Retaggio Industries is a jewellery manufacturing company with extensive experience catering to the B2B segment. Specializing in gold, diamond, precious stones, and bullion, the company is a significant player in the jewellery sector. Their expertise lies in creating a wide range of jewellery products, including fancy jewellery and coins, offering high-quality products to the market.

Retaggio Industries IPO Details
Retaggio Industries is launching a Fixed Price Issue amounting to ₹ 15.50 Crores, consisting entirely of a fresh issue of 61.98 Lakh shares. The IPO subscription period opens on March 27, 2025, and closes on April 02, 2025. The allotment is expected to be finalized by Thursday, April 03, 2025, with the tentative listing date set for Monday, April 07, 2025, on the BSE SME.

The IPO is priced at ₹ 25 per equity share. At this price, the market capitalization of Retaggio Industries will be ₹ 38.91 Crores. Retail investors are required to invest a minimum of ₹ 1,50,000 (6,000 shares), while High-Net-Worth Individuals (HNIs) are required to invest a minimum of ₹ 3,00,000 (12,000 shares).

Lead Manager and Registrar Details
GRETEX CORPORATE SERVICES LIMITED is the book running lead manager for the IPO, while BIGSHARE SERVICES PRIVATE LIMITED will act as the registrar. Gretex Share Broking Limited is the market maker for the IPO.

Retaggio Industries IPO Grey Market Premium (GMP)
As of now, the Grey Market Premium for the Retaggio Industries IPO stands at ₹ 0. This indicates no significant trading activity in the grey market, and no price discovery can be made ahead of the listing. The GMP reflects unorganized trading and should be treated with caution, as it does not provide a reliable indication of future performance.

Retaggio Industries IPO Live Subscription Status
As of 12:00 PM on April 01, 2025, the live subscription status of the Retaggio Industries IPO shows that it has been subscribed 1.04 times on its third day of subscription. This is a positive sign for the company, reflecting investor interest.

Day Wise IPO GMP Trend
Here’s a snapshot of the IPO GMP trend so far:

• 25 March 2025: IPO Price ₹ 25, Expected Listing Price ₹ 25, GMP ₹ 0 (0.00%) – Last Updated: 11:00 AM; 25 Mar 2025.

Retaggio Industries IPO Allotment Date and Process
The IPO allotment date for Retaggio Industries is set for April 03, 2025. Investors can check their allotment status by following these simple steps:

1. Navigate to the IPO allotment status page.

2. Select "Retaggio Industries Limited IPO" from the dropdown.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view your allotment status.

Objectives of the Retaggio Industries IPO
Retaggio Industries aims to utilize the net proceeds of the IPO for the following purposes:

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

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

Financial Overview and Performance
Retaggio Industries has shown a steady growth trajectory in its financial performance. The revenues from operations for the fiscal year 2024 (as of September 30, 2024) were ₹ 902.89 Lakhs, showing a decline from ₹ 2,327.83 Lakhs in 2023. The EBITDA figures are ₹ 158.12 Lakhs for FY24, down from ₹ 518.35 Lakhs in FY23, while the profit after tax for FY24 stands at ₹ 81.13 Lakhs, down from ₹ 334.11 Lakhs in FY23.

Despite these fluctuations, the company's financials indicate steady growth, with an increase in profitability over the past few years. The pre-issue EPS for FY24 is ₹ 3.57, with a post-issue EPS of ₹ 2.15. The pre-issue P/E ratio stands at 7.00x, and the post-issue P/E ratio is 11.65x, suggesting the IPO is priced reasonably in comparison to industry standards.

Investment Perspective and Recommendation
Based on Retaggio Industries' financial performance and valuation metrics, the IPO is considered fairly priced. However, the company's growth trajectory, along with its relatively low GMP, suggests limited listing gains in the short term. The long-term investment potential should be assessed carefully, as jewellery manufacturing is a highly competitive and cyclical industry.

Given the current market conditions and the company’s financial health, we recommend caution. Investors seeking immediate listing gains may want to reconsider, while those with a long-term horizon should evaluate Retaggio Industries based on its future growth strategies.

Conclusion
The Retaggio Industries IPO presents an opportunity to invest in a jewellery manufacturing company with a solid presence in the B2B segment. However, considering the current grey market trends and the financial performance, investors should proceed cautiously, keeping in mind the potential for limited listing gains.

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

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