Incorporated in October 2021, Riyaasat Lifestyle Limited offers ethnic wear for Men and Women. The brand offers a collection of Kurta, Payjama, Sherwani, Jodhpuri, Lehanga, Gown, each designed to embody fun and fashion. Every piece is made with fine materials for comfort and durability.
The company launched its first EBO in Ahmedabad on October 23, 2021. EBOS boost brand visibility and deliver a consistent, personalized shopping experience, aligning with its vision and business goals.
As of March 31, 2026, the company operates 6 EBOs across Gujarat and Maharashtra, with stores ranging from 1,790 to 9419 sq. ft., reflecting its brand ethos and providing a premium retail experience.
The company sells its products through its website, www.riyaasat.in and through online marketplaces including Pernia’s Pop-up.
As of January 31, 2026, The Company had a team of approximately 177 employees, including skilled, semi-skilled and unskilled staff, working in various roles and departments.
Competitive Strength:
| Period Ended | 31 Jan 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 76.15 | 33.91 | 17.75 | 8.79 |
| Total Income | 28.13 | 25.19 | 23.34 | 20.94 |
| Profit After Tax | 4.29 | 4.87 | 4.08 | 1.32 |
| EBITDA | 7.28 | 6.25 | 5.14 | 1.70 |
| NET Worth | 17.39 | 13.10 | 6.23 | 2.15 |
| Reserves and Surplus | 9.50 | 5.21 | 5.48 | 1.40 |
| Total Borrowing | 38.97 | 8.87 | 4.74 | 1.02 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Mehul Telecom Ltd. | SME | ₹27.73 Cr | ₹98 | ₹109.94 | +12.18% | ₹94.03 (+0.05%) |
| Umiya Mobile Ltd. | SME | ₹24.88 Cr | ₹66 | ₹68.78 | +4.21% | ₹49.50 (-1.00%) |
| Lenskart Solutions Ltd. | Mainboard | ₹7,278.02 Cr | ₹402 | ₹403.10 | +0.27% | ₹499.35 (+1.05%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards setting-up of 4 new Stores (“Showrooms”) | 12.47 |
| 2 | Working Capital requirements | 9.50 |
| 3 | General Corporate Purpose |
| KPI | Jan 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 28.15% | 50.34% |
| ROCE | 17.34% | 37.09% |
| Debt/Equity | 2.24 | 0.68 |
| RoNW | 24.67% | 37.15% |
| PAT Margin | 15.40% | 19.62% |
| EBITDA Margin | 26.13% | 25.18% |
| Price to Book Value | 6.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.16 | 4.79 |
| P/E (x) | 17.52 | 22.53 |
| IPO Date | 18 to 22 Jun, 2026 |
| Listing Date | Thu, Jun 25, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹102 to ₹108 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,48,800 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 1,46,400 shares (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 27,02,400 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 27,02,400 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 78,95,678 shares |
| Share Holding Post Issue | 1,07,44,478 shares |
Gaurang Ramanbhai Galiya, Ramanbhai Nanubhai Galiya and Sobhanaben R Galiya.
| Share Holding Pre Issue | 99.87% |
| Share Holding Post Issue | 73.40% |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
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