The Retaggio Industries IPO is set to open for subscription on March 27, 2025, and will close on April 2, 2025. The allotment will be finalized on April 3, 2025, and the IPO is scheduled to be listed on BSE SME on April 7, 2025.
The Retaggio Industries IPO follows a Fixed Price Issue structure, with the company aiming to raise ₹15.50 crores through a fresh issue of 61.98 lakh shares. The issue price is set at ₹25 per share.
The minimum lot size for retail investors is 6000 shares, requiring an investment of ₹1,50,000, while High Net Worth Individuals (HNIs) must apply for a minimum of 2 lots (12,000 shares) amounting to ₹3,00,000.
Retaggio Industries Limited was established on December 7, 2022, and is a growing company in the jewellery manufacturing sector. The company specializes in designing, crafting, and selling a diverse range of jewellery, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery.
It caters primarily to the B2B sector and is known for high-end, heritage pieces with exceptional craftsmanship and unique designs. Retaggio Industries follows a meticulous process in jewellery making, starting from sketching new ideas to creating 3D models with advanced technology before moving to production.
The company was initially established as M/s Vaibhav Gems in 2012 and was later acquired by Retaggio Industries Limited in 2022 through a Business Transfer Agreement led by Mr. Savinay Lodha. With an in-house design team, the company focuses on market trends, customer needs, and maintaining a diverse product portfolio, offering rings, bangles, earrings, necklaces, and bracelets.
The company’s competitive strengths include an experienced promoter and management team with proven execution capabilities, commitment to product quality and timely delivery, customer-centric approach, wide product range, and progressive employer policies that focus on workforce growth. Currently, the company employs 16 people and aims to expand its presence in the jewellery industry.
In the financial year 2023, Retaggio Industries reported revenue of ₹23.07 crores, demonstrating its steady growth in the jewellery sector. The company achieved a net profit of ₹3.09 crores, highlighting its profitability and efficient operations. The company’s strong financials, coupled with its focus on high-quality craftsmanship and customer-centric design, position it as a competitive player in the jewellery manufacturing industry. Investors looking for an opportunity in the jewellery sector may find Retaggio Industries an attractive investment given its heritage, craftsmanship, and market potential.
Overview of Contents
Retaggio Industries IPO Overview
| Particulars | Details |
| IPO Subscription Period | March 27, 2025 - April 2, 2025 |
| Expected Listing Date | 7 April |
| Face Value per Share | ₹10 |
| Issue Price per Share | ₹25 |
| Minimum Lot Size | 6,000 Shares |
| Total Shares Issued | 61,98,000 shares (₹15.50 Cr) |
| Fresh Issue | 61,98,000 shares (₹15.50 Cr) |
| IPO Type | Fixed Price Issue IPO |
| Stock Exchange | BSE SME |
| Pre-Issue Shareholding | 93,68,160 shares |
| Post-Issue Shareholding | 1,55,66,160 shares |
| Retail Investor Quota | 50% of Net Issue |
| Other Investor Quota | 50% of Net Issue |
Retaggio Industries IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Retaggio Industries IPO Lot Size
Investors can apply for a minimum of 6,000 shares and in multiples thereof. The table below outlines the minimum and maximum investment limits for Retail Investors and High Net-Worth Individuals (HNIs).
| Investor Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail (Min & Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Retaggio Industries IPO Dates
| Opening of IPO Subscription | March 27, 2025 (Thursday) |
| Closing of IPO Subscription | April 2, 2025 (Wednesday) |
| Probable Allotment Finalization | April 3, 2025 (Thursday) |
| Refunds Initiation | April 4, 2025 (Friday) |
| Shares Credited to Demat | April 4, 2025 (Friday) |
| Expected Market Debut | April 7, 2025 (Monday) |
| UPI Mandate Approval Deadline | April 2, 2025, by 5:00 PM |
Retaggio Industries IPO Promoter Holding
The company is promoted by Mr. Savinay Lodha, Ms. Nidhi Lodha, and M/s. Retaggio Trading Services LLP.
| Stage | Shareholding Percentage |
|---|---|
| Pre-Issue | 99.99% |
| Post-Issue | 65.18% |
Peer Group Comparison
| Company Name | EPS (Basic & Diluted) | NAV per Share (₹) | P/E Ratio (x) | RoNW (%) | P/BV Ratio | Financial Statements |
|---|---|---|---|---|---|---|
| Retaggio Industries Ltd | 8.07 | 39.89 | N/A | 20.24% | 0.64 | Restated |
| Eighty Jewellers Ltd | 1.90 | 23.00 | 27.05 | 5.93% | 2.22 | Standalone |
| Khazanchi Jewellers Ltd | 5.90 | 28.91 | 45.68 | 7.83% | 9.61 | Standalone |
Object of the Issue
- Repayment/Prepayment of Certain Debt Facilities
- Working Capital Requirements
- General Corporate Purposes
Retaggio Industries IPO Financial Performance
The financial summary below highlights the company’s key performance metrics over the past two fiscal years.
| Financial Metric | FY 2022-23 (₹ Cr) | FY 2021-22 (₹ Cr) |
|---|---|---|
| Total Assets | 27.37 | 0.05 |
| Total Revenue | 23.07 | - |
| Profit After Tax | 3.09 | -0.01 |
| Net Worth | 15.27 | 0.04 |
| Reserves & Surplus | 5.90 | -0.01 |
| Total Borrowings | 10.89 | - |
Retaggio Industries IPO Valuation – FY2024
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 40.36% |
| Return on Capital Employed (ROCE) | 23.05% |
| EBITDA Margin | 18.03% |
| Profit After Tax (PAT) Margin | 13.40% |
| Debt to Equity Ratio | 0.71 |
| Earnings Per Share (EPS) | ₹8.07 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.24% |
| Net Asset Value (NAV) Per Share | ₹39.89 |
| Price to Book Value (P/BV) | 0.63 |
Retaggio Industries IPO Review
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Retaggio Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Gretex Corporate Services Limited
Company Address
Retaggio Industries Limited
Unit-204, Options Primo,
Plot No.X-2, Next to Akruti Software Park,
Andheri E, Mumbai 400093,
Phone: 022-66913355
Email: [email protected]
Website: http://www.retaggioindustries.com/
FAQs – Retaggio Industries IPO
When does the Retaggio Industries IPO open and close?
The IPO opens for subscription on March 27, 2025, and closes on April 2, 2025.
What is the issue price and lot size of Retaggio Industries IPO?
The IPO price is set at ₹25 per share, and the minimum lot size is 6,000 shares.
Where will Retaggio Industries IPO be listed?
The IPO is scheduled to be listed on BSE SME with a tentative listing date of April 7, 2025.
Who are the promoters of Retaggio Industries?
The company’s promoters are Mr. Savinay Lodha, Ms. Nidhi Lodha, and M/s. Retaggio Trading Services LLP.
How is the financial performance of Retaggio Industries?
For FY 2022-23, the company reported a revenue of ₹23.07 crore and a net profit of ₹3.09 crore.