Riyaasat Lifestyle IPO Subscribed 0.13 Times on Day 3

No image 5paisa Capital Ltd - 2 min read

Last Updated: 22nd June 2026 - 05:42 pm

Riyaasat Lifestyle Limited's initial public offering (IPO) closed its three-day subscription window at 0.13 times overall subscription by 5:04 PM on Day 3 (June 22, 2026). The ₹30.77 crore book-build issue, priced at ₹102 to ₹108 per share, received bids for 3,63,600 shares against 27,02,400 shares on offer, with total applications reaching 94.

Subscription Status of Riyaasat Lifestyle IPO

Date QIB (Ex-Anchor) NII Individual Investors Total
Day 1 (June 18) 1.01 0.16 0.01 0.12
Day 2 (June 19) 1.01 0.00 0.04 0.08
Day 3 (June 22) 1.01 0.03 0.12 0.13

Here are the subscription details for Riyaasat Lifestyle IPO (Day 3, as of 5:04 PM)

Investor Category Subscription (times) Shares Offered Shares Bid For Total Amount (₹ Cr.)
Market Maker 1.00 1,46,400 1,46,400 1.58
QIB (Ex-Anchor) 1.01 1,36,800 1,38,000 1.49
NII 0.03 9,64,800 26,400 0.29
Individual Investors 0.12 16,00,800 1,99,200 2.15
Total 0.13 27,02,400 3,63,600 3.93

Key Highlights – Day 3

  • Overall subscription reached 0.13 times, improving marginally from Day 2's 0.08 times, with the issue closing well below full subscription.
  • Qualified institutional buyers (ex-anchor) maintained full subscription at 1.01 times throughout all three days, unchanged from Day 1.
  • Individual investors improved to 0.12 times from Day 2's 0.04 times, though participation remained well below full subscription.
  • Non-institutional investors remained negligible at 0.03 times, with sNII at 0.08 times and bNII recording no participation across all three days.
  • Total applications reached 94 on Day 3.

Key Highlights – Day 2

  • Overall subscription declined to 0.08 times from Day 1's 0.12 times.
  • Qualified institutional buyers (ex-anchor) held steady at 1.01 times, unchanged from Day 1.
  • Individual investors improved marginally to 0.04 times from Day 1's 0.01 times.
  • Non-institutional investors showed no meaningful participation on Day 2, with bNII and sNII both at negligible levels.

Key Highlights – Day 1

  • Overall subscription reached 0.12 times on Day 1 (June 18, 2026), reflecting very subdued initial investor interest in this ethnic wear SME IPO.
  • Qualified institutional buyers (ex-anchor) crossed full subscription at 1.01 times on Day 1.
  • Non-institutional investors showed minimal participation at 0.16 times, with bNII at 0.23 times and sNII at 0.01 times on Day 1.
  • Individual investors showed negligible participation at 0.01 times on Day 1.

 About Riyaasat Lifestyle Limited

Incorporated in October 2021, Riyaasat Lifestyle Limited offers ethnic wear for men and women including kurtas, payjamas, sherwanis, jodhpuris, lehengas, and gowns. The company operates six exclusive brand outlets across Gujarat and Maharashtra and sells through its website and online marketplaces. As of January 31, 2026, the company had approximately 177 employees across various departments.

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