R.K.Fashion IPO

Listed SME
Min Investment
₹2,62,400
3200 Shares
Min Investment
₹2,62,400 · 3200 Shares
Open Oct 05
Close Oct 07
Allotment Oct 08
Refund Oct 09
Demat Oct 09
Listing Oct 12
Price Band ₹77–82
Lot Size 1600 shares
Issue Size ₹35 Cr
Listed At ₹80.00 -2.4%
Subscribed 2.75×
Listed On NSE SME
Listing Price
₹80.00 (-2.44%)
vs issue price
Current Price (NSE)
₹72.20 (-11.95%)
as of 13 Oct, 1:28 pm IST

Market Sentiment

Grey Market Premium What is GMP?
+₹1.5
+1.8% ▼ ₹7.5 since last update
Est. listing ₹83.5
Upper price ₹82
GMP range ₹1.5 – ₹15
05 Oct · ₹7 07 Oct · ₹1.5
Updated 07 Oct, 1:17 pm IST Unofficial grey-market data
GMP estimate ₹83.5
Actual listing ₹80
Listed below the GMP estimate by ₹3.5 (-4.2%)
Subscription Status
QIB
14.11x
NII
1.91x
bNII (>10L)
1.97x
sNII (2-10L)
1.79x
Retail
3.11x
Total
2.75x
Updated: Oct 07, 2026 5:59 pm IST
Analysis Score 54 / 100
Mixed Signals
Data: 100%
GMP Score 43
Subscription Score 25
Valuation Score 95
Financial Health 85
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹77–82 per equity share
Face Value₹10 Per Equity Share
Lot Size 1600 shares (Min 2 lots · ₹2,62,400)
Total Issue Size ₹34.99 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBook Building Issue
Lead Manager Affinity Global Capital Market Pvt.Ltd.
Registrar Cameo Corporate Services Ltd.
Listing atNSE SME
NSE SymbolRKFAL
ISININE2O2Y01016
Listing Price₹80.00
Listing Gain-2.44%

IPO Reservation

Category Shares Offered Shares %
QIB43,2001.07%
NII (HNI)16,06,40039.64%
bNII > ₹10L10,70,40026.41%
sNII < ₹10L5,36,00013.23%
Retail24,03,20059.30%
Total40,52,800

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 3,200 ₹2,62,400
Retail Maximum 2 3,200 ₹2,62,400
S-HNI Minimum 3 4,800 ₹3,93,600
S-HNI Maximum 7 11,200 ₹9,18,400
B-HNI Minimum 8 12,800 ₹10,49,600
Budget to Lots Calculator ▼
₹

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Final
QIB 14.11x 14.11x 14.11x
NII 0.62x 0.63x 1.91x
bNII > ₹10L 0.93x 0.94x 1.97x
sNII 2-10L 0.00x 0.02x 1.79x
Retail 0.01x 0.15x 3.11x
Total 0.38x 0.47x 2.75x

Financial Analysis

Financial Data

EPS (Pre)
₹5.59
EPS (Post)
₹4.71
P/E (Pre)
14.67x
P/E (Post)
17.41x
ROE
48.40%
ROCE
57.74%
RoNW
38.90%
EBITDA Margin
24.16%
Debt/Equity
0.11
NAV/Share
₹14.37
Market Cap
₹127 Cr
Revenue Growth
76.99%
Profit Margin
19.94%

Financial Performance

Metric 2025 2026 June 2026
Revenue 17.82 31.54 7.49
Expense 15.02 23.25 -
Profit (PAT) 2.00 6.29 1.83
Total Assets 16.88 23.88 28.32
Values in Crores (₹)

Peer Comparison

Company EPS P/E RoNW % NAV
Banaras Beads Ltd. 2.46 46.34 2.57 95.97

Promoters & Holding Pattern

Promoters: Md.Qasim, Mohammed Usman, Mohammed Imran and Md.Aurangzeb

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 1,12,11,772 99.67%
Promoter Holding Post Issue 1,12,11,772 72.26%

Strengths & Risks

Strengths
  • Strong institutional (QIB) demand — 14.1x.
  • Revenue grew 77% in the latest reported year.
  • Solid profit margin — 19.9%.
  • Strong return on equity — 48%.
  • Low leverage — debt/equity of 0.11.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About R.K.Fashion

Founded in March 2010, R.K. Fashion Accessories is one of the leading manufacturers of imitation jewellery and a trader of branded cosmetics. The firm offers traditional and contemporary jewellery products under the brands “City Girl” and “Manikya”. Its product range includes a wide range of jewellery products: bangles, earrings, necklaces, chains, rings, bracelets, mangalsutras, sets, and CZ/AD jewellery for wedding, festive, and daily-wear segments. R.K. Fashion sells its products in 3 main ways: 1) B2B wholesale, 2) E-commerce retailing, and 3) Corporate retail tie-ups, while also expanding its presence in Kolkata. The firm sells its products through 120 shop-in-shop counters and has fulfilled over 10,000 online orders monthly, supported by skilled artisans and third-party manufacturers

Company Contact Information

R.K.Fashion Accessories Ltd., Room No. A-201, 2nd Floor, Bagree Market 71, B. R. B. Basu Road,, Kolkata, West Bengal, 700001

Objects of the Issue

Purpose Amount (Cr)
To meet the working capital requirements 1.81
To Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal 8.80
To Finance Establishment of-Proposed new B2B showroom in Kolkata 5.37
To Finance Establishment of-Completion of B2C Stores in Kolkata 2.48
To Finance Establishment of-Inventory cost for the proposed new showroom and stores 5.60
General Corporate Purposes -
To meet the offer related expenses -

Resources & Documents

R.K.Fashion IPO - Quick Take

R.K.Fashion has set a price band of Rs 77–Rs 82 per share for an issue size of Rs 35 crore. The stock listed with a 2.44% discount versus its issue price on October 12, 2026.

The issue is promoted by Md.Qasim, Mohammed Usman, Mohammed Imran and Md.Aurangzeb with Affinity Global Capital Market Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards to meet the working capital requirements (Rs 2 crore) and to Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal (Rs 9 crore).

At the upper end of the price band, the issue is priced at a post-issue P/E of 17.41x. On fundamentals, the company is posting revenue growth of 77.0%, a profit margin of 19.9%, return on equity of 48.4% in its most recent reported period. Listed peers in this segment include Banaras Beads Ltd. (P/E 46.34x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.

On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of R.K.Fashion IPO is Rs 77 to Rs 82 per share. Face value is Rs 10 per share.

The total issue size of R.K.Fashion IPO is Rs 35 crore, comprising fresh issue of Rs 35 crore.

The lot size of R.K.Fashion IPO is 1,600 shares. The minimum application is 2 lots (3,200 shares), requiring an investment of Rs 2,62,400.

R.K.Fashion IPO opens for subscription on October 05, 2026 and closes on October 07, 2026.

The expected allotment date for R.K.Fashion IPO is October 08, 2026. Refunds for unsuccessful applicants are expected on October 09, 2026. Shares are scheduled to be credited to demat accounts on October 09, 2026.

R.K.Fashion IPO is scheduled to list on October 12, 2026 on NSE. NSE symbol: RKFAL, ISIN: INE2O2Y01016.

The last GMP (Grey Market Premium) recorded for R.K.Fashion IPO before listing was +Rs 1.5 (+1.8% over issue price). The shares actually listed at Rs 80 (-2.44% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

R.K.Fashion IPO was subscribed 2.75 times overall by the close of bidding — retail at 3.11x, QIB at 14.11x, NII at 1.91x.

Based on the final retail subscription of 3.11x for R.K.Fashion IPO, the estimated retail allotment probability is approximately 36.7%. This is a moderate probability of allotment.

The registrar for R.K.Fashion IPO is Cameo Corporate Services Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for R.K.Fashion IPO are Affinity Global Capital Market Pvt.Ltd.

The promoter(s) of R.K.Fashion are Md.Qasim, Mohammed Usman, Mohammed Imran and Md.Aurangzeb.

R.K.Fashion IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 1.8%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; R.K.Fashion listed 2.4% below its issue price.

See the full R.K.Fashion GMP history and trend, or learn how grey market premium works and how reliable it is.

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