Retaggio Industries Makes Tepid Debut, Stock Opens at ₹25.10 on BSE SME

Muted Debut 📊: Retaggio Industries shares opened at ₹25.10, slightly up by 0.40% from the issue price of ₹25.
IPO Subscription 📝: The IPO was oversubscribed 1.86 times, with shares priced at ₹25 each.
Proceeds Use 💰: The company plans to utilize the IPO funds for debt repayment and working capital needs.
Company Background 🏢: Founded in 2022, Retaggio Industries specializes in high-end jewelry like necklaces, bracelets, and earrings, catering primarily to the B2B market.
Business Roots 🌱: The firm was originally known as M/s Vaibhav Gems, founded in 2012, before being rebranded as Retaggio Industries in 2022 by Mr. Savinay Lodha.
Design Expertise 🎨: Retaggio’s in-house design team focuses on creating unique, high-quality jewelry, emphasizing craftsmanship and customer satisfaction.

Despite a solid subscription, the stock made a conservative debut on the BSE SME platform.