Incorporated in March 2010, R.K. Fashion Accessories Limited is engaged in the manufacturing through contract manufacturers and wholesale distribution of imitation jewellery, along with the trading of branded cosmetics. Its product portfolio comprises handcrafted imitation jewellery incorporating traditional designs with contemporary styles, catering to various segments through wholesale and direct sales channels. The Company operates with a focus on the B2B and B2C segments, supplying its products through wholesale channels while expanding its direct presence among individual consumers. It has also adopted a multi-platform e-commerce strategy and has established corporate tie-ups to support its sales and customer base. The Company has purchased a property on Rash Behari Avenue, Kolkata, which is currently under construction and is intended to strengthen its retail presence and expand its B2C customer base in Kolkata, particularly in areas with relatively lower concentration of its existing B2B customers.
The Company focuses on product quality through multi-stage inspection and quality control processes and maintains relationships with its customers through its B2B operations. Its business model combines traditional jewellery designs with contemporary styles while expanding its sales reach through wholesale, retail and online channels. The Company also aims to diversify its customer base through greater penetration of the B2C segment.
As of June 30, 2026, the Company had 50 permanent employees, including directors and key managerial personnel, supported by contractual labour engaged according to business requirements and high-volume orders. Its workforce comprises personnel across operations, management, finance, marketing, design, sales, customer service, packaging, quality control and human resources.
Competitive Strengths
R.K.Fashion Accessories Ltd.’s revenue increased by 77% and profit after tax (PAT) rose by 215% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 28.32 | 23.88 | 16.88 | 11.70 |
| Total Income | 7.49 | 31.54 | 17.82 | 14.46 |
| Profit After Tax | 1.83 | 6.29 | 2.00 | 0.95 |
| EBITDA | 2.55 | 7.34 | 2.98 | 0.11 |
| NET Worth | 17.99 | 16.16 | 9.81 | 7.82 |
| Reserves and Surplus | 6.74 | 4.91 | 9.16 | 7.16 |
| Total Borrowing | 3.06 | 1.70 | 0.61 | 0.61 |
| Amount in ₹ Crore | ||||
Note:-
Operating EBITDA is provided in the financial statements.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| SMR Jewels Ltd. | SME | ₹63.74 Cr | ₹128 | 18.01 | ₹103.05 | -19.49% | ₹93.05 |
| Yaashvi Jewellers Ltd. | SME | ₹43.88 Cr | ₹83 | 5.6 | ₹87.05 | +4.88% | ₹77.38 |
| Grover Jewells Ltd. | SME | ₹33.83 Cr | ₹88 | 12.31 | ₹100.80 | +14.55% | ₹464.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 5.21 |
| 2 | To Finance Establishment of-New plating facility at Baruipur, Kolkata West Bengal | 8.80 |
| 3 | To Finance Establishment of-Proposed new B2B showroom in Kolkata | 5.37 |
| 4 | To Finance Establishment of-Completion of B2C Stores in Kolkata | 2.48 |
| 5 | To Finance Establishment of-Inventory cost for the proposed new showroom and stores | 5.60 |
| 6 | General Corporate Purposes | |
| Total | 27.47 |
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 10.71% | 48.40% |
| ROCE | 12.56% | 57.74% |
| Debt/Equity | 0.17 | 0.11 |
| RoNW | 40.66% | 38.90% |
| PAT Margin | 24.40% | 20.71% |
| EBITDA Margin | 34.08% | 24.16% |
| NAV | 15.99 | 14.37 |
| P/B (x) | 5.13 | 5.71 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.59 | 4.71 |
| P/E (x) | 14.67 | 17.41 |
| IPO Date | 5 to 7 Oct, 2026 |
| Listing Date | Mon, Oct 12, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹77 to ₹82 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,67,200 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker |
2,14,400 shares
(agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 40,52,800 shares (agg. up to ₹33 Cr) |
| Net Offered to Public | 40,52,800 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 1,12,49,563 shares |
| Share Holding Post Issue | 1,55,16,763 shares |
The Promoters f the Company are Md.Qasim, Mohammed Usman, Mohammed Imran and Md.Aurangzeb.
| Share Holding Pre Issue | 99.67% |
| Share Holding Post Issue | 72.26% |
As per our analysis and Based on the information we have, this is the output.
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