Retina Paints Limited is engaged in the manufacturing of Decorative Paints like Distempers, Primers, Wall Care Products, Emulsions, etc and further sell them to different Distributors.
Company’s water- based paints are used for residential and for commercial buildings. Retina Paints has recently introduced tinting machines in their company. 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 works on B2B Business Model, where they sell their products to the dealers and distributors and then they sell to
the end customers. The company has a huge network of Distributors in the markets of Telangana and Andhra Pradesh and Retina Paints also
have presence in Odisha for selling their Product.
Retina Paints IPO – Details
| IPO Opening Date | 19 April 2023 |
| IPO Closing Date | 24 April 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 37,00,000 Shares Worth ₹11.10 Crore Fresh Issue: 37,00,000 Shares Worth ₹11.10 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 |
| Market Lot | 4000 Shares |
| Min Order | 4000 Shares |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Retina Paints IPO – Date Schedule
| IPO Open Date | 19 April 2023 |
| IPO Close Date | 24 April 2023 |
| Basis of Allotment | 27 April 2023 |
| Initiation of Refunds | 28 April 2023 |
| Credit of Shares to Demat Account | 02 May 2023 |
| IPO Listing Date | 03 May 2023 |
Retina Paints IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 4000 | 1,20,000 |
| Retail (Maximum) | 1 | 4000 | 1,20,000 |
| HNI (Minimum) | 2 | 8000 | 2,40,000 |
Competitive Strengths
- Focus on Increase in Volume of Sales.
- Enhance performance of existing business.
- Leveraging the market skills and relationship to serve existing clients.
- Increasing the number of Clients.
- Building-up as on Professional Organisation.
- Continue to attract and retain talent.
- Strategic Acquisition and Alliance Opportunities.
- Established relationship with existing customers.
- Client Focus.
Company Promoters
- Mr. Rakesh Dommati
- Ms. Rajitha Koyyada
Object Of The Issue
- Working Capital Requirements.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 6.81 | 6.70 | 0.04 |
| 31 March 2021 | 6.85 | 6.77 | 0.04 |
| 31 March 2022 | 6.47 | 6.27 | 0.11 |
| 30 November 2022 | 5.33 | 4.74 | 0.39 |
Retina Paints IPO Promoter Holding
| Pre Issue Share Holding | 80.70% |
| Post Issue Share Holding | 59.28% |
Retina Paints IPO Prospectus
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 Phone: 7330641515 Email: info@retinapaints.com Website: http://www.retinapaints.com/ |
Retina Paints IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Retina Paints IPO Lead Manager(s)
| 1. Gretex Corporate Services Pvt Ltd |
Retina Paints IPO FAQs
| What is Retina Paints IPO? Retina Paints IPO is a SME IPO. The issue is priced at ₹30 per equity share. The IPO is to be listed on BSE SME. |
| When Retina Paints IPO will open? The IPO is to open on 19 April 2023 for NII and Retail Investors. |
| What is Retina Paints IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Retina Paints IPO? You can apply Retina Paints IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Retina Paints IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Retina Paints”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Retina Paints IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Retina Paints”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Retina Paints IPO Size? Retina Paints IPO size is ₹11.10 crores. |
| What is Retina Paints IPO Price Band? Retina Paints IPO Price Band is ₹30. |
| What is Retina Paints IPO Minimum and Maximum Lot Size? The minimum bid is 4000 Shares with ₹1,20,000 amount while the maximum bid is 4000 shares with ₹1,20,000. |
| What is the Retina Paints IPO Allotment Date? Retina Paints IPO allotment date is 27 April 2023. |
| What is the Retina Paints IPO Listing Date? Retina Paints IPO listing date is 03 May 2023. The IPO is to list on BSE SME. |
