Latest IPO in India: Retaggio Industries Ltd IPO – Positive Outlook with ₹15.50 Cr Issue
The latest IPO in India, Retaggio Industries Ltd, has opened for public subscription, aiming to raise ₹15.50 crore through its SME IPO. Specializing in jewelry manufacturing, the company is offering an entirely fresh issue of 6.19 million equity shares at a fixed price of ₹25 per share.
Company Overview
Incorporated in 2022, Retaggio Industries Ltd focuses on manufacturing and selling a wide range of jewelry, including necklaces, bracelets, earrings, and other fashion accessories. The company serves B2B clients and is known for creating high-end, heritage-inspired designs with an emphasis on quality and craftsmanship.
IPO Timeline
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IPO Open Date: March 27, 2025
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IPO Close Date: April 2, 2025
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Allotment Date: April 3, 2025
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Refund Initiation: April 4, 2025
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Share Credit to Demat: April 4, 2025
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Listing Date: April 7, 2025
Price Band
The IPO price band is fixed at ₹25 per equity share, with a face value of ₹10 each.
Lot Size
Investors can bid for a minimum of 1 lot (6,000 shares), requiring an investment of ₹1,50,000. For High Net-Worth Individuals (HNIs), the minimum application is 2 lots (12,000 shares), totaling ₹3,00,000.
Key Dates
| Event | Date |
|---|---|
| Issue Opens | March 27, 2025 |
| Issue Closes | April 2, 2025 |
| Allotment Finalization | April 3, 2025 |
| Refunds Initiated | April 4, 2025 |
| Shares Credited | April 4, 2025 |
| Listing Date | April 7, 2025 |
Financials
| Metric | Value |
|---|---|
| Revenue (FY23) | ₹23.06 crore |
| Net Profit (FY23) | ₹3.08 crore |
| PAT Margin | 13.40% |
| EBITDA | ₹4.15 crore |
| EBITDA Margin | 18.03% |
Strengths
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Experienced Promoters with deep domain knowledge and long-standing client relationships.
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Wide Product Range in jewelry to cater to multiple customer segments.
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Focus on Quality & Timely Delivery, boosting repeat business.
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Efficient Operations resulting in strong EBITDA margins.
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Strong Infrastructure and skilled workforce enabling scalability.
Risks
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Geographical Dependence on limited operational areas.
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Fluctuations in Raw Material Prices, especially precious metals.
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High Financial Debt may impact profitability.
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Regulatory & Tax Risks including pending income tax obligations.
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Limited Operational History as the company was incorporated in 2022.
IPO Anchor Investors Details
No anchor investors have been disclosed for this SME IPO.
IPO Promoter Holding Details
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Mr. Savinay Lodha | 99.99% | 60.18% |
| Ms. Nidhi Lodha | 99.99% | 60.18% |
| M/s. Retaggio Trading Services LLP | 99.99% | 60.18% |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| March 27, 2025 | 0 | 25 |
Final Thoughts
Retaggio Industries Ltd’s IPO brings a fresh investment option in the high-margin, design-focused jewelry manufacturing space. While the company is relatively new, its strong promoter backing and growing financials offer confidence. However, risks such as operational concentration and material cost fluctuations must be considered. As the latest IPO in India, this SME issue is worth tracking, especially as subscription figures evolve.