim
  • Mohammed Usman
  • Mohammed Imran
  • Md.Aurangzeb

Financial highlights

The last three fiscal years as the offer document states them. Reading across a row shows whether the figure has grown, which is why the years run left to right.

Metric (₹ crore)Mar 2024Mar 2025Mar 2026Jun 2026
Assets11.7016.8823.8828.32
Total Income14.4617.8231.547.49
Profit After Tax0.952.006.291.83
EBITDA0.112.987.342.55
NET Worth7.829.8116.1617.99
Reserves and Surplus7.169.164.916.74
Total Borrowing0.610.611.703.06

Figures are in ₹ crore and reproduced from the offer document, covering Mar 2024 to Jun 2026. A dash means the document does not state that figure for that period. A fiscal year ending March is labelled by its closing month, and where the document states a figure on a different basis the label here follows the document rather than normalising it.

Key ratios

Valuation and return ratios calculated from the issuer's financials. These are the figures the issue price is usually judged against, and the offer document carries the working behind each one.

RatioValueWhat it measures
Earnings per share₹5.59Profit after tax divided by the number of shares.
P/E at the cap price14.67xIssue price divided by earnings per share. Lower is cheaper, but only against the same industry.
P/E after the issue17.41xThe same ratio recalculated on the larger post-issue share count.
Price to book5.71xIssue price against net assets per share.
Net asset value per share₹14.37What the company owns, less what it owes, per share.
Return on equity48.40%Profit earned on shareholders’ money.
Return on capital employed57.74%Profit earned on all the capital in the business, including debt.
Return on net worth38.90%The offer document’s own name for return on shareholders’ funds.
Debt to equity0.11xBorrowings against shareholders’ funds. Higher means more leverage.
Profit margin20.71%Profit after tax as a share of income.
Operating margin24.16%Operating profit as a share of income, before interest, tax and depreciation.
Market capitalisation₹127.24 CrValue of the company at the issue price.

Ratios are stated as published. A ratio that is absent here was not stated in the document, and is not the same as a ratio of zero.

What the money is for

Every issue states its objects in the offer document. These are reproduced from it, largest first, so you can see where most of the raise is going.

  • To Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal

    ₹8.80 Cr

  • To Finance Establishment of-Inventory cost for the proposed new showroom and stores

    ₹5.60 Cr

  • To Finance Establishment of-Proposed new B2B showroom in Kolkata

    ₹5.37 Cr

  • To meet the working capital requirements

    ₹5.21 Cr

  • To Finance Establishment of-Completion of B2C Stores in Kolkata

    ₹2.48 Cr

  • General Corporate Purposes

    Amount not stated

Peer comparison

The offer document compares the issuer against listed companies in the same business, on earnings, book value and return on net worth. R.K.Fashion Accessories is the first row.

Peer comparison from the offer document. R.K.Fashion Accessories is the first row.
CompanyEPS (₹)P/ENAV per share (₹)RoNW
R.K.Fashion Accessories Ltd.This issue6.5—₹15.9940.66%
Banaras Beads Ltd.2.6944.31₹87.383.08%

Reproduced from the peer comparison in the offer document. A dash means the document does not state that figure for that company. It is absent, not zero. Ratios are reported on the basis named in the document, which is not always the same period for every company.

Who gets what share

SEBI fixes how much of a book-built issue each investor category can be allotted. This is the split for this issue as stated in the offer document.

Reservation by investor category
CategoryShare of issueAmount
Retail individual investors59.30%₹19.71 Cr
Non-institutional (bids above ₹10 lakh)26.41%₹8.78 Cr
Non-institutional (bids up to ₹10 lakh)13.23%₹4.40 Cr
Qualified institutional buyers1.07%₹0.35 Cr

Percentages are reproduced as text from the offer document. A dash means the document does not state an amount for that category. Categories are labelled using the document's own terms, which differ slightly between issues.

Questions people ask

One lot is 1,600 shares. The price band is ₹77.00 to ₹82.00, and the block is calculated at the top of it, ₹82.00. That comes to ₹1,31,200.00 held in your bank account until the allotment is finalised. If you are not allotted, the block is released and the money never leaves your account.

Bidding runs from 5 October 2026 to 7 October 2026. Applications can be revised or withdrawn while bidding is open. Once it closes, the registrar finalises the basis of allotment the next working day and shares are credited the day after.

The last recorded total is 2.70x. That figure is a snapshot refreshed every 30 minutes, so it can lag the exchange during a bidding day. A multiple above 1.00x means bids exceeded the shares offered.

The most recent recorded premium is ₹1.50 per share, against ₹7.00 when recording began on 5 October 2026. The movement across those days says more than either number on its own.

Retail applications run from 1 lot to 1 lots. The retail category caps an application at ₹2,00,000, so the upper limit is whichever comes first: the lot ceiling or the value ceiling.

The registrar for this issue is Cameo Corporate Services Ltd.. Allotment is published on its site, where you enter your PAN or application number. The registrar also handles the refund of blocked funds and the credit of shares to your Demat account.

Sources