Riyaasat Lifestyle SME IPO limps to final day with just 10% subscription, zero GMP
Ethnic wear brand Riyaasat Lifestyle's ₹30.77 crore SME IPO struggled into Day 3 on June 22, garnering only 10% subscription with grey market premium at zero. Priced at ₹102-108 per share with 1,200-share lots, the BSE SME listing is scheduled for June 25.
What happened
Ethnic wear brand Riyaasat Lifestyle's SME IPO entered final day on June 22 with only 10% subscription and zero grey market premium. Price band ₹102-108,
Key facts
- price band ₹102-108
- lot size 1,200 shares
- ₹30.77 crore issue size
- 28.48 lakh fresh equity shares
- 10% subscribed
- GMP ₹0
Why this matters
A struggling Riyaasat IPO at ₹30.77 crore may open consolidation conversations, as undersubscribed ethnic wear SMEs become candidates for strategic acquirers seeking ready brand assets at reset valuations.