R.K.Fashion IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2025 | 2026 |
|---|---|---|
| Revenue | 17.82 | 31.54 |
| Expense | 15.02 | 23.25 |
| Profit (PAT) | 2.00 | 6.29 |
| Total Assets | 16.88 | 23.88 |
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Banaras Beads Ltd. | 2.46 | 46.34 | 2.57 | 95.97 |
Promoters: Md.Qasim, Mohammed Usman, Mohammed Imran and Md.Aurangzeb
Strengths & Risks
- Revenue grew 77% in the latest reported year.
- Solid profit margin — 19.9%.
- Strong return on equity — 48%.
- 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.
SME Red-Flag Check
1 of 6 checks flagged for R.K.Fashion; 4 couldn't be checked from our data. SME issues are small and thinly traded, so these are the points worth confirming in the RHP before you apply.
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Flag
Profit trend before the IPOProfit jumped 3.1× in the year before the IPO: ₹2 Cr (2025) → ₹6.29 Cr (2026). Sharp pre-IPO jumps deserve a close read of the RHP — one-off orders or related-party sales can flatter a single year.
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Unknown
Lead manager's SME listing recordWe've tracked fewer than 3 listed SME IPOs by Affinity Global Capital Market Pvt.Ltd. — too few to judge a record.
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Unknown
Institutional (QIB) demandThis issue has no QIB portion in our data, so there's no institutional demand signal.
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Unknown
Promoter holding after the issuePost-issue promoter holding isn't in our data. Check the shareholding table in the RHP.
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OK
Where the money goesEntirely a fresh issue — all proceeds go to the company.
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Unknown
DebtDebt-to-equity isn't in our data.
Computed from this issue's disclosed data and our own record of past SME listings. "Unknown" means our data doesn't cover it — not that it's fine. Informational only — not investment advice.
Company Information
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
R.K.Fashion Accessories Ltd., Room No. A-201, 2nd Floor, Bagree Market 71, B. R. B. Basu Road,, Kolkata, West Bengal, 700001
| 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 has set a price band of Rs 77–Rs 82 per share for an issue size of Rs 35 crore. The SME issue is scheduled to open for subscription on October 05, 2026 — 5 days from now.
Founded in March 2010, R.K. Fashion Accessories is one of the leading manufacturers of imitation jewellery and a trader of branded cosmetics.
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).
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.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
R.K.Fashion IPO GMP — What It Means
No active grey market premium has been recorded for R.K.Fashion IPO yet. GMP is an unofficial, dealer-quoted indicator of expected listing-day demand — not a guaranteed listing price — and it can change quickly once bidding opens.
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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