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InvestmentsIPORK Fashion Accessories IPO

RK Fashion Accessories IPO

SME

Open Date

5 Oct 2026

Close Date

7 Oct 2026

Min Investment

₹ 2,46,400

Lot Size

1,600

Issue Size

₹ 34.99 Cr

Price Range

₹ 77 - ₹ 82

Subscribed

0.4 x
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status

IPO Open Now.

IPO Timeline
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IPO Offer Start
5 Oct 2026
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IPO Offer Ends
7 Oct 2026
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Allotment Finalisation
8 Oct 2026
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Refund Initialisation
9 Oct 2026
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Non-Institutional Buyers (sHNI)
9 Oct 2026
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Listing of Shares
12 Oct 2026
IPO Subscription Details as on 6 Oct 2026, 06:10 AM
Qualified Instituational Buyers (QiB)
14.11 x
Retail
0.01 x
Total
0.4 x
Non-Institutional Buyer (bHNI)
0.93 x
Non-Institutional Buyer (sHNI)
0 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
R.K. Fashion Accessories Limited (RKFAL) is a Kolkata-based company engaged in the manufacturing (through contract manufacturers) and wholesale distribution of imitation jewellery, along with trading of branded cosmetics and hotel rental income. The company operates under two sub-brands — 'City Girl' for gold-plated wedding and daily-wear jewellery, and 'Manikya' for Cubic Zirconia/American Diamond jewellery — serving distributors, dealers, and retailers across India. It follows a hybrid B2B and B2C model through offline wholesale channels, Shop-in-Shop (SIS) counters (~120), and multi-platform e-commerce presence. Revenue grew 70.81% YoY to ₹3,035.71 lakhs in FY2026, with imitation jewellery contributing ~81.88% of total revenue.
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Founded In

2010

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CEO

-

Financials of Rk Fashion Accessories IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue13.2817.7730.36
Other Income1.170.051.18
Total Income
14.4617.8231.54
Total Expenses
13.4315.0223.25
Profit Before Tax1.022.808.30
Total Profit
0.952.006.29

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to utilize a portion of the Net Proceeds to meet incremental working capital requirements for Fiscal 2027, covering trade receivables, inventories, trade payables, and day-to-day operations to support business growth.5
The company proposes to establish an in-house PVD Vacuum Coating facility at Baruipur, West Bengal, involving civil and structural work and installation of plant and machinery, to enhance production control, quality, and reduce dependency on third-party contract manufacturers.9
The company proposes to acquire and develop a new B2B wholesale showroom at Ezra Street, Kolkata, covering property purchase, interior fit-out, and initial opening inventory, to strengthen wholesale market presence and expand its customer base.5
The company intends to utilize Net Proceeds for interior fit-out and furnishing of the remaining floors of its G+4 B2C retail showroom at Rash Behari Avenue, Kolkata, to expand direct retail operations and enhance customer experience.2
The company proposes to procure initial opening inventory for the new B2B showroom at Ezra Street and the remaining floors of the B2C showroom at Rash Behari Avenue, Kolkata, to ensure adequate product display and uninterrupted retail and wholesale operations.6
The company intends to deploy a portion of the Net Proceeds towards general corporate purposes including strategic initiatives, brand building, funding growth opportunities, and meeting ongoing business contingencies, subject to applicable regulatory limits.-
The company proposes to meet offer-related expenses including Book Running Lead Manager fees, underwriting commissions, printing and distribution expenses, legal fees, advertisement expenses, registrar fees, depository fees, and listing fees from the Net Proceeds.-
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  • Blending Heritage with Contemporary Jewellery: The company produces 24-carat gold-plated copper jewellery and American Diamond pieces, integrating traditional Bengali craftsmanship with modern design through skilled artisans, enabling hyperlocal, region-specific product offerings across diverse micro-markets.
  • Efficient B2B Support and Retention of Customers: The company maintains a client retention rate of over 90% through dedicated relationship managers, prompt order processing, and flexible credit terms of 60–90 days, supporting sustained repeat business across boutique owners, local retailers, and export merchants.
  • Multi-Platform E-Commerce Strategy: The company's brand 'Manikya Jewellery' operates across major e-commerce platforms and dedicated websites, receiving 63,665 total orders in Fiscal 2026, contributing Rs. 146.89 lakhs in online revenue and expanding market access beyond traditional retail boundaries.
  • Strategic High-Value Corporate Tie-ups: The company operates approximately 120 Shop-in-Shop (SIS) counters within national retail chains, generating Rs. 357.16 lakhs in Fiscal 2026, providing enhanced brand visibility, steady institutional sales, and a widespread retail footprint in high-traffic environments.
  • Consistent Revenue Growth and Diversification: The company has registered year-on-year revenue growth from Rs. 1,328.49 lakhs in FY2024 to Rs. 3,035.71 lakhs in FY2026 (70.81% YoY growth), driven by a diversified portfolio spanning imitation jewellery, cosmetics, and rental income across multiple price points.
  • Multi-Stage Inspection and Product Reliability: The company follows a 9-stage quality control process, introduces new collections every 6–8 weeks aligned with seasonal and festive demand, and offers a six-month colour guarantee on all gold-plated products, ensuring product reliability and sustained customer confidence.

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