Riyaasat Lifestyle IPO opens June 18-22 priced ₹102-₹108 seeking ₹30.77Cr
Business
Riyaasat Lifestyle, the Ahmedabad-based ethnic wear brand, is opening its IPO for subscriptions from June 18 to June 22.
It is looking to raise ₹30.77 crore by offering shares priced between ₹102 and ₹108 on the BSE SME platform.
Riyaasat IPO proceeds fund 4 showrooms
The funds will help Riyaasat open four new showrooms and cover day-to-day business needs.
Right now, they run six outlets across Gujarat and Maharashtra.
For FY25, they posted a total income of ₹25.19 crore with a net profit of ₹4.87 crore.
The IPO will see 28.488 lakh shares up for grabs, managed by Mark Corporate Advisors Pvt Ltd.