GMP IPO Watch
R.K.Fashion IPO 2026: Latest Update
R.K.Fashion Accessories Limited is preparing to launch its SME IPO on October 5, 2026. The issue will remain open for subscription until October 7 and comprises a fresh issue of approximately 42.67 lakh equity shares worth ₹34.99 crore.
The company has fixed the IPO price band at ₹77 to ₹82 per share. The shares are proposed to be listed on the SME platform, with the listing scheduled for October 12, 2026.
| Particular | Details |
|---|---|
| IPO Name | R.K.Fashion Accessories IPO |
| IPO Type | SME IPO |
| IPO Open Date | October 5, 2026 |
| IPO Close Date | October 7, 2026 |
| Price Band | ₹77 – ₹82 |
| Issue Size | ₹34.99 Crore |
| Issue Type | Fresh Issue |
| Face Value | ₹10 per share |
| Lot Size | 1,600 Shares |
| Minimum Investment | ₹1,31,200 |
| Maximum Retail Application | 3,200 Shares |
| Retail Maximum Investment | ₹2,62,400 |
| Listing | SME Platform |
| Allotment Date | October 8, 2026 |
| Refund/Share Credit | October 9, 2026 |
| Listing Date | October 12, 2026 |
| Registrar | Cameo Corporate Services |
| Lead Manager | Affinity Global Capital Market |
R.K.Fashion IPO GMP Today
The latest available grey market information indicates ₹0 GMP / GMP not meaningfully started for R.K.Fashion IPO.
Since the IPO is scheduled to open on October 5, the grey market premium may develop closer to the subscription period. GMP is an unofficial indicator and can change frequently; it should not be treated as a guaranteed listing price.
R.K.Fashion IPO Subscription Status
The R.K.Fashion IPO is currently an upcoming issue, so live subscription data is not yet available.
Bidding will begin on October 5 and continue for three days until October 7. Investors will be able to participate across the applicable QIB, NII and retail categories during the issue period.
The subscription figures are expected to become an important indicator once the issue opens, particularly because the IPO is targeting the SME segment.
R.K.Fashion IPO Price Band and Lot Size
The price band has been set at ₹77 to ₹82 per equity share, with a lot size of 1,600 shares.
At the upper price band of ₹82, one lot requires an investment of ₹1,31,200. Investors applying for the maximum retail limit of two lots would need ₹2,62,400 at the upper band.
The relatively high minimum application amount is typical of SME IPOs, where the market lot is generally larger than that of mainboard IPOs.
About R.K.Fashion Accessories
R.K.Fashion Accessories Limited is a Kolkata-based company operating in the imitation jewellery and cosmetics segment.
The company manufactures imitation jewellery through contract manufacturers and distributes these products through wholesale and direct sales channels. It also trades in branded cosmetics. Its jewellery portfolio combines traditional designs with contemporary styling and targets different customer segments.
The company operates brands including City Girl and Manikya, which were launched in 2018. It later expanded into the Shop-in-Shop model and e-commerce channels.
R.K.Fashion Business Model
R.K.Fashion follows a combination of wholesale distribution, retail partnerships and online sales.
One of its key distribution models is the Shop-in-Shop (SIS) format, through which its products are displayed and sold through retail partners. The company has also developed an e-commerce presence and works with corporate retail partnerships.
According to the company's IPO-related information, its distribution network includes around 120 Shop-in-Shop counters, along with e-commerce and other retail channels, with a significant presence in Kolkata and the surrounding market.
The company has therefore been building its business around multiple sales channels instead of relying entirely on conventional wholesale distribution.
R.K.Fashion Jewellery and Cosmetics Portfolio
The company's product offering is primarily divided into imitation jewellery and branded cosmetics.
Its jewellery business includes products designed around traditional Indian jewellery styles as well as contemporary fashion preferences. The company serves different market segments through its wholesale and retail distribution network.
Alongside jewellery, R.K.Fashion trades in branded cosmetics, giving it an additional product category within the fashion and lifestyle market.
R.K.Fashion IPO Financial Performance
R.K.Fashion reported strong growth in its latest financial year.
Revenue from operations increased to approximately ₹30.36 crore in FY2026, compared with around ₹17.82 crore in FY2025. Profit after tax increased substantially to approximately ₹6.29 crore in FY2026, compared with about ₹2.00 crore in FY2025.
| Particular | FY2025 | FY2026 |
|---|---|---|
| Revenue | ₹17.82 Cr | ₹30.36 Cr |
| Profit After Tax | ₹2.00 Cr | ₹6.29 Cr |
| Revenue Growth | — | ~70.8% |
| PAT Growth | — | ~214.5% |
The sharp improvement in revenue and profitability is one of the key financial developments highlighted in the company's IPO documents and recent IPO coverage.
R.K.Fashion IPO: Use of Funds
The company plans to use the IPO proceeds for a combination of business expansion and working-capital requirements.
Major objectives include funding the establishment of a new plating facility at Baruipur, Kolkata, setting up a proposed B2B showroom, improving interiors and furnishings at B2C stores, purchasing inventory for the proposed showroom and stores, meeting working-capital requirements and general corporate purposes.
The planned plating facility is particularly relevant to the company's jewellery operations because it can increase control over part of the jewellery finishing process.
R.K.Fashion Expansion Plans
The proposed expansion is focused largely on strengthening the company's existing jewellery and retail infrastructure.
The company intends to increase its operational capabilities through the new plating facility and expand its physical sales presence with additional B2B and B2C infrastructure.
The planned investment in inventory and working capital is also important for a business where maintaining sufficient product availability can directly support sales through wholesale, retail and e-commerce channels.
R.K.Fashion Company History
R.K.Fashion's corporate history dates back to 2010, when the company was incorporated as Satabadi Distributor Private Limited in Kolkata.
In 2011, the company changed its name to R.K.Fashion Accessories Private Limited. The company subsequently introduced its City Girl and Manikya brands in 2018 and began operating through the Shop-in-Shop model in 2021.
It later expanded its e-commerce activities and made additional property investments in Kolkata. In 2026, the company was converted from a private limited company into a public limited company ahead of its IPO.
R.K.Fashion IPO Important Dates
The IPO bidding period is scheduled to begin on October 5, 2026 and close on October 7, 2026.
The basis of allotment is expected on October 8, followed by refunds and demat credit on October 9. The shares are scheduled to list on October 12, 2026.
| Event | Date |
|---|---|
| IPO Opens | October 5, 2026 |
| IPO Closes | October 7, 2026 |
| Allotment | October 8, 2026 |
| Refund/Share Credit | October 9, 2026 |
| IPO Listing | October 12, 2026 |
R.K.Fashion IPO: Key Points to Track
Before the IPO opens, investors tracking R.K.Fashion can watch several factors closely. These include the subscription response across investor categories, any movement in the unofficial GMP, the company's ability to maintain its recent revenue and profit growth, and the execution of its planned expansion.
The company's FY2026 financial performance showed a significant improvement compared with FY2025, while the IPO proceeds are intended to support working capital, new infrastructure and retail expansion.
At the same time, R.K.Fashion is an SME company with a relatively small issue size, so investors should consider the company's business concentration, working-capital requirements, dependence on contract manufacturing and the risks associated with SME-listed shares alongside the headline financial growth.
R.K.Fashion IPO Summary
R.K.Fashion Accessories IPO is a ₹34.99 crore SME fresh issue with a price band of ₹77 to ₹82 per share. The company operates in imitation jewellery and branded cosmetics and has been expanding through wholesale distribution, Shop-in-Shop counters, e-commerce and retail partnerships.
The company reported revenue of about ₹30.36 crore and profit of ₹6.29 crore in FY2026, substantially higher than the previous year. The IPO proceeds are planned for working capital, a new plating facility, showroom expansion, B2C store improvements, inventory and general corporate purposes.
The IPO opens on October 5 and closes on October 7, with listing planned for October 12, 2026. GMP is currently around ₹0/not started and subscription data will become available after the issue opens.
