return to news
  1. Retaggio Industries IPO subscribed 59% so far on day 2; check strengths, risks and key dates

Market News

Retaggio Industries IPO subscribed 59% so far on day 2; check strengths, risks and key dates

Upstox

2 min read | Updated on March 28, 2025, 08:39 IST

Twitter Page
Linkedin Page
Whatsapp Page

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

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 part reserved for retail individual investors has been subscribed 77%, while non-institutional investors (NIIs) booked their portion 41%, according to Chittorgarh.
The ₹15.50 crore Retaggio Industries IPO, which is fixed at ₹25 per share, is a fresh issuance of nearly 62 lakh shares. There is no offer-for-sale (OFS) component.

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.

Retaggio Industries IPO: Allotment and listing date

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.

About Retaggio Industries

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.

Retaggio Industries IPO: Strengths

  • The company has an in-house designer who can design as per the clients' needs.
  • It has a wide range of product offerings to meet the needs of diverse customer segments, from high-end to value market customised jewellery.
  • Retaggio Industries has an experienced promoter and management team.

Retaggio Industries IPO: Risks

  • There are certain legal proceedings involving the firm, promoters, and directors.
  • Jewellery purchases are typically perceived as high-value. Any factor negatively impacting customers' discretionary spending may affect business and financial conditions.
  • Non-availability or high cost of quality gold bullion, diamonds, and silver can affect business and financial conditions.
To learn more about IPOs, their listing, schedules, and upcoming IPOs, visit our page.
Upstox

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story