Riyaasat Lifestyle IPO
Riyaasat Lifestyle IPO Details
-
Open Date
18 Jun 2026
-
Close Date
25 Jun 2026
- IPO Price Range
₹ 102 to ₹108
- IPO Size
₹ 30.77 Cr
Riyaasat Lifestyle IPO Timeline
Riyaasat Lifestyle IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 18-June-2026 | 1.01 | 0.16 | 0.01 | 0.12 |
| 19-June-2026 | 1.01 | 0.00 | 0.04 | 0.08 |
| 22-June-2026 | 1.01 | 0.03 | 0.12 | 0.13 |
| 23-June-2026 | 9.28 | 0.03 | 0.14 | 0.56 |
| 24-June-2026 | 11.35 | 0.03 | 0.18 | 0.69 |
| 25-June-2026 | 20.33 | 0.09 | 0.44 | 1.32 |
Last Updated: 03 July 2026 11:10 AM by 5paisa
Riyaasat Lifestyle Limited is an ethnic wear company that blends traditional craftsmanship with contemporary design across men's and women's collections. Its product portfolio includes Sherwani, Kurta Pyjama, Jodhpuri, Koti sets, Sarees, Lehengas and Gowns, with a focus on occasion wear for weddings, festivals and celebrations.
The company offers customisation across sizes, styles, designs and embroidery, enabling customers to personalise their clothing for specific requirements. It positions itself as a one-stop destination for family ethnic wear, including matching outfits for all members. Products are sold through six Exclusive Brand Outlets (EBOs) across Gujarat and Maharashtra, as well as through its website www.riyaasat.in and online marketplaces including Pernia's Pop-up.
The company sources raw materials, fabrics and finished materials from a network of suppliers, weavers and traders across multiple states. Its workshop facility in Ahmedabad is equipped with automated and semi-automated equipment.
Established in: 2021
Managing Director: Mr. Gaurang Ramanbhai Galiya
Peers:
Bizotic Commercial Limited
Vedant Fashions Limited
Riyaasat Lifestyle Objectives
1. Capital expenditure towards setting up 4 new Stores (Showrooms): ₹12.47 crore
2. Funding working capital requirements: ₹9.50 crore
3. Funds will support general corporate purposes
Riyaasat Lifestyle IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹30.77 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹30.77 Cr |
Riyaasat Lifestyle IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,44,800 |
| Retail (Max) | 2 | 2,400 | ₹2,59,200 |
| S - HNI (Min) | 3 | 3,600 | ₹3,88,800 |
| S - HNI (Max) | 7 | 8,400 | ₹9,07,200 |
| B - HNI (Min) | 8 | 9,600 | ₹10,36,800 |
Riyaasat Lifestyle IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 28.28 | 1,36,800 | 27,81,600 | 29.485 |
| Non-Institutional Buyers | 0.09 | 9,64,800 | 82,800 | 0.878 |
| BNII | 0.05 | 6,43,200 | 32,400 | 0.343 |
| SNII | 0.16 | 3,21,600 | 50,400 | 0.534 |
| Individual Investors (IND category bidding for 2 Lots) | 0.44 | 16,00,800 | 7,08,000 | 7.505 |
| Total** | 1.32 | 27,02,400 | 35,72,400 | 37.867 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 20.94 | 23.34 | 25.19 |
| EBITDA | 1.70 | 5.14 | 6.25 |
| PAT | 1.32 | 4.08 | 4.87 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 8.79 | 17.75 | 33.91 |
| Share Capital | 0.75 | 0.75 | 7.90 |
| Total Liabilities | 1.02 | 4.74 | 8.87 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | (1.12) | (2.73) | 1.49 |
| Net Cash Generated From / (used in) Investing Activities | (0.39) | (0.41) | (6.50) |
| Net Cash Generated From / (used in) Financing Activities | 1.50 | 3.07 | 5.35 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (0.02) | (0.07) | 0.34 |
Strengths
1. Diversified ethnic wear portfolio spanning Sherwani, Kurta Pyjama, Lehenga, Gown and other men's, women's and family wear categories
2. Customisation offering across sizes, styles, designs and embroidery provides a differentiated customer experience
3. Retail presence through 6 EBOs across Gujarat and Maharashtra, supported by online sales through own website and Pernia's Pop-up
4. Total income grew from ₹20.94 crore in FY23 to ₹25.19 crore in FY25, with PAT rising from ₹1.32 crore to ₹4.87 crore
Weaknesses
1. Operating cash flows were negative in FY23 and FY24, turning positive only in FY25
2. Total borrowings increased from ₹1.02 crore in FY23 to ₹8.87 crore in FY25
3. Retail presence remains concentrated in Gujarat and Maharashtra with limited pan-India reach
4. Inventory levels have grown significantly, increasing working capital requirements and carrying cost risk
Opportunities
1. Setting up 4 new showrooms from IPO proceeds will expand the company's retail footprint
2. Growing demand for branded ethnic wear across bridal, festive and occasion-based segments supports expansion
3. Customisation capabilities and family occasion wear positioning address evolving consumer preferences
4. Online marketplaces and own e-commerce platform provide incremental revenue channels
Threats
1. Intense competition from established ethnic wear brands and unorganised players could affect pricing and margins
2. Inventory-intensive nature of the business exposes the company to fashion obsolescence and working capital pressure
3. Delay in setting up new showrooms could affect expansion plans and capital deployment timelines
4. Changes in raw material costs or supplier availability could affect production quality and margins
1. Differentiated ethnic wear brand with customisation capabilities across sizes, styles, designs and embroidery
2. Diversified product portfolio spanning men's, women's and family ethnic wear across multiple occasion-wear categories
3. IPO proceeds will fund 4 new showrooms and working capital to support the next phase of growth
Riyaasat Lifestyle operates in the branded ethnic wear segment of India's apparel market. The company's products target weddings, festivals and celebrations, catering to demand for designer ethnic wear for men, women and families.
India's ethnic wear and organised apparel market is supported by rising disposable incomes, growing brand consciousness and demand for occasion wear. The trend towards designer collections and family coordination outfits is gaining traction across urban markets. Branded ethnic wear retailers with differentiated design capabilities, customisation offerings and a consistent retail experience are positioned to benefit from this growing market.
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FAQs
Riyaasat Lifestyle IPO opens on June 18, 2026 and closes on June 25, 2026.
The size of the Riyaasat Lifestyle IPO is ₹30.77 Cr.
The price band of Riyaasat Lifestyle IPO is fixed at ₹102 to ₹108 per share.
To apply for Riyaasat Lifestyle IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Riyaasat Lifestyle IPO
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The bid lot of Riyaasat Lifestyle IPO is 1,200 shares. The minimum application size is 2 lots, or 2,400 shares, requiring ₹2,59,200 at the upper price band.
The share allotment date of Riyaasat Lifestyle IPO is June 29, 2026.
The Riyaasat Lifestyle IPO will tentatively be listed on BSE SME on July 01, 2026.
Mark Corporate Advisors Private Limited is the book running lead manager for Riyaasat Lifestyle IPO.
Riyaasat Lifestyle IPO plans to utilise the raised capital from the IPO for:
1. Capital expenditure towards setting up 4 new Stores (Showrooms): ₹12.47 crore
2. Funding working capital requirements: ₹9.50 crore
3. General corporate purposes