Riyaasat Lifestyle IPO
Riyaasat Lifestyle IPO Listing Day Performance
Riyaasat Lifestyle listed on BSE SME on 01 July 2026 at ₹84.80, a 21.48% discount to the issue price of ₹108. A retail investor allotted the minimum application of 2,400 shares (2 lots) lost ₹55,680 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹0 (+0%) |
| GMP-implied listing | ₹108 |
| Actual listing | ₹84.80 |
| Difference | −₹23.2 (−21.5%) |
Demand going into listing
| Subscribed overall | 1.38× |
| QIB | 20.33× |
| NII | 0.24× |
| Retail | 0.44× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 | Day 7 | Day 8 |
|---|---|---|---|---|---|---|---|
| QIB | 1.01x | 1.01x | 1.01x | 1.01x | 1.01x | 11.35x | 20.33x |
| NII | 0.13x | 0.13x | 0.13x | 0.13x | 0.16x | 0.16x | 0.24x |
| bNII > ₹10L | 0.16x | 0.16x | 0.16x | 0.16x | 0.18x | 0.19x | 0.24x |
| sNII 2-10L | 0.16x | 0.16x | 0.16x | 0.16x | 0.18x | 0.19x | 0.24x |
| Retail | 0.01x | 0.04x | 0.04x | 0.04x | 0.12x | 0.18x | 0.44x |
| Total | 0.11x | 0.13x | 0.13x | 0.13x | 0.18x | 0.71x | 1.38x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | Jan 2026 |
|---|---|---|---|---|
| Revenue | 20.94 | 23.34 | 25.19 | 28.13 |
| Expense | 19.30 | 18.29 | 19.31 | 22.98 |
| Profit (PAT) | 1.32 | 4.08 | 4.87 | 4.29 |
| Total Assets | 8.79 | 17.75 | 33.91 | 76.15 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Riyaasat Lifestyle This IPO | 6.17 | - | 37.15 | 16.59 | - |
| Bizotic Commercial Limited | - | 213.39 | 7.38 | 72.20 | 111.95 Cr |
| Vedant Fashions Limited | - | 28.01 | 21.72 | 73.55 | 1,386.48 Cr |
Promoters & Holding Pattern
Promoters: Gaurang Ramanbhai Galiya, Ramanbhai Nanubhai Galiya and Sobhanaben R Galiya
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 78,95,678 | 99.87% |
| Promoter Holding Post Issue | 1,07,44,478 | 73.40% |
Strengths & Risks
- Strong institutional (QIB) demand — 20.3x.
- Solid profit margin — 19.3%.
- Strong return on equity — 50%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Riyaasat Lifestyle
Riyaasat Lifestyle is one of the leading Ethnic wear companies, where they combine traditional craftsmanship with modern design to make clothes for men and women. Along with ethnic wear, the firm also offers fusion and Indo-Western style clothes. For women: Sarees, Lehengas, Gowns, Indo-Western, Suits. For Men: Sherwani, Kurta Pyjama, Jodhpuri’s, and Koti- sets, among others, making them an all-in-one platform for any occasion while providing comfort and elegance. The firm sources raw materials, fabrics, and materials from Gujarat, Uttar Pradesh, Maharashtra, and Karnataka. The name Riyaasat reflects heritage, luxury, and cultural richness. One of the company’s strengths is designing clothes with different styles, designs, sizes, and embroidery that fit every occasion while meeting diverse customers’ preferences. As of now, the firm operates 4 stores across Ahmedabad and 1 store across Vadodara.
Company Contact Information
Riyaasat Lifestyle Ltd., 01/GF, ‘Time Square’, B/S. ‘Pariseema, C.G. Road,, Ahmedabad, Gujarat, 380009
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Capital expenditure towards setting-up of 4 new Stores (“Showrooms”) | 12.47 |
| Working Capital requirements | 9.50 |
| General Corporate Purpose | - |
Resources & Documents
Riyaasat Lifestyle IPO - Quick Take
Riyaasat Lifestyle has set a price band of Rs 102–Rs 108 per share for an issue size of Rs 31 crore. The stock listed with a 21.48% discount versus its issue price on July 01, 2026.
The issue is promoted by Gaurang Ramanbhai Galiya, Ramanbhai Nanubhai Galiya and Sobhanaben R Galiya with Mark Corporate Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards capital expenditure towards setting-up of 4 new Stores (“Showrooms”) (Rs 12 crore) and working Capital requirements (Rs 10 crore).
On fundamentals, the company is posting revenue growth of 7.9%, a profit margin of 19.3%, return on equity of 50.3% in its most recent reported period. Listed peers in this segment include Bizotic Commercial Limited (P/E 213.39x) and Vedant Fashions Limited (P/E 28.01x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Riyaasat Lifestyle IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Riyaasat Lifestyle GMP history and trend, or learn how grey market premium works and how reliable it is.
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