Riyaasat Lifestyle Ltd.
RIYAASATSME
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Overview
Riyaasat Lifestyle Limited is an Indian ethnic wear retailer and manufacturer focused on premium men’s and women’s occasion wear, blending traditional craftsmanship with contemporary design. Riyaasat offers sherwanis, kurta sets, jodhpuri suits, lehengas, gowns, sarees and Indo-Western apparel, with a strong customization capability covering size, style, design and embroidery for individuals and families. The company operates a multi-channel model through exclusive brand outlets and online sales, with six showrooms across Ahmedabad, Vadodara and Mumbai as of March 31, 2026, supported by workshops and a sourcing network spread across multiple states. Its business is driven by wedding and festive demand, a growing retail footprint, and a product mix that combines in-house manufacturing with traded merchandise.
Opening Date
Jun 18, 2026
Closing Date
Jun 22, 2026
Listing Date
Jun 25, 2026
IPO Type
SME
IPO Status
Open
Issue Size
30.77 Cr
Fresh Issue
30.77 Cr
Offer for Sale
0 Cr
Price Band
₹102 - ₹108
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to expand Riyaasat Lifestyle Limited’s retail footprint, strengthen operating liquidity, and support broader corporate growth initiatives.
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Fund capital expenditure for setting up four new showrooms across Mumbai, Surat, Hyderabad and Bengaluru, including showroom fit-outs, interiors, fixtures, equipment and related establishment costs to expand the company’s physical retail network in high-potential Tier I and Tier II markets.
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Provide security deposits and lease-related establishment funding for the proposed new showrooms, enabling the company to secure premium retail locations and create an enhanced in-store customer experience aligned with its ethnic wear positioning.
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Meet incremental working capital requirements to finance day-to-day business operations, including procurement, supplier advances, statutory payments and maintaining adequate inventory levels across existing stores and newly planned showrooms, especially for wedding and festive demand cycles.
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Support general corporate purposes, including brand building, business development, marketing, operating contingencies and other approved corporate initiatives, while also improving corporate visibility and liquidity benefits associated with listing on the BSE SME platform.
Key Performance Indicator
P/E Ratio
17.52
EPS
6.16
ROE
28.15%
ROCE
17.34%
RONW
24.67%
Debt to Equity Ratio
—
PAT Margin
15.4%
EBITDA Margin
26.13%
P/B
6.51
SWOT Analysis
Strengths
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Strong brand positioning in ethnic wear with a differentiated blend of traditional craftsmanship and contemporary design for men and women.
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Customization capability across size, style, design and embroidery allows personalized offerings and coordinated family attire for special occasions.
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Established offline retail presence with six showrooms in key urban markets, supplemented by online sales and workshop infrastructure.
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Healthy profitability profile with revenue rising from 20.93 crores in FY2023 to 24.80 crores in FY2025 and PAT increasing from 1.32 crores to 4.87 crores.
Weaknesses
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Business is highly dependent on wedding, festive and seasonal demand, which can create revenue volatility and inventory concentration.
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Operations remain geographically concentrated, with a large share of existing stores located in Ahmedabad and revenue dependence on a limited regional base.
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Working capital intensity is high due to substantial inventory holding requirements across raw materials, finished goods and store-level stock.
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Operating cash flows have been inconsistent, with negative operating cash flow in FY2023, FY2024 and the period ended January 31, 2026 despite reported profits.
Opportunities
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Expansion into four new cities through proposed showrooms can widen market reach, improve brand visibility and diversify revenue sources.
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Growing domestic demand for ethnic wear, occasion wear and family-coordinated outfits supports scale-up in both offline and online channels.
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Broader women’s wear and accessories expansion can deepen wallet share and strengthen the company’s positioning as a one-stop family attire destination.
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Wholesale and e-commerce expansion can improve reach beyond current showroom markets and unlock incremental sales with relatively lower physical expansion costs.
Threats
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Intense competition from organized and unorganized ethnic wear retailers could pressure pricing, store productivity and customer acquisition.
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Changes in consumer fashion preferences or weaker demand in premium occasion wear categories may adversely affect sales and inventory realizations.
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Execution risks in opening new showrooms, including leasing, approvals, fit-out delays and slower-than-expected ramp-up, may impact returns on IPO-funded expansion.
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Macroeconomic, geopolitical and financial system disruptions could affect discretionary spending, supply chains, borrowing costs and investor sentiment.
Subscription Rate
Frequently Asked Questions about Riyaasat Lifestyle Ltd.
Riyaasat Lifestyle Limited is an Indian ethnic wear retailer and manufacturer focused on premium men’s and women’s occasion wear, blending traditional craftsmanship with contemporary design. Riyaasat offers sherwanis, kurta sets, jodhpuri suits, lehengas, gowns, sarees and Indo-Western apparel, with a strong customization capability covering size, style, design and embroidery for individuals and families. The company operates a multi-channel model through exclusive brand outlets and online sales, with six showrooms across Ahmedabad, Vadodara and Mumbai as of March 31, 2026, supported by workshops and a sourcing network spread across multiple states. Its business is driven by wedding and festive demand, a growing retail footprint, and a product mix that combines in-house manufacturing with traded merchandise.
The Riyaasat Lifestyle Ltd. IPO is scheduled to open for subscription on Jun 18, 2026 and close on Jun 22, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Riyaasat Lifestyle Ltd. IPO is ₹102 to ₹108. Investors can place bids within this range once the issue opens.
The minimum lot size for the Riyaasat Lifestyle Ltd. IPO is 1200 shares. The minimum investment amount ₹1,29,600.
The total issue size of the Riyaasat Lifestyle Ltd. IPO is approximately ₹30.77. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Riyaasat Lifestyle Ltd. IPO has been subscribed 0.12 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Riyaasat Lifestyle Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Riyaasat Lifestyle Ltd. are expected to list on stock exchanges on Jun 25, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Riyaasat Lifestyle Ltd. IPO are proposed to be used for The main objectives of the issue are to expand Riyaasat Lifestyle Limited’s retail footprint, strengthen operating liquidity, and support broader corporate growth initiatives., Fund capital expenditure for setting up four new showrooms across Mumbai, Surat, Hyderabad and Bengaluru, including showroom fit-outs, interiors, fixtures, equipment and related establishment costs to expand the company’s physical retail network in high-potential Tier I and Tier II markets., Provide security deposits and lease-related establishment funding for the proposed new showrooms, enabling the company to secure premium retail locations and create an enhanced in-store customer experience aligned with its ethnic wear positioning., Meet incremental working capital requirements to finance day-to-day business operations, including procurement, supplier advances, statutory payments and maintaining adequate inventory levels across existing stores and newly planned showrooms, especially for wedding and festive demand cycles., Support general corporate purposes, including brand building, business development, marketing, operating contingencies and other approved corporate initiatives, while also improving corporate visibility and liquidity benefits associated with listing on the BSE SME platform.
Before applying for the Riyaasat Lifestyle Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
