RK Fashion Accessories Share Price: Stock Lists At ₹80 On NSE SME, Down 2.44% From IPO Price
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RK Fashion Accessories made a weak market debut on October 12 as its shares listed at ₹80, a 2.44% discount to the IPO price of ₹82. The ₹34.99 crore SME issue had received bids for more than 2.7 times the shares on offer.
RK Fashion Accessories shares made a weak stock market debut on Monday, October 12, listing at ₹80 on the NSE SME platform, 2.44% below the IPO issue price of ₹82.
The ₹2-per-share discount meant investors who received shares in the IPO started with a notional loss at the listing price. Individual investors were required to apply for at least 3,200 shares, involving an investment of ₹2,62,400 at the upper end of the price band. At the ₹80 listing price, the holding was valued at ₹2,56,000, translating into a notional loss of ₹6,400 on the minimum application size.
The weak debut came after the ₹34.99 crore RK Fashion Accessories IPO received bids for more than 2.7 times the shares on offer during the three-day bidding period. The issue, which was open from October 5 to October 7, was entirely a fresh issue of 42.67 lakh shares and had a price band of ₹77 to ₹82 apiece.
Demand was strongest from qualified institutional buyers, whose portion was subscribed 14.11 times, while the retail investor category was booked 3.11 times. The non-institutional investor portion was also fully subscribed.
RK Fashion Accessories IPO Details
The company finalised the basis of allotment on October 8 and shares were credited ahead of the October 12 listing.
RK Fashion Accessories plans to use the IPO proceeds for working capital and expansion. This includes setting up a plating facility and a B2B showroom, along with spending on interiors, furnishing and inventory for a proposed B2C showroom and stores. The remaining amount will be used for general corporate purposes and issue expenses.
Kolkata-based RK Fashion Accessories is engaged in the imitation jewellery business and gets its products manufactured through contract manufacturers and job workers. It sells through wholesale and retail channels and also trades in branded cosmetics.
Imitation jewellery contributed around 81.8% of its revenue in FY26, while cosmetics accounted for around 16.1%.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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