Ethnic Wear Titan Riyaasat Lifestyle Set for Major IPO Surge with Rs 30.77 Crore Offering
Ethnic wear specialist Riyaasat Lifestyle announced its upcoming Initial Public Offering (IPO), marking a significant step in its expansion trajectory. The company is set to raise approximately Rs 30.77 crore through the public offering, which is scheduled to begin on June 18.The IPO targets investors looking for exposure to the growing Indian retail apparel market. Riyaasat Lifestyle confirmed that it will issue 28,48,800 equity shares with a face value of Rs 10 each. The offering is slated to take place on the BSE SME platform.
Launch Details and Investment Scope
The public subscription for Riyaasat Lifestyle's IPO opens on June 18 and closes on June 22, 2026. The company has set a clear price band for its shares, ranging from Rs 102 to Rs 108 per share.Mark Corporate Advisors Pvt Ltd has been appointed as the lead manager overseeing the offering. This book-built issue aims to provide necessary capital for strategic business growth and operational enhancement across key regions.
Operational Footprint of Riyaasat Lifestyle
Riyaasat Lifestyle is an established Ahmedabad-based enterprise focused on the retail trade of ethnic wear for both men and women. The company maintains a solid physical presence across major Indian markets.Currently, the brand operates six EBOs (Exclusive Brand Outlets) strategically located in Gujarat and Maharashtra. These stores vary significantly in size, with operational units ranging from 1,790 to 9,419 square feet.
Financial Health Amid Growth Push
The company demonstrated stable performance during financial year 2025, showcasing robust revenue generation. Riyaasat Lifestyle reported a total income of Rs 25.19 crore for the fiscal year.Profitability remains strong, with the firm reporting a profit after tax amounting to Rs 4.87 crore in FY2025. These figures underscore the company’s current financial stability and operational efficiency.
Capital Allocation and Future Expansion Plans
The capital raised through the IPO is earmarked for critical business expansion and structural improvements. Funds are designated for proposed capital expenditure required for establishing four new showrooms.Furthermore, the proceeds will be utilized to meet working capital requirements and cover general corporate purposes. This injection of capital signals Riyaasat Lifestyle’s commitment to aggressive nationwide retail expansion in the near future.
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