| Annual Financials | Mar 2024 | Mar 2025 | Jan 2026 |
| Revenue | 22.88 | 24.80 | 27.87 |
| Expenses | 18.29 | 19.31 | 22.98 |
| Other Income | 0.47 | 0.38 | 0.26 |
| Total Revenue | 23.34 | 25.19 | 28.13 |
| Profit Before Tax | 5.05 | 5.88 | 5.15 |
| Net Profit | 4.08 | 4.87 | 4.29 |
Riyaasat Lifestyle
Riyaasat Lifestyle IPO
₹2,40,000
0.62 xOver-subscribedBidding Dates 18 Jun, 26 -25 Jun, 26
Min Investment ₹2,40,000
Lot Size1,200
Price Range ₹100 – ₹106
Issue Size ₹30.77 Cr.
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IPO Subscription Details
Retail Subscription Details
0.14 x
Non-Institutional Buyers (sHNI)
0.1 x
Non-Institutional Buyers (bHNI)
0.23 x
Qualified Institutional Buyers (QIB)
9.28 x
Total0.62 x
0.62 x IPO Timeline
IPO Offer Start
18 Jun,26
IPO Offer Ends
25 Jun,26
Allotment Finalisation
23 Jun,26
Refund Initiation
24 Jun,26
Listing of Shares
25 Jun,26
IPO Analysis
Strengths
The company offers extensive customization allowing customers to personalize clothing beyond sizes, including styles, designs, and embroidery for unique preferences and special occasions, extending to coordinated family outfits.
The company embraces traditional beauty while continuously evolving designs to keep pace with modern fashion trends, introducing new seasonal collections that blend classic elegance with contemporary flair.
The company delivers exceptional quality and style at affordable prices, offering finest fabrics, intricate details, and contemporary styles while ensuring premium ethnic fashion remains accessible and budget-friendly.
Risks
The company derives 60.18% of revenue from men's ethnic wear products (L Lahenga Choli, Sherwani, Indo-western, Kurta Set), making it highly susceptible to shifts in consumer preferences and market trends. Any significant changes in customer behavior or market dynamics could adversely affect business operations and financial performance.
The company engages daily job workers without exclusivity arrangements for critical manufacturing processes including cutting, embroidery, and stitching. Job work expenses represent 11.01% of total expenses (₹252.91 lakhs for January 2026), and any inability to engage workers or reduction in their efficiency could disrupt production and impact financial condition.
The company relies heavily on third-party suppliers for raw materials and manufacturing processes without exclusivity arrangements. Top 10 suppliers account for 28.32% of purchases (₹615.23 lakhs), and any disruption in supplier relationships could lead to production delays, inventory shortages, and compromised product quality.
Objectives
The company plans to expand its market presence by opening four new showrooms across tier I and tier II cities in India including Mumbai, Surat, Hyderabad, and Bengaluru. The funds will be utilized for fit-out costs, security deposits, and establishment of retail outlets to achieve better market share gains, increased brand recognition, and economies of scale.
The company intends to meet working capital requirements to finance day-to-day operations, enhance liquidity, and ensure smooth functioning of business activities. The funds will support maintaining sufficient inventory at proposed stores, managing operational costs effectively, and supporting the company's growth plans.
The company's management will have flexibility to utilize proceeds for general corporate purposes including meeting operating expenses, covering initial development costs for projects, strengthening business development and marketing capabilities, addressing unforeseen exigencies in ordinary course of business, or other purposes approved by the Board of Directors.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Jan 2026 |
| Total Assets | 17.75 | 33.91 | 76.15 |
| Current Assets | 16.89 | 26.69 | 44.21 |
| Fixed Assets | 0.86 | 7.22 | 31.94 |
| Total Equity & Liabilities | 17.75 | 33.91 | 76.15 |
| Total Liabilities | 11.51 | 20.81 | 58.76 |
| Current Liabilities | 11.29 | 18.60 | 31.13 |
| Non Current Liabilities | 0.23 | 2.21 | 27.63 |
| Total Equity | 6.23 | 13.10 | 17.39 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Jan 2026 |
| Net Cash Flow | -0.07 | 0.34 | -0.18 |
| Investing Activities | -0.41 | -6.50 | -25.26 |
| Operating Activities | -2.73 | 1.49 | -2.73 |
| Financing Activities | 3.07 | 5.35 | 27.81 |
About Riyaasat Lifestyle
The company is an ethnic wear company that blends traditional craftsmanship with contemporary design for men's and women's collections. The company offers customization services where sizes, styles, designs, and embroidery can be tailored to customer preferences, serving as a one-stop destination for family attire including matching outfits for all members....more
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Managing DirectorGaurang Ramanbhai Galiya
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