Riyaasat Lifestyle Summary
The business function comprises the sale of ethnic wear for men and women using the brand name. This brand provides the range of Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, and Gown, which are all crafted in such a way that they are full of fun and fashion. Each of the items is constructed from the best quality materials. This company distributes its goods through its website (www.riyaasat.in) and also through various online marketplaces, which include Pernia’s Pop-up. The main mode of functioning of this company is by EBOS (Exclusive Brand Outlets), which help in enhancing brand awareness and providing a consistent and personal shopping experience, thus in line with the company’s vision and objectives.
In relation to the procedure used by the company in its operations, the firm conducts all processes either via its website or online marketplaces. The company opened its first EBO in Ahmedabad on 23 October 2021. By 31 March 2025, the firm will have 5 EBOs based in Gujarat, where store sizes range between 1,790 sq. ft. to 9,419 sq. ft., symbolizing its brand value and offering premium retail experience. No challenge will arise in ensuring that revenues come in regularly as the firm offers timeless tradition coupled with evolving style, quality style at an affordable cost, an amazing shopping experience, a renowned maker of exquisite men's ethnic wear, and quality workshops among others.
BSE SME book-built issue by Riyaasat Lifestyle Limited, wherein face value is ₹10 per share with the price band of ₹102.00–₹108.00 per share. Issue size of ₹30.77 Cr, out of which the new issue is of ₹29.19 Cr (fresh issue), and Market Maker portion is ₹1.58 Cr. Issue is bifurcated between QIBs, NII, and Retail Investors, and tentative listing of the stock will be on BSE SME on 25th June 2026.
Riyaasat Lifestyle IPO Details:
Riyaasat Lifestyle Limited Issue Management:
Mark Corporate Advisors Pvt.Ltd. acts as the book-running lead manager for Riyaasat Lifestyle BSE SME IPO, managing underwriting and compliance.
Riyaasat Lifestyle Limited IPO RTA (Registrar) Details:
Skyline Financial Services Pvt.Ltd. handles allotment, refunds, and demat credits - contact at 02228511022 or ipo@skylinerta.com.
Riyaasat Lifestyle Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the Skyline Financial Services Pvt.Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
Click Submit to view your allotment status.
Riyaasat Lifestyle IPO totals ₹30.77 Cr, comprising a fresh issue of ₹29.19 Cr and ₹1.58 Cr reserved for the market maker. The face value is ₹10 per share and the price band is ₹102.00–₹108.00 per share (book-built issue on BSE SME).
Riyaasat Lifestyle Limited IPO proceeds from the fresh issue will be deployed towards:
Riyaasat Lifestyle IPO offers 28,48,800 equity shares (total issue ₹30.77 Cr, net offer to public 27,02,400 shares after market-maker reservation).
The anchor bidding for Riyaasat Lifestyle Ltd. BSE SME IPO is scheduled one working day before the issue opens on 18th June 2026 (i.e., 17th June 2026), and anchor investors will be allotted shares from the QIB portion (within the overall QIB tranche, as per SME-IPO structure). As per the IPO reservation details, the QIB portion (including anchor) accounts for about 5.06% of the net issue size, with no anchor investor allocation specified (0 shares) and the remainder QIB (ex-anchor) getting 5.06% (1,36,800 shares). The NII (HNI) portion is 35.70% and the Retail portion is 59.24%.
Lock-in: The anchor allocation follows standard BSE SME IPO norms, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date. The issue is scheduled to list on 25th June 2026 on BSE SME.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. Mark Corporate Advisors Pvt. Ltd. is the Book Running Lead Manager (BRLM) to the issue, and the registrar for the IPO is Skyline Financial Services Pvt. Ltd.
The profit made by Riyaasat Lifestyle Limited is from the retailing of ethnic clothing, namely Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, and Gown for men and women. The profit for the firm is realized through the sale of ethnic clothes to consumers via its online platform www.riyaasat.in as well as other online marketplaces such as Pernia’s Pop-up through 5 EBOs located in Gujarat.
Considering the performance aspect from a financial perspective, the firm has seen growth, as can be witnessed from the increasing Total Income figures. These were ₹20.94 crore in FY23, ₹23.34 crore in FY24, ₹25.19 crore in FY25, and ₹28.13 crore (as of Jan 2026). Furthermore, the PAT figure of the firm was ₹1.32 crore in FY23, ₹4.08 crore in FY24, ₹4.87 crore in FY25, and ₹4.29 crore (as of Jan 2026). Coming to the EBITDA of the firm, it was ₹1.70 crore in FY23, ₹5.14 crore in FY24, ₹6.25 crore in FY25, and ₹7.28 crore (as of Jan 2026). However, one must consider the fact that the margins were on the better side with EBITDA and PAT margins at 26.13% and 15.40%, respectively (Jan 2026). The ROE and ROCE of the company were 28.15% and 17.34%, respectively (Jan 2026). Considering the net worth of the company, it was ₹2.15 crore in FY23, ₹6.23 crore in FY24, to ₹13.10 crore in FY25, and ₹17.39 crore (Jan 2026).
Action Links:
To apply for Riyaasat Lifestyle Limited IPO, open a demat account here
Riyaasat Lifestyle Limited IPO Subscription Status: Check live subscription here
Riyaasat Lifestyle Limited IPO GMP Update: Check latest grey market premium here
Riyaasat Lifestyle Key Highlights:
The business activities carried out by Riyaasat Lifestyle Limited include selling ethnic wear for men and women. It includes the manufacture and sale of Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, and Gown. The company uses premium quality raw materials. Riyaasat Lifestyle Limited is a retailer with a web presence (www.riyaasat.in), sales through other online platforms such as Pernia’s Pop-up, and five EBOs in Gujarat (as of March 31, 2025).
The strengths possessed by Riyaasat Lifestyle Limited are personalization, timelessness with ever-changing fashion trends, premium quality stylish clothes at a lower cost, shopping inspiration & convenience, good reputation for premium quality ethnic clothes for men, excellent location and workshop equipped with modern machinery, commitment towards quality, and Pan-India reach.
The firm has made financial performance by achieving Total Income of ₹20.94 crore in FY23, ₹23.34 crore in FY24, ₹25.19 crore in FY25, and ₹28.13 crore (Jan 2026). PAT rose from ₹1.32 crore in FY23 to ₹4.08 crore in FY24, to ₹4.87 crore in FY25, and ₹4.29 crore (Jan 2026). EBITDA rose from ₹1.70 crore in FY23 to ₹5.14 crore in FY24, to ₹6.25 crore in FY25, and ₹7.28 crore (Jan 2026). The ratios are 26.13% for EBITDA and 15.40% for PAT (Jan 2026). The levels are 28.15% for ROE and 17.34% for ROCE (Jan 2026). Net Worth shows a significant increase from ₹2.15 crore in FY23 to ₹6.23 crore in FY24, to ₹13.10 crore in FY25, and ₹17.39 crore (Jan 2026).
Riyaasat Lifestyle Risk Factors:
The risks of Riyaasat Lifestyle Limited IPO are mentioned below:
Dependence on Speciality Retail Sector: Dependence on customers of EBO products and orders through the online marketplace. Any decrease in demand for retail and delay in order may adversely affect revenue.
Price Volatility of Key Raw Materials: Dependence on materials as important raw materials for the manufacturing of ethnic wear. Any fluctuation in material prices may have a significant adverse impact on profitability.
Non-Conformity with Regulatory Norms: Retailing involves conformity to regulatory norms; any non-conformity poses risks.
Risk due to SME Listing of Business at BSE: Listing of the business on BSE SME with issue size of ₹30.77 Cr and market capitalization of ₹116.04 Cr exposes the business to the risk of liquidity.
High Leverage Position: Higher leverage position in ₹38.97 crore as compared to ₹8.87 crore in FY25, ₹4.74 crore in FY24, and ₹1.02 crore in FY23 in Jan 2026.
Promoters' Equity Risk Due to Post-IPO Dilution: Post IPO, promoters equity in the business will fall to 73.4% as opposed to existing 99.87%, due to post-IPO dilution.
Risks to Capex Execution: Proposed capex of ₹12.47 Cr for setting up 4 new stores (showrooms).
Working Capital Risk: The proposal to use ₹9.50 Cr for meeting working capital needs implies that working capital needs are quite substantial.
Customer Concentration Risk: Depending on customers from EBO and online marketplaces; late payments or cancellations could affect our sales.
Presence of Competition in Ethnic Wear Sector: The presence of competition in the ethnic wear industry could affect our market share.
Riyaasat Lifestyle Expert Analysis:
Riyaasat Lifestyle's SME IPO (BSE SME) is a book-built issue with a price band of ₹102.00–₹108.00 per share (face value ₹10). The total issue size is ₹30.77 Cr, comprising a fresh issue of ₹29.19 Cr and ₹1.58 Cr reserved for the market maker. The IPO is structured for QIB (5.06%), NII (35.70%), and Retail (59.24%) investors, with the tentative listing on BSE SME on 25th June 2026. GMP is ₹0 as of June 16, indicating 0.00% above issue price with an estimated listing price of ₹108.
Expert View on the IPO:
This specific firm deals with retailing of ethnic wear such as Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, and Gown for Men and Women using Website and Online marketplace channel. Their financial performance is also promising in terms of improvements in profitability (PAT of ₹4.29 Cr as on Jan 2026 as compared to ₹1.32 Cr in FY23 having a growth rate of around ~3.25x within 3 years). The stock of the firm has PE ratio of 17.52x pre-IPO and 22.53x post-IPO in addition to PB Valuation ratio of 6.51x. The return on equity (ROE) and return on capital employed (ROCE) stands at 28.15% and 17.34% (Jan 2026), respectively while PAT and EBITDA margins are 15.40% and 26.13%, respectively. However, there are some issues that this firm faces which include cyclicality of speciality retail & ethnic wear sector, regulatory compliances, debt of ₹38.97 Cr, liquidity problems with SME listing, promoters' dilution to the tune of 26.47% (from 99.87% to 73.4%) and capex execution risk for new stores (₹12.47 Cr).
Should you invest in Riyaasat Lifestyle?
A potential investor who is seeking out an SME board company offering products in the niche retail and ethnic wear sector with strong prospects in the same, relatively decent return on equity (ROE) and return on capital employed (ROCE) of 28.15% and 17.34% respectively, and having operations in the Indian retail and ethnic wear sector may find the IPO of Riyaasat Lifestyle worth considering, provided that he has the capacity to cope with certain risks.
Consider investing when:
Experience of marketing ethnic clothes for men and women such as Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, Gown targeting EBO consumers and also customers in online marketplaces having impressive ROE (28.15%) and remarkable PAT growth of around 3.25 times in 3 years is essential.
Absolutely there is no risk at all regarding the illiquidity of SME listed shares, volatile price of raw material (good quality materials for fabrics), adherence to quality standards, high debt (₹38.97 Crore) and excessive promoter equity dilution (26.47%).
Absolutely you can be certain about management deploying IPO proceeds in CAPEX for establishing four additional outlets/stores (₹12.47 Crore) and fulfilling working capital requirement (₹9.50 Crore).
Very good scope for future growth in view of rising demand for ethnic wear, seasonal purchases, and development in Indian retail and textile industries.
Do not invest when:
Firms belonging to the speciality retail and ethnic wear segments, which have been employing diversified raw materials hedging, have several manufacturing plants (5 EBOs) and relatively lesser debts, should be invested in.
In terms of risks, you would be concerned with liquidity risk with regard to SME stocks, raw material price risk (textile materials), regulatory risk, high borrowings (₹38.97 Crore), and promoter dilution risk.
The following are some of the factors related to business organizations which would suit your profile - promoter dilution (99.87% to 73.4% post-IPO), new store capital expenditure risk, and customer concentration risks (EBOs customers, online portals). These types of business organizations do not suit your profile.
Some of the business organizations which would suit you include those firms where valuation is low (P/E <17), or where the debt equity ratio is low or market positioning is strong.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Riyaasat Lifestyle Limited IPO, open a demat account here
Riyaasat Lifestyle Limited IPO Subscription Status: Check live subscription here
Riyaasat Lifestyle Limited IPO GMP Update: Check latest grey market premium here
1. What is the Riyaasat Lifestyle Limited IPO open and close date?
Riyaasat Lifestyle SME IPO opens on 18th June 2026 and closes on 22nd June 2026. The tentative listing date on BSE SME is 25th June 2026.
Track Riyaasat Lifestyle Limited IPO subscription status live here from Finnpick.
2. What is the Riyaasat Lifestyle Limited IPO price band and lot size?
The IPO is a book-built SME issue with a price band of ₹102.00–₹108.00 per share (face value ₹10). The minimum bid for retail investors is 2,400 shares (2 lots), with subsequent bids in multiples of 1,200 shares. Minimum investment is ₹2,59,200.
3. What is Riyaasat Lifestyle Limited IPO total size?
The total issue size is ₹30.77 Cr, comprising a fresh issue of ₹29.19 Cr and ₹1.58 Cr reserved for the market maker. The net offer to the public is 27,02,400 shares (1,36,800 to QIB, 9,64,800 to NII, 16,00,800 to Retail), after excluding 1,46,400 shares for Market Maker.
4. How to apply for the Riyaasat Lifestyle Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by June 15, 4 PM. Monitor Riyaasat Lifestyle Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Riyaasat Lifestyle Limited IPO Allotment Status?
The allotment date is on June 23rd and can be checked on Skyline Financial Services Private Ltd. RTA portal using PAN/DP ID.
6. What is Riyaasat Lifestyle Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 as of June 16, indicating listing at the price range of ₹108 - check daily updates of Riyaasat Lifestyle Limited IPO GMP trends here and live subscription status here from June 18th opening only on Finnpick.
7. What does Riyaasat Lifestyle Limited specialize in?
Riyaasat Lifestyle is engaged in retailing ethnic wear for Men and Women, offering a collection of Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, and Gown. Products are made with fine materials for comfort and durability. The company sells through its website (www.riyaasat.in) and online marketplaces including Pernia’s Pop-up, and operates 5 EBOs in Gujarat (as of March 31, 2025). The company offers customization enabling customers to personalize clothing.
8. When is the Riyaasat Lifestyle Limited IPO listing date?
The IPO is scheduled to list on BSE SME on 25th June 2026, subject to final confirmation from the exchange. Basis of allotment is tentatively on 23rd June 2026, with refunds and demat credits around 24th June 2026.
9. What are the Riyaasat Lifestyle Limited IPO proceeds utilization details?
The IPO proceeds will primarily be utilized towards: Capital expenditure for setting up 4 stores: ₹12.47 Cr, Working capital requirements: ₹9.50 Cr, General corporate purposes: ₹7.22 Cr
10. Who are the promoters of Riyaasat Lifestyle Limited?
The promoters of Riyaasat Lifestyle Ltd. are Gaurang Ramanbhai Galiya, Ramanbhai Nanubhai Galiya, and Sobhanaben R Galiya. Promoter holding is 99.87% pre-IPO and 73.4% post-IPO.
