Retaggio Industries IPO: A Comprehensive Analysis
Delving into the details of the Retaggio Industries IPO, exploring its potential and risks for investors.
Introduction
The Initial Public Offering (IPO) of Retaggio Industries Limited has opened, presenting a new opportunity for investors. This blog post offers a detailed analysis of the IPO, covering essential aspects to help you make an informed decision. From company details and financial performance to IPO specifics and expert recommendations, we've got you covered.
What Does Retaggio Industries Do?
Retaggio Industries Limited, incorporated in 2022, specializes in the manufacturing of jewelry. Their product range includes:
- Necklaces
- Bracelets
- Earrings
- Other decorative pieces
The company focuses on high-end, heritage pieces known for their craftsmanship and unique designs, primarily operating in the B2B sector.
IPO Details
Here's a breakdown of the Retaggio Industries IPO:
- IPO Date: March 27, 2025 to April 2, 2025
- Listing Date (Tentative): April 7, 2025
- Face Value: ₹10 per share
- Issue Price: ₹25 per share
- Lot Size: 6,000 Shares
- Total Issue Size: 61,98,000 shares (aggregating up to ₹15.50 Cr)
- Fresh Issue: 61,98,000 shares (aggregating up to ₹15.50 Cr)
- Issue Type: Fixed Price Issue IPO
- Listing At: BSE SME
IPO Timeline
Subscription Details
The IPO has allocated shares to different investor categories as follows:
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Market Maker | 5,64,000 | 9.1% |
| Non-Institutional Investors (NII) | 28,17,000 | 45.45% |
| Retail Investors (RII) | 28,17,000 | 45.45% |
| Total | 61,98,000 | 100% |
Lot Size Details
Investors can bid for a minimum of 6000 shares. Here's the investment required for retail and HNI investors:
| Investor Type | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min/Max) | 1 | 6,000 | 1,50,000 |
| HNI (Min) | 2 | 12,000 | 3,00,000 |
Company Valuation
Key Performance Indicators (KPI) as of March 31, 2024:
| KPI | Value |
|---|---|
| ROE | 19.74% |
| ROCE | 17.04% |
| Debt/Equity | 0.61 |
| RoNW | 17.99% |
| PAT Margin | 14.35% |
| Price to Book Value | 0.63 |
Company Financials
Here's a snapshot of Retaggio Industries Limited's financial performance (Amount in ₹ Crore):
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 35.99 | 33.46 | 27.37 | 0.05 |
| Revenue | 9.03 | 23.28 | 23.07 | - |
| Profit After Tax | 0.81 | 3.34 | 3.09 | -0.01 |
| Net Worth | 19.39 | 18.58 | 15.27 | 0.04 |
| Total Borrowing | 11.39 | 11.4 | 10.89 | - |
Promoter Holding
The promoters of the company are Mr. Savinay Lodha, Ms. Nidhi Lodha, and M/s. Retaggio Trading Services LLP. Here's the shareholding pattern:
- Share Holding Pre Issue: 99.99%
- Share Holding Post Issue: 60.18%
IPO Issue Objective
The company intends to utilize the net proceeds from the issue for the following:
- Repayment/Prepayment of Certain Debt Facilities
- Working Capital Requirements
Company Contact Details
Retaggio Industries Limited
Unit-204, Options Primo,
Plot No.X-2, Next to Akruti Software Park,
Andheri E, Mumbai 400093
Phone: 022-66913355
Email: info@retaggioindustries.com
Website: http://www.retaggioindustries.com/
Registrar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Conclusion
The Retaggio Industries IPO presents both opportunities and risks. While the company has shown financial growth and has a strong promoter holding, potential investors should consider the aggressively priced issue and competitive industry. A thorough review of the company's prospectus and financial statements is advisable before making an investment decision. Always consult with a financial advisor to ensure the investment aligns with your risk tolerance and financial goals.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions. Investment in IPOs is subject to market risks. Carefully read the offer document before investing.