Retaggio Industries is a jewellery manufacturing company specializing in gold, diamond, precious stone jewellery, and bullion products. It has a strong B2B presence and is led by Savinay Lodha and Nidhi Lodha, who have over a decade of experience in the gems and jewellery sector.

Retaggio Industries IPO Details

• Issue Size: ₹ 15.50 crore

• Shares Offered: 61.98 lakh (Fresh Issue)

• IPO Price: ₹ 25 per equity share

• Market Capitalization (at IPO Price): ₹ 38.91 crore

• Lot Size: 6,000 shares

• Retail Investment Minimum: ₹ 1,50,000

• HNI Minimum Investment: ₹ 3,00,000 (2 lots)

• Subscription Period: March 27, 2025 – April 02, 2025

• Allotment Date: April 03, 2025

• Listing Date: April 07, 2025

• Exchange: BSE SME

IPO Subscription Status (Final Day - April 02, 2025, 7:00 PM)

The IPO was subscribed 1.78 times across all categories.

Grey Market Premium (GMP) & Expected Listing Price

• GMP: ₹ 0 (No premium)

• Expected Listing Price: ₹ 25 (At IPO price)

GMP suggests neutral investor sentiment, indicating no immediate listing gains.

Financial Performance

Revenue & Profit Trends

The company has shown steady revenue growth, but profits remain modest.

Key Financial Ratios (FY24 Pre-Issue & Post-Issue)

• EPS: ₹ 3.57 (Pre-Issue), ₹ 2.15 (Post-Issue)

• P/E Ratio: 7.00x (Pre-Issue), 11.65x (Post-Issue)

• ROCE: 17.04%

• ROE: 19.74%

The IPO valuation appears fair, but low GMP signals limited market excitement.

Retaggio Industries IPO Investment Review

Pros:

✅ Established B2B Jewellery Manufacturer
✅ Steady Revenue Growth in recent years
✅ Decent ROE & ROCE Metrics

Cons:

❌ Low Investor Demand (1.78x Subscription)
❌ No GMP Listing Gains Expected
❌ SME IPOs are generally illiquid & riskier

Investment Verdict: Avoid for Listing Gains

Given the low GMP, modest financials, and SME listing risks, the IPO may not be ideal for short-term gains. Long-term investors should analyze growth potential before investing.

Disclaimer: This article is for informational purposes only. Please consult a financial advisor before making investment decisions.

The Upcoming IPOs in this week and coming weeks are Aten Papers & Foam.

 The Closed IPOs are  Infonative Solutions Limited, Spinaroo Commercial Limited,Retaggio Industries Limited.