Riyaasat Lifestyle IPO - Company Analysis
Riyaasat Lifestyle IPO under the SME IPO category is a bookbuild issue of Rs. 30.77 Cr by Riyaasat Lifestyle Limited and provides ethnic clothing for both men and women. The brand has a line of Kurta, Payjama, Sherwani, Jodhpuri, Lehenga, and Gowns, all of which are made to be entertaining and stylish. For comfort and longevity, each piece is crafted from high-quality materials.
On October 23, 2021, the company opened its first EBO in Ahmedabad. In line with its mission and corporate objectives, EBOS increases brand awareness and provides a dependable, customized purchasing experience.
The company operates six EBOs across Gujarat and Maharashtra as of March 31, 2026. The stores range in size from 1,790 to 9419 square feet, reflecting its brand culture and offering a high-end shopping experience.
Riyaasat Lifestyle IPO Details
The Riyaasat Lifestyle IPO date of opening is 18 Jun 2026, its initial public offering will end on 22 Jun, IPO allotment on Jun 23 and refund initiation on Jun 24, 2026.
The Rs. 30.77 crore new SME IPO comprises a wholly fresh issue of 0.28 crore shares.
The Riyaasat Lifestyle IPO listing date (expected) might be Thursday, Jun 25, 2026, and listing at the BSE and SME.
The Riyaasat Lifestyle IPO price band is Rs. 102 to Rs. 108.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 18, 2026 |
|
IPO Closing Date |
Jun 22, 2026 |
|
IPO Allotment Date |
Jun 23, 2026 |
|
Refund Initiation |
Jun 24, 2026 |
|
IPO Listing Date |
Jun 25, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
33.91 |
17.75 |
8.79 |
|
Total Income |
25.19 |
23.34 |
20.94 |
|
Profit After Tax |
4.87 |
4.08 |
1.32 |
|
EBITDA |
6.25 |
5.14 |
1.70 |
|
Net Worth |
13.10 |
6.23 |
2.15 |
|
Reserves and Surplus |
5.21 |
5.48 |
1.40 |
|
Total Borrowing |
8.87 |
4.74 |
1.02 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
149.42 |
(272.76) |
(112.39) |
|
Net Cash Flow Investing Activities |
(650.16) |
(41.16) |
(39.27) |
|
Net Cash Flow Financing Activities |
534.64 |
307.35 |
150.13 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Capital expenditure towards setting up 4 new Stores (“Showrooms”). ~ Rs. 12.47 Cr.
- Working Capital requirements. ~ Rs. 9.50 Cr.
Listed Peers of Riyaasat Lifestyle Ltd.
|
Name of Company |
Face Value (Rs. ) |
PE Ratio (x) |
|
Bizotic Commercial Limited |
10.00 |
213.39 |
|
Vedant Fashions Limited |
1.00 |
28.01 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
RoE |
50.34% |
|
ROCE |
37.09% |
|
Debt/Equity |
0.68 |
|
RoNW |
37.15% |
|
PAT Margin |
19.62% |
|
EBITDA Margin |
25.18% |
|
Price to Book Value |
6.51 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 6.17 from the last year, the resulting P/E ratio is 17.50x.
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IPO's Strengths
- 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.
IPO's Weaknesses
- Geographic Concentration
- Cash Flow Constraints
- Short Track Record.
Riyaasat Lifestyle IPO GMP (Grey Market Premium)
Riyaasat Lifestyle IPO GMP today has not started yet, as of 16 June 2026, while writing this information.
Riyaasat Lifestyle IPO Summary
|
IPO Opening & Closing Date |
18 Jun, 2026 to 22 Jun, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 102 to Rs. 108 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
28,48,800 Shares (Rs. 31 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
27,02,400 Shares (Rs. 29 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Skyline Financial Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,59,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,88,800.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Riyaasat Lifestyle IPO Allotment Status
To check the Riyaasat Lifestyle IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Riyaasat Lifestyle Ltd.
- Gaurang Ramanbhai Galiya
- Ramanbhai Nanubhai Galiya
- Sobhanaben R Galiya.
|
Pre-Issue Promoter Shareholding |
99.87% |
|
Post-Issue Promoter Shareholding |
73.4% |
IPO Lead Managers
- Mark Corporate Advisors Pvt. Ltd.
Dividend Policy
The company has no formal dividend policy.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the Company, Click Here to Download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
Conclusion
Riyaasat Lifestyle IPO gives investors an opportunity to look at a growing ethnic wear brand with expanding showroom presence and strong profitability ratios. The company has shown steady revenue, PAT growth, and healthy margins, but geographic concentration, cash flow pressure, and short operating history remain key risks.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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