Retaggio Industries IPO: The initial public offer (IPO) of Retaggio Industries, which opened for subscription on Thursday, March 27, was subscribed only 31% at the end of the first day of the book-building process.
In the grey market, too, the demand for Retaggio Industries shares was absent as the stock traded at par with its IPO price.
Retaggio Industries IPO Subscription
At the end of the first day, Retaggio Industries IPO was subscribed 0.31 times. The retail portion was booked 0.53 times, while the non-institutional buyers’ portion was subscribed 0.09 times.
Retaggio Industries IPO Details
Here are key things to know about Retaggio Industries IPO:
Retaggio Industries IPO Date: The issue opened on March 27 and will close for subscription on April 2.
Retaggio Industries IPO Size: The company is looking to raise ₹15.50 crore via the initial share sale.
Retaggio Industries IPO Structure: Retaggio Industries IPO is entirely a fresh issue of 61.98 lakh shares.
Retaggio Industries IPO Price: The SME issue is a fixed price issue of ₹25 per share.
Retaggio Industries IPO Lot Size: For retail investors, the minimum lot size is 6,000 shares. This means the minimum investment requirement is ₹1,50,000.
Retaggio Industries IPO Objective: The company plans to use the funds raised for repayment and prepayment of certain debt facilities and to meet the working capital requirements.
Retaggio Industries IPO GMP: Currently, the grey market premium or GMP for Retaggio Industries IPO is NIL. This means the stock could list at ₹25, at par to the issue price.
Retaggio Industries IPO Listing: Retaggio Industries IPO is slated to list on BSE SME, tentatively on Monday, April 7.
Retaggio Industries IPO BRLM: Gretex Corporate Services Limited is the book-running lead manager of the Retaggio Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
About Retaggio Industries: Retaggio Industries is engaged in the manufacturing of jewellery such as necklaces, bracelets, earrings and other pieces. The company was incorporated in 2022 and has extensive experience in the B2B sector. It offers high-end, heritage pieces known for exceptional craftsmanship and unique designs.
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