Riyaasat Lifestyle SME IPO: 10% subscription recorded on final day
The Riyaasat Lifestyle SME IPO has reached 10% subscription on its third and final day, with a target raise of ₹30.77 crore through the offering.
IPO Subscription and Pricing Details
As the Riyaasat Lifestyle initial public offering enters its concluding stage, current data indicates that the issue has reached a 10% subscription rate so far. This activity comes as the SME IPO reaches its final day of bidding, providing a critical window for potential investors to participate before the window closes.
The company has established a specific price range for the book-building issue. Key details for those monitoring the offering include:
- Price Band: ₹102 to ₹108 per share
- Lot Size: 1,200 shares
- Total Capital Target: ₹30.77 crore (at the upper price limit)
Investment Structure
The Riyaasat Lifestyle offering is structured as a book-building issue. If the shares are issued at the top end of the designated ₹102 to ₹108 price band, the company expects to raise approximately ₹30.77 crore. To participate in the SME segment of the offering, investors are required to bid for a minimum lot size of 1,200 shares.
Market participants are closely watching the final day of subscription to determine the ultimate demand for the shares as the company seeks to meet its capitalisation objectives through this public offering.
