Retaggio Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹25
Per ShareLot Size
6000 Shares
Minimum Investment
₹1,50,000
Issue Size
₹15.5 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Retaggio Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
60.18%
Issue Type
Fixed Price - SME
ISIN
INE0KWJ01014
About the Company
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.
Industry Overview
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.
Company History
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.
Products & Services
- The Company is a Jewellery manufacturing company with a strong presence and experience in catering to B2B segment of the industry.
Growth 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.
- Building-up as a Professional Organisation.
- Continue to attract and retain talent.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of 61,98,000 equity shares of face value of Rs. 10.00 each ("Equity Shares") of Retaggio Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. 25.00 per equity share including a share premium of Rs. 15.00 per equity share (the "Issue Price") aggregating Rs. 15.50 crores ("The Issue") of which 5,64,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 25.00 per equity share including a share premium of Rs. 15.00 per equity share aggregating to Rs. 1.41 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 56,34,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 25.00 per equity share including a share premium of Rs. 15.00 per equity share aggregating to Rs. 14.09 crores (the "Net Issue"). The issue and the net issue will constitute 39.82% and 36.19 % respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10.00 and the issue price is 2.5 times of the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoter and management team with proven execution capabilities.
- Quality control.
- Customization as per Customer Needs.
- Pan India Customer Base.
- 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.
- The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semiprecious stones may have an adverse effect on its business, results of operations and financial condition.
- Fluctuation in prices, non-availability or high cost of quality of gold, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.