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Retina Paints SME IPO Details 2023

SME IPO Status: Listed [19th Apr 2023 to 24th Apr 2023]

Rated 3/5 by Team InvestorGain
Retina Paints SME IPO Detail

Retina Paints Limited offers a SME IPO issue size of 3,700,000 equity shares worth up to Rs 11.10 Cr. The subscription for this SME IPO is opening from 19 Apr 2023 to 24 Apr 2023. The face value of the equity share is Rs 10 per share. The issue price for this SME IPO is fixed at Rs 30 per share along with the lot size of 4000 shares and its multiple.

Stay updated with us to know more about the Retina Paints Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.

Retina Paints SME IPO Details

SME IPO Issue Opening Date: 19th Apr 2023
SME IPO Issue Closing Date: 24th Apr 2023
SME IPO Issue Price: ₹30 Per Share
DRHP: Download DRHP
RHP: Download RHP
IPO Listing At: BSE SME
Retail Quota: 50% of the Net Issue
SME IPO Issue Type: Fixed Price Issue
SME IPO Issue Size: ₹11.10 Cr
Fresh Issue: ₹11.10 Cr
Face Value: ₹10 Per Equity Share
SME IPO Discount: TBD
Promoter Holding Pre IPO: 80.70%
Promoter Holding Post IPO: 59.28%
Allotment Status: Allotment Status
BSE Code: 543902

Retina Paints SME IPO Important Dates

Get important updates regarding Retina Paints SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Retina Paints SME IPO dates
SME IPO Activity Date
Basis of Allotment Date* 27th Apr 2023
Refunds Initiation* 28th Apr 2023
Credit of Shares to Demat* 2nd May 2023
SME IPO Listing Date* 3rd May 2023

* - Tentative Dates

Retina Paints SME IPO Lots

SME IPO Activity Date
Issue Price ₹30
Market Lot: 4000 Shares
1 Lot Amount: ₹120000
Min HNI Lots: 8000 shares (2 lots)

Retina Paints IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
03-05-2023305--₹35 (16.67%)3-May-2023 9:00
IPO Live GMP
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Retina Paints

Retina Paints Limited established in the year 2010 headquartered at Hyderabad, Telangana. This 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 manufacturing of Paints. Their waterbased paints are used for residential and for commercial buildings. They have recently introduced tinting machines in its Company. The tinting machine comprises a plurality of colorant reservoirs containing colorant, one or more cleaning fluid supply conduits and one or more dispenser heads for dispensing colorant into a paint container.

This Company works on B2B Business Model, they sell their products to the 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 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.

Retina Paints already has water-based products in their basket, this is also aiming for oil-based products. Oil based products are applied on wood, iron, etc. With oil products, they will be able to increase their turnover substantially. After the issue, the company is planning to sell the products directly to the end customers too along with selling it to the Distributors.

Retina Paints SME IPO Strengths

  • We have an excellent marketing team.
  • We sell our products in Business to Business (B2B) category
  • Double Quality Checks.
  • Core Technical Structure.
  • Existing Supplier Relationship
  • Providing high quality with local prices
Incorporation Sector IPO Issue Size Website
2010 Paint Industry ₹11.10 Cr http://www.retinapaints.com/

Retina Paints SME IPO Objective

The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:

  1. Working Capital Requirements
  2. General Corporate Purposes.
Request call back from Zerodha

Retina Paints SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 1,850,000 Shares
  • Retail Individual Investor: 1,850,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered1,850,000 (50%)1,850,000 (50%)3,700,000
119th Apr 2023 19:041.74x0.21x0.98x
220th Apr 2023 19:042.13x1.00x1.56x
321st Apr 2023 19:042.34x2.22x2.31x
424th Apr 2023 19:046.10x10.41x8.29x
Retina Paints Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20670.34681.444.6790.8618.86319.10
31-Mar-21986.71685.994.5595.4123.41614.11
31-Mar-221,162.77647.2411.33219.7434.74588.01
30-Nov-222,074.77533.8839.991,240.73728.73433.44
Amount in ? Lakhs

Retina Paints SME IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Retina Paints Limited0.723.2941.675.16Standalone
Asian Paints Limited32.68143.9985.5621.94Standalone
Indigo Paints Limited17.67135.9658.2412.93Standalone

Company Address

Retina Paints Limited
Block No 2, Floors 2 & 3, Survey No. 184 & 185, Opp Ganesh Kaman, Phase V, IDA, Cherlapally
Hyderabad,Telangana-500051
India
Website: http://www.retinapaints.com/
Phone: 7330641515
Email: [email protected]

Retina Paints SME IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: [email protected]

Retina Paints SME IPO Lead Manager

Retina Paints SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Retina Paints? Should I apply in Retina Paints SME IPO?

Last Updated on 06-May-2023 09:00:09

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Retina Paints SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Retina Paints SME IPO with Zerodha.

Alternate approch to apply in Retina Paints SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Retina Paints SME IPO Review and Important Updates

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Apply in Retina Paints SME IPO online

To subscribe or apply in Retina Paints SME IPO, you can use the following methods:

Retina Paints SME IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Retina Paints SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Retina Paints SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Retina Paints SME IPO. Most of the Syndicate Banks provide access to apply in Retina Paints IPO via ASBA process. You must have your net banking access, DP ID information to apply in Retina Paints SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Retina Paints SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Retina Paints SME IPO Review and Important Updates

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Retina Paints SME IPO Application is not yet available.

 

Retina Paints SME IPO is going to be list on 03-05-2023. NSE Code for Retina Paints is . BSE Code for Retina Paints is 543902.

Other relevant questions:

When Retina Paints SME IPO will be listing? Retina Paints SME IPO NSE listing date?Retina Paints SME IPO date of listing.Retina Paints SME IPO BSE listing date?

 

Retina Paints SME IPO Allotment Date is 27-04-2023.

Other relevant questions:

Retina Paints SME IPO share allotment date?Retina Paints SME IPO allotment date?

 


User Reviews

7. kaushal Apr 28 2023 09:30:37 AM Reply
Dear sir

allotted 1 lot

pls suggest hold or sell
6. IPO PASSION Apr 13 2023 08:23:16 PM Reply
RII qouta is 50% ,,,What is QII and HNI quota
5. Nidhi gupta Apr 06 2023 11:30:08 PM Reply
Retina Paints SME IPO expected listing gain.
4. Nishant Sharma  Apr 06 2023 11:30:08 PM Reply
Please confirm Retina Paints SME IPO GMP (grey market premium) and kostak.
3. vapasbhai G Sheth Apr 06 2023 11:30:08 PM Reply
Retina Paints SME IPO good or bad.
2. Jakkula phaneendra nath Apr 06 2023 11:30:08 PM Reply
Retina Paints SME IPO whether to invest or not.
1. NIKITA MOURYA  Apr 06 2023 11:30:08 PM Reply
Retina Paints SME IPO - CRISIL Rating, Apply or not?.