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Retaggio Industries IPO
Retaggio Industries Ltd
₹1,50,000 /6000 sharesMinimum Investment
Retaggio Industries IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹25.00 | ₹25.10 | ₹0.10 (0.40%) |
Retaggio Industries IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 27 Mar ‘25 - 2 Apr ‘25 | ₹1,50,000 | 6,000 | ₹25 - ₹25 |
| Issue Size | IPO Doc |
|---|---|
| 15.50Cr | RHP PDF |
Subscription rate
As of 02 Apr'25, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 1.36x |
| Retail Individual Investor | 2.53x |
| Total | 1.77x |
About Retaggio Industries
Founded in
2022
Managing director
Mr. Savinay Lodha
Parent organisation
Retaggio Industries Ltd
Strengths & Financials of Retaggio Industries
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.
Retaggio Industries Financials
*All values are in Rs. Cr
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Application Details of Retaggio Industries IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹25 - 25 | ₹2 - 5 Lakh |
| High Networth Individual | ₹25 - 25 | ₹2 - 5 Lakh |
For Retaggio Industries IPO, eligible investors can apply as Regular.