Ethnic wear company Riyaasat Lifestyle will launch its initial public offer at a price of Rs 102-108 per share on June 18 to raise around Rs 30.77 crore, a statement said on Tuesday.
The company's IPO will open for public subscription on June 18 and close on June 22, 2026, on BSE SME platform, the statement said.
The company will issue 28,48,800 equity shares of face value Rs. 10 each through the book-built issue process at a price band of Rs 102 to Rs 108 per share and raise approximately Rs 30.77 crore, it said.
The IPO is being managed by the lead manager company Mark Corporate Advisors Pvt Ltd.
Ahmedabad-based Riyaasat Lifestyle is engaged in the sale of ethnic wear for men and women. It is raising funds for the proposed capital expenditure for establishing four new showrooms, meeting working capital requirements, and general corporate purposes.
Currently, the company operates 6 EBOs across Gujarat and Maharashtra, with store sizes ranging from 1,790 to 9,419 square feet.
In financial year 2025, the company reported total income of of Rs 25.19 crore and profit after tax of Rs 4.87 crore.
comments
Other categories
Recent Comments
