IPO Details
Bidding Dates
18 Apr '23 - 23 Apr '23
Minimum Investment
To be announced
Price Range
₹30
Maximum Investment
4000
Retail Discount
To be announced
Issue Size
₹11.10 crore
Investor category and sub category
To be announced
IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Apr 18, 2023
Closing Date
Apr 23, 2023
Basis of Allotment
Apr 26, 2023
Initiation of Refunds
Apr 27, 2023
Credit of Shares to Demat
May 1, 2023
Listing Date
May 2, 2023
UPI Mandate Expiry Date
Apr 23, 2023
Retina Paints IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Apr 18, 2023 |
1.74 | 0.21 | 0.98 |
Day 2Apr 19, 2023 |
2.13 | 1.00 | 1.56 |
Day 3Apr 20, 2023 |
2.34 | 2.22 | 2.31 |
Day 4Apr 23, 2023 |
6.10 | 10.41 | 8.29 |
Retina Paints IPO Subscription Status live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyer | [.] |
| Non-Institutional Buyers | 6.10 |
| Retail Investors | 10.41 |
| Employees | [.] |
| Others | [.] |
| Total | 8.29 |
About Retina Paints Ltd. IPO
Retina paints manufacturers and sells decorative paints, including Distempers, Wall Care Products, Primers, Emulsions, etc. in a B2B model.
Retina Paints has a distributor network spread across Andhra Pradesh, Telangana, and Odisha. The company offers a diversified product suite with oil-based and water-based products. The oil-based products are used in colouring woods, iron etc., and the water-based colours are used in residential and commercial buildings. It has recently introduced a tinting machine in its facility.
The company started in 2010 and has its headquarters in Hyderabad, Telangana.
Details of Retina Paints Ltd. IPO
Retina Paints IPO is a new issue IPO worth Rs. 11.10 crore. The offer is a fixed issue initial public offering with the share price fixed at Rs. 30 per share.
Retina Paints IPO opens for subscription on April 19, 2023. Retail investors can bid for one lot of 4000 shares.
Retina Paints Ltd. IPO Objective
The company proposes to utilise the net proceeds received from the fresh issues for the following.
- To meet working capital requirements
- Funding general corporate purposes
Should you invest in Retina Paints Ltd.?
- The company offers a diversified product suite of oil and water-based paints, wall care putty, distempers, emulsions, and primers.
- Retina Paints is run by experienced promoters.
- It has a vast distributor network in Andhra Pradesh and Telangana with an expansion plan to the other south Indian states.
Competitive Peers
Other players in the domain recognised by Retina Paints Ltd. are Rathi Bars Ltd., Vaswani Industries Ltd., and Adishakti Loha and Ispat Ltd.
IPO Financials
| Particulars | Year ending on November 30, 2022 | Year ending on March 31, 2021 | Year ending on March 31, 2020 |
|---|---|---|---|
| Revenue from Operations | 527.67 | 638.28 | 685.76 |
| Profit After Tax (PAT) | 39.99 | 11.33 | 4.55 |
| EBITDA | 86.89 | 62.99 | 50.11 |
| EPS | 2.09 | 0.72 | 0.63 |
| As of November 30, 2022 | As of March 31, 2022 | As of March 31, 2021 | |
| Current Asset | 2,074.77 | 1,162.77 | 986.71 |
| Current Liability | 2,074.77 | 1,162.77 | 986.71 |
Know before investing
Strengths
3-
It has an established business model supported by a robust network of distributors.
-
It has an expanding product suite and market.
-
It has a strong marketing team to enhance brand recall and recognition.
Risks
3-
The Indian paint industry is dominated by a few major players.
-
There are outstanding legal proceedings involving company promoters, which might impact operational and financial performance.
-
The company currently underutilises its production capacity.
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Retina Paints IPO FAQs
Retina Paints Ltd. Ltd. IPO worth Rs.11.10 crore comprises 3,700,000 fresh equity shares.
Bidding for the IPO opens on April 19, 2023.
The IPO shares of Retina Paints Ltd. will be allotted on April 27, 2023.
One lot of Retina Paints Ltd. IPO contains 4000 shares.
The bidding window opens on April 19, 2023.
Retail investors can apply for a minimum of one lot.
Retina Paints Ltd. IPO will list on NSE SME on April 24, 2023.
Login to the Angel One app and enter OTP sent on your registered mobile number to validate.
To check the allotment status, enter your application number, DP ID, and PAN number into the app.
You can’t calculate the listing gain before the IPO listing date. You can learn about the listing gain of Retina Paints Ltd. on May 3, 2023.
The bank initially will only block the amount in your account, meaning you will not have access to the fund. The money will be debited when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
SEBI mandates investors to submit only one application against one PAN card.
The minimum order quantity is one lot with 4000 shares.
