Retina Paints Limited, established in 2010, specializes in the manufacturing of an array of Decorative Paints, including Distempers, Wall Care Products, Primers, Emulsions, and more. These high-quality water-based paints find applications in both residential and commercial buildings. To enhance operational efficiency, the company recently introduced innovative tinting machines. These machines consist of multiple colorant reservoirs holding various colors, along with cleaning fluid supply conduits and dispenser heads for accurately dispensing colorants into paint containers.
Operating on a Business-to-Business (B2B) model, Retina Paints Limited sells its products to dealers and distributors, who, in turn, distribute the paints to end customers. The company maintains a strong focus on expanding its presence across different regions of the country, with aspirations to establish a nationwide reach.
By offering a wide range of Decorative Paints and adopting advanced tinting technology, Retina Paints Limited aims to cater to the diverse needs of the market and become a significant player in the paint industry.
Retina Paints Ltd Stock Quote #
- Open: ₹47.40
- High – Low: ₹47.40 – ₹43.00
- Previous Close: ₹45.00
- Total Traded Value: 32,000
- 52 Weeks High: ₹55.80 (May 19, 2023)
- 52 Weeks Low: ₹28.00 (May 03, 2023)
- Updated On: Jul 21, 2023 4:00 PM
IPO Details #
| IPO Date | Apr 19, 2023 to Apr 24, 2023 |
| Listing Date | May 3, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,700,000 shares (aggregating up to ₹11.10 Cr) |
| Fresh Issue | 3,700,000 shares (aggregating up to ₹11.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 188,000 shares Gretex Share Broking |
Retina Paints IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 188,000 (4.84%) |
| Other Shares Offered | 1,850,000 (47.58%) |
| Retail Shares Offered | 1,850,000 (47.58%) |
| Total Shares Offered | 3,888,000 (100%) |
Retina Paints IPO Timetable (Tentative) #
Retina Paints IPO opens on Apr 19, 2023, and closes on Apr 24, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 19 April 2023 |
| Closing Date | Monday, 24 April 2023 |
| Basis of Allotment | Thursday, 27 April 2023 |
| Initiation of Refunds | Friday, 28 April 2023 |
| Credit of Shares to Demat | Tuesday, 2 May 2023 |
| Listing Date | Wednesday, 3 May 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Apr 24, 2023 |
Retina Paints IPO Lot Size #
The Retina Paints IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Retina Paints IPO Promoter Holding #
Mr. Rakesh Dommati and Ms. Rajitha Koyyada are the promoters of the company.
| Pre Issue Share Holding | 80.70% |
| Post Issue Share Holding | 59.28% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 670.34 | 681.44 | 4.67 | 90.86 | 18.86 | 319.10 |
| 31-Mar-21 | 986.71 | 685.99 | 4.55 | 95.41 | 23.41 | 614.11 |
| 31-Mar-22 | 1,162.77 | 647.24 | 11.33 | 219.74 | 34.74 | 588.01 |
| 30-Nov-22 | 2,074.77 | 533.88 | 39.99 | 1,240.73 | 728.73 | 433.44 |
| Amount in ₹ Lakhs | ||||||
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 IPO Subscription Status (Bidding Detail) #
The Retina Paints IPO is subscribed 8.29 times on Apr 24, 2023 7:02:00 PM. The public issue subscribed 10.41 times in the retail category, times in the QIB category, and 6.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 6.10 |
| Retail | 10.41 |
| Total | 8.29 |
Total Application : 5,148 (11.12 times)
Retina Paints IPO Prospectus #
- Retina Paints IPO DRHP
- Retina Paints IPO RHP
Retina Paints IPO Listing Details #
| Listing Date | May 3, 2023 |
| BSE Script Code | 543902 |
| NSE Symbol | |
| ISIN | INE0NTC01019 |
| Final Issue Price | ₹30 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹29.05 |
| ₹28.00 |
| ₹30.50 |
| ₹30.50 |
Company Contact Information
Block No 2, Floors 2 & 3, Survey No. 184 & 185,
Opp Ganesh Kaman, Phase V, IDA, Cherlapally,
Hyderabad – 500051, Rangareddi
Phone: 7330641515
Email: info@retinapaints.com
Website: http://www.retinapaints.com/
Retina Paints IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Retina Paints IPO Lead Manager(s) #
Frequently Asked Questions #
What is the business of Retina Paints Limited? #
Retina Paints Limited is engaged in the manufacturing of decorative paints, including distempers, wall care products, primers, emulsions, etc. These products are sold to various distributors and dealers, who then sell them to end customers.
When is the IPO date for Retina Paints IPO? #
The Retina Paints IPO was open for subscription from April 19, 2023, to April 24, 2023.
What is the total issue size and listing date of Retina Paints IPO? #
The total issue size of Retina Paints IPO is 3,700,000 shares, aggregating up to ₹11.10 crores. The listing date for Retina Paints IPO is May 3, 2023.
What is the IPO price and lot size for Retina Paints IPO? #
The IPO price for Retina Paints IPO was fixed at ₹30 per equity share. The lot size for the IPO is 4,000 shares.
What are the competitive strengths of Retina Paints Limited? #
The information provided does not contain specific details about the competitive strengths of Retina Paints Limited.
What are the financial performance indicators of Retina Paints Limited? #
The provided information does not include specific financial performance indicators for Retina Paints Limited.
Please note that the information provided in the FAQs is based on the data available as of April 24, 2023. For the latest updates and detailed information, please refer to the official sources and the prospectus of Retina Paints IPO.
