NSE List Price : ₹80.00

Subscription

Category	Times
QIBs	14.11x
HNIs	1.91x
Retail	3.11x
Total : 2.75x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	3,200	₹262,400
Retail Maximum	2	3,200	₹262,400
S - HNI Minimum	3	4,800	₹393,600
S - HNI Maximum	7	11,200	₹918,400
B - HNI Minimum	8	11,200	₹1,049,600

About the Company

R.K. Fashion Accessories Limited, incorporated in 2010 and based in Kolkata, West Bengal, is engaged in the imitation jewellery and branded cosmetics business. The company operates under brands such as City Girl and Manikya.

Business Model: The company follows a predominantly B2B model, supported by contract manufacturing and skilled artisans. It sells through wholesale channels, shop-in-shop counters and e-commerce, while expanding its own B2C retail presence.

Products & Services

• 24-Carat Gold-Plated Copper Jewellery

• American Diamond Jewellery

• Imitation Jewellery

• Traditional & Contemporary Jewellery

• Branded Cosmetics

• Wholesale/B2B Distribution

• Shop-in-Shop Retail

• E-commerce Sales

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2025	₹17.82	₹15.02	₹23.25	₹16.88
2026	₹31.54	₹23.25	₹6.29	₹23.88
June 2026	₹7.49	₹5.02	₹1.83	₹28.32

Company Promoter

Md.Qasim

Mohammed Usman

Mohammed Imran

Md.Aurangzeb

Know before investing

• • Strengths

  Established Jewellery Business: The company has been operating since 2010 and has developed experience in imitation jewellery and related accessories.

  Skilled Artisans: The company works with skilled artisans and craftsmen, including workers experienced in traditional Bengali jewellery-making techniques. 

  Multiple Sales Channels: Revenue is generated through wholesale, shop-in-shop and e-commerce channels, reducing dependence on a single distribution channel.

  Large Shop-in-Shop Network: The company operates approximately 120 shop-in-shop counters with national retail chains. 

  Growing Online Business: The company processes more than 10,000 online orders per month, supporting its digital sales channel. 

  Strong Financial Growth: Revenue increased from 13.28 crore in FY24 to 30.36 crore in FY26, while PAT increased from 0.95 crore to 6.29 crore.

• • Risks

  Customer Concentration: The top five customers contributed 11.11% of FY26 sales, compared with 17.68% in FY25 and 20.07% in FY24.

  B2B Dependence: The business remains predominantly dependent on wholesale/B2B sales, making sales sensitive to orders from distributors and retail partners. 

  Imitation Jewellery Competition: The company operates in a highly competitive market where design, pricing, product quality and changing fashion trends can affect demand.

  Raw Material Price Risk: Changes in the prices of gold, copper, American Diamond and other jewellery inputs can affect margins.

  Expansion Execution Risk: The company plans to establish a new plating facility and expand B2B/B2C retail infrastructure. Delays or cost overruns could affect the expected benefits.

  Inventory Requirement: Expansion of showrooms and stores requires significant investment in jewellery inventory, increasing working-capital requirements.

  Geographical Concentration: The company has a strong presence in Kolkata/West Bengal, exposing it to regional concentration risk.

Objects of the Issue & Utilisation of proceeds

Working Capital: 1.81 crore for meeting working capital requirements.

New Plating Facility: 8.80 crore for establishing a new plating facility at Baruipur, Kolkata, West Bengal.

New B2B Showroom: 5.37 crore for establishing a proposed new B2B showroom in Kolkata.

B2C Stores: 2.48 crore for completion of B2C stores in Kolkata.

Inventory: 5.60 crore for inventory for the proposed new showroom and stores.

General Corporate Purposes: Remaining proceeds for general corporate purposes and offer-related expenses.

Company Address

R.K.Fashion Accessories Ltd.
Room No. A-201
2nd Floor, Bagree Market 71
B. R. B. Basu Road,
Kolkata, West Bengal, 700001
Phone: +91 8282052929
Email: cs@citygirljewellery.com
Website: https://citygirljewellery.co.in/

IPO Registrar

Cameo Corporate Services Ltd.
Phone: 044-28460390/28460391/28460392
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/