R.K. Fashion Accessories shares are set to make their stock market debut on the NSE SME platform on Monday, October 12, amid cautious grey market signals. The IPO's grey market premium (GMP) stands at around 2%, indicating expectations of a modest listing gain over the issue price, based on unofficial market trends.

The Rs 35 crore public issue was priced at Rs 82 per share at the upper end of the price band. It comprised a fresh issue of 42.67 lakh shares, with no offer-for-sale (OFS) component.

The IPO opened for subscription on October 5 and closed on October 7, receiving an overall subscription of 2.70 times. Category-wise, the issue was subscribed 3.11 times by individual investors, 14.11 times by qualified institutional buyers (QIBs), excluding anchor investors, and 1.77 times by non-institutional investors (NIIs).

The company had fixed the price band at Rs 77–82 per share, with a lot size of 1,600 shares. At the upper end of the price band, retail investors were required to apply for a minimum of two lots, or 3,200 shares, translating into an investment of Rs 2,62,400.

For high-net-worth individuals (HNIs), the minimum application was three lots, or 4,800 shares, amounting to Rs 3,93,600 at the upper price band.

Affinity Global Capital Market Pvt Ltd is the book-running lead manager for the issue, while Cameo Corporate Services Ltd is the registrar. Anant Securities has been appointed as the market maker.

R.K. Fashion Accessories GMP Today

R.K. Fashion Accessories SME IPO's grey market premium (GMP) stands at Rs 2, or 2.44%, over the upper price band of Rs 82, indicating an estimated listing price of Rs 84.

R.K. Fashion Accessories IPO: Objects of the Issue

The company proposes to utilise the net proceeds from the IPO primarily to meet its working capital requirements, for which Rs 5.21 crore has been earmarked. It also plans to allocate Rs 8.80 crore towards setting up a new plating facility in Baruipur, Kolkata, West Bengal, and Rs 5.37 crore towards establishing a new B2B showroom in Kolkata.

Further, Rs 2.48 crore will be used to complete B2C stores in Kolkata, while Rs 5.60 crore has been earmarked for inventory costs for the proposed new showroom and stores. The remaining proceeds will be utilised for general corporate purposes. The total amount proposed to be utilised towards these objectives stands at Rs 27.47 crore.

R.K. Fashion Accessories Ltd. reported a strong improvement in its financial performance in FY26, with total income rising 77% to Rs 32 crore from Rs 18 crore in FY25. The growth reflects a significant increase in the company's revenue during the year ended March 31, 2026.

Profitability also strengthened during the period, with profit after tax (PAT) increasing 215% to Rs 6 crore in FY26 from Rs 2 crore in FY25. The sharp rise in profit indicates a substantial improvement in the company's earnings during the year.

About R.K.Fashion Accessories Ltd.

Incorporated in March 2010, R.K. Fashion Accessories Ltd. is engaged in manufacturing imitation jewellery through contract manufacturers and its wholesale distribution, along with trading branded cosmetics. Its portfolio includes handcrafted imitation jewellery that blends traditional designs with contemporary styles. The company caters to both B2B and B2C segments through wholesale, retail and online channels and has also adopted a multi-platform e-commerce strategy. It is developing a property on Rash Behari Avenue, Kolkata, to strengthen its retail presence and expand its B2C customer base.

The company focuses on product quality through multi-stage inspection and quality control processes and has built relationships with customers through its B2B operations. As of June 30, 2026, it had 50 permanent employees, including directors and key managerial personnel, supported by contractual workers based on business requirements and order volumes. Its workforce spans operations, management, finance, marketing, design, sales, customer service, packaging, quality control and human resources.

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