The Kolkata-based company RK Fashion Accessories achieved strong investor response on the final day of bidding, with the IPO oversubscribed 2.61 times on October 7. According to latest reports, investors placed bids for 1.11 crore equity shares over the three-day bidding period from October 5, against the offer size of 42.67 lakh shares, through 2,615 applications. The qualified institutional buyers (QIBs) led the subscription, bidding 14.11 times their allotted quota, with the segment receiving bids for 6.09 lakh shares through just two applications, against the reserved quota of 43,200 equity shares. The portions reserved for retail and non-institutional investors were subscribed 3.11 times and 1.9 times, respectively.
The company's financial performance has shown remarkable improvement, with profit after tax (PAT) increasing 215% to Rs 6.3 crore in FY26 from Rs 2 crore in FY25. Latest financial data shows that revenue also increased sharply to Rs 30.35 crore from Rs 17.8 crore during the same period. The IPO comprises a fresh issue of 42.67 lakh shares with no offer-for-sale component, totaling Rs 34.99 crore. The company plans to utilize the proceeds for working capital requirements (Rs 5.21 crore), establishing a new plating facility, B2B showroom, and B2C showroom interior and furnishing (Rs 22.25 crore), and inventory costs for proposed new showroom and stores. The remaining proceeds will be utilized for general corporate purposes, with the total amount proposed to be utilized standing at Rs 27.47 crore.
India's IPO calendar is set for a quieter week after a hectic September, with only one fresh issue opening for subscription even as the listing market remains crowded with nearly 29 companies scheduled to debut. According to reports from The Economic Times, the pause comes after companies raised about Rs 39,000 crore through IPOs in September, making it one of the busiest months for the primary market this year. The momentum had picked up sharply from August, after a muted first four months of FY27, as stronger listing gains and steady liquidity pulled investors back into new issues. The year 2026 has been quite active for the primary market, with more than Rs 1.21 lakh crore worth IPOs launched by 275 companies through September, of which 96 companies were from the mainboard segment that collectively mobilised nearly Rs 1.13 lakh crore.
A total of 21 companies are scheduled to make their debut in the SME segment next week, with Himalayan Solar and Bench Mark Infotech Services sharing on October 5 on the NSE Emerge platform, while Sai Urja Indo Ventures and Dudani Retail debut on the BSE SME platform. Acme Universal Safezone 9, Pind Hospitality, and Shivchem Agro are scheduled for October 6 on BSE SME, followed by Green Asia Impex and Papadmalji Agro Foods on NSE Emerge and Black Opal Consultants and Vans Electroengineerings on BSE SME on October 7. On October 8, Shree TNB Polymers, EverestIMS Technologies, Omara Ventures India, Dove Soft, SJP Ultrasonics, and Sollfege Smart Electronics will begin trading on BSE SME, while Eventions debuts on NSE Emerge. The final trading day, October 9, will see Acme India Industries, Paramount Syntex, and TNA Solutions make their debut on BSE SME platform.
The IPO share allotment is expected to be finalised by October 8, with participants likely to be able to start trading in shares on the NSE Emerge platform from October 12. Affinity Global Capital Market Pvt Ltd serves as the book-running lead manager, Cameo Corporate Services Ltd is the registrar, and Anant Securities is the market maker for the issue. The company, which is engaged in the manufacturing of imitation jewellery through contract manufacturers and wholesale distribution, as well as trading of branded cosmetics, is raising Rs 34.99 crore through the IPO with shares scheduled to list on the NSE SME platform on October 12, 2026.
