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2 min read | Updated on March 28, 2025, 08:39 IST
SUMMARY
Retaggio Industries IPO, which is fixed at ₹25 per share, is a fresh issuance of nearly 62 lakh shares worth ₹15.50 crore. There is no offer-for-sale (OFS) component.
Gretex Corporate Services is Retaggio Industries IPO's book-running lead manager. | Image: Pixabay
Retaggio Industries IPO: Jewellery manufacturer Retaggio Industries Ltd has been subscribed 59% until 2:04 pm on Friday, the second day of bidding.
The net fresh issue proceeds will be used for debt repayment and working capital needs.
A lot consists of 6,000 shares, needing an investment of ₹1,50,000. For high-net-worth individuals, the minimum investment is ₹3,00,000.
Gretex Corporate Services Ltd is the issue's book-running lead manager, while Bigshare Services is the registrar.
The basis of allotment is likely to be finalised on Thursday, April 3. Shares will be credited to the Demat account of allottees on April 4, and refunds for unsuccessful investors will be initiated on the same day. The listing on the BSE SME platform will occur on April 7.
Retaggio Industries is a jewellery manufacturing firm, catering to the business-to-business (B2B) segment. It specialises in the production and sale of jewellery products like gold jewellery, diamond jewellery, and precious stones.
The company's promoters, Savinay Lodha, Nidhi Lodha, and Retaggio Trading Services LLP, hold a 99.99% stake, which will be reduced to 60.18% post-issue.
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