Riyaasat Lifestyle IPO Opening June 18 2026: ₹30.77 Crore SME Issue Opens For Subscription

Mumbai, June 17: Riyaasat Lifestyle IPO will open for subscription tomorrow on June 18, 2026, launching a ₹30.77 crore book-built issue on the BSE SME platform. The public issue will remain available for bidding until June 22, 2026, while the tentative listing date has been fixed as June 25, 2026. 

The IPO consists entirely of a fresh issue of 28.48 lakh equity shares, according to the company’s offer documents. As a fresh issue, the proceeds are expected to flow directly to the company rather than existing shareholders, supporting expansion and operational requirements outlined in the prospectus. 

IPO Structure and Price Band 

Riyaasat Lifestyle has fixed the IPO price band at ₹102 to ₹108 per share. Investors can place bids within this range during the subscription period. 

The issue is being offered through the book-building route. Under a book-built IPO, investors bid within a prescribed price range and the final issue price is determined after assessing demand received during the subscription window. 

At the upper end of the price band, the company seeks to raise approximately ₹30.77 crore. The post-issue market capitalization is estimated at around ₹116.04 crore. 

Subscription Dates and Listing Schedule 

The SME issue follows the standard IPO timetable laid out in the offer documents. 

The equity shares are proposed to be listed on the BSE SME platform following completion of the allotment and settlement process. 

Lot Size and Investment Requirement 

The IPO has been structured with a lot size of 1,200 shares. 

Retail investors are required to bid for a minimum of 2 lots (2,400 shares). At the upper price band of ₹108 per share, the minimum retail application amount works out to ₹2,59,200. 

For high-net-worth investors, the minimum S-HNI application begins at 3 lots (3,600 shares), requiring an investment of approximately ₹3,88,800. 

Lot size refers to the minimum number of shares an investor must apply for in an IPO. SME offerings generally have larger lot sizes compared to mainboard issues, resulting in a higher minimum investment amount. 

Share Allocation Details 

The issue comprises a total of 28,48,800 shares, including a market maker reservation of 1,46,400 shares. 

After excluding the market maker portion, the net offer to the public stands at 27,02,400 shares. 

The allocation of the net issue has been divided as follows: 

The retail segment receives the largest share of the net offer, accounting for more than half of the public issue. 

Company Profile 

Incorporated in October 2021, Riyaasat Lifestyle Limited operates in the ethnic wear segment, catering to both men and women. The company offers products including kurtas, sherwanis, lehengas, gowns, pyjamas and related apparel categories. 

According to company disclosures, it operates multiple Exclusive Brand Outlets (EBOs) across Gujarat and Maharashtra and also sells products through its online platform and third-party marketplaces. 

The company states that its business strategy focuses on expanding brand presence through physical retail locations while strengthening customer reach through digital channels. 

Financial Performance 

Riyaasat Lifestyle reported revenue growth over the past few financial years, although profitability moderated in the latest reported period. 

The company’s borrowings increased substantially compared with previous years, while net worth also expanded following business growth. 

For the period ended January 31, 2026, the company reported an EPS of ₹6.16 on a pre-issue basis. At the upper price band, the IPO is valued at a pre-issue P/E ratio of approximately 17.52 times. 

Utilisation of IPO Proceeds 

According to the prospectus, the company intends to utilise the net proceeds from the fresh issue for: 

• Capital expenditure towards establishing four new showrooms. 

• Funding working capital requirements. 

• General corporate purposes. 

The planned retail expansion forms the largest identified use of funds, reflecting the company’s focus on increasing its offline store network. 

Key Intermediaries 

Mark Corporate Advisors Private Limited is acting as the Book Running Lead Manager to the issue. 

Skyline Financial Services Private Limited has been appointed as the registrar, while Nikunj Stock Brokers Limited will serve as the market maker for the offering. 

Conclusion 

Riyaasat Lifestyle IPO has entered the primary market with a ₹30.77 crore fresh issue aimed at funding store expansion and working capital needs. The SME offering remains open for subscription until June 22, 2026, with shares scheduled for tentative listing on BSE SME on June 25, 2026. Market participants will now watch subscription demand across retail, HNI and institutional categories during the bidding period. 

Source: 

• https://www.bsesme.com/download/389631/SME_IPO%20InPrinciple/RiyaasatLifestyleLtd_20250715213356.pdf