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Riyaasat Lifestyle IPO
Price Band
₹100.0–106.0
Issue Size
₹30.2 Cr
Lot Size
1,200 shares
Min Investment
₹254,400
2 LOTS MIN
GMP
—
Issue Price
₹106.0
Riyaasat Lifestyle IPO AI Summary
- Riyaasat Lifestyle IPO is listed on BSE SME in the Speciality Retail sector.
- Price band: ₹100.0–₹106.0 per share, lot size 1,200 shares (min. investment ₹254,400, 2 lots minimum).
- Subscription window: 18 Jun–22 Jun 2026, listing on 01 Jul 2026.
Riyaasat Lifestyle Limited is an emerging player in the ethnic wear market, with a focus on quality and customization. The company's IPO is set to open on June 18, 2026, with a price band of ₹100.0 to ₹106.0 and a minimum investment of ₹254,400.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
1.32x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
20.33x
|
20x ✓ |
| NII (HNI) |
0.09x
|
0.09x |
| ↳ bNII (>₹10L) |
0.05x
|
0.05x |
| ↳ sNII (<₹10L) |
0.16x
|
0.16x |
| Retail (RII) |
0.44x
|
0.44x |
| Total | 1.32x | 1.32x |
Auto-updated every 5 min · As of 25th Jun 2026 18:56
Riyaasat Lifestyle IPO Grey Market Premium (GMP) Today
GMP not available yet
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About the Company
Incorporated in October 2021, Riyaasat Lifestyle Limited offers ethnic wear for Men and Women. The brand offers a collection of Kurta, Payjama, Sherwani, Jodhpuri, Lehanga, Gown, each designed to embody fun and fashion. Every piece is made with fine materials for comfort and durability. The company launched its first EBO in Ahmedabad on October 23, 2021. EBOS boost brand visibility and deliver a consistent, personalized shopping experience, aligning with its vision and business goals. As of March 31, 2025, the company operates 5 EBOs in Gujarat, with stores ranging from 1,790 to 9419 sq. ft., reflecting its brand ethos and providing a premium retail experience. The company sells its products through its website, www.riyaasat.in and through online marketplaces including Pernia’s Pop-up. 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 Financials (₹ Cr)
As of 2026-01-31
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 76.15 | 33.91 | 17.75 | 8.79 |
| Total Income | 28.13 | 25.19 | 23.34 | 20.94 |
| Profit After Tax | 4.29 | 4.87 | 4.08 | 1.32 |
| EBITDA | 7.28 | 6.25 | 5.14 | 1.70 |
| NET Worth | 17.39 | 13.10 | 6.23 | 2.15 |
| Reserves and Surplus | 9.50 | 5.21 | 5.48 | 1.40 |
| Total Borrowing | 38.97 | 8.87 | 4.74 | 1.02 |
Key Ratios
EPS
₹6.16
NAV
₹16.59
ROE
50.34%
ROCE
37.09%
RoNW
37.15%
P/B Value
6.39
P/E Ratio
17.2
Market Cap
₹113.89 Cr
PAT Margin
19.62%
Debt/Equity
0.68
Promoters
Gaurang Ramanbhai Galiya, Ramanbhai Nanubhai Galiya and Sobhanaben R Galiya
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure towards setting up of 4 new Stores (Showrooms) 12.47 2 Working Capital Requirements 9.50 3 General Corporate Purposes 4.03 4 Issue Expenses 4.20 Total 30.20
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹20.94 Cr in the period ending 31 Mar 2023, rising to ₹23.34 Cr by 31 Mar 2024, and further increasing to ₹25.19 Cr by 31 Mar 2025. Most recently, total income reached ₹28.13 Cr by 31 Jan 2026. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit After Tax (PAT) was ₹1.32 Cr in the period ending 31 Mar 2023, increasing to ₹4.08 Cr by 31 Mar 2024. It further rose to ₹4.87 Cr by 31 Mar 2025, and most recently, it reached ₹4.29 Cr by 31 Jan 2026. Although the latest figure is lower than the previous full year, it is important to note that this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
The company's earnings per share (EPS) is ₹6.16, leading to an implied P/E ratio of 17.2 at the issue price. Without peer comparison data, we cannot determine how this compares to the market.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand and supply in this unofficial market. A positive GMP suggests strong demand for the shares, while a negative or zero GMP may indicate weak demand.
Subscription Demand
As of June 25, 2026, the IPO was subscribed 1.32 times overall. The subscription breakdown shows strong interest from institutional investors, with the Qualified Institutional Buyers (QIB) segment subscribed 20.33 times, while the Retail Individual Investors (RII) segment was subscribed 0.44 times. Other categories, such as Non-Institutional Investors (NII), showed lower subscription rates.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions. It's important to consider the company's growth potential and financial health.
Who May Want to Wait
Investors who prefer stable, established companies with a consistent track record may want to avoid this IPO, as it operates in a competitive retail sector and is relatively new.
IPO Timeline, Explained
The IPO opens for subscription on June 18, 2026, and closes on June 22, 2026. Allotment of shares is expected to be finalized by June 29, 2026, with the listing date set for July 1, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day, compared to the issue price. While some IPOs experience significant listing gains, others may not. Investors should be aware that market conditions can affect listing performance, and there are risks involved in relying on short-term price movements.
This evaluation is generated from Riyaasat Lifestyle's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Riyaasat Lifestyle IPO?
The price band of Riyaasat Lifestyle IPO is ₹100.0–₹106.0 per share.
When does Riyaasat Lifestyle IPO open and close?
Riyaasat Lifestyle IPO opens on 18 June 2026 and closes on 22 June 2026.
When does Riyaasat Lifestyle IPO list on the stock exchange?
Riyaasat Lifestyle IPO listed on 01 July 2026 at ₹106.0.
What is the lot size for Riyaasat Lifestyle IPO?
The lot size for Riyaasat Lifestyle IPO is 1200 shares, requiring a minimum investment of ₹254,400 (2 lots).
What is the price band for the Riyaasat Lifestyle IPO?
The price band for the Riyaasat Lifestyle IPO is ₹100.0 to ₹106.0.
What is the lot size for this IPO?
The lot size for the Riyaasat Lifestyle IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required for the Riyaasat Lifestyle IPO is ₹254,400.
When is the listing date for the IPO?
The listing date for the Riyaasat Lifestyle IPO is July 1, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
18 Jun 2026
Close
22 Jun 2026
Allotment
29 Jun 2026
Listing
01 Jul 2026
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