RK Fashion Accessories IPO Day 3: Subscription Status & Full Details
By ThePip Desk
RK Fashion Accessories IPO (₹35 cr) is open Oct 5–7 at ₹77–82. Check lot size, category-wise subscription, financials, allotment steps and listing date.
Last updated: Wed, Oct 7, 2026, 11:03 AM IST
- IPO dates: Mon, Oct 5, 2026 to Wed, Oct 7, 2026
- Price band: ₹77 to ₹82 per share
- Lot size: 3,200 shares (₹2,62,400 at the upper band)
- Issue size: ₹35 crore
RK Fashion Accessories Ltd., a Kolkata-based manufacturer and distributor of imitation jewellery and trader of branded cosmetics, is raising ₹35 crore through its IPO, which opened on Mon, Oct 5, 2026 and closes on Wed, Oct 7, 2026 at a price band of ₹77 to ₹82 per share. The issue is currently open for subscription. Here is everything you need to know about the RK Fashion Accessories IPO.
RK Fashion Accessories IPO Details
| Field | Value |
|---|---|
| IPO date | Mon, Oct 5, 2026 to Wed, Oct 7, 2026 |
| Listing date | To be announced |
| Face value | ₹10 per share |
| Price band | ₹77 to ₹82 per share |
| Lot size | 3,200 shares |
| Total issue size | 42,67,200 shares (₹35 crore) |
| Listing at | NSE |
| Lead managers | Affinity Global Capital Market Pvt Ltd. |
| Registrar | Cameo Corporate Services Ltd |
RK Fashion Accessories IPO Timeline
| Event | Date |
|---|---|
| Anchor bidding | Fri, Oct 2, 2026 (tentative) |
| IPO opens | Mon, Oct 5, 2026 |
| IPO closes | Wed, Oct 7, 2026 |
| UPI mandate cut-off | Wed, Oct 7, 2026, 5 PM |
| Basis of allotment | Thu, Oct 8, 2026 (tentative) |
| Refunds initiated | Fri, Oct 9, 2026 (tentative) |
| Shares credited to demat | Fri, Oct 9, 2026 (tentative) |
| Listing date | Mon, Oct 12, 2026 (tentative) |
Dates other than IPO open, close and listing follow SEBI’s standard T+3 listing schedule (T = the close date) and can shift for exchange holidays.
About RK Fashion Accessories
RK Fashion Accessories Ltd. (formerly Satabadi Distributor Private Limited) is a Kolkata-based entity that operates across the imitation jewellery and branded cosmetics sectors. As per the DRHP, the company manages the wholesale distribution of imitation jewellery and trades in various branded cosmetics. It also earns revenue through the leasing of hotel properties. The firm serves a diverse client base, including boutique owners, local retailers, and export merchants in the B2B segment, while also reaching individual customers through e-commerce platforms and physical retail stores.
Originally incorporated on March 23, 2010, the company has evolved its business model to integrate manufacturing and distribution. Notably, the company does not maintain in-house plating facilities; instead, it relies on contract manufacturers and job workers to manage the production of its jewellery products. This approach allows the company to focus on its core strengths in wholesale distribution and market reach. The company’s revenue streams are primarily derived from its imitation jewellery sales, followed by cosmetics trading and rental or commission income.
By leveraging its established reputation and customer relationships, the company has expanded its footprint within the imitation jewellery market. Its operations are currently focused on serving both B2B and B2C consumers, ensuring a presence in both wholesale and retail channels. The company continues to refine its product offerings and distribution networks to cater to the evolving demands of its target demographics in the jewellery and fashion accessories space.
RK Fashion Accessories Financial Performance
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue from operations (₹ crore) | 303.57 | 177.72 | 132.85 |
| Total income (₹ crore) | 315.42 | 178.23 | 144.57 |
| Profit after tax (₹ crore) | 62.87 | 19.97 | 9.48 |
| Net worth (₹ crore) | 161.62 | 98.15 | 78.18 |
| Total borrowings (₹ crore) | — | — | — |
- Revenue from operations grew 33.8% in FY 2024-25, rising from ₹132.85 crore in FY 2023-24 to ₹177.72 crore, indicating a steady expansion in the company’s core business activities.
- Revenue from operations grew 70.8% in FY 2025-26, reaching ₹303.57 crore from ₹177.72 crore in FY 2024-25, which reflects a significant increase in the scale of operations over the last year.
- Profit after tax grew 110.7% in FY 2024-25 to ₹19.97 crore from ₹9.48 crore in FY 2023-24, followed by a 214.8% growth in FY 2025-26 to ₹62.87 crore.
- The PAT margin improved from 7.13% in FY 2023-24 to 11.24% in FY 2024-25, and further to 20.71% in FY 2025-26, showing a consistent trend of rising profitability relative to total revenue.
RK Fashion Accessories IPO Valuation and Key Ratios
| Metric | Value |
|---|---|
| Return on equity, FY 2025-26 (%) | 48.40 |
| PAT margin, FY 2025-26 (%) | 20.71 |
The company reported a return on equity of 48.40% for FY 2025-26, alongside a PAT margin of 20.71% for the same period. These figures provide a snapshot of the company’s profitability and capital efficiency as of the latest financial year. The DRHP identifies Banaras Beads Ltd. as a listed industry peer for comparison. The company notes that while this peer is not strictly comparable in terms of size or business portfolio, it is included to provide a broader context for the valuation metrics presented in the offer document.
Promoters and Shareholding
Promoters: MD. Qasim, Mohammed Usman, Mohammed Imran, Md. Aurangzeb.
| Holder | Pre-issue % | Post-issue % |
|---|---|---|
| Promoter & promoter group | 99.67% | — |
| Public | 0.33% | — |
The promoters of the company are MD. Qasim, Mohammed Usman, Mohammed Imran, and Md. Aurangzeb. Before the issue, the promoter and promoter group held 99.67% of the equity, while the public held 0.33%. The issue is a fresh issue of 4,267,200 equity shares, which will dilute the existing shareholding percentage post-listing.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| To meet the working capital requirements | 5.21 |
| New plating facility at Baruipur, Kolkata West Bengal | 8.80 |
| Proposed new B2B showroom in Kolkata | 5.37 |
| Completion of B2C Stores in Kolkata | 2.48 |
| Inventory cost for the proposed new showroom and stores | 5.60 |
The company intends to use the net proceeds from the fresh issue to support its growth initiatives. Key allocations include ₹5.21 crore for working capital requirements and ₹8.80 crore to establish a new plating facility at Baruipur, Kolkata. Additionally, the company plans to invest ₹5.37 crore in a new B2B showroom, ₹2.48 crore for B2C store interiors, and ₹5.60 crore for inventory. There is no offer for sale in this IPO, meaning all proceeds go directly to the company.
Strengths and Risks
Strengths
- The company benefits from organizational stability and management expertise, supported by a workforce of efficient employees as noted in the DRHP.
- It maintains an established reputation and strong customer relationships across its B2B and B2C segments.
- The company demonstrates a consistent focus on meeting quality standards for its imitation jewellery products.
- It operates a well-established plating facility designed to handle a wide range of product requirements.
Risks
- The company faces customer concentration risk, with its top 10 customers contributing 21.61% of total sales in FY 2023-24.
- Supplier concentration is a factor, as the top 10 suppliers accounted for 48.68% of total purchases.
- Revenue is geographically concentrated, with a significant portion generated from Eastern Indian states including West Bengal, Bihar, Jharkhand, and Odisha.
- The company is currently involved in outstanding tax litigation proceedings involving an amount of ₹33.23 Lakhs.
Things Investors Should Know
- The minimum investment for retail investors at the upper price band of ₹82 is ₹2,62,400 for one lot of 3,200 shares.
- The IPO closes on Wed, Oct 7, 2026, and the UPI mandate cut-off time for applications is 5 PM on the same day.
- The lead manager for the issue is Affinity Global Capital Market Pvt Ltd, and the registrar is Cameo Corporate Services Ltd.
- There is no outstanding litigation against the promoters, though the company itself faces tax proceedings.
- The issue consists entirely of a fresh issue of shares, meaning all proceeds will be used by the company for its stated business objectives.
How to Check RK Fashion Accessories IPO Allotment Status
- Registrar: open the IPO allotment status page of Cameo Corporate Services Ltd, select RK Fashion Accessories, and enter your PAN, application number or DP/client ID.
- BSE: on bseindia.com, open the IPO allotment status page, choose “Equity”, select the issue name, and enter your application number and PAN.
- NSE: look up the issue on nseindia.com and use its application status option with your application number and PAN.
- Broker or UPI app: most brokers and UPI apps also show whether your application was allotted.
If you are not allotted shares, the amount blocked in your bank account through ASBA or your UPI mandate is released after the refund date. No money is debited.
RK Fashion Accessories IPO Listing Details
| Field | Value |
|---|---|
| Exchanges | NSE |
RK Fashion Accessories IPO FAQs
What is the RK Fashion Accessories IPO price band?
The price band for the RK Fashion Accessories IPO is set between ₹77 and ₹82 per share. Most retail investors typically choose to bid at the upper end of the price band to increase their chances of allotment. The face value of each equity share is ₹10.
When does the RK Fashion Accessories IPO open and close?
The RK Fashion Accessories IPO opened for public subscription on Mon, Oct 5, 2026. The issue will remain open for bidding until Wed, Oct 7, 2026. Investors must ensure their applications and UPI mandates are submitted by the cut-off time of 5 PM on the closing date.
What is the RK Fashion Accessories IPO lot size and minimum investment?
The lot size for this IPO is 3,200 shares. This means you must apply for at least 3,200 shares or multiples thereof. At the upper price band of ₹82 per share, the minimum investment required for one lot is ₹2,62,400 for retail investors.
What is the RK Fashion Accessories IPO allotment date and how do I check allotment status?
The basis of allotment for the RK Fashion Accessories IPO is tentatively scheduled for Thu, Oct 8, 2026. Once the allotment is finalized, you can check your status on the website of the registrar, Cameo Corporate Services Ltd, or through the portal of the National Stock Exchange.
Who are the promoters of RK Fashion Accessories and how much will they hold after the IPO?
The promoters of RK Fashion Accessories Ltd. are MD. Qasim, Mohammed Usman, Mohammed Imran, and Md. Aurangzeb. Before the current IPO, the promoter and promoter group held 99.67% of the company’s equity. Their exact shareholding percentage after the fresh issue of 4,267,200 shares will be determined upon the final allotment.
How will RK Fashion Accessories use the IPO money?
The company plans to use the net proceeds to fund several growth projects. This includes ₹5.21 crore for working capital, ₹8.80 crore for a new plating facility in Baruipur, ₹5.37 crore for a new B2B showroom, ₹2.48 crore for B2C store interiors, and ₹5.60 crore for inventory costs.
Who is the registrar and lead manager of the RK Fashion Accessories IPO?
The lead manager responsible for managing the RK Fashion Accessories IPO is Affinity Global Capital Market Pvt Ltd. The registrar for the issue, who handles the application processing and share allotment, is Cameo Corporate Services Ltd. You can contact them for queries regarding your application or allotment status.
Is the RK Fashion Accessories IPO a fresh issue or an offer for sale?
The RK Fashion Accessories IPO consists entirely of a fresh issue of 4,267,200 equity shares. There is no offer for sale component in this issue. This means that all the money raised from the IPO will go directly to the company to fund its business expansion and working capital needs.
What are the key risks of the RK Fashion Accessories IPO?
Key risks include customer concentration, with the top 10 customers contributing 21.61% of sales, and supplier concentration, with the top 10 suppliers accounting for 48.68% of purchases. Additionally, the company faces geographic revenue concentration in Eastern India and has outstanding tax litigation proceedings against the company involving ₹33.23 Lakhs.
This article is for information only and is not investment advice. Business, risk and litigation details are as per the company’s DRHP; issue, financial and exchange data are from ThePip’s IPO database as of Wed, Oct 7, 2026, 11:03 AM IST. IPO investments are subject to market risks; read the offer document carefully before investing.