RKFA

R.K. Fashion Accessories Limited

Listed SME NSE Fresh Issue
🔥🔥🔥🔥🔥

R.K. Fashion Accessories is a Kolkata-based manufacturer and distributor of handcrafted imitation jewellery and branded cosmetics. The company operates through B2B wholesale, B2C retail, and e-commerce channels with a strong presence in eastern India.

Price Band
₹77–₹82
Lot Size
1600 shares
Issue Size
₹34.99 Cr
GMP
+₹1.5
Est. Listing
+1.8%
Subscription
2.70×
Open Date
05 Oct
Close Date
07 Oct
Allotment
08 Oct
Listing Date
12 Oct
Min Investment
₹1,31,200

Overview

About the Company

Incorporated in March 2010, R.K. Fashion Accessories Limited manufactures and distributes imitation jewellery through contract manufacturers while also trading in branded cosmetics. The company offers handcrafted jewellery that combines traditional designs with contemporary styles, serving both wholesale B2B and direct B2C customers. It employs a multi-platform e-commerce strategy and maintains corporate tie-ups to expand its market reach. The company has acquired property on Rash Behari Avenue in Kolkata for developing additional retail presence. Quality control is maintained through multi-stage inspection processes. The workforce includes 50 permanent employees as of June 30, 2026, supplemented by contractual labor for peak demand periods. Operations span sales, marketing, design, quality control, and human resources functions.

Company Details

Founded
2010
Headquarters
Kolkata, West Bengal
Industry
Gems, Jewellery and Watches
Employees
50
Promoter
Md. Qasim, Mohammed Usman, Mohammed Imran, Md. Aurangzeb
Issue Type
Fresh Issue

📋 Objects of Issue (Use of Proceeds)

  • › Meet working capital requirements - ₹5.21 crores
  • › Establish new plating facility at Baruipur, Kolkata - ₹8.80 crores
  • › Finance proposed new B2B showroom in Kolkata - ₹5.37 crores
  • › Complete B2C store interiors and furnishings in Kolkata - ₹2.48 crores
  • › Fund inventory costs for new showroom and stores - ₹5.60 crores
  • › General corporate purposes - ₹7.53 crores

✅ Strengths

  • ✓ Strategic corporate tie-ups with established partners
  • ✓ Growing direct-to-consumer and retail presence
  • ✓ Multi-platform e-commerce distribution strategy
  • ✓ Long-standing B2B customer relationships
  • ✓ Rigorous multi-stage quality inspection processes
  • ✓ Unique blend of traditional and contemporary jewellery designs
  • ✓ Diversified sales channels spanning wholesale, retail and online platforms
  • ✓ Investing in captive plating facility for better manufacturing control
  • ✓ Strong regional footprint with expansion into owned showrooms

⚠️ Risks

  • ! Complete dependence on third-party contract manufacturers for production
  • ! Revenue heavily concentrated in Eastern India, creating geographic risk
  • ! Fashion trends change rapidly, risking inventory obsolescence
  • ! High inventory levels and extended receivables periods strain working capital
  • ! No definitive agreements secured for proposed new showroom locations
  • ! Intense competition in the fragmented fashion jewellery market
  • ! Limited brand recognition outside core eastern India markets