R.K. Fashion Accessories IPO
R.K. Fashion Accessories LtdSME
This IPO has listed.
- Open date
- 5 Oct 2026
- Close date
- 7 Oct 2026
- Min. Investment
- ₹2,62,400
- Lot Size
- -
- Fresh Issue
- ₹34.99 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers14.11x
- Non-Institutional Investors1.68x
- Retail-Individual Investors3.11x
- Total2.61x
Schedule
- Completed: IPO open date5 Oct 2026
- Completed: IPO close date7 Oct 2026
- Completed: Allotment date8 Oct 2026
- Completed: Funds unblock or debit9 Oct 2026
- Completed: Tentative listing date12 Oct 2026
About
Promoter shareholding in R.K. Fashion Accessories Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Qasim | 44,40,196 | 39.46% | 44,40,196 | 28.62% |
| Mohammed Usman | 67,63,076 | 60.11% | 67,63,076 | 43.59% |
| Mohammed Imran | 1,700 | 0.02% | 1,700 | 0.01% |
| Aurangzeb | 1,700 | 0.02% | 1,700 | 0.01% |
| Shaistah Usman | 1,700 | 0.02% | 1,700 | 0.01% |
| Afreen Imra | 1,700 | 0.02% | 1,700 | 0.01% |
| Farah Aurangzeb | 1,700 | 0.02% | 1,700 | 0.01% |
R.K. Fashion Accessories IPO Strengths & Risks
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- Experienced Management Team and a motivated and efficient workforce.
- Risks Relating to the Business: Significant portion of the company's revenue has been generated from Eastern part of India, any loss of business from these states may adversely affect its revenues and profitability.
- Risks Relating to the Business: The company's business is substantially dependent on certain key customers, from whom the company derives a significant portion of its revenues. The loss of any significant customers may have a material and adverse effect on the company's business and results of operations.
- Risks Relating to the Business: The company's manufacturing relies on contract manufacturers who operates independently, which could introduce the company to potential risks stemming from any challenges or changes affecting their operations.
- Risks Relating to the Business: The Company operations requires significant amount of working capital for a continuing growth. The company's inability to meet its working capital requirements may adversely affect the company's results of operations.
- Risks Relating to the Business: The Company has negative cash flows from its operating activities, investing activities and financing activities majorly in the prior period, details of which are given below. Sustained negative cash flow could impact the company's growth and business.
- Risks Relating to the Business: The company is dependent on its suppliers for uninterrupted supply of Raw-Materials. Any shortfall in the supply of the company's raw materials, or an increase in its raw material costs and other input costs, may adversely affect the pricing and supply of the company's products with subsequently having an adverse effect on the business, results of operations and financial conditions of the company.
- Risks Relating to the Business: As a company involved in wholesale distribution, the company may faces credit risks if its retail partners fails to meet payment obligations. Delays or defaults in payments could affect the company's cash flow and financial stability.
- Risks Relating to the Business: The company's business is both manpower and machine intensive. The company's business may be adversely affected by strikes, work stoppages, increased wage demands by the company's employees, or any other kind of disputes with its employees, and if the company is unable to engages with new contractual workers at commercially attractive terms.
- Risks Relating to the Business: Fluctuations in the prices of key raw materials such as gold and copper may impact the Company's cost structure, as these metals are widely used in the manufacturing of artificial jewellery.
- Risks Relating to the Business: The Company has proposed to acquire a property for setting up a new showroom, however definitive agreements in relation to such acquisition have not yet been executed.
- Risks Relating to the Business: The Company does not operates on the basis of confirmed customer order books and manufactures products based on anticipated market demand.
- Risks Relating to the Business: Inferior quality of raw material sourced by the contract manufacturers can significantly affect the company's business.
- Risks Relating to the Business: Trade Receivables and Inventories forms a significant part of the company's current assets. Failures to manage its trade receivables could have an adverse effect on the company's sales, profitability, cash flow and liquidity.
- Risks Relating to the Business: The company's insurance coverage may not adequately protect it against all material hazards, which may adversely affect the company's business, results of operations and financial condition.
- Risks Relating to the Business: If the company is unable to continue to develop innovative, fashionable and popular designs, demand for the company's jewellery may decrease, adversely affecting its revenues and financial condition.
- Risks Relating to the Business: False or fraudulent returns in online sales may result in loss of inventory, increased logistics and processing costs, and operational inefficiencies.
- Risks Relating to the Business: The company has limited experience in the manufacturing of fashion jewellery and related products. Any challenges in managing manufacturing operations, quality control, procurement, or production processes may affect its business operations and financial performance.
- Risks Relating to the Business: The company operations may be adversely affected by unforeseen incidents such as fire or other accidents at markets, which could result in damage to inventory, disruption of business activities, and financial losses.
- Risks Relating to the Business: The company is dependent on e-commerce platforms for the sale and distribution of its products. Accordingly, any disruptions in these platforms, changes in their policies, increases in platform fees, or reduced visibility on these platforms could adversely affect the company's business, financial condition and results of operations.
- Risks Relating to the Business: The company's Declining Debtors Turnover Ratio and longer collection periods may lead to restricted cash flows and an increased dependence on working capital loans affecting its business operations, cash flows, and financial health also delays or defaults in customer payments could adversely affect the company's financial condition.
- Risks Relating to the Business: The Company's inventory turnover ratio has decreased significantly which may lead to stock pile up and may affect its overall profitability and results of operations.
- Risks Relating to the Business: The company has certain outstanding litigation against the company, an adverse outcome of which may adversely affect the company's business, reputation and results of operations.
- Risks Relating to the Business: The highly competitive nature of the jewellery industry, particularly due to the presence of numerous unorganized players, may result in pricing pressure, market share loss, and impact the company profitability.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: Shop-in-Shop (SIS) Model- Loss of some control, direct competition with the competitors, revenue is dependent on the footfall and performance of the retail partners.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters could also be lower than the Offer Price.
- Risks Relating to the Business: The company's Promoters, Directors, Key Managerial Personnel and Members of Senior Management are interested in the Company other than reimbursement of expenses or normal remuneration or benefits which may result in a conflict of interest with the company.
- Risks Relating to the Business: Any damage to the company's brand image or goodwill arising from quality issues, customer dissatisfaction, adverse publicity, or market perception could negatively impact customer trust, business relationships, and overall revenue generation.
- Risks Relating to the Business: The company is dependent on its promoters and senior management and other key personnel, and the loss of, or the company's inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Company may introduce new designs and product lines that may not achieve commercial success, which could adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: Industry information included in this Red Herring Prospectus (DRHP) has been derived from various websites. The reliability on the forecasts of the reports could be incorrect and would significantly impact the company operation.
- Risks Relating to the Business: The company's contingent liabilities as stated in its Restated Financial Statements could adversely affect the company's financial condition.
- Risks Relating to the Business: The company's business requires it to obtain and renew certain licenses and permits from government, regulatory authorities and the failures to obtain or renew them in a timely manner may adversely affect the company's business operations.
- Risks Relating to the Business: The company may be exposed to risks of fraud, theft, accidents and/or loss of products during transit, which could adversely impact its operations and financial performance.
- Risks Relating to the Business: If the company fails to cost-effectively turn existing customers into repeat customers or to acquire new customers, it will affect the company's business, financial condition and result of operations.
- Risks Relating to the Business: The company's business is subject to seasonal fluctuations in demand, which can result in periods of low sales and underutilization of production capacity.
- Risks Relating to the Business: The company's ability to introduce new designs and update its collections in line with evolving customer preferences is critical to the company's business success. If its fails to anticipate or respond effectively to changing trends, the company's business prospects, results of operations, and cash flows could be adversely affected.
- Risks Relating to the Business: The company faces competitive pressures from existing players and new entrants in the jewellery industry, which may adversely impact the company's business, financial condition, and results of operations.
- Risks Relating to the Business: The company's ability to retain customer confidence and maintain its reputation is critical to the company's business operations and future growth.
- Risks Relating to the Business: Delays or defaults in payments to vendors can lead to strained relationships and supply chain disruptions, ultimately affecting operational continuity and financial stability.
- Risks Relating to the Business: If the company is unable to accurately identify customer demand and maintain an optimal level of inventory, its business, results of operations and cash flows may be adversely affected.
- Risks Relating to the Business: The price of securities issued by the company in the past 12 months may be lower than the offer price.
- Risks Relating to the Business: The company could faces customer complaints or negative publicity about its customer service. This could materially and adversely affect the company's reputation, results of operations and financial condition.
- Risks Relating to the Business: The company's estimates and forward-looking statements may prove to be inaccurate, which could adversely affect investors perception and decision-making.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company's financing arrangements.
- Risks Relating to the Business: The Offer Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Offer and may not be a reliable indicator of the company's future performance.
- Risks Relating to the Business: Product returns and customer complaints arising from quality concerns, design variations, or delivery issues may lead to additional costs, strained customer relationships, and adverse impact on the company's reputation and revenues.
- Risks Relating to the Business: The company is dependent on third party transport providers and courier services for the delivery of its Jewellery Mountings and Finished products.
- Risks Relating to the Business: The Company is required to comply with applicable ESIC contribution requirements. Any delay or non-compliance may result in penalties or regulatory actions.
- Risks Relating to the Business: The company's business prospects and results of operations may be adversely affected if the company is unable to grow business in additional geographic regions.
- Risks Relating to the Business: The company does not hold any intellectual property protection in relation to its in-house designs and those can be copied by the company's competitors.
- Risks Relating to the Business: The company's business is operating under various laws which requires it to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and the company's inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: Significant failures or disruption of the company's information technology systems could adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: The company's future success depends on its ability to build and promote the company's brands and protect its reputation. Any failures in these areas may affect the company's growth prospects.
- Risks Relating to the Business: The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution.
- Risks Relating to the Business: NSE may not grant in- principle approval for listing of equity shares of the Company.
- Risks Relating to the Business: The company may not be successful in improving certain inadequacies in its information and reporting systems, which could adversely affect the company operations, internal controls, and financial reporting processes.
- Risks Relating to the Business: The manufacturing facilities or showrooms are dependent on uninterrupted supply of electricity, water, and fuel. Any disruption or shortage in such utilities may adversely affect production operations and financial performance.
- Risks Relating to the Business: The company may faces challenges in implementing its growth strategies, including broadening the company's product offerings, which may impact its competitive position and performance.
