R.K.Fashion Accessories Limited IPO: Date, GMP, Price Band & Subscription
SME LISTED · updated 16 Oct 2026, 6:17 am IST · हिंदी में पढ़ें
Compiled by the Xflot IPO desk from NSE and BSE issue data, RHP, the registrar, grey-market quotes (unofficial) · Updated 16 Oct 2026, 06:07 am IST · How we source each figure
- Opens5 Oct
- Closes7 Oct
- Listing12 Oct
Listed on 12 Oct 2026.
A forecast is a guess about an outcome, scored on listing day. Not a recommendation — how it works.
Why is the R.K.Fashion Accessories Limited IPO GMP ₹9?
₹9 is what grey-market dealers were last quoting over the issue price of ₹82, which works out to +11.0%. Nobody publishes a reason for the level, and anyone claiming one is guessing. What can be said is that the rate is unofficial, quoted privately, and not published by NSE, BSE or SEBI.
What is the minimum investment in the R.K.Fashion Accessories Limited IPO?
One lot is 1600 shares, which costs about ₹1,31,200 at the top of the ₹77–₹82 band. Retail applications above ₹2,00,000 move into the HNI category, which is allotted on a different basis.
Valuation at the band
From the company's RHP dated 2026-09-29, every input checked against the document; prices from the exchange. Figures side by side — not a view on whether the price is right.
P/E against the listed peers the company names
Peers' P/E as printed in the RHP's Basis for Offer Price section, on their own reported earnings at that date. The issue's P/E is the upper band divided by its basic EPS for FY2026.
Who is bidding
The exchange's own category-wise book, as at 09 Oct 2026. Most sites show four categories; NSE publishes twenty-one, including mutual funds separately.
| Category | Offered | Bid for | Times |
|---|---|---|---|
| Qualified Institutional Buyers(QIBs) | — | — | 0.00x |
| Foreign Institutional Investors(FIIs) | — | — | 0.00x |
| Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | — | 0.00x |
| Mutual funds | — | — | 0.00x |
| Others | — | — | 0.00x |
| Non Institutional Investors | — | — | 0.00x |
| Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | — | — | 0.00x |
| Corporates | — | — | 0.00x |
| Individuals(IND category bidding for more than 2 Lots) | — | — | 0.00x |
| Others | — | — | 0.00x |
| Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | — | — | 0.00x |
| Corporates | — | — | 0.00x |
| Individuals(IND category bidding for more than 2 Lots) | — | — | 0.00x |
| Others | — | — | 0.00x |
| Individual Investors (IND category bidding for 2 Lots) | — | — | 0.00x |
| Total | — | — | 0.00x |
Where the book is building
Cumulative shares bid at each price point, against 42,67,200 on offer. An issue subscribed at the floor is a different thing from one subscribed at the ceiling, and the headline multiple cannot tell them apart.
Show the numbers
| Price | Shares bid at or above |
|---|---|
| At ₹82 or above | 1.02 cr |
| At ₹81 or above | 1.02 cr |
| At ₹80 or above | 1.02 cr |
| At ₹79 or above | 1.02 cr |
| At ₹78 or above | 1.03 cr |
| At ₹77 or above | 1.12 cr |
R.K.Fashion Accessories Limited IPO GMP — day by day
Reported grey market premium per share, one reading a day, against the issue's own dates. Unofficial throughout — hover or tab through for the implied listing price.
| Date | GMP | Trend | % of band |
|---|---|---|---|
| 07 Oct 2026 | ₹9 | ▼ | +10.98% |
| 06 Oct 2026 | ₹15 | ▲ | +18.29% |
| 05 Oct 2026 | ₹0 | ▬ | 0.00% |
| 02 Oct 2026 | ₹0 | — | 0.00% |
Subscription status
| Category | Times subscribed |
|---|---|
| No subscription figures were captured for this issue. NSE publishes category-wise subscription only while an issue is open, and this one closed before it was being tracked here. | |
R.K.Fashion Accessories Limited IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| One lot | 1 | 1,600 | ₹1,31,200 |
At the upper band. SME issues set the minimum application in the prospectus (SEBI raised it in 2025) — check the RHP for how many lots an individual must bid.
R.K.Fashion Accessories Limited IPO dates
| Step | Date |
|---|---|
| Opens for bids | Mon, 5 Oct 2026 |
| Closes for bids | Wed, 7 Oct 2026 |
| UPI mandate cut-off · 5 pm on the closing day | Wed, 7 Oct 2026 |
| Basis of allotment · T+1 | Thu, 8 Oct 2026 expected |
| Refunds start · T+2 | Fri, 9 Oct 2026 expected |
| Shares credited to demat · T+2 | Fri, 9 Oct 2026 expected |
| Listing · T+3 | Mon, 12 Oct 2026 |
"Expected" dates follow SEBI's T+3 timetable from the closing day, skipping weekends and market holidays; the exchange's or the company's own date replaces each one as soon as it is published.
| Issue size | ₹34.99 Cr |
| Price band | ₹77 – ₹82 |
| Lot size | 1600 shares |
| Registrar | Cameo Corporate Services Limited |
| Listing at | NSE |
Documents and links
- RHP dated 2026-09-29 — the document the figures on this page are quoted from
- Cameo Corporate Services allotment status — the registrar's own page (free; never asks for a payment or a password)
- How to check R.K.Fashion Accessories Limited IPO allotment
About this issue
Summary generated from the issue data on this page. Figures above are the source; this paragraph adds no new facts.
From the prospectus
Over 3 reported periods (FY2024 to FY2026), revenue moved +129%, and the latest period was profitable at ₹628.7 L. Figures are as stated in the company's RHP dated 2026-09-29, in ₹ lakh.
| Period | Revenue | Profit / (loss) | Margin | Debt |
|---|---|---|---|---|
| FY2024 | ₹1,328.5 L | ₹94.8 L | 7.1% | ₹60.9 L |
| FY2025 | ₹1,777.2 L | ₹199.7 L | 11.2% | ₹60.9 L |
| FY2026 | ₹3,035.7 L | ₹628.7 L | 20.7% | ₹170.3 L |
What the company does
R.K. Fashion Accessories is a Kolkata-based company that makes fashion jewellery through contract manufacturers and distributes it wholesale, and also trades branded cosmetics. Its handcrafted jewellery combines traditional design with contemporary styles and is sold through wholesale channels and direct sales. Revenue from operations was ₹3,035.71 lakh in the year ended March 31, 2026, against ₹1,777.19 lakh a year earlier, and profit after tax was ₹628.69 lakh. The issue is a fresh issue of up to 42,67,200 shares for listing on NSE Emerge.
Promoters
The promoters are Md. Qasim, Mohammed Usman, Md. Aurangzeb and Mohammed Imran. Mohammed Usman holds 60.11% and Md. Qasim 39.46% before the offer; the shareholding pattern shows promoters and promoter group together at 99.67%. After the offer the four promoters would hold 72.22%.
What the money is for
- Working capital requirements — ₹521.4 L
- New plating facility at Baruipur, Kolkata — ₹880.4 L
- Proposed new B2B showroom in Kolkata — ₹537 L
- Interiors and furnishings at B2C stores in Kolkata — ₹248 L
- Inventory for the proposed new showroom and stores — ₹560 L
- General corporate purposes and offer expenses (amounts not yet stated)
Risks the company itself lists
- The business depends substantially on certain key customers for a significant part of its revenue, and losing any of them may hurt results.
- It depends on suppliers for raw materials, so a supply shortfall or higher input costs may affect the pricing and supply of its products.
- Manufacturing is done by independent contract manufacturers, which exposes the company to problems or changes in their operations.
- The business is manpower and machine intensive and may be affected by strikes, work stoppages or higher wage demands.
- Operations need a significant amount of working capital, and an inability to fund it may affect results.
- The company has reported negative cash flows from its operating and investing activities in some periods.
Listed peers named in the document
Banaras Beads Limited — P/E 44.31x — The only listed peer in the Basis for Offer Price; the document says peers are not strictly comparable
Lead managers: Affinity Global Capital Market Private Limited.
Source: the RHP filed by the company ↗. This section reports what the document says; it is not a recommendation to apply, buy or sell.
Allotment status and registrar for R.K.Fashion Accessories Limited →
Frequently asked questions
What is the R.K.Fashion Accessories Limited IPO GMP today?
The reported grey market premium is ₹9 per share, roughly 10.98% of the upper price band. This is unofficial.
Does GMP decide the listing price?
No. GMP is unofficial sentiment and often differs from the actual listing price.
See the scoreboard for how the two have compared.