Riyaasat Lifestyle IPO
Bookbuilding IPO | ₹31.00 Cr | Listing at BSE SME
Closed
IPO Open
Thu, Jun 18, 2026
IPO Close
Mon, Jun 22, 2026
Price Band
₹102.00 to ₹108.00
Market Cap (Pre-IPO)
₹116.04 Cr
IPO Details
| IPO Date | Jun 18, 2026 to Jun 22, 2026 |
| Listing Date | Tentative: Jun 25, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹102.00 to ₹108.00 |
| Lot Size | 1200 Shares (Minimum: ₹129,600.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹31.00 Crores |
| Total Shares Offered | 2,848,800 shares |
| Fresh Issue | 2,702,400 shares |
| Offer For Sale | 2,848,800 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 1.01x |
| NII | 0.03x |
| Total | 0.13x |
Riyaasat Lifestyle IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,36,800 |
| Retail Shares Offered | 16,00,800 |
| NII Shares Offered | 9,64,800 |
Riyaasat Lifestyle IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹259,200 |
| Retail (Max) | 2 | 2,400 | ₹259,200 |
| S-HNI (Min) | 3 | 3,600 | ₹388,800 |
| S-HNI (Max) | 7 | 8,400 | ₹907,200 |
| B-HNI (Min) | 8 | 9,600 | ₹1,036,800 |
Riyaasat Lifestyle Financial Information (Restated Consolidated)
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 76.15 | 33.91 | 17.75 | 8.79 |
| Total Income | 28.13 | 25.19 | 23.34 | 20.94 |
| Profit After Tax | 4.29 | 4.87 | 4.08 | 1.32 |
| EBITDA | 7.28 | 6.25 | 5.14 | 1.70 |
| NET Worth | 17.39 | 13.10 | 6.23 | 2.15 |
| Reserves and Surplus | 9.50 | 5.21 | 5.48 | 1.40 |
| Total Borrowing | 38.97 | 8.87 | 4.74 | 1.02 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 50.34% |
| ROCE (Return on Capital Employed) | 37.09% |
| Debt/Equity | 0.68 |
| RoNW (Return on Net Worth) | 37.15% |
| PAT Margin (Profit After Tax Margin) | 19.62% |
| EBITDA Margin | 25.18% |
| Price to Book Value | 6.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.16 | 4.79 |
| P/E (x) | 17.52 | 22.53 |
| Promoter Holding | 99.87% | 73.40% |
Company Promoters
- Gaurang Ramanbhai Galiya
- Ramanbhai Nanubhai Galiya and Sobhanaben R Galiya.
Company Overview
Riyaasat Lifestyle Limited – Company Overview
- Incorporated in October 2021, Riyaasat Lifestyle Limited is engaged in the designing, marketing, and retailing of ethnic wear for men and women.
- The company offers a wide range of ethnic apparel, including Kurta, Payjama, Sherwani, Jodhpuri, Lehanga, and Gown, focusing on style, comfort, and premium-quality fabrics.
- The company launched its first Exclusive Brand Outlet (EBO) in Ahmedabad on October 23, 2021, and has since expanded its retail presence across western India.
- As of March 31, 2026, the company operated 6 Exclusive Brand Outlets (EBOs) across Gujarat and Maharashtra, with store sizes ranging from 1,790 sq. ft. to 9,419 sq. ft.
- The company follows an omnichannel retail model, selling products through its own website and online marketplaces.
- Its products are available through www.riyaasat.in and leading fashion platforms, including Pernia’s Pop-Up Shop.
- Riyaasat focuses on delivering a premium shopping experience through its branded stores while strengthening customer engagement through digital channels.
- As of January 31, 2026, the company had approximately 177 employees, including skilled, semi-skilled, and unskilled staff across various functions.
Company Strengths
- Customization enables customers to personalize their clothing to suit their preferences.
- Timeless Tradition, Ever-Evolving Style.
- Quality Style at an Affordable Price.
- Inspiring and Seamless Shopping Experience.
- Prominent Reputation for Exquisite Men's Ethnic Wear.
- Strategic Locations and Well-Equipped Workshop.
- Commitment to Quality.
Use of Proceeds
| 1) | Capital expenditure towards setting-up of 4 new Stores (“Showrooms”) | 12.47 |
| 2) | Working Capital requirements | 9.50 |
| 3) | General Corporate Purpose |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Riyaasat Lifestyle IPO Peer Comparison
Riyaasat Lifestyle peer comparison with similar listed entities. (As on March 28, 2024)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Riyaasat Lifestyle Limited | - | - | 8.11 | - | 65.52 | - | - |
| Bizotic Commercial Ltd | - | - | 68.10 | 26.46 | 5.63 | - | - |
| Vedant Fashions Limited | - | - | 65.77 | 45.36 | 25.96 | - | - |
Quick Info
| Sector | Textile, Apparel, and Fashion Retail |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹116.04 Cr |
Important Dates
| IPO Open | Jun 18, 2026 |
| IPO Close | Jun 22, 2026 |
| Allotment Date | Jun 23, 2026 |
| Credit to Demat | Jun 24, 2026 |
| Listing Date | Tentative: Jun 25, 2026 |
Lead Manager(s)
Mark Corporate Advisors Pvt.Ltd.
Registrar
Skyline Financial Services Pvt.Ltd.
02228511022
Description
- IPO Type: Book build issue aggregating to ₹30.77 crores.
- Issue Structure: Entirely a fresh issue of 0.28 crore shares totaling ₹30.77 crores.
- IPO Dates: The issue opened on June 18, 2026 and closes on June 22, 2026.
- Allotment Date: The allotment is expected to be finalized on June 23, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on June 25, 2026.
- Retail Investment Requirement: Minimum 2 lots (2,400 shares) amounting to approximately ₹2,59,200 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (3,600 shares) totaling around ₹3,88,800.
- Issue Price Band: ₹102 to ₹108 per equity share.
- Lot Size: 1,200 shares per lot.
This IPO offers investors an opportunity to participate in the lifestyle and consumer products sector through a fresh issue of shares.