Retaggio Industries share price: Stock lists at 0.4% premium on BSE SME

The stock debuted at ₹25.10 per share, reflecting a premium of 0.40% over the issue price of ₹25 apiece.

As the minimum bid size for retail individual investors was 6,000 shares, successful bidders managed listing gains of a mere ₹600 per lot.

Retaggio Industries IPO was subscribed 1.86 times during the bidding period from March 27 to April 2. The retail investors led the demand by subscribing their portion 2.57 times, while the non-institutional investors (NIIs) part was booked 1.16 times.

Retaggio Industries IPO: All you need to know

• The ₹15.5 crore Retaggio Industries IPO was solely a fresh issuance of close to 62 lakh shares. There was no offer-for-sale (OFS) component.
• The money generated will be used for working capital requirements and clearing debt.
• The price of the fixed-price issue was set at ₹25 per equity share, and a lot consisted of 6,000 shares, needing a ₹150,000 investment.
• The book-running lead manager of the public offer was Gretex Corporate Services Ltd, while Bigshare Services Pvt Ltd was the registrar.

Retaggio Industries, a leading jewellery maker, deals in gold, diamonds, precious stones, and bullion.

For the first six-month period of the financial year 2024-25 (6M FY25), the company posted a post-tax profit of ₹81 lakh. In the same period, the revenue from operations was ₹9.03 crore.

The net profit was ₹3.34 crore in FY24 as against ₹3.09 crore in FY23. Its revenue in the fiscal year 2023-24 stood at ₹23.28 crore, compared to ₹23.07 crore in the previous year.