Retina Paints IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 24, 2023Let’s have a detailed review of the company and analytics of the Retina Paints IPO release date, IPO offer price, subscription, Retina Paints Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 30 |
| Listing At | BSE, SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | May 3, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,110 Lakh |
| IPO Size | Rs 1,110 Lakh |
| Tick Size | 1 |
Retina Paints IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Retina Paints Share Price |
Retina Paints IPO – Summary
Retina Paints Limited was established in the year 2010 and headquartered in Hyderabad, Telangana. Their Company is into manufacturing of Decorative Paints like Distempers, Primers, Wall Care Products, Emulsions, etc and further sell them to different Distributors.
They source their raw materials at present indigenously for the manufacturing of Paints. Their water-based paints are used for residential and for commercial buildings. They have recently introduced tinting machines in their Company.
The Promoter of this company is Mr Rakesh Dommati and Ms Rajitha Koyyada. The lead manager of the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Retina Paints IPO Date
The opening and closing dates of Retina Paints IPO are Apr 19, 2023, and Apr 24, 2023, respectively.
Retina Paints IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 19th Apr | 1.74x | 0.21x | 0.98x |
| 2nd Day – 20th Apr | 2.13x | 1.00x | 1.56x |
| 3rd Day – 21st Apr | 2.34x | 2.22x | 2.31x |
| 4th Day – 24th Apr | 2.94x | 4.36x | 3.68x |
| Shares Offered or Net Issue | 1,850,000 | 1,850,000 | 3,700,000 |
The shares subscribed by the public will be updated here.
Retina Paints IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Retina Paints Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 27, 2023 |
| Refunds Initiation | Apr 28, 2023 |
| Credit of Shares to Demat Account | May 2, 2023 |
| Share Listing Date | May 3, 2023 |
Retina Paints IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.30
Retina Paints IPO Equity Size
This Initial Public Issue of 3,700,000 Equity Shares of Rs.10 each for cash at a price of Rs.30 per equity share aggregating to Rs.1,110 Lakh.
Retina Paints IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,700,000 Equity Shares of Rs.10/ each.
Issue Size: 3,700,000 Equity Shares of Rs.10 each, aggregating to Rs.1,110 Lakh
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Retina Paints IPO – Live Performance
The listing date of this IPO is May 3, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Retina Paints Share Price |
Retina Paints IPO Grey Market Premium
The Retina Paints Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Retina Paints IPO – Company Overview
Their Company works on B2B Business Model, they sell their products to dealers and distributors and then they sell to the end customers. They have a huge network of Distributors in the markets of Telangana and Andhra Pradesh and they also have a presence in Odisha for selling their Product.
They are having exposure to the markets of Telangana, Andhra Pradesh and Odissa, soon they will be expanding to other states as well. Also, they compete with a few of the major players from the Organized Market and a few from the Unorganized Market in the Paint Industry.
They already have water-based products in their basket, they are also aiming for oil-based products. Oil-based products are applied to wood, iron, etc. With oil products, they will be able to increase their turnover substantially. After the issue, their company is planning to sell the products directly to the end customers too along with selling it to the Distributors.
Retina Paints IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Nov-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,074.77 | 1,162.77 | 986.71 | 670.34 |
| *Total Revenue | 533.88 | 647.24 | 685.99 | 681.44 |
| Total Expense | 474.75 | 627.25 | 677.21 | 670.72 |
| Profit After Tax | 39.99 | 11.33 | 4.55 | 4.67 |
Earnings per Equity Share (in Lakh)
| 30-Nov-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 2.09 | 0.72 | 0.63 | 0.72 |
Further, their PAT for the period ended on Nov 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 39.99 Lakh, Rs. 11.33 Lakh, Rs. 4.55 Lakh and Rs. 4.67 Lakh respectively.
Retina Paints IPO – Promoters
The Promoter of this company is:
- Mr Rakesh Dommati
- Ms Rajitha Koyyada
List of Related Parties (Key Managerial Personnel)
- Rakesh Dommati, Managing Director
- Rajitha Koyyada, Whole Time Director
- Chithra Ramu, Non-Executive Director
- Chinnamanoor Neelakantan Srinivasan, Chartered Accountant
Retina Paints IPO – Promoters Holding
- Pre-Issue Share Holding – 80.70%
- Post-Issue Share Holding – 59.28%
Retina Paints IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 37,00,000 Equity Shares aggregating up to Rs.1,110.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,88,000 Equity Shares aggregating up to Rs.56.40 Lakh |
| Net Issue to the Public | Up to 35,12,000 Equity Shares aggregating up to Rs.1,053.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 17,56,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 17,56,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,02,40,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,39,40,000 Equity Shares |
Retina Paints IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
Retina Paints IPO – Business Strategy
- Continue to focus on developing differentiated products to grow market share
- Expand their manufacturing capacities
- Focus on consistently meeting quality standards
- Strong Marketing Team
- Strategic Acquisition and Alliance Opportunities
Retina Paints IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Focus on Increase in Volume of Sales.
- Enhance the performance of the existing business
- Leveraging their 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 relationships with existing customers
- Client Focus
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 0.72 | 5.16 | 14.01 |
| 31-Mar-21 | 0.63 | 4.77 | 13.25 |
| Mar-20 | 0.72 | 5.14 | 13.97 |
Retina Paints IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) |
|
| Retina Paints Limited | 10 | 41.67 | 0.72 | 5.16 | 527.67 |
| Listed Peers | |||||
| Asian Paints Limited | 1 | 85.56 | 32.68 | 21.94 | 25,18,851.00 |
| Indigo Paints Limited | 10 | 58.24 | 17.67 | 12.93 | 90,598.00 |
Retina Paints IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9- 15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India. Contact No.: +91 22 4002 5273 / 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
Retina Paints IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Contact No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Retina Paints IPO – Other Details
- Statutory Auditor – M/s. C M T & Associates, Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM
- Bankers to the Company – The Canara Bank Limited
Retina Paints IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Retina Paints Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Retina Paints IPO Review FAQs
Check out various FAQs related to Retina Paints IPO:
What is the Issue Size of Retina Paints IPO?
The Company is making an initial public offer of 3,700,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Retina Paints IPO?
The price band for this particular IPO ranges between Rs 30. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Retina Paints IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 19, 2023, while the closing date is set at Apr 24, 2023.
What is the Retina Paints IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Apr 27, 2023, refund initiation is on Apr 28, 2023, credit of shares is on May 2, 2023, and share listing date is on May 3, 2023.
What is the Retina Paints IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 3, 2023. The date, when the listing would be done, is stagnant on May 3, 2023.
Who is the Registrar of Retina Paints IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Retina Paints IPO?
Here are the promoters of this IPO – Mr Rakesh Dommati and Ms Rajitha Koyyada. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Retina Paints IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Retina Paints IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Retina Paints Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 11.33, 2021 is 4.55, and 2020 is 4.67. PAT from Nov 2022 is 39.99.
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