SME

IPO ·

BSE SME

Riyaasat Lifestyle Ltd

Listed

Incorporated in October 2021, Riyaasat Lifestyle Limited offers ethnic wear for Men and Women.

Issue details

Price band

₹100 – ₹106

Face value

₹10

Lot size

1,200 shares

Minimum investment

₹2,54,400

Issue size

₹30.20 Cr

Fresh issue

₹28.65 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

18 Jun 2026

Closes

25 Jun 2026

UPI mandate cut-off

5:00 PM on 25 Jun 2026

Allotment

29 Jun 2026

Refunds

30 Jun 2026

Shares in demat

30 Jun 2026

Listing

1 Jul 2026

Subscription and listing

Subscription

1.31x

Listing price

₹84.80

Registrar

Skyline Financial Services Pvt Ltd

Lead manager

Mark Corporate Advisors

Subscription by category

Total

1.31x

Total applications

325

Listing day

Issue price

₹106

Open

₹84.80

High

₹84.80

Low

₹80.60

Day close

₹80.60

Listing gain at open

-20.00%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

1,36,800

4.80%

NII Shares Offered

9,64,800

33.87%

bNII > ₹10L

6,43,200

22.58%

sNII < ₹10L

3,21,600

11.29%

Retail Shares Offered

16,00,800

56.19%

Market Maker Shares Offered

1,46,400

5.14%

Total Shares Offered

28,48,800

100.00%

Finaccle’s quick read

Neutral

FY25 income up 8%, PAT up 19%, ROE 28.15%, D/E 2.24, post-issue P/E 22.12x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

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.

Founded

2021

2021

Promoters

Gaurang Ramanbhai Galiya,

Gaurang Ramanbhai Galiya,

Promoter holding

99.87% pre-issue; 73.4% post-issue

99.87% pre-issue; 73.4% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Jan 2026

Jan 2026

28.13

28.13

7.28

4.29

4.29

17.39

38.97

38.97

76.15

FY25

FY25

25.19

25.19

6.25

4.87

4.87

13.10

8.87

8.87

33.91

FY24

FY24

23.34

23.34

5.14

4.08

4.08

6.23

4.74

4.74

17.75

FY23

FY23

20.94

20.94

1.70

1.32

1.32

2.15

1.02

1.02

8.79

ROE

28.15%

ROCE

17.34%

Debt / equity

2.24

PAT margin

15.40%

P/E post issue

22.12

Market cap

₹113.89 Cr

Use of IPO money

Capital expenditure towards setting up of 4 new Stores (Showrooms)

₹12.47 Cr

Working Capital Requirements

₹9.50 Cr

General Corporate Purposes

₹4.03 Cr

Issue Expenses

₹4.20 Cr

Strengths

✓

PAT up 19% in FY25 to ₹4.87 Cr

✓

PAT margin of 15.40%

✓

ROE of 28.15% and ROCE of 17.34%

Risks to watch

!

High leverage: debt to equity 2.24

!

SME platform: large lot size and thinner trading liquidity

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.