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Industrials
The highly anticipated Retaggio Industries IPO has opened its doors for public subscription as of March 27, 2025, offering investors a chance to invest in a promising jewelry manufacturing company. This IPO is a significant event in the Small and Medium-Sized Enterprises (SME) category, aiming to raise ₹15.50 crore through a fresh issue of equity shares. In this article, we will delve into the price band, grey market premium (GMP), and key details that investors should be aware of before making their investment decisions.
Retaggio Industries Limited, established in 2022, specializes in the manufacturing of high-end jewelry products. It operates predominantly in the B2B segment, providing a wide range of gold jewelry, diamond jewelry, precious stones, and other decorative pieces like necklaces, bracelets, earrings, and bullion in the form of coins and bars. The company prides itself on its in-house design team, which focuses on customer preferences, market analysis, and product development to deliver unique, heritage-inspired pieces.
For those interested in the IPO, here are the key dates to keep in mind:
| Event | Date | |-----------|----------| | Opening Date | March 27, 2025 | | Closing Date | April 2, 2025 | | Allotment Date | April 3, 2025 | | Refund Initiation | April 4, 2025 | | Listing Date | April 7, 2025 |
The proceeds from this IPO will be utilized for the following purposes:
As of now, the GMP for Retaggio Industries IPO is reported to be nil in the unlisted market. This indicates no additional premium over the issue price, which is common for many SME IPOs before their official listing.
The promoters of Retaggio Industries include Mr. Savinay Lodha, Ms. Nidhi Lodha, and M/s. Retaggio Trading Services LLP. Post-issue, the promoters' holding is expected to be around 60.18%.
For FY 2022-23, Retaggio Industries reported a total income of ₹23.06 crore with a net profit of ₹3.09 crore. The earnings per share (EPS) stood at ₹8.07, demonstrating a return on net worth (RoNW) of 20.24%. The book value of the share as of October 31, 2023, was ₹18.66.
The jewelry manufacturing industry continues to thrive, driven by consumer demand for high-quality, unique, and heritage-inspired pieces. Retaggio Industries, with its focus on craftsmanship and design, is well-positioned to leverage these trends.
The Retaggio Industries IPO offers a compelling opportunity for investors to participate in the growth of a company specializing in high-end jewelry products. With its strong B2B presence and commitment to quality, Retaggio Industries is poised to make a significant impact in the industry. As always, investors should conduct their own research and consider market conditions before investing.
