Published: 16 June 2026 | 8.00 AM
Last Updated: 16 June 2026 | 8.00 PM
IPO Overview / Intro
Riyaasat Lifestyle IPO is an SME book building issue of Rs. 30.77 crore. The IPO comprises a fresh issue of 28,48,800 equity shares aggregating to Rs. 30.77 crore.
The IPO opens for subscription on 18 June 2026 and closes on 22 June 2026. The shares are proposed to be listed on BSE SME with a tentative listing date of 25 June 2026.
Riyaasat Lifestyle Ltd is an ethnic wear fashion brand catering to both men and women. The company offers a wide range of traditional and occasion wear products including Kurta, Payjama, Sherwani, Jodhpuri, Lehanga and Gown collections through its Exclusive Brand Outlets (EBOs), website and online marketplaces.
Key Highlights
| Particulars |
Details |
| IPO Type |
SME Book Building IPO |
| Issue Size |
Rs. 30.77 Crore |
| Fresh Issue |
28,48,800 Shares |
| Offer For Sale |
Nil |
| Price Band |
Rs. 102 to Rs. 108 Per Share |
| Face Value |
Rs. 10 Per Share |
| Listing Exchange |
BSE SME |
| Lot Size |
1,200 Shares |
| Retail Application |
Rs. 2,59,200 |
| Market Cap (Pre IPO) |
Rs. 116.04 Crore |
| Listing Date |
25 June 2026 |
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Riyaasat Lifestyle IPO GMP – Latest Update
| GMP Details |
Value |
| Riyaasat Lifestyle IPO GMP Today |
Updating Soon |
| Kostak Rate |
Updating Soon |
| Subject to Sauda |
Updating Soon |
Riyaasat Lifestyle IPO Subscription Status – Live Update
| Category |
Subscription |
| QIB Category |
Updating Soon |
| NII Category |
Updating Soon |
| Retail Category |
Updating Soon |
| Total Subscription |
Updating Soon |
IPO Details at a Glance
| Particulars |
Details |
| IPO Date |
18 June 2026 to 22 June 2026 |
| Listing Date |
25 June 2026 |
| Face Value |
Rs. 10 Per Share |
| Price Band |
Rs. 102 to Rs. 108 Per Share |
| Lot Size |
1,200 Shares |
| Issue Type |
Book Building SME IPO |
| Listing At |
BSE SME |
| Total Issue Size |
28,48,800 Shares |
| Issue Size |
Rs. 30.77 Crore |
| Fresh Issue |
28,48,800 Shares |
| Fresh Issue Amount |
Rs. 30.77 Crore |
| Offer For Sale |
Nil |
| Reserved For Market Maker |
1,46,400 Shares |
| Market Maker |
Nikunj Stock Brokers Ltd. |
| Net Offered To Public |
27,02,400 Shares |
| Shareholding Pre Issue |
78,95,678 Shares |
| Shareholding Post Issue |
1,07,44,478 Shares |
| Market Cap (Pre IPO) |
Rs. 116.04 Crore |
IPO Timetable
| Event |
Date |
| IPO Open Date |
18 June 2026 |
| IPO Close Date |
22 June 2026 |
| Basis of Allotment |
23 June 2026 |
| Refund Initiation |
24 June 2026 |
| Credit of Shares |
24 June 2026 |
| Listing Date |
25 June 2026 |
Reservation
| Investor Category |
Shares Offered |
% of Net Issue |
% of Total Issue |
| QIB Shares Offered |
1,36,800 |
5.06% |
4.80% |
| NII Shares Offered |
9,64,800 |
35.70% |
33.87% |
| Retail Shares Offered |
16,00,800 |
59.24% |
56.19% |
| Market Maker Reservation |
1,46,400 |
– |
5.14% |
| Total Shares Offered |
28,48,800 |
100.00% |
100.00% |
Lot Size
| Application Type |
Lots |
Shares |
Amount |
| Retail Minimum |
2 |
2,400 |
Rs. 2,59,200 |
| Retail Maximum |
2 |
2,400 |
Rs. 2,59,200 |
| S-HNI Minimum |
3 |
3,600 |
Rs. 3,88,800 |
| S-HNI Maximum |
7 |
8,400 |
Rs. 9,07,200 |
| B-HNI Minimum |
8 |
9,600 |
Rs. 10,36,800 |
Company Details
Riyaasat Lifestyle Ltd was incorporated in October 2021 and operates in the ethnic wear segment for men and women. The company offers a wide range of traditional apparel including Kurta, Payjama, Sherwani, Jodhpuri, Lehanga and Gown collections designed to blend traditional craftsmanship with contemporary fashion.
The company launched its first Exclusive Brand Outlet (EBO) in Ahmedabad in October 2021 and has expanded its retail footprint across Gujarat and Maharashtra. As of 31 March 2026, the company operated six EBOs with store sizes ranging from 1,790 sq. ft. to 9,419 sq. ft.
Apart from physical stores, the company sells products through its official website and leading online marketplaces. The omnichannel strategy enables wider customer reach and enhances brand visibility.
As of 31 January 2026, the company had approximately 177 employees across operations, retail, administration and support functions.
Competitive Strengths
| Key Strengths |
| Personalized Customization Capabilities |
| Strong Ethnic Wear Brand Positioning |
| Affordable Premium Fashion Offering |
| Seamless Shopping Experience |
| Reputation in Men’s Ethnic Wear Segment |
| Strategic Store Locations |
| Well Equipped Workshop Infrastructure |
| Strong Commitment to Product Quality |
IPO Objects
| Sr. No. |
Objects of the Issue |
Estimated Amount |
| 1 |
Capital Expenditure Towards Setting Up Four New Showrooms |
Rs. 12.47 Crore |
| 2 |
Working Capital Requirements |
Rs. 9.50 Crore |
| 3 |
General Corporate Purposes |
To Be Declared |
Company Address
| Particulars |
Details |
| Registered Office |
01/GF, Time Square, B/S Pariseema, C.G. Road, Ahmedabad, Gujarat – 380009 |
| Phone |
+91 8866115025 |
| Email |
cs@riyaasat.in |
Lead Manager & Registrar
| Particulars |
Details |
| Lead Manager |
Mark Corporate Advisors Pvt. Ltd. |
| Registrar |
Skyline Financial Services Pvt. Ltd. |
| Registrar Phone |
022-28511022 |
| Registrar Email |
ipo@skylinerta.com |
| Market Maker |
Nikunj Stock Brokers Ltd. |
Financials
| Particulars (Rs. Crore) |
31 Jan 2026 |
FY2025 |
FY2024 |
FY2023 |
| Total 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 & Surplus |
9.50 |
5.21 |
5.48 |
1.40 |
| Total Borrowings |
38.97 |
8.87 |
4.74 |
1.02 |
Valuation
Key Performance Indicators (KPI)
| KPI |
31 Jan 2026 |
FY2025 |
| ROE |
28.15% |
50.34% |
| ROCE |
17.34% |
37.09% |
| Debt / Equity |
2.24 |
0.68 |
| RoNW |
24.67% |
37.15% |
| PAT Margin |
15.40% |
19.62% |
| EBITDA Margin |
26.13% |
25.18% |
| Price To Book Value |
To Be Declared |
6.51 |
EPS & Valuation
| Particulars |
Pre IPO |
Post IPO |
| EPS (Rs.) |
6.16 |
4.79 |
| P/E (x) |
17.52 |
22.53 |
Shareholding Pattern
| Particulars |
Pre Issue |
Post Issue |
| Promoter Holding |
99.87% |
73.40% |
| Promoters |
| Gaurang Ramanbhai Galiya |
| Ramanbhai Nanubhai Galiya |
| Sobhanaben R. Galiya |
Chanakya View
Investment Summary
| Parameter |
Observation |
| Business Segment |
Ethnic Wear Retail |
| Industry Outlook |
Positive |
| Revenue Growth |
Steady |
| Profitability |
Consistent |
| Store Network |
6 EBOs |
| Expansion Plan |
4 New Showrooms |
| Retail Presence |
Gujarat & Maharashtra |
| Borrowings |
Elevated |
| Valuation |
Reasonable |
| Listing Platform |
BSE SME |
Positives
| Strengths |
| Established Ethnic Wear Brand |
| Consistent Profitability |
| Strong EBITDA Margin |
| Retail Expansion Strategy |
| Omnichannel Sales Presence |
| Growing Store Network |
| Attractive Return Ratios |
| Premium Customer Positioning |
Concerns
| Risks |
| High Debt Levels |
| SME Liquidity Risk |
| Regional Concentration |
| Fashion Trend Risk |
| Competitive Apparel Industry |
| Dependence On Consumer Spending |
| Small Operating History |
| Expansion Execution Risk |
Riyaasat Lifestyle operates in the growing ethnic wear segment where demand is driven by weddings, festivals and rising preference for premium traditional fashion. The company has built a recognizable brand through its Exclusive Brand Outlet strategy and digital sales channels.
Financial performance has remained healthy with steady revenue growth, strong EBITDA margins and consistent profitability. The proposed IPO proceeds will largely be used for showroom expansion and working capital requirements, which could support future growth.
Investors should note the relatively high debt levels and SME listing risks. However, the company’s profitable track record, strong return ratios and expansion-led growth strategy make it an interesting SME IPO candidate.
Considering its niche ethnic wear positioning, profitable operations and showroom expansion plans, Riyaasat Lifestyle IPO may attract investor interest, especially if subscription demand and GMP remain supportive.
FAQs
What is Riyaasat Lifestyle IPO GMP today?
Riyaasat Lifestyle IPO GMP is currently updating in the grey market. Investors should track live GMP movement before making an investment decision.
What is the Riyaasat Lifestyle IPO price band?
Riyaasat Lifestyle IPO price band has been fixed at Rs. 102 to Rs. 108 per share.
What is the Riyaasat Lifestyle IPO lot size?
Riyaasat Lifestyle IPO lot size is 1,200 shares. Retail investors are required to apply for a minimum of 2 lots comprising 2,400 shares.
When will Riyaasat Lifestyle IPO list?
Riyaasat Lifestyle IPO is scheduled to list on BSE SME on 25 June 2026
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