Retaggio Industries Limited is coming up with an IPO with a fresh issue of 61,98,000 shares worth INR 15.50 crores. The company aims to fund the working capital requirements, repay the existing borrowings and meet general corporate purposes. 

Retaggio Industries IPO – Important Dates

Retaggio Industries Limited IPO – Company Profile

Retaggio Industries is a Jewellery manufacturing company with a strong presence and experience in catering to the B2B segment of the industry. They specialise 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.  

The company is promoted by Mr. Savinay Lodha and Ms. Nidhi Lodha who are the guiding forces behind all the strategic decisions of the Company. Their industry knowledge and understanding also give the company a key competitive advantage, enabling them to expand their geographical and customer presence in existing and target markets while exploring new growth avenues. 

Retaggio Industries Ltd IPO Fundamental Analysis 

• Revenue Trend: The revenue increased from ₹1,443.94 lakhs in March 2022 to ₹ 2,306.59 lakhs in March 2024. The revenue for the current year’s 7-month period ending October 2023 is INR 1,668.88 lakh. 
• Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. The debt-equity ratio has reduced, showing financial stability.
• Profitability: The profit after tax (PAT) increased from ₹51.14 lakh in March 2022 to ₹308.99 lakh in March 2023, boosting investor confidence. The profit for the period ending October 2023 is ₹ 223.13 lakh. 
• Earnings per Share (EPS): The diluted EPS stood at ₹8.07 in March 2023, and for the period ending October 2023 is ₹2.38. 
• Return on Net Worth (RoNW): The return on net worth stood at 20.04 in March 2023, and for the period ending October 2023 is ₹ 12.76.  
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

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Retaggio Industries IPO Financial Analysis

Retaggio Industries Limited IPO Peer Comparison

Retaggio Industries Limited reports revenue of ₹2,306.59 lakh, EPS of ₹8.07, and RoNW of 20.24%. It outperforms peers in profitability and NAV but lacks a P/E ratio for valuation comparison against Eighty and Khazanchi Jewellers.

Retaggio Industries Ltd IPO Objective

The main objective of Retaggio Industries IPO is to utilise INR 1.90 crores from Net Proceeds to repay borrowings, INR 11.50 crores for working capital, and the remaining for general corporate purposes.

1. Repay borrowings of the company: The company plans to repay either in full or part of the existing borrowings. The company plans to utilise INR 1.90 crores from Net Proceeds for the said purpose.
2. Funding working capital requirements: The business of the company is working capital intensive. The company intends to utilise INR 11.50 crores from Net Proceeds to meet its working capital requirement.

3. General Corporate Purpose: The company will deploy the remaining amount for general corporate purposes, including strategic initiatives, partnerships, acquisitions, branding, marketing, facility upgrades, client referrals, and other business needs.

Retaggio Industries IPO Risks And Challenges

Retaggio Industries company faces risks from declining demand, competition from organised and unorganised players, and reduced discretionary spending on luxury items, which may impact its business operations and financial condition.

1. Demand for the products may decrease due to changes in consumer preferences and fashion habits, which could have a material adverse effect on the business.

2. The company faces competition in the business from organised and unorganised players, which may adversely affect the business operation and financial condition.

3. Jewellery is often perceived as a luxury purchase. Any factor negatively impacting discretionary spending by consumers may adversely affect the business.

Retaggio Industries Ltd IPO – Industry & Market Potential

In the coming years, growth in the gems and jewellery sector would largely be contributed by the development of large retailers/brands. Established brands are guiding the organised market and are opening opportunities to grow. Increasing penetration of organised players provides variety in terms of products and designs. Online sales are expected to account for 1–2% of the fine jewellery segment by 2021–22. Also, the relaxation of restrictions on gold import is likely to provide a fillip to the industry. 

The demand for jewellery is expected to be significantly supported by the recent positive developments in the industry. India’s gems and jewellery industry is expected to reach US$ 100 billion by 2027.

Retaggio Industries Limited IPO – Type of Offer

Retaggio Industries Limited is launching an IPO with a fresh issue of 61,98,000 shares, aggregating to INR 15.50 crores, to fund working capital needs, repay borrowings, and meet general corporate purposes.

Retaggio Industries IPO Offer Size

The offer size of Retaggio Industries Limited’s IPO is INR 15.50 crores through a fresh issue of 61,98,000 shares to fund working capital needs, repay borrowings, and meet general corporate purposes.

Retaggio Industries Limited IPO Allotment Structure

Retaggio Industries Limited’s allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 3,15,600 shares for Market Makers. 

• Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

• Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs. 
• Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 3,15,600 shares for this purpose. 

 How to apply for the Retaggio Industries IPO?

To apply for the Retaggio Industries Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Retaggio Industries Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Retaggio Industries Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Retaggio Industries IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Retaggio Industries Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Retaggio Industries Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the Retaggio Industries Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Retaggio Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange’s (BSE) Small Medium Exchange (SME) Platform. You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Retaggio Industries Ltd IPO Offer Registrar

The registrar for the Retaggio Industries Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

BIGSHARE SERVICES PRIVATE LIMITED 

Office No. S6-2, 6th floor, Pinnacle Business Park,

Next to Ahura Centre, Mahakali Caves Road (East)

Andheri, Mumbai – 400 093, Maharashtra, India.

Email: ipo@bigshareonline.com 

Website: www.bigshareonline.com

 Retaggio Industries IPO – FAQs