Retina Paints Limited IPO Details – Retina Paints IPO price is fixed. The opening date of Retina Paints Limited IPO is 19 Apr 2023 and the closing date is 24 April 2023.
The company is going to raise ₹11.10 Cr through IPO and the issue type is Fixed Price Issue type.
The Face Value of Retina Paints IPO is Rs 10/share.
The reservation sequence is QIB & NII= 50% and RII= 50%.
Table of Content
About Retina Paints Limited
- Established in 2010.
- Retina Paints Limited is a manufacturer of decorative paints such as distempers, wall care products, primers, emulsions, etc. These products are sold to various distributors after manufacturing.
- The water-based paints produced by the company are suitable for use in both residential and commercial buildings. Recently, the company introduced tinting machines to improve efficiency. These machines contain several colorant reservoirs, cleaning fluid supply conduits, and dispenser heads for dispensing colorants into paint containers.
- Retina Paints Limited follows a B2B business model and sells its products to dealers and distributors, who then sell them to end customers.
- The company aims to expand its presence and reach all regions of the country, and potentially expand its operations throughout the country.
Retina Paints Limited IPO Review
For Long Term:- Financials are good, you can think about this.
For Listing Gain:- Check GMP before applying
Retina Paints IPO GMP Today
Retina Paints IPO GMP is ₹3.
| Date | GMP (%Gain/loss) | Subject Rate |
|---|---|---|
| 17 Apr 2023 | ₹3 (10%) | – |
| 16 Apr 2023 | ₹2 (6.67%) | – |
| 15 Apr 2023 | ₹2 (6.67%) | – |
| 14 Apr 2023 | ₹2 (6.67%) | – |
Also Read: Income Tax in Stock Market 2022
Retina Paints Limited IPO Financial Report ₹(in cr)
| Year | Assets | PAT | Revenue |
|---|---|---|---|
| Mar-20 | 6.70 | 0.046 | 6.81 |
| Mar-21 | 9.86 | 0.045 | 6.85 |
| Mar-22 | 11.62 | 0.11 | 6.47 |
| Nov-22 | 20.74 | 0.39 | 5.33 |
Retina Paints Limited IPO Date & Details
It is a Fixed Price Issue type IPO and it will list on BSE as well as on SME.
| IPO Open Date | 19 Apr 2023 |
| IPO Close Date | 24 Apr 2023 |
| Lot Size | 4000 Shares |
| Issue Size | ₹11.10 cr ( 3,700,000 Shares) |
| Issue Type | Fixed Price |
| Fresh Issue | ₹11.10 cr ( 3,700,000 Shares) |
| Offer For sale | ₹ Cr ( Shares) |
| Face Value | ₹10/Equity Share |
| Price Band | ₹30 /Share |
| List On | BSE & SME |
| DRHP | Click Here |
| GMP | Click Here |
Objective
The main objective of Retina Paints Limited is to raise funds are:
- Working Capital Requirements
- General Corporate Purposes
Retina Paints Limited IPO Market Lot Size
Minimum and Maximum Lot Size For Retail Investors are:
| Minimum Lot Size | 1 Lot, 4000 Shares |
| Minimum Amount | ₹120,000 |
| Maximum Lot Size | 1 Lot, 4000 Shares |
| Maximum Amount | ₹120,000 |
Click Here to Check the Upcoming IPO of 2022
Retina Paints Limited IPO Dates
| IPO Open Date | 19 Apr 2023 |
| IPO Close Date | 24 Apr 2023 |
| Allotment Date | 27 Apr 2023 |
| Refund Date | 28 Apr 2023 |
| Credit To Demat Account | 02 May 2023 |
| Listing Date | 03 May 2023 |
Retina Paints Limited Company Promoters
- Mr. Rakesh Dommati
- Ms. Rajitha Koyyada
Retina Paints Limited Peer’s
- Asian Paints
- Berger Paints
- Indigo Paints
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Address
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 Limited FAQ
What is Retina Paints IPO Price?
The Price of Retina Paints IPO cutoff price is ₹30 per share.
What is Retina Paints IPO Date?
The Retina Paints IPO opens on 19 Apr 2023 and closes on 24 Apr 2023.
What is Retina Paints IPO issue size?
The IPO Size of Retina Paints IPO is ₹ 11.10cr and issuing 3,700,000 Eq Shares.
What is Retina Paints IPO allotment Date?
The Allotment date of Retina Paints IPO is 27 Apr 2023.
What is Retina Paints Limited’s Listing Date?
The listing date of Retina Paints IPO is 03 May 2023 and the IPO will list on SME and BSE.
How to Apply for Retina Paints IPO through Zerodha?
1. Log in to the Zerodha Kite application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Retina Paints ”. Click on Bid Button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply for Retina Paints IPO through Upstox App?
1. Log in to the Upstox application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Retina Paints”. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply for Retina Paints IPO through Groww App?
1. Log in to the Groww application on your mobile.
2. Now you can see IPOs and Click on IPO.
3. You will see the IPO Name “Retina Paints”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to approve the payment process.
How to Apply for Retina Paints IPO through Paytm Money App?
1. Log in to the Paytm Money application on your mobile.
2. Now you can see Invest in IPOs Section and Click on IPO.
3. You will see the IPO Name “Retina Paints”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
Conclusion:- I hope this article is helpful for you if you have any queries regarding IPO and upcoming IPO you can comment down below.