Riyaasat Lifestyle is expected to announce the allotment results for its initial public offering today, June 29, following a bidding process that attracted muted investor interest.
The ethnic wear brand’s SME IPO has drawn less enthusiasm than some recent peers, setting the stage for a potentially oversubscribed or fully allotted outcome depending on final demand metrics.
Investors can verify their allotment status through the official websites of the Bombay Stock Exchange (BSE) and the IPO registrar, Skyline Financial Services.
The company will also publish the final list of allotted applicants and refund details for unsuccessful bidders on these platforms.
The subdued demand for Riyaasat Lifestyle contrasts with the frenzy seen in other recent SME listings.
For context, Avience Biomedicals saw its SME IPO oversubscribed 385 times in late June, highlighting the selective appetite among retail investors in the small-cap segment.