Retina Paints Limited IPO

BSE SME

Listed On: May 3, 2023 at ₹ 29.05

₹ 120000 /4000 Shares

Check Allotment

Retina Paints Limited IPO Details

19 Apr, 2023

Open Date

24 Apr, 2023

Close Date

27 Apr, 2023

Allotment Date

03 May, 2023

Listing Date

Issue Price

₹30 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

29.05

Listing Date

2023-05-03

Market Lot

4000 Shares (₹120,000/-)

Lead Manager

Gretex Corporate Services Pvt Ltd

Issue Size

3,700,000 shares(aggregating up to ₹11.10 Cr)

Retail Portion

N/A

Subscription

8.29 times

IPO Docs

DRHP RHP

Retina Paints Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,850,000	1,850,000	3,700,000
Day 1 - 19-04-23 06:00 PM	1.74 x	0.21 x	0.98 x
Day 2 - 20-04-23 06:00 PM	2.13 x	1.00 x	1.56 x
Day 3 - 21-04-23 06:00 PM	2.34 x	2.22 x	2.31 x
Day 4 - 24-04-23 06:00 PM	6.17 x	10.41 x	8.29 x

Retina Paints Limited Valuations

Earnings Per Share (EPS)

₹0.72/-

P/E Ratio

N/A

RoNW

5.16%

Net Asset Value (NAV) - Post Issue

₹14.01/-

Retina Paints Limited Company Financials All values are in ₹ Lakh

	30-Nov-22	31-Mar-22	31-Mar-21	31-Mar-20
Assets	2,074.77	1,162.77	986.71	670.34
Revenue	533.88	647.24	685.99	681.44
Profit After Tax	39.99	11.33	4.55	4.67

About The Company

Retina Paints Limited is engaged in the manufacturing of Decorative Paints like Distempers, Wall Care Products, Primers, Emulsions, etc. After the manufacturing, these products are sold to different Distributors.

Their water-based paints are used for residential as well as commercial buildings. Recently, the company introduced tinting machines to enhance efficiency. The tinting machine comprises a plurality of colorant reservoirs containing a colorant, one or more cleaning fluid supply conduits, and one or more dispenser heads for dispensing colorant into a paint container.

Retina Paints Limited operates on B2B Business Model, where they sell their products to dealers and distributors and thereafter, these dealers sell the products to the end customers.

The company aspires to enlarge its presence and reach all regions of the country and possibly across the country.

Retina Paints Limited - Promoter(s)

Pre Issue Share Holding: 80.70%

Post Issue Share Holding: 59.28%

Company Promoter(s)

Mr. Rakesh Dommati
Ms. Rajitha Koyyada

Retina Paints Limited IPO - Issue Objectives

Working Capital Requirements.
General Corporate Purposes.

Retina Paints Limited IPO - FAQs

Ans. Retina Paints Limited IPO is a SME IPO. The issue is priced at ₹30 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Apr 19, 2023, and closes on Apr 24, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Ans. The Retina Paints Limited IPO opens on Apr 19, 2023 and closes on Apr 24, 2023.

Ans. The size of Retina Paints Limited IPO is 3,700,000 shares(aggregating up to ₹11.10 Cr).

Ans. The IPO price band is set between ₹30 per equity share.

Ans. To apply for Retina Paints Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Retina Paints Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Retina Paints Limited IPO is Apr 27, 2023.

Ans. The Retina Paints Limited IPO will be listed on May 3, 2023.

Ans. Follow the steps to check the allotment status for Retina Paints Limited IPO here.