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SME IPO Status: Listed [19th Apr 2023 to 24th Apr 2023]
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.
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 |
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.
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
SME IPO Activity | Date |
---|---|
Issue Price | ₹30 |
Market Lot: | 4000 Shares |
1 Lot Amount: | ₹120000 |
Min HNI Lots: | 8000 shares (2 lots) |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
03-05-2023 | 30 | 5 | -- | ₹35 (16.67%) | 3-May-2023 9:00 |
Zerodha Trade@20
**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.
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.
Incorporation | Sector | IPO Issue Size | Website |
2010 | Paint Industry | ₹11.10 Cr | http://www.retinapaints.com/ |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
Day | NII | RII | Total | |
---|---|---|---|---|
# of Shares Offered | 1,850,000 (50%) | 1,850,000 (50%) | 3,700,000 | |
1 | 19th Apr 2023 19:04 | 1.74x | 0.21x | 0.98x |
2 | 20th Apr 2023 19:04 | 2.13x | 1.00x | 1.56x |
3 | 21st Apr 2023 19:04 | 2.34x | 2.22x | 2.31x |
4 | 24th Apr 2023 19:04 | 6.10x | 10.41x | 8.29x |
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31-Mar-20 | 670.34 | 681.44 | 4.67 | 90.86 | 18.86 | 319.10 |
31-Mar-21 | 986.71 | 685.99 | 4.55 | 95.41 | 23.41 | 614.11 |
31-Mar-22 | 1,162.77 | 647.24 | 11.33 | 219.74 | 34.74 | 588.01 |
30-Nov-22 | 2,074.77 | 533.88 | 39.99 | 1,240.73 | 728.73 | 433.44 |
Amount in ? Lakhs |
The table below show peer comparison from DRHP/RHP.
Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
---|---|---|---|---|---|---|
Retina Paints Limited | 0.72 | 3.29 | 41.67 | 5.16 | Standalone | |
Asian Paints Limited | 32.68 | 143.99 | 85.56 | 21.94 | Standalone | |
Indigo Paints Limited | 17.67 | 135.96 | 58.24 | 12.93 | Standalone |
Last Updated on 06-May-2023 09:00:09
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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To subscribe or apply in Retina Paints SME IPO, you can use the following methods:
Retina Paints SME IPO Applying Mode | Method | Details |
Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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 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:
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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?
allotted 1 lot
pls suggest hold or sell