New Delhi, June 22 -- The initial public offering (IPO) of ethnic wear brand Riyaasat Lifestyle Ltd has been receiving muted demand from investors. The SME IPO has now entered its third and the last day of the bidding process on June 22.

Riyaasat Lifestyle IPO opened for subscription on June 18, Thursday, closes today, June 22, Monday. The IPO allotment date is likely June 23, Tuesday, while the IPO listing date is June 25, Thursday. Riyaasat Lifestyle shares will be listed on the BSE SME.

Riyaasat Lifestyle IPO price band is set at Rs.102 to Rs.108 per share, and the IPO lot size is 1,200 shares. At the upper-end of the price band, the company plans to raise Rs.30.77 crore from the book-building issue, which is entirely a fresh issue o...