Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Wed, Apr 19, 2023 - Mon, Apr 24, 2023
Retina Paints IPO is a fixed price issue of ₹11.10 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹11.10 crore.
Retina Paints IPO bidding started from Apr 19, 2023 and ended on Apr 24, 2023. The allotment for Retina Paints IPO was finalized on Apr 27, 2023. The shares got listed on BSE SME on May 3, 2023.
Retina Paints IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Retina Paints IPO RHP for detailed Information.
IPO Open
Wed, Apr 19, 2023
IPO Close
Mon, Apr 24, 2023
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹41.82 Cr
| IPO Date | 19 to 24 Apr, 2023 |
| Listed on | Wed, May 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,88,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.5640 Cr) |
| Fresh Issue (Ex Market Maker) | 35,12,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 35,12,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 1,02,40,000 shares |
| Share Holding Post Issue | 1,39,40,000 shares |
| BSE Script Code | 543902 |
| ISIN | INE0NTC01019 |
Retina Paints IPO comprises a total issue size of 37,00,000 shares. The net offer to the public is 35,12,000 shares, after excluding 1,88,000 shares allotted on a firm basis. Of the Net offer 17,56,000 (50.00%) allocated to NII 17,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,56,000 | 50.00% | 47.46% |
| Retail Shares Offered | 17,56,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,88,000 | 5.08% | |
| Total Shares Offered | 37,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2010, Retina Paints Limited is engaged in the manufacturing of Decorative Paints like Distempers, Wall Care Products, Primers, Emulsions, etc. After the manufacturing, these products are sold to different Distributors.
Their water-based paints are used for residential as well as commercial buildings. Recently, the company introduced tinting machines to enhance efficiency. The tinting machine comprises a plurality of colorant reservoirs containing a colorant, one or more cleaning fluid supply conduits, and one or more dispenser heads for dispensing colorant into a paint container.
Retina Paints Limited operates on B2B Business Model, where they sell their products to dealers and distributors and thereafter, these dealers sell the products to the end customers.
The company aspires to enlarge its presence and reach all regions of the country and possibly across the country.
| Period Ended | 30 Nov 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 20.75 | 11.63 | 9.87 | 6.70 |
| Total Income | 5.34 | 6.47 | 6.86 | 6.81 |
| Profit After Tax | 0.40 | 0.11 | 0.05 | 0.05 |
| NET Worth | 12.41 | 2.20 | 0.95 | 0.91 |
| Reserves and Surplus | 7.29 | 0.35 | 0.23 | 0.19 |
| Total Borrowing | 4.33 | 5.88 | 6.14 | 3.19 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 8.00 |
| 2 | General Corporate Purposes | 2.10 |
The Retina Paints IPO is subscribed 8.29 times on April 24, 2023 7:02:00 PM (Day 4). The public issue subscribed 10.41 times in the retail category, [.] times in the QIB category, and 6.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.1 | 18,50,000 | 1,12,88,000 |
| Retail | 10.41 | 18,50,000 | 1,92,60,000 |
| Total | 8.29 | 37,00,000 | 3,06,76,000 |
Total Application : 5,148
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.34 |
| 2 | Market Making Fees | 0.10 |
| 3 | Fees payable to Registrar to Issue | 0.01 |
| 4 | Fees to Legal Advisor | 0.01 |
| 5 | Advertisement Expenses | 0.05 |
| 6 | Fees payable to Regulators including Stock Exchange | 0.02 |
| 7 | Printing & Distribution Expenses | 0.01 |
| 8 | Marketing & Selling Expenses | 0.45 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.05 |
| Low | ₹28.00 |
| High | ₹30.50 |
| Last Trade | ₹30.50 |
Lead Manager Reports
Retina Paints IPO is a SME IPO of 37,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Apr 19, 2023, and closes on Mon, Apr 24, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Retina Paints IPO using UPI as a payment gateway. Zerodha customers can apply in Retina Paints IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Retina Paints IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Retina Paints IPO opens on Wed, Apr 19, 2023 and closes on Mon, Apr 24, 2023.
Retina Paints IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Retina Paints IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Retina Paints IPO will be done on Thursday, April 27, 2023, and the allotted shares will be credited to your demat account by Tue, May 2, 2023. Check the Retina Paints IPO allotment status.
The Retina Paints IPO listing date is on Wed, May 3, 2023.
