RK Fashion Accessories IPO Opens October 5; Price Band Set at Rs. 77-82

R.K. Fashion Accessories Limited, a Kolkata-based company engaged in the manufacturing and wholesale distribution of imitation jewellery through a contract manufacturing model, as well as the trading of branded coSMEtics, has announced the opening of its Initial Public Offering (IPO). The issue will open for subscription on Monday, October 5, 2026, and close on Wednesday, October 7, 2026. The equity shares are proposed to be listed on the NSE Emerge platform.

The company is offering 42,67,200 equity shares with a face value of Rs. 10 each at a price band of Rs. 77 to Rs. 82 per share. At the upper end of the price band, the issue size stands at approximately Rs. 34.99 crore.

The issue price will be determined through the book-building process within the stated price band. The market lot has been fixed at 1,600 equity shares. Retail investors are required to apply for a minimum of two lots, involving an investment of around Rs. 2.62 lakh at the upper end of the price band. Affinity Global Capital Market Private Limited is the Lead Manager to the issue.

The company intends to use the IPO proceeds to fund its expansion plans and meet operational and working capital requirements. A portion of the funds will be used to establish a new plating facility at Baruipur in Kolkata, West Bengal, and set up a new B2B showroom in Kolkata. The proceeds will also be used towards completing the Construction of B2C stores and meeting inventory requirements for the proposed showrooms and stores. The remaining funds will be utilised for working capital requirements and general corporate purposes.

These investments are aimed at expanding the company’s manufacturing capabilities and strengthening its presence across both B2B and B2C channels as it scales up its imitation jewellery business.

R.K. Fashion Accessories Limited has reported a steady improvement in its financial performance over the past three financial years. Total revenue increased from Rs. 14.46 crore in FY24 to Rs. 17.82 crore in FY25 and further to Rs. 31.54 crore in FY26. Profit After Tax rose from Rs. 0.95 crore in FY24 to Rs. 2 crore in FY25 and Rs. 6.29 crore in FY26.

For the quarter ended June 30, 2026, the company reported revenue of Rs. 7.49 crore and Profit After Tax of Rs. 1.83 crore, resulting in a PAT margin of approximately 24.39 per cent. The improvement in revenue and profitability over FY26 and Q1 FY27 indicates continued growth in the business.

India’s fashion jewellery market is being shaped by changing consumer preferences, rising demand for affordable occasion wear and wider use of jewellery for both everyday and festive occasions. R.K. Fashion Accessories Limited operates across manufacturing, wholesale distribution, e-commerce and retail channels, with a product range covering traditional Indian designs, contemporary styles and CZ/AD jewellery.

Through its City Girl and Manikya brands, the company caters to multiple customer groups and price segments. Alongside its established B2B business, it is also expanding its B2C presence. The proposed investments in manufacturing infrastructure, retail expansion and inventory are intended to support higher volumes and help the company respond to changing demand across markets.

About R.K. Fashion Accessories Limited

Incorporated in March 2010, R.K. Fashion Accessories Limited is engaged in the manufacturing and wholesale distribution of imitation jewellery through a contract manufacturing model, along with the trading of branded cosmetics. The company markets traditional and contemporary jewellery under its City Girl and Manikya brands.

Its product portfolio includes bangles, earrings, necklaces, chains, rings, bracelets, mangalsutras, jewellery sets and CZ/AD jewellery. The company serves customers through B2B wholesale, e-commerce and corporate retail partnerships, while also expanding its B2C presence in Kolkata.

It operates around 120 shop-in-shop counters through corporate partnerships and processes more than 10,000 online orders per month across multiple e-commerce platforms. Its products cater to different age groups, occasions and price points, ranging from everyday wear to wedding and festive jewellery.

Disclaimer: The article is for informational purposes only and not investment advice.