R.K. Fashion Accessories IPO

About R.K.Fashion Accessories IPO

R.K. Fashion Accessories IPO, an SME IPO, opens on October 5, 2026 and closes on October 7, 2026. The allotment of shares will take place on October 8, 2026. The listing of shares will take place on October 12, 2026 on the NSE SME platform.

R.K. Fashion Accessories IPO’s price band is set at ₹77 to ₹82 per share. The lot size for an application is 1,600 shares, with a minimum application of 3,200 shares. The minimum amount of investment required by a retail investor is ₹2,62,400 based on the upper price band.

The offer consists of a fresh issue component. The fresh issue will include up to 42,67,200 equity shares aggregating up to ₹34.99 crores.

R.K. Fashion Accessories is a Kolkata-based company involved in the manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with the trading of branded cosmetics. The company produces and distributes a variety of handcrafted jewellery items that incorporate elements of traditional design alongside contemporary styles.

Objectives of R.K.Fashion Accessories IPO

• To meet the working capital requirements.
  
• To Finance Establishment of
  a) New plating facility at Baruipur, Kolkata, West Bengal.
  b) Proposed New B2B showroom in Ezra Street Kolkata.
  c) Interior and furnishing of B2C Showroom in Rash Behari Avenue Kolkata.
  d) Inventory cost for the proposed new showroom and stores.
  
• General corporate purpose.
  
• To meet the offer expenses.
  

Industry Outlook

The Indian jewellery industry is one of the most culturally entrenched and economically significant sectors in the country. The Indian jewellery market size is projected to reach USD 15000 crores by 2033 at a CAGR of 5.2 – 6.3%. The sector contributes 7% to India’s GDP and 15% of total merchandise exports, establishing itself as a critical pillar of the nation’s economic growth. A major structural shift is underway in the Indian jewellery industry, with organized vs unorganized jewellery market India dynamics changing rapidly.

The India costume jewelry market is experiencing significant growth, fuelled by increasing fashion awareness, rising disposable incomes, and shifting consumer preferences toward trendy, affordable accessories.

Costume jewelry offers a cost-effective alternative to traditional jewelry, appealing particularly to younger consumers and working women seeking style without high investment. The expansion of e-commerce platforms, social media influence, and celebrity endorsements further drive demand.

Additionally, the growing popularity of fusion wear and western fashion styles has contributed to the rising acceptance of costume jewelry across urban and semi-urban regions. Local artisans and small-scale manufacturers also play a key role in market development.

About R.K.Fashion Accessories

RK Fashion Accessories is a Kolkata-based company involved in the manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with the trading of branded cosmetics. They produce and distribute a variety of handcrafted jewellery items that incorporate elements of traditional design alongside contemporary styles.

Its operations focus on supplying products to various market segments through both wholesale channels and direct sales, supporting a diversified business model within the fashion and personal care sectors. They design, manufacture by their contract manufacturers and sell a wide range of gold, stone studded and other jewellery products across various price points ranging from jewellery for special occasions, such as weddings to daily-wear jewellery.

They operate within the fashion jewellery sector in Kolkata which correspond to the roles of dealer, retailer, and distributor of imitation jewellery along with trading of cosmetics. They follow a business model that incorporates both offline and online platforms, allowing them to operate across multiple channels for customer access and engagement. They receive orders from both Business-to-Business (B2B) and Business-to-Customers (B2C) consumers. Starting from the 2024-25 financial year, they began leasing their hotels to third parties, which has allowed them to generate rental income.

Strengths of R.K.Fashion Accessories

• Blending heritage with contemporary jewellery.
• Efficient B2B support and retention of customers.
• Multi-platform e-commerce strategy.
• Strategic high-value corporate tie-ups.
• Consistent revenue growth and diversification.

Risks of R.K.Fashion Accessories

• Their business is substantially dependent on certain key customers.
• They are dependent on their suppliers for uninterrupted supply of raw materials.
• Their manufacturing relies on contract manufacturers who operate independently.
• Their business is both manpower and machine intensive.
• The company operations require a significant amount of working capital for continuing growth.

Revenue from operations for FY25

Note: Industry Peer may be modified for finalization of Issue Price before filing Prospectus with ROC * Sourced from Annual Reports, Audited Financial taken from, BSE/NSE. # Calculated on Annualized Basis for Comparative Purpose ^Not Annualized.

• Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same have been included for broader comparison.

• The figures for R. K. Fashion Accessories are based on the restated results for the financial year ended as on March 31, 2026.

• The figures for the peer group, are based on the audited results for the financial year ended as on December 31, 2025.

• Current Market Price (CMP) is the price of respective scrip as on May 12, 2026.

Anchor Investor Bidding Date:

Thursday, October 1, 2026.

Registrar Details
Cameo Corporate Services Limited
Email: cameo@cameoindia.com
Tel.: + 91-44-28460390 / + 91-44-40020710

Book Running Lead Manager: Affinity Global Capital Market Private Limited

R.K.Fashion Accessories Contact Details

Address: R.K.Fashion Accessories Ltd. Address, Room No. A-201, 2nd Floor, Bagree Market 71, B. R. B. Basu Road, Kolkata, West Bengal, 700001. Email: cs@citygirljewellery.com Phone: +91 8282052929

R.K.Fashion Accessories Business Model

The company earns its revenue through the following:

• Imitation Jewellery
• Cosmetics
• Rental & Commission Income

R.K.Fashion Accessories Growth Trajectory

R.K.Fashion Accessories’s Total Income for FY26 was ₹31.542 crores, whereas in FY25 and FY24 it was ₹17.823 crores and ₹14.457 crores, respectively.

The Profit After Tax for FY26 was ₹6.287 crores, whereas in FY25 and FY24 it was ₹1.997 crores and ₹0.948 crores, respectively.

Their EBITDA for FY26 was ₹7.335 crores, whereas in FY25 and FY24 it was ₹2.975 crores and ₹0.114 crores, respectively.

R.K.Fashion Accessories Market Position

Over time, RK Fashion Accessories has expanded its business operations across multiple states in India through a steady and structured approach.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹31.542 crores, ₹6.287 crores, and ₹7.335 crores, respectively.

How to apply for R.K.Fashion Accessories IPO?

• Step 1: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.