Retaggio Industries Limited is a jewellery manufacturing company specializing in gold jewellery, diamond jewellery, precious stones, bullion coins, and bars. The company primarily operates in the B2B jewellery segment, catering to businesses across India.

IPO Details and Subscription Status

Retaggio Industries launched its fixed-price IPO of ₹15.50 crore, consisting of a fresh issue of 61.98 lakh shares. The IPO opened on March 27, 2025, and closed on April 2, 2025.

As of April 2, 2025, at 11:00 AM, the IPO was subscribed 1.34 times, reflecting moderate investor interest. The subscription details are as follows:

• Retail category: Subscribed 1.12 times

• Non-Institutional Investors (HNIs): Subscribed 1.56 times

• Qualified Institutional Buyers (QIBs): No major participation

IPO Price, Lot Size, and Market Capitalisation

• Issue price: ₹25 per share

• Lot size: 6,000 shares

• Retail investment minimum: ₹1,50,000

• HNI investment minimum: ₹3,00,000 (2 lots)

• Post-IPO market capitalisation: ₹38.91 crore

Retaggio Industries IPO GMP Update

The Grey Market Premium (GMP) for Retaggio Industries IPO is ₹0, indicating that there is no expected listing gain at present. GMP depends on demand and supply in the unofficial market and may fluctuate before listing.

Retaggio Industries IPO Allotment and Listing Date

• IPO Allotment Date: April 3, 2025

• Listing Date on BSE SME: April 7, 2025 (Tentative)

How to Check Retaggio Industries IPO Allotment Status

Investors can check their allotment status by following these steps:

1. Visit the registrar's website (Bigshare Services Pvt Ltd) or BSE.

2. Select Retaggio Industries IPO from the list.

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

4. Click Submit to view your allotment status.

Financial Performance of Retaggio Industries

The financials of Retaggio Industries show steady revenue growth over the last few years:

Key Performance Indicators

• Pre-Issue EPS: ₹3.57

• Post-Issue EPS: ₹2.15

• Pre-Issue P/E Ratio: 7.00x

• Post-Issue P/E Ratio: 11.65x

• Return on Capital Employed (ROCE): 17.04%

• Return on Equity (ROE): 19.74%

IPO Objectives

The company plans to utilize IPO proceeds for:

• ₹208.00 lakh for repayment/prepayment of certain debt facilities.

• ₹3,488.48 lakh for working capital requirements.

Should You Invest in Retaggio Industries IPO?

Pros:
✔️ Strong presence in the jewellery manufacturing industry
✔️ Steady revenue growth over the last two years
✔️ Reasonable P/E valuation compared to industry peers

Cons:
❌ GMP remains at ₹0, indicating no premium listing expectations
❌ Low subscription from QIBs
❌ High reliance on working capital for expansion

Expert Recommendation

Given the flat GMP, moderate subscription, and reliance on working capital, experts suggest avoiding the IPO for listing gains. However, long-term investors may consider it based on the company’s growth potential in the jewellery sector.

Conclusion

Retaggio Industries IPO closes today with a 1.34x subscription rate. The listing date is April 7, 2025, on BSE SME. Investors should consider the company's financials, subscription data, and market trends before making an investment decision.

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