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Retaggio Industries IPO
Price Band
₹
Issue Size
₹15.5 Cr
Lot Size
6,000 shares
Min Investment
₹150,000
GMP
—
Issue Price
₹25.0
Retaggio Industries IPO AI Summary
- Retaggio Industries IPO is listed on BSE SME.
- Subscription window: 27 Mar–02 Apr 2025, listing on 07 Apr 2025.
Retaggio Industries Limited is a jewelry manufacturer with a focus on high-quality, heritage pieces. With a competitive pricing strategy and a strong management team, the company aims to establish itself in the B2B jewelry market. Investors should consider the company's financial performance, market conditions, and their own risk tolerance before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Retaggio Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 Apr 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Retaggio Industries IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2022, Retaggio Industries Limited is engaged in the manufacturing of jewelry, including necklaces, bracelets, earrings, and other decorative pieces. The company is a jewelry manufacturer with extensive experience in the B2B sector and offers high-end, heritage pieces known for exceptional craftsmanship and unique designs. The company began as M/s Vaibhav Gems in 2012. In 2022, Mr. Savinay Lodha expanded the business by establishing Retaggio Industries Limited, acquiring M/s Vaibhav Gems through a Business Transfer Agreement. The company has an in-house design team focused on customer needs, market analysis, and offering a wide product range. Its professionalism and commitment aim to build trust and deliver lasting value. Products: Rings, Bangles, Earrings, Necklaces. As of March 03, 2025, the company has 15 employees on payroll. Competitive Strengths: Experienced Promoter and management team with proven execution capabilities. Product Quality & Timely Delivery. Needs of Customers. Progressive Employer Wide product range Timely fulfilment of orders
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 35.99 | 33.46 | 27.37 | 0.05 |
| Total Income | 9.03 | 23.28 | 23.07 | |
| Profit After Tax | 0.81 | 3.34 | 3.09 | -0.01 |
| NET Worth | 19.39 | 18.58 | 15.27 | 0.04 |
| Reserves and Surplus | 10.02 | 9.21 | 5.90 | -0.01 |
| Total Borrowing | 11.39 | 11.40 | 10.89 |
Key Ratios
EPS
₹3.57
NAV
₹19.83
ROE
19.74%
ROCE
17.04%
RoNW
17.99%
P/B Value
0.63
P/E Ratio
7.01
Market Cap
₹38.92 Cr
PAT Margin
14.35%
Debt/Equity
0.61
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 75.87 | 7.83% | 49.14 | 5.9 | 5.9 |
| Eighty Jewellers Ltd | 24.82 | 5.93% | 22.17 | 1.43 | 1.43 |
| Retaggio Industries Limited This IPO | 19.83 | 20.24% | 7.01 | 3.57 | 3.57 |
Promoters
Savinay Lodha, Nidhi Lodha and Retaggio Trading Services LLP
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/Prepayment of Certain Debt Facilities 1.90 2 Working Capital Requirements 11.50 3 Issue Expenses 2.10 Total 15.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹23.07 Cr in the period ending 31 Mar 2023, slightly increasing to ₹23.28 Cr by 31 Mar 2024. However, by the latest period ending 30 Sep 2024, total income decreased to ₹9.03 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.09 Cr for the year ending 31 Mar 2023, which rose to ₹3.34 Cr by 31 Mar 2024. In the latest period ending 30 Sep 2024, profit after tax decreased to ₹0.81 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Retaggio Industries Limited's P/E ratio at the issue price is 7.01, compared to peers trading at P/E ratios of 22.17 to 49.14.
Key Risks
The company may face challenges related to market competition, economic fluctuations affecting consumer spending, and reliance on a limited number of customers in the B2B sector.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premium (GMP) indicates the expected listing price compared to the issue price. A positive GMP suggests strong demand, while a negative GMP indicates weak interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. Factors to consider include the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with a long track record may want to avoid this IPO, as it is relatively new and operates in a competitive market.
IPO Timeline, Explained
The IPO opens for subscription on March 27, 2025, and closes on April 2, 2025. Allotment of shares will be on April 3, 2025, with the listing date set for April 7, 2025.
Listing Gains — The Risk
Listing gains can be unpredictable and depend on market conditions, investor sentiment, and the company's performance. It's important to remember that past performance is not indicative of future results.
This evaluation is generated from Retaggio Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Retaggio Industries IPO open and close?
Retaggio Industries IPO opens on 27 March 2025 and closes on 02 April 2025.
When does Retaggio Industries IPO list on the stock exchange?
Retaggio Industries IPO listed on 07 April 2025 at ₹25.0.
What is the lot size for Retaggio Industries IPO?
The lot size for Retaggio Industries IPO is 6000 shares, requiring a minimum investment of ₹150,000.
What is the issue price of Retaggio Industries Limited?
The issue price is ₹25.0 per share.
What is the minimum investment required?
The minimum investment required is ₹150,000.
What is the lot size for this IPO?
The lot size is 6,000 shares.
When does the IPO open and close?
The IPO opens on March 27, 2025, and closes on April 2, 2025.
When will the shares be listed?
The shares are expected to be listed on April 7, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
27 Mar 2025
Close
02 Apr 2025
Allotment
03 Apr 2025
Listing
07 Apr 2025
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