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R K Fashion Accessories IPO Subscribed 2.61 Times On Final Day
M
Moneycontrol•07-10-2026, 19:42
R K Fashion Accessories IPO Subscribed 2.61 Times On Final Day
- •The initial public offering of R K Fashion Accessories was subscribed 2.61 times on the final day of bidding, receiving bids for 1.11 crore shares against the 42.67 lakh shares on offer.
- •Qualified institutional buyers led the demand by subscribing 14.11 times their allotted quota, while retail and non-institutional investors saw 3.11 times and 1.9 times subscription respectively.
- •The company is raising Rs 34.99 crore through a fresh issue of shares priced at Rs 77 to Rs 82 each, with the listing expected on the NSE Emerge platform on October 12.
- •Proceeds from the IPO will be utilized for working capital requirements, establishing a new plating facility, new showrooms, and general corporate purposes.
- •For the fiscal year ended March 2026, the company reported a significant jump in net profit to Rs 6.3 crore and revenue to Rs 30.35 crore.
Key Questions Answered
The initial public offering of R K Fashion Accessories was subscribed 2.61 times on the final day of bidding on October 7, 2026. Investors placed bids for 1.11 crore equity shares against an offer size of 42.67 lakh shares.
The share allotment for the R K Fashion Accessories IPO is expected to be finalised by October 8, 2026. The company's shares are likely to begin trading on the NSE Emerge platform starting October 12, 2026.
The company is raising Rs 34.99 crore through a fresh issue of shares. Of these proceeds, Rs 5.21 crore will meet working capital needs, Rs 22.25 crore will fund a new plating facility, showrooms, and inventory, with the remainder allocated for corporate purposes and expenses.
