Retina Paints Limited IPO (Retina Paints IPO)

Retina Paints Limited IPO
Upcoming Retina Paints IPO | New Retina Paints IPO

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

Retina Paints IPO – Details

IPO Opening Date19 April 2023
IPO Closing Date24 April 2023
Issue TypeFixed Price Issue IPO
Issue Size37,00,000 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 Lot4000 Shares
Min Order4000 Shares
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Retina Paints IPO – Date Schedule

IPO Open Date19 April 2023
IPO Close Date24 April 2023
Basis of Allotment27 April 2023
Initiation of Refunds28 April 2023
Credit of Shares to Demat Account02 May 2023
IPO Listing Date03 May 2023

Retina Paints IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)140001,20,000
Retail (Maximum)140001,20,000
HNI (Minimum)280002,40,000

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.
Retina Paints IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20206.816.700.04
31 March 20216.856.770.04
31 March 20226.476.270.11
30 November 20225.334.740.39
Amount in ₹ Crore

Retina Paints IPO Promoter Holding

Pre Issue Share Holding80.70%
Post Issue Share Holding59.28%

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

Retina Paints IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Retina Paints IPO Lead Manager(s)

1. Gretex Corporate Services Pvt Ltd

Retina Paints IPO FAQs

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.
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