Retaggio Industries is a well-established jewellery manufacturing company catering to the B2B segment of the industry. Specializing in gold jewellery, diamond jewellery, precious stones, and other fancy jewellery products such as coins and bars, the company has a strong track record in serving diverse clientele. The IPO, amounting to ₹ 15.50 Crores, is a fixed price issue consisting entirely of fresh issues of 61.98 Lakh shares.

IPO Subscription Details

• Subscription Period: March 27, 2025 to April 01, 2025

• Price Band: ₹ 25 per share

• Market Capitalization: ₹ 38.91 Crores at the issue price of ₹ 25

• Lot Size: 6,000 shares

• Retail Investment: Minimum ₹ 1,50,000 for retail investors

• HNI Investment: Minimum ₹ 3,00,000 for High-Net-Worth Individuals (HNIs)

The IPO's allotment date is scheduled for April 02, 2025, with shares expected to list on the BSE SME platform by April 04, 2025.

IPO Grey Market Premium (GMP) Status

As of the latest update, the Grey Market Premium (GMP) for Retaggio Industries IPO stands at ₹ 0, indicating no significant expectation of listing gains at the moment. The GMP reflects the unorganized demand for the IPO in the grey market, but it is not a reliable indicator for pricing, as it is influenced by demand and supply in an unregulated environment. It’s important to approach this data for informational purposes only and to avoid relying on it for investment decisions.

Subscription Progress

As of March 28, 2025, 07:00 PM, the Retaggio Industries IPO has been subscribed 0.87 times on its second day of the subscription period, showing moderate interest from investors. You can check the live subscription status at BSE for real-time updates.

Allotment and IPO Details

The IPO allotment status will be available on the registrar’s website on April 02, 2025. To check the allotment status, investors will need to visit the website and provide their application number, PAN, or DP Client ID. This step-by-step guide will allow investors to check their status quickly and proceed accordingly.

Use of IPO Proceeds

The company plans to utilize the funds raised through the IPO for:

1. ₹ 208.00 Lakhs for repayment or prepayment of certain debt facilities.

2. ₹ 3,488.48 Lakhs for working capital requirements.

Financial Performance Overview

Retaggio Industries has shown a steady growth in its financial performance, with significant improvement in revenues, EBITDA, and PAT. The revenue from operations for the year ending September 30, 2024, amounted to ₹ 902.89 Lakhs. The Profit After Tax (PAT) for the same period stood at ₹ 81.13 Lakhs.

For FY24, the pre-issue EPS is ₹ 3.57, and the post-issue EPS is ₹ 2.15. The P/E ratio is relatively low at 7.00x pre-issue, indicating that the IPO is priced affordably based on earnings potential.

Investment Recommendation

Given Retaggio Industries’ strong foothold in the B2B jewellery market and its consistent growth, the IPO is relatively fairly priced. However, the GMP of ₹ 0 suggests there may be no immediate listing gains, and the financial metrics point toward steady but not spectacular growth potential. Therefore, based on the financial performance and market conditions, we recommend that investors avoid this IPO for listing gains but consider it cautiously for long-term investment.

Conclusion

The Retaggio Industries IPO is designed to raise funds for debt repayment and working capital. Investors should carefully evaluate their options, taking into account the company’s steady financial performance and fair pricing. While there is no expectation of listing gains based on current GMP trends, long-term investors with a focus on the jewellery manufacturing sector may find value in the company's steady growth trajectory.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited.

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