Retina Paints Limited
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Retina Paints Limited's successfully completed its Initial Public Offering and commenced trading on May 03, 2023 at the BSE exchange. The company raised 37,00,000 Shares through this public offering, comprising 37,00,000 Shares in fresh capital.
The IPO was priced within the band of ₹30 to ₹30, with minimum application lots of 4000 shares. The offering attracted significant investor interest during its subscription period from Apr 19, 2023 to Apr 24, 2023.
Share allotment was finalized on Apr 29, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2010, Retina Paints Limited manufactures decorative paints, including distempers, wall care products, primers, and emulsions, catering to both residential and commercial buildings. The company recently introduced tinting machines to enhance operational efficiency, featuring multiple colorant reservoirs and dispenser heads for precise paint mixing. Operating on a B2B model, Retina Paints sells its products to dealers and distributors, who then supply them to end customers, while aiming to expand its presence across India and potentially nationwide.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Rakesh Dommati
- Ms. Rajitha Koyyada
Retina Paints Limited
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