Riyaasat Lifestyle IPO Review 2026: Issue Details, Price Band, Listing Dates & Financials
Incorporated in October 2021, Riyaasat Lifestyle Limited is engaged in the business of designing, marketing and retailing ethnic wear for men and women. The company offers a wide range of traditional and contemporary ethnic apparel including kurtas, pyjamas, sherwanis, Jodhpuri suits, lehengas and gowns.
The company focuses on delivering premium-quality ethnic fashion through its Exclusive Brand Outlets (EBOs), online platform and third-party marketplaces. Its products are designed to combine traditional craftsmanship with modern fashion trends while maintaining affordability and quality.
Riyaasat Lifestyle launched its first Exclusive Brand Outlet in Ahmedabad in October 2021 and has steadily expanded its physical retail presence. As of March 31, 2026, the company operated six EBOs across Gujarat and Maharashtra.
The company also sells products through its official website and online fashion platforms including Pernia's Pop-Up Shop.
As of January 31, 2026, the company had approximately 177 employees across various business functions.
Competitive Strengths
- Strong brand positioning in men's and women's ethnic wear.
- Customization capabilities enhancing customer experience.
- Growing network of Exclusive Brand Outlets.
- Affordable pricing with premium product quality.
- Established reputation in ethnic fashion segment.
- Strategically located retail stores and workshops.
- Strong focus on customer satisfaction and product quality.
Riyaasat Lifestyle IPO Details
| Particulars | Details |
|---|---|
| IPO Type | Book Building Issue |
| Issue Size | ₹30.77 Crore |
| Fresh Issue | 28,48,800 Shares (₹30.77 Crore) |
| Offer for Sale | Nil |
| Price Band | ₹102 to ₹108 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,200 Shares |
| Issue Type | Book Building IPO |
| Listing Exchange | BSE SME |
| Market Maker | Nikunj Stock Brokers Ltd. |
Riyaasat Lifestyle IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | June 18, 2026 |
| IPO Closing Date | June 22, 2026 |
| Basis of Allotment | June 23, 2026 |
| Refund Initiation | June 24, 2026 |
| Credit of Shares | June 24, 2026 |
| Listing Date | June 25, 2026 |
Riyaasat Lifestyle IPO Lot Size
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 2 | 2,400 | 2,59,200 |
| HNI (Minimum) | 3 | 3,600 | 3,88,800 |
Objects of the Issue
The company proposes to utilize the net proceeds from the IPO primarily towards:
- Funding working capital requirements.
- Expansion of retail footprint and business operations.
- Brand building and marketing initiatives.
- General corporate purposes.
Riyaasat Lifestyle IPO – Key Strengths
- Growing presence in India's ethnic wear market.
- Multi-channel sales strategy including EBOs, website and online marketplaces.
- Strong focus on customization and customer experience.
- Expanding retail network in key western Indian markets.
- Diversified product portfolio catering to men and women.
- Experienced management team with focus on brand development.
Risk Factors
- Business is highly dependent on consumer discretionary spending.
- Intense competition from established ethnic wear brands and online retailers.
- Expansion plans require effective execution and capital allocation.
- Fashion industry is subject to changing consumer preferences and trends.
- Concentration of retail operations in limited geographic regions.
Refer to RHP for detailed information.
IPO Allotment & Application Status
Registrar: Skyline Financial Services Pvt.Ltd.
- BSE Bid Status: https://www.bseindia.com/investors/appli_check.aspx
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Frequently Asked Questions (FAQs) - Riyaasat Lifestyle IPO
What are the Riyaasat Lifestyle IPO dates?
Riyaasat Lifestyle IPO will open on June 18, 2026 and close on June 22, 2026.
What is the price band of Riyaasat Lifestyle IPO?
The IPO price band has been fixed at ₹102 to ₹108 per share.
What is the lot size of Riyaasat Lifestyle IPO?
The minimum application lot size is 1,200 shares.
What is the minimum investment required for retail investors?
Retail investors need to apply for at least 2 lots (2,400 shares), requiring an investment of ₹2,59,200.
When is the Riyaasat Lifestyle IPO allotment date?
The basis of allotment is expected to be finalized on June 23, 2026.
Where will Riyaasat Lifestyle IPO be listed?
The shares are proposed to be listed on the BSE SME platform.
What does Riyaasat Lifestyle Limited do?
The company designs, markets and retails ethnic wear for men and women through offline stores, its website and online marketplaces.
Is Riyaasat Lifestyle IPO a fresh issue or OFS?
The IPO is entirely a fresh issue of 28,48,800 equity shares aggregating to ₹30.77 crore.
Investor Education Hub: Everything You Need to Know About IPOs
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