Ahmedabad-based ethnic wear retailer Riyaasat Lifestyle is set to launch its Initial Public Offering (IPO) on June 18, 2026, with the issue scheduled to close on June 22, 2026. The company aims to raise approximately ₹30.77 crore through the IPO, which will be listed on the BSE SME platform.
The IPO comprises a fresh issue of 28,48,800 equity shares with a face value of ₹10 each. The price band has been fixed at ₹102-108 per share, and the issue will be offered through the book-building process.
Riyaasat Lifestyle specializes in ethnic wear for men and women and currently operates six Exclusive Brand Outlets (EBOs) across Gujarat and Maharashtra. The company’s stores range in size from 1,790 square feet to 9,419 square feet.
According to the company, the proceeds from the IPO will be utilized for setting up four new showrooms, meeting working capital requirements, and supporting general corporate purposes.
For the financial year 2024-25, Riyaasat Lifestyle reported a total income of ₹25.19 crore and a profit after tax (PAT) of ₹4.87 crore, reflecting steady business growth in the ethnic apparel segment.
Mark Corporate Advisors Pvt Ltd is acting as the lead manager for the public issue.
Investors will closely monitor the SME IPO as the company seeks to expand its retail footprint and strengthen its presence in India’s growing ethnic fashion market.
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