Riyaasat Lifestyle SME IPO heads to allotment after muted 1.32x demand, zero GMP
Ethnic wear brand Riyaasat Lifestyle's ₹30 crore SME IPO drew tepid 1.32x subscription with QIBs at 20.33x but retail at just 44% and NII at 9%. Grey market premium sits at zero ahead of allotment, expected June 29, with BSE SME listing slated July 1 at the ₹106 issue price.
Ethnic wear brand Riyaasat Lifestyle's ₹30 crore SME IPO saw muted 1.32x demand with zero GMP. Allotment expected June 29, BSE SME listing July 1 at ₹106 issue price.