Retaggio Industries came to market through an SME IPO that opened on 27 March 2025 and closed on 2 April 2025, and the shares listed on 7 April 2025 on BSE SME. The price band was ₹25 per share and one lot was 6000 shares, so the minimum application was ₹1,50,000. The issue size was ₹15.5 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Gretex Corporate Services Limited was the lead manager.
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Founded in 2022, Retaggio Industries Limited is involved in the manufacturing of jewelry items, ranging from necklaces, bracelets, earrings to other decorative ornaments. As a jewellery manufacturing company with long years of experience in the B2B arena, it deals in high-end, heritage jewellery pieces known for outclass craftsmanship and out-of-the-box designs.The company started off as M/s Vaibhav Gems in 2012. In 2022, Mr.
Savinay Lodha diversified the business by forming Retaggio Industries Limited, taking over M/s Vaibhav Gems under a Business Transfer Agreement. The company possesses an in-house design team dedicated to customer requirements, market research, and providing a broad array of products. Its professionalism and dedication are directed towards establishing trust and providing enduring value. Products includes : Rings, Bangles, Earrings, Necklaces. As of December 27, 2023, the company maintains 16 payroll employees.
As described in the offer document.
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s. Retaggio Trading Services LLP. Promoter holding 99.99% before the issue and 65.18% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Retaggio Industries IPO was a ₹15.5 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹25 per share with a lot size of 6,000 shares (₹1,50,000). The IPO was open from March 27 to April 2, 2025. Shares listed on BSE SME on April 7, 2025 at ₹25.10, in line with the issue price of ₹25. Bigshare Services Pvt Ltd is the registrar. Gretex Corporate Services Limited is the book running lead manager.
The issue price of Retaggio Industries IPO is ₹25 per share (fixed price).
The lot size of Retaggio Industries IPO is 6000 shares.
The minimum investment for Retaggio Industries IPO is approximately ₹1,50,000 based on the issue price.
The allotment date of Retaggio Industries IPO is Apr 3, 2025.
You can check Retaggio Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Retaggio Industries IPO allotment status on Rupix for quick and easy access.
₹25 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 6000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,50,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,50,000, for one lot of 6000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 27 March 2025 and closed on 2 April 2025.
The basis of allotment was published on 3 April 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 7 April 2025 on BSE SME.
The issue size was ₹15.5 crore. The fresh issue was 61,98,000 shares (aggregating up to ₹15.5 crore).