Retaggio Industries Limited IPO

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Retaggio Industries Limited is a distinguished jewellery manufacturing company with a strong legacy, specializing in crafting exquisite gold, diamond, and precious stone jewellery, along with bullion products such as coins and bars. With deep-rooted expertise in the B2B jewellery segment, their company is recognized for its exceptional craftsmanship, bespoke designs, and unwavering commitment to quality.

They specialize in the manufacturing and sale of a wide range of jewellery and bullion products:
i. Gold Jewellery (necklaces, rings, bangles, bracelets, earrings, etc.)     ii. Diamond Jewellery
iii. Jewellery with Precious and Semi-Precious Stones                               iv. Designer and Heritage Jewellery
v. Fancy Jewellery                                                                                              vi. Bullion (Coins and Bars)

Their jewellery manufacturing process is a blend of traditional craftsmanship and modern techniques. From conceptual design to finished products, each piece is carefully crafted to reflect elegance, durability, and uniqueness.

Market Presence and Distribution

They have built a Pan India presence, delivering products across key jewellery markets such as Gujarat, Maharashtra, Rajasthan, and Tamil Nadu, primarily through direct B2B orders. Their display center at their registered office enhances client engagement and showcases our design capabilities.

They actively participate in reputed industry exhibitions and are proud members of The Gem & Jewellery Export Promotion Council (GJEPC), further strengthening their industry credibility and market network.

Conclusion

Retaggio Industries Limited stands as a symbol of heritage, quality, and innovation in the Indian jewellery manufacturing landscape. As we continue to evolve, our focus remains on creating timeless pieces that combine traditional artistry with modern elegance — offering our clients unmatched value, aesthetics, and satisfaction.

Objects of the Retaggio Industries Limited IPO:

The Company Retaggio Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: i. Repayment/Prepayment of Certain Debt Facilities. ii. Working Capital Requirements. iii. General Corporate Purposes.

Retaggio Industries Limited IPO Details:

Open Date: Mar 27 2025
Close Date: Apr 01 2025
Total Shares: 61,98,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 15.50 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 25 Per Equity Share
Listing At: BSE SME
Listing Date: Apr 04 2025

Promoters And Management:

Mr. Savinay Lodha, 41, is the founding Promoter and Managing Director of the Company. A B.Com graduate from Mumbai University, he has 10+ years of experience in the jewellery business and oversees overall operations, strategy, and execution. He was appointed MD on October 1, 2022. Ms. Nidhi Lodha, 36, is the Promoter and Non-Executive Director of the Company. A B.Com graduate from MDS University, she has 6+ years of experience in jewellery design. Appointed on incorporation, her role changed to Non-Executive Director on January 6, 2023, and she oversees product design and development. Mr. Noratan Singh Rao, 43, is the Executive Director and CFO of the Company. With 10+ years of experience in the business, he oversees financial planning and stability. He was appointed CFO on September 30, 2022, and has been a director since the company’s incorporation.

Financials of Retaggio Industries Limited IPO:

Particular (In Lakh) 9MFY25 Mar-24 Mar-23
Revenue From Operation 903 2,328 2,306
EBITDA 158 518 416
EBITDA Margin 17.50% 22.27% 18.03%
PAT 81 334 309
PAT Margin 8.99% 14.35% 13.40%
ROCE 5.01% 17.04% 15.84%
CFOA 20 600 -2189

Comparison With Peers:

Name of the Companies Revenue (Cr) EBITDA Margin PAT P/E D/E Mcap (cr)
Retaggio Industries Limited 23 22.27% 3.34 11.6 0.61 39
Eighty Jewellers Limited 81 -13% 1.46 13 0.94 29
Khazanchi Jewellers Limited 821 71% 27 53.4 0.25 1459

Recommendation on Retaggio Industries Limited IPO:

To be updated shortly.

Lead Manager of Retaggio Industries Limited IPO:

  1. Gretex Corporate Services Private Limited

Registrar of Retaggio Industries Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

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/

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