
Riyaasat Lifestyle SME IPO
ListedBSE SMEOpens 18 June 2026Closes 22 June 2026
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…
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.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
18 Jun 2026
IPO Closes
22 Jun 2026
Allotment
23 Jun 2026
Listing
25 Jun 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 18 June 2026 |
| IPO Close Date | 22 June 2026 |
| Allotment Date | 23 June 2026 |
| Listing Date | 25 June 2026 |
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.
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 |
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
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Riyaasat Lifestyle SME IPO News & Updates
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Riyaasat Lifestyle SME IPO IPO Pages
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Riyaasat Lifestyle SME IPO Details
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Sources
We match Riyaasat Lifestyle SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Skyline Financial Services Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.