Retina Paints Limited IPO Detail
Incorporated in 2010, 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.
Company Promoters
Mr. Rakesh Dommati and Ms. Rajitha KoyyadaIPO Details
| IPO Opening Date | Apr 19, 2023 |
| IPO Closing Date | Apr 24, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.10 Cr |
| Fresh Issue | ₹11.10 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.74x | 0.21x | 0.98x | |
| Day 2 | - | - | 2.13x | 1.00x | 1.56x | |
| Day 3 | - | - | 2.34x | 2.22x | 2.31x | |
| Day 4 | - | - | 6.10x | 10.41x | 8.29x |
IPO Tentative Timetable
The Retina Paints Limited IPO open date is Apr 19, 2023, and the close date is Apr 24, 2023. The issue may list on May 03, 2023.
| IPO Open Date | Apr 19, 2023 |
| IPO Close Date | Apr 24, 2023 |
| Basis of Allotment Date | Apr 27, 2023 |
| Initiation of Refunds | Apr 28, 2023 |
| Credit of Shares to Demat Account | May 02, 2023 |
| IPO Listing Date | May 03, 2023 |
IPO Lot Size
The Retina Paints Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120000 |
| Maximum | 1 | 4000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 80.70% |
| Post Issue Share Holding | 59.28% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 670.34 | 681.44 | 4.67 |
| 31-Mar-21 | 986.71 | 685.99 | 4.55 |
| 31-Mar-22 | 1,162.77 | 647.24 | 11.33 |
| 30-Nov-22 | 2,074.77 | 533.88 | 39.99 |
Objects of the Issue:
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- Working Capital Requirements
- General Corporate Purposes.
Retina Paints Limited IPO Registrar:
Bigshare Services Pvt Ltd
Retina Paints Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd
Company Contact Information:
Retina Paints Limited
Block No 2, Floors 2 & 3, Survey No. 184 & 185,
Opp Ganesh Kaman, Phase V, IDA, Cherlapally,
Hyderabad - 500051, Rangareddi
