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R.K. Fashion Accessories Ltd IPO
R.K. Fashion Accessories Ltd
₹2,46,400 /3200 sharesMinimum investment
IPO details
Minimum investment
₹2,46,400
Price range
₹77 - ₹82
Lot size
1,600
Issue size
34.99 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
5 Oct 2026
IPO open date
7 Oct 2026
IPO close date
8 Oct 2026
Allotment date
8 Oct 2026
Funds unblock or debit
12 Oct 2026
Tentative listing date
About
Founded in
2010
MD/CEO
Mr Mohammed Qasim
Parent organisation
R.K. Fashion Accessories Ltd
R K Fashion Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
R. K. Fashion Accessories claims to operate with skilled artisans and craftsmen, including workers with experience in traditional Bengali jewellery-making techniques. The company manufactures 24-carat gold-plated copper jewellery and American Diamond pieces, combining traditional designs with contemporary styles.
The company sells its Manikya Jewellery products through multiple e-commerce platforms and its own website. It received 63,665 online orders in FY26, compared with 61,951 in FY25 and 65,994 in FY24.
R. K. Fashion Accessories has corporate partnerships with national retail chains and operates around 120 shop-in-shop counters through these arrangements. Its corporate channel revenue increased from Rs 3.18 crore in FY24 to Rs 3.57 crore in FY26.
The company claims to follow a nine-stage inspection and handling process covering raw material receipt, plating, weighing, counting, pricing, packaging, and dispatch. It also claims to introduce new jewellery collections every six to eight weeks and provides a six-month colour guarantee on gold-plated products.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 13.28 crore in FY24 to Rs 17.77 crore in FY25 and Rs 30.36 crore in FY26. PAT increased from Rs 0.95 crore in FY24 to Rs 2.00 crore in FY25 and Rs 6.29 crore in FY26.
The top 5 customers contributed Rs 3.37 crore (11.11%), Rs 3.14 crore (17.68%), and Rs 2.66 crore (20.07%) to the company’s sales in FY26, FY25, and FY24, respectively. Any loss of these key customers or a significant reduction in orders could adversely affect the company’s sales, cash flow, profitability, and operational stability.
The top 5 suppliers accounted for Rs 6.67 crore (34.10%), Rs 4.50 crore (26.96%), and Rs 3.10 crore (31.92%) of the company’s raw material purchases in FY26, FY25, and FY24, respectively. Any disruption in the supply of raw materials or increase in their prices and other input costs could adversely affect the company’s production, pricing, financial condition and results of operations.
The company reported negative cash flows from operating activities of Rs 0.68 crore in FY26 and Rs 0.26 crore in FY24, while investing activities recorded negative cash flows of Rs 0.49 crore, Rs 0.23 crore, and Rs 2.14 crore in FY26, FY25, and FY24, respectively. The negative operating cash flows were mainly due to decreases in trade payables and increases in trade receivables, inventories, and short-term loans and advances, while negative investing cash flows were primarily due to purchases of fixed assets and investments, as well as the merger-related adjustments in FY24. Any sustained negative cash flows could adversely affect the company’s liquidity, working capital, and ability to meet its financial obligations.
The company generated Rs 26.20 crore (86.32%), Rs 14.07 crore (79.15%), and Rs 10.10 crore (76.04%) of its revenue from Bihar, Jharkhand, Odisha, and West Bengal in FY26, FY25, and FY24, respectively. West Bengal alone contributed Rs 19.97 crore (65.77%), Rs 11.56 crore (65.08%), and Rs 8.44 crore (63.52%) during the same periods. Any adverse economic, regulatory, political, or competitive developments, or changes in consumer demand in these states, could adversely affect the company’s revenues and profitability.
The company generated Rs 1.47 crore (4.84%), Rs 1.72 crore (9.69%), and Rs 2.22 crore (16.73%) of its revenue from e-commerce sales in FY26, FY25, and FY24, respectively. Any false or fraudulent returns, including product substitution, misuse, or returns of damaged or incorrect items, could result in inventory losses, higher logistics and reverse-handling costs, and operational inefficiencies.
The company, its directors, promoter, and KMP/SMP are involved in certain outstanding civil, tax, statutory, regulatory, and other material legal proceedings as of the date of the Draft Red Herring Prospectus. Any adverse outcome in these proceedings could hurt the company’s business, reputation, and results of operations.
The company had outstanding financial indebtedness of Rs 1.70 crore as of March 31, 2026. Any failure to service or repay its borrowings on time could adversely affect the company’s business, financial condition, and cash flows.
The company had trade receivables of Rs 3.42 crore as of March 31, 2026. Any delay or failure in collecting these receivables could increase working capital requirements and adversely affect the company’s cash flows and financial condition.
Application details
For R K Fashion IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹77 - ₹82 | ₹2 - ₹5 Lakhs | 1600 |