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Retina Paints Limited Logo

Retina Paints Limited

Apr 19, 2023 – Apr 24, 2023
Listed Price:
₹29.05
(-3.17%)
Price Band₹30 - ₹30
Lot Size4,000 Shares
Allotment DateApr 29, 2023
Listing DateMay 03, 2023
Subscription8.29 Times
Issue Size₹11.10 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹0
(0.00%)

Premium (ELP)

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.

Retina Paints IPO Details
IPO Date
:
Apr 19, 2023 to Apr 24, 2023
Allotment Date
:
Apr 29, 2023
List Date
:
May 03, 2023
Lot Size
:
4,000 share
Issue Price
:
₹30 - ₹30
Issue Size
:
37,00,000 (aggregating up to 11.10 Cr)
Fresh Issue
:
37,00,000 (aggregating up to 11.10 Cr)
Offer For Sale
:
-
Listing At
:
BSE
Share Holding Pre-Issue
:
1,02,40,000
Share Holding Post-Issue
:
1,39,40,000
Market Marker Portion
:
1,88,000
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
Lot(s) Distribution

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.

IPO Reservation
Shares37,00,000
Market Maker
5.08%(1,88,000)
NII (HNI)
47.46%(17,56,000)
RETAIL
47.46%(17,56,000)
Total
100.00%(37,00,000)
Retina Paints IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
Company Financials (In Lakhs)
Retina Paints IPO About Company

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."

✅Retina Paints IPO Strength Factors

NA

⚠️Retina Paints IPO Risk Factors

NA

🏦Retina Paints IPO Lead Manager(s)
Gretex Corporate Services Limited
👤Retina Paints IPO Promoter(s)
  1. Mr. Rakesh Dommati
  2. Ms. Rajitha Koyyada
🏢Retina Paints IPO Company Details

Retina Paints Limited

Phone:7330641515
address:Block No 2, Floors 2 & 3, Survey No. 184 & 185, Opp Ganesh Kaman, Phase V, IDA, Cherlapally, Hyderabad - 500051, Rangareddi
📋Retina Paints IPO Registrar

Bigshare Services Private Limited

Name:Bigshare Services Private Limited
Phone:+91-22-6263 8200
❓Retina Paints IPO FAQs
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