Riyaasat Lifestyle IPO Day 2: Institutional Investors Step In, But Retail Response Remains Weak

Mumbai, June 19: The Riyaasat Lifestyle IPO continued to witness a sluggish response on the second day of bidding on Friday, with the issue subscribed just 0.07 times as of 10:59 AM. While institutional investors have fully subscribed their allotted portion, retail and high-net-worth investors are yet to show meaningful interest in the ₹30.77 crore SME offering.

The IPO opened for subscription on June 18 and is scheduled to close on June 22. Shares are being offered in a price band of ₹102 to ₹108 apiece.

Riyaasat Lifestyle IPO Subscription Status Today

The issue received bids for 1.80 lakh shares against 27.02 lakh shares available for subscription, translating into an overall subscription of 0.07 times.

Category-wise demand remained uneven:

• QIB (Ex Anchor): 1.01x
• NII: 0.00x
• Retail Investors: 0.02x
• Overall Subscription: 0.07x

The issue had received around 20 applications at the time of the latest update.

Institutional Investors Provide The Only Bright Spot

The strongest demand came from qualified institutional buyers, whose portion was subscribed 1.01 times.

While the QIB category is relatively small compared with the retail allocation, the subscription indicates that some institutional investors are willing to back the issue. However, institutional demand alone is unlikely to significantly improve overall subscription figures unless retail and HNI participation also picks up.

Retail Investors Remain OnThe Sidelines

The retail category has so far shown very little enthusiasm.

Against 16 lakh shares reserved for retail investors, bids had been received for only 38,400 shares by Thursday morning. This pushed retail subscription to just 0.02 times.

For many investors, the relatively high minimum investment requirement of around ₹2.59 lakh may be a factor influencing participation decisions.

HNI Demand Yet To Emerge

The non-institutional investor category has also remained largely inactive.

The NII segment was subscribed 0.00 times, with only a handful of applications recorded. Both large and small HNI categories have so far failed to attract meaningful demand, keeping pressure on the overall subscription numbers.

Can The IPO Gain Momentum Before Closing?

Despite the slow start, it may still be too early to judge the final outcome of the issue.

SME IPOs frequently witness a surge in bids during the last one or two days of the subscription period as investors wait to assess demand trends before committing capital. Whether Riyaasat Lifestyle sees a similar jump will become clearer as the closing date approaches.

For now, the issue remains dependent on stronger participation from retail and HNI investors.

Riyaasat Lifestyle IPO Details

The company plans to raise ₹30.77 crore through a fresh issue of 28.48 lakh equity shares.

Key details of the issue include:

• Price Band: ₹102 to ₹108 per share
• Issue Size: ₹30.77 crore
• IPO Opens: June 18, 2026
• IPO Closes: June 22, 2026
• Tentative Allotment: June 23, 2026
• Tentative Listing: June 25, 2026
• Listing Platform: BSE SME

About Riyaasat Lifestyle

Riyaasat Lifestyle operates in the lifestyle and consumer products segment and markets products under its own brand portfolio. The company intends to utilise the IPO proceeds for business expansion and general corporate purposes.

Conclusion

Riyaasat Lifestyle IPO has had a quiet start, with overall subscription standing at just 0.07 times on Day 2. While institutional investors have already fully subscribed their quota, retail and HNI investors are yet to participate in meaningful numbers. With the issue remaining open until June 22, the next few sessions will be crucial in determining whether the IPO can build momentum before the subscription window closes.

Source:

• https://www.bsesme.com/download/389631/SME_IPO%20Open/1.RHP_Riyaasat_12062026_Final_20260615201158.pdf