NSE SME R K Fashion Accessories struggles to hold ground after market debut

R K Fashion Accessories traded at Rs 76 on the NSE, a 7.32% discount to its issue price of Rs 82.

The scrip was listed at Rs 80, a 2.44% discount to the issue price. The stock is currently frozen at its lower limit of 5% from its listing price.

The counter hit a high of Rs 80 and a low of Rs 76. About 4.86 lakh shares changed hands on the NSE.

R K Fashion Accessories' IPO was subscribed 2.61 times. The IPO opened for subscription on 5 October 2026 and closed on 7 October 2026. The price band was fixed at Rs 77-82 per share.

The IPO comprised an entirely fresh issue of 42.67 lakh shares. The promoter and promoter group holding declined to 72.26% after the IPO from 99.67% before the issue.

The company proposes to utilise Rs 5.21 crore towards working capital requirements, Rs 8.80 crore for establishing a new plating facility at Baruipur in Kolkata, Rs 5.37 crore for a new B2B showroom in Kolkata, Rs 2.48 crore for completing B2C stores in Kolkata and Rs 5.60 crore for inventory for the proposed showroom and stores. The remaining proceeds will be used for general corporate purposes.

Incorporated in 2010, R.K. Fashion Accessories is engaged in the manufacturing, wholesale distribution and sale of imitation jewellery, along with the trading of branded cosmetics. The company offers handcrafted imitation jewellery featuring traditional designs as well as contemporary styles and caters to both business-to-business (B2B) and business-to-consumer (B2C) markets.

The company operates through wholesale and direct sales channels, multi-platform e-commerce platforms and corporate tie-ups. It is also expanding its B2C presence through retail stores and plans to strengthen its retail operations with a property on Rash Behari Avenue in Kolkata. Its business model combines traditional wholesale distribution with an expanding digital and retail presence. As of 30 June 2026, the company had 50 permanent employees.

Financially, R.K. Fashion Accessories reported total income of Rs 31.54 crore in FY2026, up from Rs 17.82 crore in FY2025. Profit after tax rose to Rs 6.29 crore from Rs 2 crore, while EBITDA increased to Rs 7.34 crore from Rs 2.98 crore. Total borrowings stood at Rs 1.70 crore as of 31 March 2026, compared with Rs 0.61 crore a year earlier.

For the quarter ended 30 June 2026, the company reported total income of Rs 7.49 crore and profit after tax of Rs 1.83 crore, with EBITDA at Rs 2.55 crore.

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