Retaggio Industries Ltd. is set to launch its initial public offering on Thursday, Mar. 27. The company, involved in the business of jewellery manufacturing aims to raise Rs 15.5 crore through the public offer of shares. Those looking to invest in this BSE SME IPO must check out these key details, including the offer size, minimum investment and the company’s financials before making an investment decision.
Retaggio Industries IPO: Key Details
The Retaggio Industries IPO is a fixed price issue of Rs 15.50 crore comprising a fresh issuance of 61.98 lakh shares offered at Rs 25 apiece.
Retail investors can bid in the IPO with a minimum lot size of 6,000 shares, requiring an investment of Rs 1.5 lakh.
The subscription window for the Retaggio Industries IPO will remain open between Mar. 27 and Apr. 2. Share allotment in the SME issue is proposed to be finalised on Apr. 3.
Credit of shares into the demat account of successful bidders will be done on Apr. 4. Initiation of refunds for the non-allottees will also be formalised on the same day.
Shares of Retaggio Industries are proposed to be listed on the BSE SME platform on Apr. 7.
Gretex Corporate Services Ltd. is the book-running lead manager for Retaggio Industries IPO, whereas Bigshare Services Pvt Ltd is the registrar.
Gretex Share Broking Pvt. is the market maker for the SME IPO.
Retaggio Industries IPO GMP Today
The grey market premium (GMP) for the Retaggio Industries IPO stood at Rs 0 on Mar. 27, indicating a possibly flat listing. According to InvestorGain, if the current GMP trends are sustained till the date of listing, shares of Retaggio Industries are likely to make their market debut at the issue price of Rs 25.
However, the GMP trends may see a change when the issue opens for subscription.
Note: GMP does not represent official data and is based on speculation.
Retaggio Industries: Business and Financials
Retaggio Industries Ltd. manufactures jewellery, including necklaces, bracelets, earrings, and other decorative pieces. The company primarily operates in the B2B segment.
Use of Proceeds
Retaggio Industries Ltd. has proposed to use the net proceeds from the IPO to settle debts and fund its working capital requirements.
Financials
Retaggio Industries Ltd.’s revenue remained nearly flat at Rs 23.28 crore in FY24 in comaprison to Rs 23.07 crore in the year ago period. In contrast, company’s profit after tax (PAT) increased by 8% year-on-year to Rs 3.34 crore in FY24 from Rs 3.09 crore in the previous year. During the first half of FY25, Retaggio Industries posted a revenue of Rs 9.03 crore and PAT of Rs 81.13 lakh.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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