Retaggio Industries Ltd IPO
Open Demat Account
Retaggio Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 61.98 L | TBA | ₹ 28.17 L | ₹ 93.67 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Mar, 25 | 02 Apr, 25 | 6000 | TBA | Fixed Price - SME | 07 Apr, 25 |
Retaggio Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Diamond Cutting |
| Sub Sector | Jewellery |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 1.36x | 2817000 | 3822000 |
| Retail | 2.57x | 2817000 | 7236000 |
| Employee | 0x | 0 | 0 |
| Total | 1.78x | 6198000 | 11058000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Retaggio Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 4.12 | 3.75 | -0.01 |
| EBITDA | 4.20 | 3.77 | -0.01 |
| PAT | 3.34 | 3.09 | -0.01 |
| Total Assets | 27.94 | 26.67 | 0.05 |
| Share Capital | 9.37 | 9.37 | 0.05 |
| Total Borrowings | 13.30 | 12.79 | 0.00 |
| Operating Activities (Net Cash) | 3.42 | 3.11 | -0.01 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 13.30 | 12.79 | 0.00 |
| Net Cashflow | 0.54 | 0.01 | 0.00 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Retaggio Industries Ltd
The Company was incorporated as a Public Limited Company on January 07, 2022 as Retaggio Industries Limited vide Registration No. 374614 and Certificate of Incorporation dated January 17, 2022 under the provisions of the Companies Act, 2013 issued by the Registrar of Companies, Central Registration Centre. Subsequently, The Company acquired the running business on a going concern basis with the assets and liabilities of M/s Vaibhav Gems, sole proprietorship concern of its promoter Mr. Savinay Lodha vide Business Transfer Agreement dated November 21, 2022. The Corporate Identification Number of the company is U36990MH2022PLC374614.
India's gems and jewellery market size was at US$ 78.50 billion in FY21. Growth in exports is mainly due to revived import demand in the export market of the US and the fulfilment of orders received by numerous Indian exhibitors during the Virtual Buyer-Seller Meets (VBSMs) conducted by GJEPC. In FY24, India's gems and jewellery exports were at US$ 22.27 billion, a 14.94% decline compared to the previous year's period. Exports of gems & jewellery at stood at US$ 2.54 billion in September 2024.
The Company is a jewellery manufacturing company with a strong presence and experience in catering to B2B segment of the industry. The Company specializes in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars. Jewellery manufacturing is the process of designing and creating jewellery, including necklaces, bracelets, earrings, and other types of decorative pieces jewellery manufacturing is a skilled trade that requires experience, attention to detail, and creativity. Mass-produced vis often made using automated processes, while custom-made jewellery is crafted by hand and may take longer to produce. The quality of the final product is largely dependent on the skills of the manufacturer, and it is passionate about crafting beautiful, high-quality jewellery that tells a unique story. Right from the initial design phase to the final product, every step of the manufacturing process is carefully planned and executed to create pieces that are both stunning and durable.
Peer Comparison:
- Eighty Jewellers Ltd
- Khazanchi Jewellers Ltd
Retaggio Industries Ltd IPO Key Points
Strengths
- Experienced Promoter and management team with proven execution capabilities.
- Quality control.
- Customization as per Customer Needs.
- Pan India Customer Base.
Risk
- There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
- Demand for its products may decrease due to changes in consumer preferences and fashion habits, which could have a material adverse effect on its business, results of operations, and financial condition.
- Jewellery and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect its business, results of operations, financial condition and prospects.
Strategy
- Enhancing Operating Effectiveness & efficiency.
- Consistently meeting the purity and quality.
- To reap the benefit by enhancing manufacturing capacities.
- Maintain its focus to strengthen customer relationship.
- Increase Brand awareness.
- Experienced Promoter and management team with proven execution capabilities.
- Quality control.
- Customization as per Customer Needs.
- Pan India Customer Base.
How To Apply for Retaggio Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
