Retaggio Industries IPO opens for subscription: Check price band, objectives, lot size, and key dates

Retaggio Industries IPO: Jewellery manufacturer Retaggio Industries' initial public offer (IPO) hit Dalal Street on Thursday, March 27. The ₹15.5 crore issue is a completely fresh issuance of 61.98 lakh shares. There is no offer-for-sale component.

The initial share sale, which is a fixed price issue at ₹25 per equity share, will conclude on April 2.

The company intends to use the money raised for repayment of certain debt facilities and working capital requirements. Additionally, the company expects to receive benefits from listing on the stock exchange, which will enhance the brand's visibility among existing and potential customers.

Retaggio Industries IPO allotment status will be finalised on April 3, while the listing on BSE SME will take place on April 7.

Retaggio Industries IPO: Lot size

Retail investors can submit bids for at least 6,000 shares worth ₹1,50,000. For high-net-worth individuals, the minimum investment amount is ₹3,00,000.

Half of the net issue has been reserved for retail investors and the remaining 50% for other investor categories.

Gretex Corporate Services Ltd is the lone book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.

Retaggio Industries is a jewellery manufacturing firm and caters to business-to-business segment of the industry. It specialises in production and sale of jewellery products such as gold jewellery, precious stones, diamond jewellery and other fancy jewellery and bullion in form of coins and bars.

Promoters Nidhi Lodha, Savinay Lodha, and Retaggio Trading Services LLP hold a 99.99% stake in the company, which will be reduced to 60.18% post-issue.

In the financial year 2023-24, the company's revenue from operations increased 0.91% to ₹23.28 crore as compared to ₹23.07 crore in the previous fiscal.

Post-tax profit increased 8% to ₹3.34 crore in FY24, compared to ₹3.09 crore in FY23.

For the six months ended September 2024, revenue and net profit stood at ₹9.03 crore and ₹81 lakh, respectively.