Retaggio Industries IPO opens today: Price band, GMP, and key details to know
Retaggio Industries' Rs 16 crore SME IPO will be available for subscription from March 27 to April 2 with shares priced at Rs 25 each. The IPO proceeds will be allocated for debt repayment and working capital needs, with shares expected to be list...
By ETMarkets.com |
ETMarkets.com
The Rs 16 crore SME IPO of Retaggio Industries is set to open for subscription from March 27 to April 2. The company is offering 61.98 lakh fresh equity shares, which will be listed on the BSE SME platform.
Retaggio Industries IPO Price Band
The shares are priced at Rs 25 per share. Investors can apply for lots of 6,000 shares. The IPO allocation is structured with 50% reserved for retail investors and the rest 50% for non-institutional investors.
Check GMP of Retaggio Industries IPO
The Grey Market Premium (GMP) of Retaggio Industries IPO is currently zero in the unlisted market. Many SME IPOs launched this year have also witnessed nil GMPs before their official launch.
Use of IPO Proceeds
The proceeds from the IPO will be used primarily for the repayment of debt and to meet the company’s working capital requirements. A portion of the funds will also be allocated for general corporate purposes.
Key Dates: Allotment and Listing
The allotment of shares will be finalized on April 3. The company’s shares are expected to be listed on the stock exchange on April 7.
About Retaggio Industries
Retaggio Industries was established in 2022 and specializes in the manufacturing of jewelry, including necklaces, bracelets, earrings, and other decorative pieces. The company has extensive experience in the B2B jewelry sector and is known for creating high-end, heritage pieces that reflect exceptional craftsmanship and unique designs.
The company operates with an in-house design team that focuses on market analysis, customer preferences, and an extensive product range to cater to evolving industry trends.
IPO Lead Manager and Registrar
Gretex Corporate Services is acting as the book-running lead manager for the IPO, while Bigshare Services is the registrar for the issue.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Retaggio Industries IPO Price Band
The shares are priced at Rs 25 per share. Investors can apply for lots of 6,000 shares. The IPO allocation is structured with 50% reserved for retail investors and the rest 50% for non-institutional investors.
Check GMP of Retaggio Industries IPO
The Grey Market Premium (GMP) of Retaggio Industries IPO is currently zero in the unlisted market. Many SME IPOs launched this year have also witnessed nil GMPs before their official launch.
Use of IPO Proceeds
The proceeds from the IPO will be used primarily for the repayment of debt and to meet the company’s working capital requirements. A portion of the funds will also be allocated for general corporate purposes.
ADVERTISEMENT
Key Dates: Allotment and Listing
The allotment of shares will be finalized on April 3. The company’s shares are expected to be listed on the stock exchange on April 7.
About Retaggio Industries
Retaggio Industries was established in 2022 and specializes in the manufacturing of jewelry, including necklaces, bracelets, earrings, and other decorative pieces. The company has extensive experience in the B2B jewelry sector and is known for creating high-end, heritage pieces that reflect exceptional craftsmanship and unique designs.
The company operates with an in-house design team that focuses on market analysis, customer preferences, and an extensive product range to cater to evolving industry trends.
ADVERTISEMENT
IPO Lead Manager and Registrar
Gretex Corporate Services is acting as the book-running lead manager for the IPO, while Bigshare Services is the registrar for the issue.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
ADVERTISEMENT
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
