Riyaasat Lifestyle Ltd.
PROSPECTUS · filed 18 Jun 2026
Riyaasat Lifestyle Ltd. designs and manufactures men's ethnic wear, with a recent revenue of Rs 27.87 crore and a profit of Rs 4.29 crore, while also expanding into women's wear under a unified brand. The company's revenue has grown at a CAGR of 10.01% and it has a debt-to-equity ratio of 0.82. The draft prospectus highlights high-severity risks regarding susceptibility to shifts in consumer preferences, challenges in maintaining product consistency across different product lines, and reliance on daily job workers and third-party suppliers without long-term agreements.
What stands out
Risk factor. Our business primarily focuses on designing men's ethnic wear, making us more susceptible to shifts in demand and changes in consumer preferences. Any significant changes in market trends or customer behavior could affect our business, operational results, and financial condition.
Risk factor. The integration of both men's and women's wear under a unified brand may pose challenges in maintaining the consistency of quality, design aesthetics, and attention to detail that our customers associate with our products and expect from us. If customers perceive that the expansion dilutes our core
Risk factor. We design and manufacture ethnic wear in-house. However, in our production process, we engage third-party workers ('daily job workers') as and when need arises without entering into any exclusivity arrangements. Any inability to engage daily job workers or reduction in efficiency, quality or discont
Risk factor. We do not have long-term agreements with any of our product suppliers and other venders. Our business relies heavily on the expertise and reliability of third-party suppliers and vendors for various critical stages of our production and procurement processes. If we are unable to retain these Supplie
How the offer is structured
- Capital expenditure towards setting-up of 4 new Stores (Showrooms)₹12.5 Cr
- Working Capital requirements₹9.5 Cr
- General Corporate Purpose₹4.0 Cr
Restated financials
Revenue
₹27.9 Cr
Latest fiscal year
Profit after tax
₹4.3 Cr
Revenue CAGR
10.0%
Debt / equity
0.82
PAT CAGR
48.1%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2023 | ₹20.9 Cr | ₹1.3 Cr | ||
| 2024 | ₹22.9 Cr | ₹4.1 Cr | ||
| 2025 | ₹24.8 Cr | ₹4.9 Cr | ||
| 2026 | ₹27.9 Cr | ₹4.3 Cr |
Risks the company discloses
Our business primarily focuses on designing men's ethnic wear, making us more susceptible to shifts in demand and changes in consumer preferences. Any significant changes in market trends or customer behavior could affect our business, operational results, and financial condition.(Market and Demand)
The integration of both men's and women's wear under a unified brand may pose challenges in maintaining the consistency of quality, design aesthetics, and attention to detail that our customers associate with our products and expect from us. If customers perceive that the expansion dilutes our core strengths or compromises the excellence they have come to expect, it could negatively affect our reputation and demand for our products.(Brand and Product Consistency)
We design and manufacture ethnic wear in-house. However, in our production process, we engage third-party workers ('daily job workers') as and when need arises without entering into any exclusivity arrangements. Any inability to engage daily job workers or reduction in efficiency, quality or discontinuation on shorter notice of these daily workers, could adversely impact our business, cash flows, results of operations, and financial condition.(Manufacturing and Supply Chain)
We do not have long-term agreements with any of our product suppliers and other venders. Our business relies heavily on the expertise and reliability of third-party suppliers and vendors for various critical stages of our production and procurement processes. If we are unable to retain these Suppliers due to factors such as better opportunities for them elsewhere, changes in their operational capacity, or increasing costs that make their services unaffordable, it could lead to significant disruptions in our operations.(Supply Chain Management)
The addition of womenswear requires adapting to a different market segment with its own set of trends, preferences, and competition. This exposes us to risks if we fail to capture the right market dynamics or if our expanded offerings do not resonate with consumers. The potential for adverse reactions from existing customers, alongside the challenge of maintaining high standards across different product lines, creates a vulnerability for our business.(Market and Demand)
The daily job workers in the manufacturing process may be subject to operating risks, such as performance below expected due to levels of efficiency, unexperienced, excessive wastage of raw materials, delays in our production process, natural disasters, industrial accidents, interruptions in power supply and statutory and regulatory restrictions. Additionally, prolonged business disruptions due to engagement of these daily job workers could result in a loss of customers.(Manufacturing and Supply Chain)
A disruption in these relationships [with third-party suppliers] could result in production delays, inventory shortages, and compromised product quality. Any of these issues may cause a decline in customer satisfaction, affecting our brand reputation and market position. Additionally, securing alternative suppliers on short notice may not always be feasible, and even if available, they may demand higher costs or require time to reach the quality standards we expect.(Supply Chain Management)
If the quality of raw materials or finished products from new or existing suppliers does not meet our standards, it could lead to increased costs due to rework or production halts. Such disruptions in the supply chain can also have a cascading effect, impacting our cash flows, business growth, and financial performance.(Supply Chain Management)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

