Retaggio Industries IPO Details
Retaggio Industries is launching its SME IPO on the BSE platform, with a subscription window open from March 27, 2025, to April 1, 2025. The IPO follows a fixed price issue format, with shares priced at ₹25 each, carrying a face value of ₹10 per share. Investors must bid in lots of 6,000 shares. The company plans to issue 61,98,000 fresh shares, aggregating up to ₹15.50 crore, thereby increasing its total shareholding from 93,68,160 shares pre-issue to 1,55,66,160 shares post-issue. The listing date is yet to be announced.
Retaggio Industries IPO Important Date
Retaggio Industries’ SME IPO will open for subscription on March 27, 2025, and close on April 1, 2025. The tentative allotment of shares is scheduled for April 2, 2025, followed by the initiation of refunds and the credit of shares to demat accounts on April 3, 2025. The IPO is expected to be listed on the BSE SME platform on April 4, 2025. Investors using the UPI payment method must confirm their mandate by 5 PM on April 1, 2025, to ensure a successful application.
Retaggio Industries IPO Reservation
Retaggio Industries’ IPO has a balanced share reservation structure, with 50% of the net issue allocated to retail investors and the remaining 50% designated for other investor categories. This allocation ensures equitable distribution and provides retail investors with an opportunity to participate in the offering on an equal footing with institutional and high-net-worth investors.
Retaggio Industries IPO Lot Size
Retaggio Industries IPO has a fixed lot size of 6,000 shares, with investors required to bid in multiples of this lot. Retail investors can apply for a minimum and maximum of one lot (6,000 shares) at an investment of ₹1,50,000. High Net-Worth Individuals (HNIs) must bid for at least two lots (12,000 shares), amounting to ₹3,00,000 or more. This structured lot size ensures accessibility for retail investors while maintaining higher entry requirements for HNIs.
Retaggio Industries Promoter Holdings
Retaggio Industries IPO filing reveals that the company’s promoters—Mr. Savinay Lodha, Ms. Nidhi Lodha, and M/s. Retaggio Trading Services LLP—hold an overwhelming 99.99% of the shares before the issue. This indicates a highly concentrated ownership structure, where almost all shares are controlled by the promoters. Such a high pre-issue holding suggests strong promoter influence and control over the company’s strategic direction. Investors analyzing this IPO may consider how much stake the promoters will retain post-issue and its potential impact on corporate governance and decision-making.
About Retaggio Industries
Retaggio Industries Limited, established in 2022, specializes in crafting jewelry, including necklaces, bangles, rings, and other ornamental pieces. With a strong presence in the B2B market, the company is recognized for its premium, heritage-inspired designs that showcase superior craftsmanship. Originally operating as M/s Vaibhav Gems since 2012, the business was expanded by Mr. Savinay Lodha, who formally incorporated Retaggio Industries Limited by acquiring M/s Vaibhav Gems through a Business Transfer Agreement. The firm boasts an in-house design team that prioritizes customer preferences, conducts thorough market research, and offers a diverse product selection. Committed to professionalism and trust, the company strives to provide long-lasting value. As of December 27, 2023, it employed 16 individuals.
Retaggio Industries Financial
Retaggio Industries Limited has demonstrated significant financial growth over the past year. As of March 31, 2023, the company’s total assets surged to ₹27.37 crore from a mere ₹0.05 crore in the previous year, highlighting substantial business expansion. Revenue also saw a strong increase, reaching ₹23.07 crore. The company turned profitable with a Profit After Tax of ₹3.09 crore, a remarkable turnaround from a loss of ₹0.01 crore in the prior year.
Net worth experienced an exponential rise to ₹15.27 crore, supported by reserves and surplus of ₹5.9 crore, compared to negative figures in the previous year. Total borrowing stood at ₹10.89 crore, indicating leveraged growth. Additionally, the company’s IPO market capitalization was recorded at ₹38.92 crore as of March 31, 2023. These financial indicators reflect a significant transformation and a positive outlook for Retaggio Industries.
Retaggio Industries IPO Objectives
The key objectives of Retaggio Industries IPO involve utilizing the net proceeds for three main purposes. First, ₹1.92 crore will be allocated for the repayment or prepayment of certain debt facilities to enhance financial stability. Second, ₹41.25 crore is earmarked for working capital requirements, ensuring smooth operations and business growth. Lastly, a portion of the funds will be used for general corporate purposes, covering administrative expenses, business expansion, and other strategic needs.
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Retaggio Industries IPO Registrar
The IPO registrar for Retaggio Industries Limited is Bigshare Services Pvt Ltd, a firm responsible for managing the IPO process, including application handling, allotment, and investor queries. Investors can contact Bigshare Services for any IPO-related assistance through their phone number +91-22-6263 8200 or via email at ipo@bigshareonline.com. Additionally, investors can track their IPO application status on the registrar’s official website: Bigshare IPO Status.
Disclaimer: This content is intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.