Retaggio Industries IPO: Price, objectives, lot and key dates

Retaggio Industries Limited, a jewellery manufacturer, will launch its IPO on March 27, 2025, giving investors a chance to be part of its growth. The ₹15.5 crores issue consists solely of a fresh issuance of 61.98 lakh shares, with no offer-for-sale component. Investors planning to apply for an IPO online should take note of the key details below.

Retaggio Industries IPO: Key details

1. IPO price: Fixed at ₹25 per share
2. Opening date: March 27, 2025
3. Closing date: April 2, 2025
4. Allotment finalisation: April 3, 2025
5. Listing date: April 7, 2025 (BSE SME)

The company plans to use these funds for repaying debt facilities and meeting working capital needs. Additionally, listing on the stock exchange is expected to enhance its brand visibility among customers and investors.

Lot size and investment details

Retail investors must bid for at least 6,000 shares, with a minimum investment of ₹1,50,000. High-net-worth individuals (HNIs) must invest at least ₹3,00,000. The issue is evenly split, with 50% reserved for retail investors and the remaining for other categories.

Those looking to apply for an IPO online should ensure they meet the minimum investment criteria before submitting their applications. Gretex Corporate Services Ltd is the lead manager, while Bigshare Services Private Limited is the registrar.

Company overview and financials

Retaggio Industries operates in the B2B jewellery sector, specialising in gold, diamond, and precious stone jewellery. The company's FY24 revenue stood at ₹23.28 crores, marking a 0.91% increase from the previous year. Meanwhile, net profit rose 8% to ₹3.34 crores.

For those considering an investment, this IPO offers an opportunity to participate in a growing business. Investors can apply for an IPO online via broker platforms or ASBA (Application Supported by Blocked Amount) services.

Summing up

Retaggio Industries' IPO opens on March 27, 2025, at ₹25 per share, with a minimum lot size of 6,000 shares. The issue closes on April 2, 2025, with allotment finalisation on April 3, 2025, and listing on April 7, 2025. The raised funds will be allocated for debt repayment and working capital. Investors can apply for an IPO online via brokerage firms or ASBA services before the deadline.