Riyaasat Lifestyle SME: Check IPO Date, Live Subscription and Key Details
Riyaasat Lifestyle Limited, incorporated in October 2021, is an apparel retail enterprise specializing in premium traditional and contemporary ethnic wear for men and women. The company's curated product catalog features designer kurtas, pajamas, sherwanis, Jodhpuris, lehengas, and gowns. Riyaasat operates through an omnichannel model combining direct consumer e-retail via its proprietary storefront and niche marketplaces (such as Pernia’s Pop-up) with a growing footprint of Exclusive Brand Outlets (EBOs) across Gujarat and Maharashtra.
Price Range
₹102.0 - ₹108.0
Issue Size
₹30.77 Cr
Lot Size
1,200 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹108
Estimate Profit
-
Retail Portion
59.24%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
4.79
P/E Ratio
22.53
RoNW
24.67%
ROE
28.15%
Debt to Equity
2.24
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Timeline
IPO Opens
18 Jun
IPO Closes
22 Jun
Allotment
23 Jun
Listing
25 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 18 June 2026 | Subscription starts |
| IPO Close Date | 22 June 2026 | Subscription ends |
| Allotment Date | 23 June 2026 | Allotment |
| Listing Date | 25 June 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,59,200 |
SHNI (Min) | 3 | ₹3,88,800 |
SHNI (Max) | 7 | ₹9,07,200 |
BHNIAbove ₹10,00,000 | 8 | ₹10,36,800 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 5.06% |
| NII (Non-Institutional Investor) | 35.70% |
| SHNI (Small Non-Institutional Investor) | 11.29% |
| BHNI (Big Non-Institutional Investor) | 22.58% |
| Retail | 59.24% |
| Market Maker | 5.14% |
| Total | 100.00% |
IPO Objectives
- Capital expenditure towards setting up 4 new structural Exclusive Brand Outlets (Showrooms) (₹12.47 Cr).
- Funding ongoing long-term working capital requirements of the Company (₹9.50 Cr).
- General Corporate Purpose.
Strengths
- The company builds a Premium Traditional Brand Equity, establishing a recognized regional reputation specializing in tailored, high-margin traditional men's ethnic couture and celebration wear.
- It implements an Omnichannel Distribution Model, successfully balancing brick-and-mortar experiential scaling via Exclusive Brand Outlets (EBOs) with digital pipelines across its native web storefront and boutique platforms.
- The business focuses on Strategic Capital Deployment, allocating over 40% of its public capital proceeds directly into pure asset replication by establishing 4 new optimized brick-and-mortar showrooms in high-growth metro zones.
- It maintains a Centralized Tailoring Infrastructure, coordinating design execution and fabric scaling from its integrated design workshop to enforce rigorous quality control parameters.
Weaknesses
- The firm struggles with an Aggressive Financial Leverage Stack, carrying substantial balance sheet pressure with total outstanding borrowings climbing sharply to ₹38.97 Crores, translating into an alarming debt-to-equity layer of 2.24.
- It shows Muted Revenue Acceleration Curves, as restated 10-month total revenues of ₹28.13 Cr indicate clear near-term plateauing patterns when annualized against baseline historical fiscal years.
- The issue faces a Highly Restrained Market Appetite, tracking extremely thin institutional and retail demand layers during active subscription hours and capturing an overall bidding rate of just 0.08x by Day 2.
- It is met with a Cold Unofficial Gray Sentiment, where grey market premium (GMP) quotes remain entirely flat at ₹0, highlighting minimal immediate speculative or defensive demand from market traders.
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Financial Performance
| Period Ended | 31 Jan 2026 (10M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 76.15 | 33.91 | 17.75 | 8.79 |
| Revenue (₹ Cr.) | 28.13 | 25.19 | 23.34 | 20.94 |
| PAT (₹ Cr.) | 4.29 | 4.87 | 4.08 | 1.32 |
| Net Worth (₹ Cr.) | 17.39 | 13.1 | 6.23 | 2.15 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Riyaasat Lifestyle Limited | 6.51 | 22.53 | 28.15% | 17.39 |
| Vedant Fashions Limited | 5.11 | 26.71 | 19.12% | 1,786.12 |
| Bizotic Commercial Ltd | 5.66 | 38.93 | 15.48% | 58.22 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.01x | 1.01x | 1.01x |
| NII | 0.16x | 0x | 0.03x |
| S-HNI | 0.01x | 0.01x | 0.08x |
| B-HNI | 0.23x | 0x | 0x |
| RII | 0.01x | 0.04x | 0.12x |
| Total | 0.12x | 0.08x | 0.13x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,36,800 | 1,38,000 | 1.49 |
| NII | 9,64,800 | 26,400 | 0.29 |
| Small NII | 3,21,600 | 26,400 | 0.29 |
| Big NII | 6,43,200 | 0 | 0 |
| RII | 16,00,800 | 1,99,200 | 2.15 |
| Total | 27,02,400 | 3,63,600 | 3.93 |
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Company Details
- Riyaasat Lifestyle Ltd.
- 01/GF, 'Time Square', B/S. 'Pariseema', C.G. Road, Ahmedabad, Gujarat, 380009
- +91 8866115025
- cs@riyaasat.in
- https://www.riyaasat.in/
Registrar Details
- Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/
Frequently Asked Questions
What does Riyaasat Lifestyle do?
Riyaasat Lifestyle is a fashion and apparel company that designs, manufactures, and sells ethnic wear and designer clothing through retail stores and online channels.
What are the IPO dates for Riyaasat Lifestyle SME IPO?
The Riyaasat Lifestyle SME IPO opened for subscription on June 18, 2026, and will close on June 22, 2026.
What is the price band and minimum investment for Riyaasat Lifestyle IPO?
The IPO price band is fixed at ₹102 to ₹108 per share. Retail investors need to apply for a minimum of 2 lots (2,400 shares), requiring an investment of ₹2,59,200 at the upper price band.
What is the Grey Market Premium (GMP) of Riyaasat Lifestyle IPO today?
As of June 21, 2026, the Grey Market Premium (GMP) of Riyaasat Lifestyle IPO is ₹0, indicating an expected listing price near ₹108 per share.
Where will Riyaasat Lifestyle IPO be listed?
Riyaasat Lifestyle IPO is proposed to be listed on BSE SME, with the tentative listing date set for June 25, 2026.
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