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RK Fashion Accessories Makes Weak Debut on NSE SME at 3 Percent Discount
M
Moneycontrol•12-10-2026, 09:58
RK Fashion Accessories Makes Weak Debut on NSE SME at 3 Percent Discount
- •R.K. Fashion Accessories shares listed at Rs 80 on the NSE SME platform, marking a 2.44 percent discount against the IPO price of Rs 82.
- •The Rs 35-crore IPO was open from October 5 to October 7 and received an overall subscription of 2.70 times.
- •Qualified institutional buyers subscribed 14.11 times, while individual investors subscribed 3.11 times and non-institutional investors 1.77 times.
- •The company plans to use the IPO proceeds to fund expansion, including a new plating facility in Baruipur and showrooms in Kolkata.
- •Incorporated in March 2010, the company operates in the imitation jewellery business and trades branded cosmetics.
Key Questions Answered
RK Fashion Accessories shares made a weak debut on the NSE SME platform on October 12, listing at Rs 80 apiece, which was a 2.44 percent discount against their IPO price of Rs 82.
The initial public offering of RK Fashion Accessories was open for subscription from October 5 to October 7 and received an overall subscription of 2.70 times.
The company plans to use Rs 8.80 crore to set up a new plating facility in Baruipur, Kolkata, Rs 5.37 crore for a new B2B showroom, Rs 2.48 crore for B2C stores, and allocate funds for inventory and working capital requirements.
