New Delhi, June 17 -- Riyaasat Lifestyle IPO is all set to open for subscription tomorrow, 18 June. The SME IPO will remain for open for bidding till Monday, 22 June.

Ahmedabad-based Riyaasat Lifestyle is involved in the retail sale of ethnic apparel for both men and women. The company plans to utilise the IPO proceeds to fund capital expenditure for setting up four new showrooms, support its working capital needs, and meet general corporate requirements.

At present, Riyaasat Lifestyle operates six exclusive brand outlets (EBOs) across Gujarat and Maharashtra, with store sizes ranging between 1,790 sq ft and 9,419 sq ft.

For FY25, the company reported a total income of Rs.25.19 crore and a profit after tax (PAT) of Rs.4.87 crore.

Riya...