Fixed Price IPO | ₹15 Cr | Listed at BSE SME | Thu, Mar 27, 2025 - Wed, Apr 2, 2025
Retaggio Industries IPO is a fixed price issue of ₹15.50 crores. The issue is entirely a fresh issue of 0.62 crore shares of ₹15.50 crore.
Retaggio Industries IPO bidding started from Mar 27, 2025 and ended on Apr 2, 2025. The allotment for Retaggio Industries IPO was finalized on Apr 3, 2025. The shares got listed on BSE SME on Apr 7, 2025.
Retaggio Industries IPO price is ₹25 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Retaggio Industries IPO RHP for detailed Information.
IPO Open
Thu, Mar 27, 2025
IPO Close
Wed, Apr 2, 2025
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹38.92 Cr
| IPO Date | 27 Mar to 2 Apr, 2025 |
| Listed on | Mon, Apr 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 61,98,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 5,64,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 56,34,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 56,34,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 93,68,160 shares |
| Share Holding Post Issue | 1,55,66,160 shares |
| BSE Script Code | 544391 |
| ISIN | INE0KWJ01014 |
Retaggio Industries IPO comprises a total issue size of 61,98,000 shares. The net offer to the public is 56,34,000 shares, after excluding 5,64,000 shares allotted on a firm basis. Of the Net offer 28,14,000 (49.95%) allocated to NII 28,20,000 (50.05%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 28,14,000 | 49.95% | 45.40% |
| Retail Shares Offered | 28,20,000 | 50.05% | 45.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,64,000 | 9.10% | |
| Total Shares Offered | 61,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Incorporated in 2022, Retaggio Industries Limited is engaged in the manufacturing of jewelry, including necklaces, bracelets, earrings, and other decorative pieces.
The company is a jewelry manufacturer with extensive experience in the B2B sector and offers high-end, heritage pieces known for exceptional craftsmanship and unique designs.
The company began as M/s Vaibhav Gems in 2012. In 2022, Mr. Savinay Lodha expanded the business by establishing Retaggio Industries Limited, acquiring M/s Vaibhav Gems through a Business Transfer Agreement.
The company has an in-house design team focused on customer needs, market analysis, and offering a wide product range. Its professionalism and commitment aim to build trust and deliver lasting value.
Products: Rings, Bangles, Earrings, Necklaces.
As of March 03, 2025, the company has 15 employees on payroll.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 35.99 | 33.46 | 27.37 | 0.05 |
| Total Income | 9.03 | 23.28 | 23.07 | |
| Profit After Tax | 0.81 | 3.34 | 3.09 | -0.01 |
| NET Worth | 19.39 | 18.58 | 15.27 | 0.04 |
| Reserves and Surplus | 10.02 | 9.21 | 5.90 | -0.01 |
| Total Borrowing | 11.39 | 11.40 | 10.89 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/Prepayment of Certain Debt Facilities | 1.90 |
| 2 | Working Capital Requirements | 11.50 |
| Total | 13.40 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 19.74% |
| ROCE | 17.04% |
| Debt/Equity | 0.61 |
| RoNW | 17.99% |
| PAT Margin | 14.35% |
| Price to Book Value | 0.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.57 | 1.04 |
| P/E (x) | 7.01 | 23.98 |
| Promoter Holding | 99.99% | 60.18% |
| Market Cap | ₹38.92 Cr. |
The Retaggio Industries IPO is subscribed 1.86 times on April 2, 2025 6:19:32 PM (Day 4). The public issue subscribed 2.57 times in the retail category, [.] times in the QIB category, and 1.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.16 | 28,17,000 | 32,58,000 | 0 |
| Retail | 2.57 | 28,17,000 | 72,36,000 | 0 |
| Total | 1.86 | 56,34,000 | 1,04,94,000 | 1,397 |
Total Application : 1,397
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Lead Manager and commission (including selling commission, brokerage and underwriting commission) | 1.26 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.01 |
| 3 | Market Making Fees | 0.65 |
| 4 | Others | 0.01 |
| 5 | Fees payable to Regulators including Stock Exchange and other Intermediaries | 0.07 |
| 6 | Printing & Distribution Expenses | 0.00 |
| 7 | Marketing & Selling Expenses | 0.04 |
| 8 | Fees to Legal Counsel | 0.02 |
| 9 | Miscellaneous (including fees payable to auditors, consultants, market research firms and other professional agencies) | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.10 |
| Low | ₹23.85 |
| High | ₹25.50 |
| Last Trade | ₹25.20 |
Lead Manager Reports
Retaggio Industries IPO is a SME IPO of 61,98,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Thu, Mar 27, 2025, and closes on Wed, Apr 2, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Retaggio Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Retaggio Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Retaggio Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Retaggio Industries IPO opens on Thu, Mar 27, 2025 and closes on Wed, Apr 2, 2025.
Retaggio Industries IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Retaggio Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Retaggio Industries IPO will be done on Thursday, April 3, 2025, and the allotted shares will be credited to your demat account by Fri, Apr 4, 2025. Check the Retaggio Industries IPO allotment status.
The Retaggio Industries IPO listing date is on Mon, Apr 7, 2025.
