IPO details · Updated
Riyaasat Lifestyle Limited
- Price Band
- ₹100 – ₹106
- Lot Size
- 1,200 shares
- Min. Investment
- ₹1,27,200
- Issue Size
- ₹30.2 Cr
- Offer Dates
- 18 Jun – 25 Jun 2026
- Listing
- 1 Jul 2026
Issue Details
- Total Issue Size
- ₹30.2 Cr
- 28,48,800 shares
- Fresh Issue
- ₹30.2 Cr
- 28,48,800 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 78,95,678
- Shares Post-Issue
- 1,07,44,478
IPO Timeline
Offer opens
18 Jun 2026
Offer closes
25 Jun 2026
Allotment
29 Jun 2026
Listing
1 Jul 2026
Issue Allocation
Share of the offer reserved for each investor category
- QIB4.8%1,36,800 shares
- HNI33.9%9,64,800 shares
- Retail56.2%16,00,800 shares
- MarketMaker5.1%1,46,400 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 1,36,800 | 27,81,144 | 20.33x |
| NII | 9,64,800 | 86,832 | 0.09x |
| Retail | 16,00,800 | 7,04,352 | 0.44x |
| Total | 27,02,400 | 35,72,328 | 1.32x |
Lot Size & Investment
1 lot = 1,200 shares
Retail (min)
2 lots · 2,400 shares
Retail (max)
2 lots · 2,400 shares
S-HNI (min)
3 lots · 3,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 2,400 | ₹2,54,400 |
| Small HNI (S-HNI) | 3 | 3,600 | ₹3,81,600 |
| Big HNI (B-HNI) | 8 | 9,600 | ₹10,17,600 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Jan-26 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| 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 | 1.7 |
| Net Worth | 17.39 | 13.1 | 6.23 | 2.15 |
| Reserves & Surplus | 9.5 | 5.21 | 5.48 | 1.4 |
| Total Borrowing | 38.97 | 8.87 | 4.74 | 1.02 |
Key Performance Indicators
| Period | Jan-26 | Mar-25 |
|---|---|---|
| ROE (%) | 28.15 | 50.34 |
| ROCE (%) | 17.34 | 37.09 |
| EPS (₹) | — | 6.16 |
| P/E (pre-issue) | — | 17.2 |
| P/E (post-issue) | — | 22.12 |
Peer Comparison
Listed companies in the same business
| Company | P/E | ROE |
|---|---|---|
| Bizotic Commercial Ltd | 26.46 | 5.63% |
| Vedant Fashions Limited | 45.36 | 25.96% |
About Riyaasat Lifestyle Limited
Incorporated in October 2021, Riyaasat Lifestyle Limited offers ethnic wear for Men and Women. The brand offers a collection of Kurta, Payjama, Sherwani, Jodhpuri, Lehanga, Gown, each designed to embody fun and fashion. Every piece is made with fine materials for comfort and durability. The company launched its first EBO in Ahmedabad on October 23, 2021. EBOS boost brand visibility and deliver a consistent, personalized shopping experience, aligning with its vision and business goals. As of March 31, 2026, the company operates 6 EBOs across Gujarat and Maharashtra, with stores ranging from 1,790 to 9419 sq. ft., reflecting its brand ethos and providing a premium retail experience. The company sells its products through its website, www.riyaasat.in and through online marketplaces including Pernia’s Pop-up. As of January 31, 2026, The Company had a team of approximately 177 employees, including skilled, semi-skilled and unskilled staff, working in various roles and departments. Competitive Strength: 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.
Objects of the Issue
- Capital expenditure towards setting up of 4 new Stores (Showrooms) (₹12.47 Cr)
- Working Capital Requirements (₹9.50 Cr)
- General Corporate Purposes (₹4.03 Cr)
- Issue Expenses (₹4.20 Cr)
Promoters
- Gaurang Ramanbhai Galiya
- Ramanbhai Nanubhai Galiya
- Sobhanaben R Galiya
Company Information
- Book running lead managers
- Mark Corporate Advisors Pvt.Ltd.
- Registered office
- 01/GF, 'Time Square', B/S.'Pariseema, C.G.Road, Ahmedabad, Gujarat, 380009
- Market maker
- Nikunj Stock Brokers Ltd.
Official Documents
Opens the source filing in a new tab
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.