Is Retaggio Industries Ltd IPO Halal or Haram? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether Retaggio Industries Ltd IPO meets Shariah Screening guidelines or not.
Is Retaggio Industries Ltd IPO Halal or Not?
The Retaggio Industries Ltd IPO is considered halal and Shariah-compliant as it has passed all required Shariah Screening Standard. Since the company meets both the business and financial screening standards, it is suitable for halal investment. (Allah Knows the Best)
Refer to Retaggio Industries IPO RHP for detailed information.
Shariah Compliance Screening of Retaggio Industries Ltd IPO
For an IPO or Stocks to be considered Halal, it must pass all the Shariah screening criteria, which include:
| Criteria | Value | Status |
| Business Activity | Jewellery Manufacture | ✅ PASS |
| Impermissible Income to Total Revenue | 0.0% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 31.64% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 46.17% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Also Read : Identixweb Limited IPO: Halal or Not? Date, Price, Listing Details
Retaggio Industries Ltd IPO Price Details
| IPO Date | March 27, 2025 to April 02, 2025 |
| Expected Listing Date | Mon, April 07, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Total Issue Size | 61,98,000 shares(aggregating up to ₹15.50 Cr) |
| Fresh Issue | 61,98,000 shares(aggregating up to ₹15.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Pre-Issue Shareholding | 93,68,160 shares |
| Post-Issue Shareholding | 1,55,66,160 shares |
| Market Maker Portion | 5,64,000 shares |
Business Overview – Retaggio Industries Ltd
Incorporated in 2022, Retaggio Industries Limited is a leading jewelry manufacturer specializing in necklaces, bracelets, earrings, rings, and bangles. With extensive experience in the B2B sector, the company is known for exceptional craftsmanship, unique designs, and high-end heritage pieces.
Originally established as M/s Vaibhav Gems in 2012, the business was expanded by Mr. Savinay Lodha and rebranded as Retaggio Industries Limited through a Business Transfer Agreement. The company boasts an in-house design team that focuses on market trends and customer needs, ensuring a diverse product range with superior quality and timely delivery.
With a skilled management team, customer-centric approach, and progressive work culture, Retaggio Industries is committed to delivering excellence and long-term value in the jewelry industry.
Retaggio Industries Ltd IPO Timeline
| IPO Opening Date | Thu, Mar 27, 2025 |
| IPO Closing Date | Wed, Apr 02, 2025 |
| Expected Allotment Date | Thur, Apr 03, 2025 |
| Refund Initiation | Fri, Apr 4, 2025 |
| Shares Credited to Demat | Fri, Apr 4, 2025 |
| Expected Listing Date | Mon, Apr 07, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on April 02, 2025 |
Retaggio Industries Ltd Financial Information (Restated)
| Category | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | ₹35.99 Cr | ₹33.46 Cr | ₹27.37 Cr | ₹0.05 Cr |
| Revenue | ₹9.03 Cr | ₹23.28 Cr | ₹23.07 Cr | |
| Profit After Tax | ₹0.81 Cr | ₹3.34 Cr | ₹3.09 Cr | -₹0.01 Cr |
| Net Worth | ₹19.39 Cr | ₹18.58 Cr | ₹15.27 Cr | ₹0.04 Cr |
| Reserves & Surplus | ₹10.02 Cr | ₹9.21 Cr | ₹5.9 Cr | -₹0.01 Cr |
| Total Borrowing | ₹11.39 Cr | ₹11.4 Cr | ₹10.89 Cr |
Conclusion
The Retaggio Industries Ltd IPO appeared to be halal and Shariah compliant based on the Shariah screening Standard and the most recent financial report.
However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
Disclaimer : The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.
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