Riyaasat Lifestyle IPO Day 3: Subscription at 0.11 Times, GMP Signals Flat Listing
- 22nd June 2026
- 10:00 AM
- 3 min read
Summary
Riyaasat Lifestyle's SME IPO closes today, with overall subscription at 0.11 times as of early afternoon on the final bidding day. The grey market premium stands at ₹0, pointing to a flat listing. The price band is set at ₹102 to ₹108 per share.Mumbai | June 22, 2026
Riyaasat Lifestyle’s initial public offering on the BSE SME platform has been subscribed 0.11 times as of 12:49 PM on June 22, the third and final day of bidding, according to data from Chittorgarh.com.
How Has the IPO Been Subscribed So Far?
The Qualified Institutional Buyers category has booked 1.01 times its allotted shares, the only segment to cross full subscription. The individual investor category stood at 0.09 times, while the Non-Institutional Investors category was subscribed 0.02 times. Within the NII segment, bids from investors applying for more than ₹10 lakh stood at 0.00 times, while smaller NII bids of under ₹10 lakh reached 0.06 times.
Against a total issue size of 27,02,400 shares, bids had been placed for 2,92,800 shares, with 66 applications received in total.
What Is the Grey Market Premium Today?
Riyaasat Lifestyle shares are commanding a grey market premium of ₹0 ahead of listing, according to Chittorgarh.com, last updated at 12:00 PM on June 22. This places the estimated listing price at ₹108 per share, in line with the upper end of the issue price band, signalling a flat listing with no expected gain or loss.
Grey market premium figures are sourced from unregulated grey market dealers and are indicative only. Investors should exercise independent judgement.
What Are the Issue Details?
The IPO opened for subscription on June 18 and closes on June 22. The price band is fixed at ₹102 to ₹108 per share, with a lot size of 1,200 shares. At the upper end of the band, the company aims to raise ₹30.77 crore through a book-built issue comprising an entirely fresh issuance of 28.48 lakh equity shares. The company’s pre-IPO market capitalisation stands at ₹116.04 crore.
The minimum investment for retail individual investors works out to ₹2,59,200 for 2,400 shares, or two lots, at the upper price band. High net-worth individual investors must apply for a minimum of three lots, amounting to 3,600 shares and an investment of ₹3,88,800.
Mark Corporate Advisors Pvt. Ltd. is the book running lead manager for the issue, and Skyline Financial Services Pvt. Ltd. is the registrar. Nikunj Stock Brokers Ltd. is acting as the market maker.
When Will the Shares List?
The IPO allotment is likely to be finalised on June 23. Riyaasat Lifestyle shares are tentatively scheduled to list on the BSE SME platform on June 25.
Outlook
With QIB demand already past full subscription and retail and NII bidding still building through the final hours of the issue, the overall subscription figure is likely to move further by the time bidding closes today. The flat grey market premium suggests limited listing-day volatility, though actual listing performance will depend on subscription trends through close of bidding.
Stay updated on Indian equity and commodity markets. Read more market news on PL Capital →
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
