Riyaasat Lifestyle IPO
ListedSME
1.32×
Subscribed
Price band
₹106 – ₹106
Issue size
₹30.2 Cr
Open – close
18 Jun 2026
to 25 Jun 2026
Listing
01 Jul 2026
Listing gain
-20.00%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong4 of 7 dimensions read
The disclosed numbers are strong — 3 of 5 signals read positive
Strength75/100
- Undemanding valuation17.2× earnings at the upper band, with no peer set published to compare against
- Steady revenue growthRevenue compounding at 10.0%
- Profit growth outpaces salesPAT up 48.1% a year against revenue at 10.0% — check whether that is operating leverage or a one-off before extrapolating it
- Conservative balance sheetDebt/equity of 0.82×
- Institutions bid heavilyQIB portion subscribed 20.33×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens18 Jun 2026
- Closes25 Jun 2026
- Listing01 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB20.33x
Non-institutionalNII / HNI0.09x
Big NIIabove ₹10L0.05x
Small NII₹2L – ₹10L0.16x
Retail individualRII0.44x
322 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 25 Jun 2026.
Chance of allotment
Retail0.44× subscribed
Full allotment
The retail portion is under-subscribed at 0.44×, so every valid application should receive a full allotment.
HNI / NII0.09× subscribed
Full allotment
The HNI portion is under-subscribed at 0.09×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹0+0.0%
over the upper band · last seen 07 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹106 – ₹106
Total issue size₹30.2 Cr
Listing atSME platform
Company & valuation
Debt / equity0.82×
ROE28.15%
ROCE17.34%
RoNW24.67%
PAT Margin15.40%
EBITDA Margin26.13%
NAV22.03
ISININE0KYI01012
Lead managersMark Corporate Advisors Private Limited, Skyline Financial Services Private Limited
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB Shares Offered | 1,36,800 | 4.80% |
| NII (HNI) Shares Offered | 9,64,800 | 33.87% |
| bNII > ₹10L | 6,43,200 | 22.58% |
| sNII < ₹10L | 3,21,600 | 11.29% |
| Retail Shares Offered | 16,00,800 | 56.19% |
| Market Maker Shares Offered | 1,46,400 | 5.14% |
Total issue 28,48,800 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,54,4002 lots · 2,400 sh
Individual investors (IND) (Max)₹2,54,4002 lots · 2,400 sh
S-HNI (Min)₹3,81,6003 lots · 3,600 sh
S-HNI (Max)₹8,90,4007 lots · 8,400 sh
B-HNI (Min)₹10,17,6008 lots · 9,600 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Capital expenditure towards setting-up of 4 new Stores (Showrooms)₹12.47 Cr
- 02Working Capital requirements₹9.5 Cr
- 03General Corporate Purpose₹4.03 Cr
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2023 | 20.935 | — | 1.322 | — | — |
| 2024 | 22.875 | — | 4.085 | — | — |
| 2025 | 24.805 | — | 4.866 | — | — |
| 2026 | 27.87 | — | 4.292 | — | — |
Revenue CAGR 10.0%PAT CAGR 48.1%
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Riyaasat Lifestyle Limitedthis issue | 6.17 | 17.17 | 16.59 | 50.34% |
| Bizotic Commercial Limited | 4.12 | 213.39 | 72.20 | 7.38% |
| Vedant Fashions Limited | 15.99 | 28.01 | 73.55 | 21.72% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur 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.
mediumThe 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
mediumWe 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
mediumWe 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
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Riyaasat Lifestyle IPO GMP today?
The most recent grey-market premium recorded for Riyaasat Lifestyle is ₹0 per share — about 0.0% over the ₹106 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Riyaasat Lifestyle IPO subscribed?
Riyaasat Lifestyle is subscribed 1.32× overall (QIB 20.33×, NII 0.09×, retail 0.44×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.