R.K. Fashion Accessories Ltd. is opening its SME IPO for subscription today, October 5. The company has fixed the price band at Rs.77–82 per share and is looking to raise approximately Rs.34.99 crore through the issue. The IPO will remain open until October 7.
The company is entering the market during a relatively quieter week for fresh issues, with R.K. Fashion Accessories being the only new IPO opening during the week. The minimum application lot is 1,600 shares, requiring an investment of Rs.1.31 lakh at the upper price band.
