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R.K. Fashion Accessories opens Rs 34.99 cr NSE SME IPO on Oct 5 as AceVector, formerly Snapdeal, lists
Latest update, : R.K. Fashion Accessories lists on NSE SME at Rs 80, 2.44% below its Rs 82 IPO price
Our read
R.K. Fashion Accessories' Rs 34.99 cr NSE Emerge issue (Oct 5-7, listing Oct 12) shows that small accessories makers can tap public capital, so peers should watch how the fresh-issue money is deployed and what listed-company disclosure demands.
Watch
Day-one and day-two subscription multiples across retail, HNI and institutional categories before the Oct 7 close
The report,
R.K. Fashion Accessories opens its Rs 34.99 crore NSE SME IPO on October 5 at Rs 77-82 per share. AceVector, formerly Snapdeal, lists on October 5 after raising Rs 420 crore at 4.93 times subscription.
- R.K. Fashion Accessories fresh issue size
- Rs 34.99 crore
- R.K. Fashion Accessories price band
- Rs 77-82 per share
- AceVector IPO size
- Rs 420 crore
- AceVector IPO subscription
- 4.93 times
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What we verified
Checked against the other reports of this story.
- Not a single-source story: Moneycontrol reports the same development independently.
Why it matters to operators and investors
The Rs 77-82 band and 1,600-share lot (about Rs 1.31 lakh at the top end) make this a concentrated SME bet with a short Oct 5-7 window, and the 4.93x subscription on AceVector's Rs 420 crore IPO, listing the same day, is a near-term read on appetite for retail-linked issues.
What to watch next
- AceVector's Oct 5 opening price against its issue price, and its first-week trading
- R.K. Fashion Accessories' Oct 12 listing price relative to the Rs 82 upper band
- Whether the company announces an anchor book or any price-band revision
- Post-listing volume and price behaviour in the thin 42.67 lakh-share float
Updates
Each later report on this story, newest first. Earlier entries are never edited; a correction is a new entry.
R.K. Fashion Accessories lists on NSE SME at Rs 80, 2.44% below its Rs 82 IPO price
- Listing price: Rs 80
- Discount to IPO price: 2.44 percent
- IPO size: Rs 35-crore
- Overall subscription: 2.70 times
- Market value after listing: Rs 124.13 crore
Reported figures
From the report. Source details below
| R.K. Fashion Accessories lot size: | 1,600 shares |
|---|---|
| Minimum investment for one lot at upper band: | Rs 1.31 lakh |