Riyaasat Lifestyle IPO opens tomorrow. GMP, price, other details in 10 points

Ahmedabad-based Riyaasat Lifestyle, an ethnic apparel retailer operating six exclusive brand outlets in Gujarat and Maharashtra, is set to open its SME IPO on June 18, closing on June 22. The book-built issue is entirely fresh, sized at about 30.77 crore rupees with a price band of 102 to 108 rupees per share and a lot size of 1,200 shares; for FY25, the company reported a total income of about 25.19 crore rupees and a PAT of 4.87 crore rupees. Proceeds will fund four new showrooms and working capital needs, with a tentative BSE SME listing on June 25 and a grey market premium of zero, signalling muted pre-listing demand.