Riyaasat Lifestyle IPO
Riyaasat Lifestyle LtdSME
This IPO has listed.
- Open date
- 18 Jun 2026
- Close date
- 25 Jun 2026
- Min. Investment
- ₹2,54,400
- Lot Size
- -
- Fresh Issue
- ₹30.20 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers20.33x
- Non-Institutional Investors0.21x
- Retail-Individual Investors0.44x
- Total1.31x
Schedule
- Completed: IPO open date18 Jun 2026
- Completed: IPO close date25 Jun 2026
- Completed: Allotment date29 Jun 2026
- Completed: Funds unblock or debit30 Jun 2026
- Completed: Tentative listing date1 Jul 2026
About
Promoter shareholding in Riyaasat Lifestyle Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Gaurang Ramanbhai Galiya | 54,97,178 | 69.62% | 54,97,178 | 51.16% |
| Ramanbhai Nanubhai Galiya | 11,89,000 | 15.06% | 11,89,000 | 11.07% |
| Sobhanaben R Galiya | 11,89,000 | 15.06% | 11,89,000 | 11.07% |
| Bhavna Joy Chauhan | 5,125 | 0.07% | 5,125 | 0.05% |
| Khushali Saumilkumar Salaliya | 5,125 | 0.06% | 5,125 | 0.05% |
Riyaasat Lifestyle IPO Strengths & Risks
- Management expertise.
- Leveraging the experience of our Promoters.
- Cordial relations with our customers.
- Cordial relations with our Employees and Professionals
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Our operations rely on third-party product providers and other vendors for manufacturing of our products. Any negligence in product or services provided by them, increase in costs of their product or services or failure to maintain strong relationships with them could disrupt our operations which ultimately could adversely affect the quality of our products, pricing, results of operations and financial condition. Further, we do not have long-term agreements with any of our product suppliers and other venders.
- Risks Relating to the Business: Our success is largely based on our strong presence and understanding of consumer preferences in the western region in India. As we expand into new regions, failure to replicate the same level of success due to differing tastes, demand, or other factors could adversely affect our brand goodwill and financial performance.
- Risks Relating to the Business: Our brand, "Riyaasat," plays a critical role in our market positioning, and any adverse impact on its value could affect our collaborations with multi-brand stores and future growth prospects.
- Risks Relating to the Business: There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against our Company in relation to the same, our business, financial condition and results of operations could be adversely affected.
- Risks Relating to the Business: Any inability to maintain or failure in our quality control processes may damage our reputation, result in proceedings if the quality of our products does not meet our customers' expectations and adversely affect our business, results of operations and financial condition.
- Risks Relating to the Business: Our business is highly dependent on seasonal demand, particularly during festive occasions and wedding seasons. This concentration may lead to fluctuations in revenue generation, with a significant portion of sales occurring during these occasions/seasons. As a result, we may experience irregular cash flow, which could impact the continuity of our business operations and have an adverse effect on our financial condition during non-peak periods.
- Risks Relating to the Business: We use quality raw materials, positioning our product as high-end. If we are unable to source these materials at acceptable prices or pass the increased costs onto our customers, it could result in reduced production, financial losses, and negatively impact on our profitability.
- Risks Relating to the Business: We have experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.
- Risks Relating to the Business: We are dependent upon the experience and skill of our Promoters and Key Managerial Personnel for conducting our business and undertaking our day-to-day operations. We may not be able to recruit or retain key management.
- Risks Relating to the Business: If we are unable to maintain and enhance the value and reputation of our brand and/or counter any negative publicity, our business, results of operations and financial condition could be materially adversely affected.
- Risks Relating to the Business: We have not made any alternate arrangements in order to meet our capital requirements for the Objects of the Issue, any failure or delay in raising money from this Issue or any shortfall in the Issue proceeds may delay the implementation schedule and could adversely affect our growth plans
- Risks Relating to the Business: Our Company, directors, promoters, key managerial personnel, senior management, are party to certain legal proceedings. Any adverse decision in such proceedings may have an adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: We have in the past entered into related party transactions and may do so in the future. We cannot assure you that we could not have achieved more favorable terms if such transactions had not been entered into with related parties.
- Risks Relating to the Business: Problems with product quality may adversely affect our business and financial health, potentially leading to product liability claims and legal proceedings if customer expectations are not met.
- Risks Relating to the Business: Our insurance coverage could prove inadequate to satisfy potential claims or protect us from potential operational hazards and losses which may have a material adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: Our business is working capital intensive. If we are unable to generate sufficient cash flows to allow us to make required payments on our debt or fund working capital requirements, there may be an adverse effect on our results of operations.
- Risks Relating to the Business: We operate all of our stores, our Registered Office, and workshops on a leasehold basis. If we are unable to comply with the terms of the leases, renew our agreements or enter into new agreements on favorable terms, or at all, our business, results of operations and financial condition may be adversely affected.
- Risks Relating to the Business: Our inability to effectively manage or expand our retail network may have an adverse effect on our business, results of operations and financial condition.
- Risks Relating to the Business: The current locations of our exclusive outlets may become unattractive, and new locations may not be available on a reasonable price, it could result in financial losses, and negatively impact on our profitability.
- Risks Relating to the Business: Failing to develop a strong online presence could lead to missed opportunities in the fast-moving tech-driven market, resulting in a loss of competitive edge and growth potential.
- Risks Relating to the Business: We operate in highly competitive markets and an inability to compete effectively may adversely affect our business, results of operations and financial condition.
- Risks Relating to the Business: Few of our Promoter/Directors have provided personal guarantees for loan facilities obtained by our Company, and any failure or default by our Company to repay such loans in accordance with the terms and conditions of the financing documents could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as our Promoters/Directors and thereby, impact our business and operations.
- Risks Relating to the Business: If we are unable to manage our growth or execute our strategies effectively, our business plan and expansion may not be successful, and our business and prospects may be adversely affected.
- Risks Relating to the Business: Our Company has not received complete documentary evidence regarding the educational qualifications of one of our Directors and Promoters, which could lead to reputational or regulatory risks.
- Risks Relating to the Business: Pricing pressure from our competitors may affect our ability to maintain or increase our product prices and, in turn, our revenue from product sales, gross margin and profitability, which may materially and adversely affect our business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: We may require further equity issuance, which will lead to dilution of equity and may affect the market price of our Equity Shares or additional funds through incurring debt to satisfy our capital needs, which we may not be able to procure and any future equity offerings by us.
- Risks Relating to the Business: Increased losses due to fraud, employee negligence, theft or similar incidents may have an adverse impact on us.
- Risks Relating to the Business: If we are unable to accurately identify customer demand and maintain an optimal level of inventory in our stores, our business, results of operations and cash flows may be adversely affected.
- Risks Relating to the Business: Promoters and Directors hold Equity Shares in Company and are therefore interested in Company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: If we are unable to obtain, protect, or enforce our intellectual property rights, our business, brand reputation, and financial performance may be adversely affected.
- Risks Relating to the Business: In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
- Risks Relating to the Business: Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
- Risks Relating to the Business: We are subject to governmental regulation and we may incur material liabilities under, or costs in order to comply with, existing or future laws and regulation, and our failure to comply may result in enforcements, recalls, and other adverse actions.
- Risks Relating to the Business: Our company is promoted by first generation entrepreneurs, and their limited experience and industry networks may affect our business growth and prospects.
- Risks Relating to the Business: There is no guarantee that the company Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company Equity Shares.
- Risks Relating to the Business: The company will continue to be controlled by its Promoters after the completion of the Issue.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company Promoter could be lower than the Issue price.
- Risks Relating to the Business: The Company's future funding requirements, in the form of further issue of capital or other securities and/or loans taken by its, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they is raised.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: The company Promoters, Directors including Independent Directors, does not has any prior experience of directorship in the listed company.
- Risks Relating to the Business: The investors may not be able to sell immediately on an Indian stock exchange any of the Equity Shares they acquire in the Issue, incase of delay in receipt of Listing and Trading approval.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.
- Risks Relating to the Business: There is restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Risks Relating to the Business: After this Issue, the price of the company Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.
- Risks Relating to the Business: Applicants to this Issue is not allowed to withdraw their Applications after the Issue Closing Date.
- Risks Relating to the Business: Foreign investors may be restricted in their ability to purchase or sell Equity Shares.
- Risks Relating to the Business: The company promote its products and offerings through marketing, advertising, and other initiative's to increase existing customer's spend and acquire new customers, if the cost of promotional activities increase or if the company marketing initiatives fails to achieved the desired result, it might affect growth of its business and will has adverse effect on financial condition of the company business.
- Risks Relating to the Business: Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.
- Risks Relating to the Business: The company Equity Shares is quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
