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Avience Biomedicals IPO Details

Bookbuilding IPO | ₹31 Cr | Listing at BSE SME | Thu, Jun 18, 2026 - Mon, Jun 22, 2026


Riyaasat Lifestyle IPO is a book build issue of ₹30.77 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹30.77 crore.

Riyaasat Lifestyle IPO opens for subscription on Jun 18, 2026 and closes on Jun 22, 2026. The allotment for the Riyaasat Lifestyle IPO is expected to be finalized on Jun 23, 2026. Riyaasat Lifestyle IPO will list on the BSE SME with a tentative listing date fixed as Jun 25, 2026.

Riyaasat Lifestyle IPO is set issue price band at ₹102 to ₹108 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,59,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,88,800.

 

Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd.

Refer to Riyaasat Lifestyle IPO RHP  for detailed Information.

IPO Open

Thu, Jun 18, 2026

IPO Close

Mon, Jun 22, 2026

Price Band

₹102 to ₹108

Market Cap (Pre-IPO)

₹116.04 Cr

IPO Details

  • IPO Date
    18 to 22 Jun, 2026
  • Listing Date
    Thu, Jun 25, 2026T
  • 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) Nikunj Stock Brokers Ltd.
  • 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

IPO Timetable (Tentative)

  • IPO Open
    Thu, Jun 18, 2026
  • Allotment
    Tue, Jun 23, 2026
  • Credit of Shares
    Wed, Jun 24, 2026
  • IPO Close
  • Refund
  • Listing

Issue Reservation

Riyaasat Lifestyle IPO comprises a total issue size of 28,48,800 shares. The net offer to the public is 27,02,400 shares, after excluding 1,46,400 shares allotted on a firm basis. Of the Net offer 1,36,800 (5.06%) are allocated to QIB, 9,64,800 (35.70%) allocated to NII 16,00,800 (59.24%) allocated to RII.

Investor Category Shares Offered % of Net Issue % of Total Issue
QIB Shares Offered 1,36,800 5.06% 4.80%
NII (HNI) Shares Offered 9,64,800 35.70% 33.87%
Retail Shares Offered 16,00,800 59.24% 56.19%
Firm Reservations
Market Maker Shares Offered 1,46,400 5.14%
Total Shares Offered 28,48,800 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,400 ₹2,59,200
Individual investors (IND) (Max) 2 2,400 ₹2,59,200
S-HNI (Min) 3 3,600 ₹3,88,800
S-HNI (Max) 7 8,400 ₹9,07,200
B-HNI (Min) 8 9,600 ₹10,36,800

About Riyaasat Lifestyle Ltd.

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:

  • Customization enables customers to personalize their clothing to suit their preferences.
  • Timeless Tradition, Ever-Evolving Style.
  • Quality Style at an Affordable Price.
  • Inspiring and Seamless Shopping Experience.
  • Prominent Reputation for Exquisite Men’s Ethnic Wear.
  • Strategic Locations and Well-Equipped Workshop.
  • Commitment to Quality.

Company Financials (Restated Consolidated)

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

Recently Listed IPOs in Retailing

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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% ₹503.05 (+0.77%)

IPO Objects of the Issue

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

Key Performance Indicator (KPI)

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
Promoter Holding 99.87% 73.4%
Market Cap ₹116.04 Cr.
Gaurang Ramanbhai Galiya, Ramanbhai Nanubhai Galiya and Sobhanaben R Galiya.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of January 31, 2026 available in RHP.

IPO Review

[Dilip Davda]

RLL is an ethnic wear company currently operating in Gujarat only. It has planned four additional new stores from IPO funding. It marked growth in its top and bottom lines for the reported periods. The sudden boost in its bottom lines from FY24 onwards raises eyebrows. Higher debt and trade receivables as of January 31, 2026 raise alarm. Based on its recent financial data, the issue appears aggressively priced. Only well-informed/cash surplus investors may park funds for medium term.

Read detail review…

Riyaasat Lifestyle IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Skyline Financial Services Pvt.Ltd.

IPO Lead Manager(s)

  1. Mark Corporate Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Riyaasat Lifestyle Ltd. Address
01/GF, ‘Time Square’
B/S. ‘Pariseema
C.G. Road,
Ahmedabad, Gujarat, 380009

IPO FAQs

Riyaasat Lifestyle IPO is a SME IPO of 28,48,800 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹102 to ₹108. The minimum order quantity is 1200.

The IPO opens on Thu, Jun 18, 2026, and closes on Mon, Jun 22, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Riyaasat Lifestyle IPO using UPI as a payment gateway. Angel One customers can apply in Riyaasat Lifestyle IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Riyaasat Lifestyle IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Riyaasat Lifestyle IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Riyaasat Lifestyle IPO opens on Thu, Jun 18, 2026 and closes on Mon, Jun 22, 2026.

Riyaasat Lifestyle IPO lot size is 1200, and the minimum amount required for application is ₹2,59,200, with 2 lots being the minimum application size.

You can apply in Riyaasat Lifestyle IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Riyaasat Lifestyle IPO will be done on Tuesday, June 23, 2026, and the allotted shares will be credited to your demat account by Wed, Jun 24, 2026. Check the Riyaasat Lifestyle IPO allotment status.

The Riyaasat Lifestyle IPO listing date is not yet announced. The tentative date of listing is Thu, Jun 25, 2026.

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IPO FAQs

Avience Biomedicals IPO is a SME IPO of 14,53,800 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹196 to ₹208. The minimum order quantity is 600.

The IPO opens on Thu, Jun 18, 2026, and closes on Mon, Jun 22, 2026.

Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Angel One customers can apply online in Avience Biomedicals IPO using UPI as a payment gateway. Angel One customers can apply in Avience Biomedicals IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Avience Biomedicals IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Avience Biomedicals IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Avience Biomedicals IPO opens on Thu, Jun 18, 2026 and closes on Mon, Jun 22, 2026.

Avience Biomedicals IPO lot size is 600, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.

You can apply in Avience Biomedicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Avience Biomedicals IPO will be done on Tuesday, June 23, 2026, and the allotted shares will be credited to your demat account by Wed, Jun 24, 2026. Check the Avience Biomedicals IPO allotment status.

The Avience Biomedicals IPO listing date is not yet announced. The tentative date of listing is Thu, Jun 25, 2026.

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