Riyaasat Lifestyle Limited is engaged in the business of ethnic wear and lifestyle apparel for men and women, offering a premium collection of products such as Kurta, Payjama, Sherwani, Jodhpuri, Lehanga, and Gown, designed with a focus on fashion, comfort, and durability.
The company launched its first Exclusive Brand Outlet (EBO) in Ahmedabad in October 2021 and has steadily expanded its retail presence. As of March 31, 2026, it operates 6 EBOs across Gujarat and Maharashtra, with store sizes ranging from 1,790 sq. ft. to 9,419 sq. ft., strengthening brand visibility and customer experience.
Apart from offline retail stores, the company also sells products through its own website riyaasat.in and online marketplaces including Pernia’s Pop-Up, helping expand its digital reach.
As of January 31, 2026, the company had around 177 employees, including skilled, semi-skilled, and unskilled workforce supporting various business operations.
Riyaasat Lifestyle IPO – Details
| IPO Opening Date | 18 June 2026 |
| IPO Closing Date | 22 June 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 28,48,800 Shares Worth ₹30.77 Crore Fresh Issue: 28,48,800 Shares Worth ₹30.77 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹102 – ₹108 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| QIB Shares Offered | 5.06% |
| NII Shares Offered | 35.70% |
| Retail Shares Offered | 59.24% |
Riyaasat Lifestyle IPO – Date Schedule
| IPO Open Date | 18 June 2026 |
| IPO Close Date | 22 June 2026 |
| Basis of Allotment | 23 June 2026 |
| Initiation of Refund | 24 June 2026 |
| Credit of Shares to Demat | 24 June 2026 |
| IPO Listing Date | 25 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 22, 2026 |
Riyaasat Lifestyle IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2400 | ₹2,59,200 |
| Retail (Max) | 2 | 2400 | ₹2,59,200 |
| S-HNI (Min) | 3 | 3600 | ₹3,88,800 |
| S-HNI (Max) | 7 | 8400 | ₹9,07,200 |
| B-HNI (Min) | 8 | 9600 | ₹10,36,800 |
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.
Company Promoters
- Gaurang Ramanbhai Galiya
- Ramanbhai Nanubhai Galiya
- Sobhanaben R Galiya
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹20.94 Cr | ₹19.30 Cr | ₹1.32 Cr | ₹1.02 Cr |
| 31 March 2024 | ₹23.34 Cr | ₹18.29 Cr | ₹4.08 Cr | ₹4.74 Cr |
| 31 March 2025 | ₹25.19 Cr | ₹19.31 Cr | ₹4.87 Cr | ₹8.87 Cr |
| 31 January 2026 | ₹28.13 Cr | ₹22.98 Cr | ₹4.29 Cr | ₹38.97 Cr |
Key Performance Indicator
| KPI | Values (Jan 31, 2026) |
|---|---|
| ROE | 28.15% |
| ROCE | 17.34% |
| Debt/Equity | 2.24 |
| RoNW | 24.67% |
| PAT Margin | 15.40% |
| EBITDA Margin | 26.13% |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.16 | 4.79 |
| P/E (x) | 17.52 | 22.53 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital expenditure towards setting-up of 4 new Stores (“Showrooms”). | ₹12.47 |
| Working Capital requirements. | ₹9.50 |
| General Corporate Purpose. | – |
✅Strengths
- Strong brand in ethnic wear for men and women.
- 6 EBO stores across Gujarat and Maharashtra.
- Sales through offline stores + website + online marketplaces.
- Focus on premium fashion and wedding wear.
- Experienced promoters with growth strategy.
⚠️Risks
- Heavy dependence on retail store sales.
- Business concentrated in limited states.
- Faces intense competition from established brands.
- Demand depends on changing fashion trends.
- Lower consumer spending can impact sales.
Riyaasat Lifestyle IPO Promoter Holding
| Pre-Issue Share Holding | 99.87% |
| Post Issue Share Holding | 73.40% |
Riyaasat Lifestyle IPO Prospectus
Company Contact Information
| Riyaasat Lifestyle Limited 01/GF, ‘Time Square’ B/S. ‘Pariseema C.G. Road, Ahmedabad, Gujarat, 380009 Phone: +918866115025 Email: cs@riyaasat.in Website: https://riyaasat.in/ |
Riyaasat Lifestyle IPO Registrar
| Skyline Financial Services Pvt. Ltd. Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Riyaasat Lifestyle IPO Lead Manager(s)
| 1. Mark Corporate Advisors Pvt.Ltd. |
Riyaasat Lifestyle IPO FAQ
| What is the Riyaasat Lifestyle IPO? Riyaasat Lifestyle IPO is an SME IPO. The issue is priced at ₹102 – ₹108 per equity share. The IPO is to be listed on BSE SME. |
| When will Riyaasat Lifestyle IPO open? The IPO is to open on 18 June 2026 for QIB, NII and Retail Investors. |
| What is Riyaasat Lifestyle IPO Investors’ Portion? The investors’ portion for QIB – 5.06%, NII – 35.70%, and Retail – 59.24%. |
| What is the Riyaasat Lifestyle IPO Size? Riyaasat Lifestyle IPO size is ₹30.77 Crore. |
| What are the Riyaasat Lifestyle IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 2400 Shares for ₹2,59,200, while the maximum bid is 2400 Shares for ₹2,59,200. |
| What is the Riyaasat Lifestyle IPO Allotment Date? Riyaasat Lifestyle IPO allotment date is 23 June 2026. |
| What is the Riyaasat Lifestyle IPO Listing Date? Riyaasat Lifestyle IPO listing date is 25 June 2026. The IPO is to be listed on the BSE SME. |
