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Retaggio Industries IPO
Retaggio Industries Ltd
₹1,50,000 /6000 sharesMinimum investment
IPO listing details
Listed on
7 Apr '25
Issue price
₹25.00
Listing price
₹25.10
Listing gains
₹0.10 (0.40%)
Exchange
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IPO details
Minimum investment
₹1,50,000
Price range
₹25 - ₹25
Lot size
6,000
Issue size
15.50 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers0.00x
Non-Institutional Investor1.36x
Retail Individual Investor2.53x
Total1.77x
As of 02 Apr'25, 05:00 PM
Schedule
27 Mar 2025
IPO open date
2 Apr 2025
IPO close date
3 Apr 2025
Allotment date
3 Apr 2025
Funds unblock or debit
7 Apr 2025
Tentative listing date
About
Founded in
2022
MD/CEO
Mr. Savinay Lodha
Parent organisation
Retaggio Industries Ltd
Retaggio Industries Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company offers a wide range of jewellery products catering to various customer segments. From traditional to contemporary designs, Retaggio's offerings include gold, diamonds, precious stones, and customised jewellery.
Retaggio Industries claims to have a dedicated in-house design team that continuously customises jewellery to meet customers' specific requirements.
The company claims to emphasise strict quality control measures and timely delivery of products. It claims to have developed an internal procedure to ensure that each product is checked at every stage – from customer order to final delivery.
The company claims to continually work towards recognising market trends and consumer preferences.
Retaggio claims to have implemented a business process that ensures timely order fulfilment. The company claims to strive for greater cost efficiency at its existing unit.
The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Jewellery is generally considered a luxury item, and demand is heavily influenced by discretionary consumer spending. Any adverse economic conditions, such as inflation or a downturn in consumer confidence, could cause a decline and impact the company's revenue and profitability.
The procurement of essential raw materials like gold, silver, diamonds, and other precious stones is crucial to Retaggio’s operations. Any fluctuations in the cost or supply of these materials, including increases in prices or supply disruptions, could impact production costs and reduce profit margins.
Retaggio is subject to regulatory conditions, such as RBI guidelines for gold imports, which may further complicate material procurement.
As a newly incorporated public limited company in 2022, Retaggio Industries has a limited operational history. The company’s ability to grow and generate consistent profits is uncertain, and it may face challenges managing its growth effectively.
A significant portion of Retaggio’s revenue comes from Maharashtra. It contributed 73.72% and 78.95% to the company’s revenue for the period ended on October 31, 2023 and FY23 respectively. This heavy concentration of business at a single location is a red flag for investors.
The company’s operations, including its supply chain, are exposed to fluctuations in currency exchange rates and general economic conditions. Any adverse changes in the macroeconomic environment, such as inflation or interest rate hikes, could impact the company’s financial health and profitability.
The company experienced negative cash flow from operating activities amounting to Rs 21.89 crore and Rs 0.05 crore in FY23 and FY22 respectively. It also experienced negative cash flow from investing activities amounting to Rs 4.84 crore and Rs 0.72 crore in the period ended October 31, 2023, and FY23 respectively. Any inability to control cash outflows in the future can negatively impact the business and financial position of the company.
As of October 31, 2023, the company had outstanding financial indebtedness of Rs 11.71 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Application details
For Retaggio Industries IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹25 - ₹25 | ₹2 - ₹5 Lakhs | 6000 |
| High Networth Individual | ₹25 - ₹25 | ₹2 - ₹5 Lakhs | 6000 |