Riyaasat Lifestyle Limited
SMEOpenHealth care · Listed on BSE · IPO ID: IPO-10006
About the IPO
Riyaasat Lifestyle IPO is a book build issue of ?30.77 crores. The issue is entirely a fresh issue of 0.28 crore shares aggregating to ?30.77 crores.
Riyaasat Lifestyle IPO bidding opened for subscription on Jun 18, 2026 and will close on Jun 22, 2026. The allotment for the IPO is expected to be finalized on Jun 23, 2026. The IPO will list on the BSE SME with a tentative listing date fixed as Jun 25, 2026.
The price band is set at ?102 to ?108 per share. The lot size for an application is 1,200 shares. The minimum investment required by retail investors is ?2,59,200 (2,400 shares). Mark Corporate Advisors Pvt. Ltd. is the book running lead manager and Skyline Financial Services Pvt. Ltd. is the registrar of the issue.
About the Company
Riyaasat Lifestyle Limited
Incorporated in October 2021, Riyaasat Lifestyle Limited offers premium ethnic wear for men and women. The company provides a wide range of products including Kurta, Payjama, Sherwani, Jodhpuri, Lehanga and Gown collections designed to combine traditional craftsmanship with modern fashion.
The company launched its first Exclusive Brand Outlet (EBO) in Ahmedabad on October 23, 2021 and has expanded its retail footprint across Gujarat and Maharashtra. As of March 31, 2026, the company operated 6 EBOs ranging from 1,790 sq. ft. to 9,419 sq. ft.
The company sells products through its official website and online marketplaces including Pernia’s Pop-Up Shop. As of January 31, 2026, the company had approximately 177 employees across various business functions.
Its key strengths include customization capabilities, strong brand reputation in ethnic wear, strategic store locations, affordable pricing and a seamless shopping experience.
Issue Objectives
- 01 New plant setup - 14.80
- 02 Marketing expansion - 8.30
Strengths
- Rapid revenue growth in last 3 years
Risks
- High raw material cost volatility
IPO Details
| IPO Date | 2026-06-18 to 2026-06-22 |
| Listed on | Thu, 25 Jun 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹102.00 - ₹108.00 |
| Issue Price | ₹108 per share |
| Lot Size | 1200 shares |
| Issue Type | Open |
| Listing At | BSE |
IPO Issue Details
| Total Issue Size | 61.25 Cr |
| Reserved for Market Maker | Fresh Issue |
Subscription Status (Day-wise)
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 12 Sept | 14.00x | — | — | 14.00x |
| 15 Sept | — | NaNx | — | NaNx |
| Final | 14.00x | NaNx | — | NaNx |
Grey Market Premium History
| Date | Ipo Price (₹) | GMP (₹) | Est. Listing | Est Profit (₹) |
|---|---|---|---|---|
| 2026-09-10 | ₹108 | +₹40 | ₹215.00 (23%) | ₹40 |
Company Financials (Restated Consolidated)
| Period Ended | 31 MAR 2023 | 31 MAR 2024 | 31 MAR 2025 |
|---|---|---|---|
| Total Assets | 19.20 | 33.10 | 60.20 |
Key Performance Indicator (KPI)
| KPI | 31 Mar 2025 |
|---|---|
| ROCE | 18.90% |
| ROE | 25.20% |
Pre / Post IPO Metrics
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (?) | ₹22.1 | ₹25.2 |
IPO Review
IPO review will be updated soon.
IPO Anchor Investors
Rajnandini Fashion India IPO raises ?5.15 crore from anchor investors. Rajnandini Fashion India IPO Anchor bid date was May 23, 2026. The company allocated 8,18,000 equity shares to anchor investors before the IPO opening.
Anchor Investors Letter (PDF)Investor Category Reservations
| Application Category | Bidding Limits |
|---|---|
| Only bNII | 13+ Lots |
| Only Individual investor (retail) | 2-4 Lots |
| Only sNII | 5-12 Lots |
* Bidding at cut-off price is not allowed for any category
IPO Timeline
Issue Reservation
Strong institutional allocation expected
| Investor Category | Shares Offered | % of Net Issue |
|---|---|---|
| QIB Shares Offered | 5,00,000 | 50.00% |
| Anchor Investor Shares Offered | 3,00,000 | — |
| QIB (Ex. Anchor) Shares Offered | 2,00,000 | — |
| NII (HNI) Shares Offered | 3,00,000 | 20.00% |
| bNII > ₹10L | 2,00,000 | — |
| sNII < ₹10L | 1,00,000 | — |
| Retail Shares Offered | 2,50,000 | 25.00% |
| Market Maker Shares Offered | 50,000 | — |
| Total Shares Offered | 11,00,000 | 100.00% |
IPO Lot Size
Minimum 1200 shares per lot
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 2,000 | ₹1,75,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹3,50,000 |
| S-HNI (Min) | 3 | 6,000 | ₹5,25,000 |
| S-HNI (Max) | 8 | 16,000 | ₹14,00,000 |
| B-HNI (Min) | 9 | 18,000 | ₹15,75,000 |