Riyaasat Lifestyle IPO opens June 18: Check price band, lot size, objectives and key dates

Ethnic wear company Riyaasat Lifestyle's ₹30.77 crore initial public offering will open for subscription on Thursday, June 18. The issue will conclude on June 22. The price band has been fixed at ₹102 to ₹108 per share.

The initial share sale is solely a fresh issuance of 28.48 lakh shares, without an offer for sale (OFS) component.

The net proceeds from the issue will be used to fund capital expenditure towards setting up four new stores, working capital requirements and general corporate purposes.

"We believe that listing will enhance our corporate image as well as our brand name visibility. We also believe that our company will receive the benefits from listing of equity shares on the SME Platform of BSE (BSE SME). It will also provide liquidity to the existing shareholders and will also create a public trading market for the equity shares of our company," Riyaasat Lifestyle said in its red herring prospectus (RHP).

Riyaasat Lifestyle IPO lot size

A lot consists of 1,200 shares. The minimum investment for an individual investor is two lots or 2,400 shares.

Riyaasat Lifestyle IPO allotment and listing date

Ahmedabad-based Riyaasat Lifestyle sells ethnic wear for women and men. It offers a collection of sherwani, kurta, pyjama, jodhpuri, gown and lehenga.

The company operates six exclusive brand outlets (EBOs) across Maharashtra and Gujarat.

The firm sources its raw materials, fabrics, and finished materials from an array of suppliers, weavers, and traders located across Uttar Pradesh, Gujarat, Maharashtra, and Karnataka.

In financial year 2025, Riyaasat Lifestyle reported a total income of ₹25.19 crore and a net profit of ₹4.87 crore.

Mark Corporate Advisors is the issue's sole book-running lead manager, while Skyline Financial Services is the registrar. The company's shares will be listed on the BSE SME platform.