Retina Paints IPO Details ( Retina Paints Limited IPO Review )
(19 Apr 2023 – 24 Apr 2023)
Retina Paints Limited was established in 2010 and specializes in the production of Decorative Paints such as Distempers, Wall Care Products, Primers, Emulsions, and other related items. The company distributes these products to various distributors after they have been manufactured.
Retina Paints Limited water-based paints are suitable for both residential and commercial buildings. The company has recently introduced tinting machines to improve its operational efficiency. The tinting machines consist of multiple colorant reservoirs, each containing a different colorant, as well as one or more cleaning fluid supply conduits and dispenser heads for dispensing the colorant into a paint container.
Retina Paints Limited operates on a B2B business model, whereby they distribute their products to dealers and distributors who, in turn, sell the products to end customers.
Retina Paints Limited has a goal to expand its market presence and reach all regions of the country, and potentially even beyond its current borders.
Retina Paints Limited Company Product
- EXPO ULTIMAX – Premium Exterior Emulsion
- EXPO EXTERIOR EMULSION
- GLOW PREMIUM – Premium Interior Emulsion
- GLOW INTERIOR EMULSION
- X-GEN CEMENT PRIMER
- ECO – EXTERIOR CEMENT PRIMER
- JET CEMENT PRIMER
- EYE – PREMIUM WASHABLE DISTEMPER
- SPRAY PLASTERS
- WALL CARE
Retina IPO Competitive Strength
- 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
Retina Paints IPO Financials Performance ( Results )
Retina Paints Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 670.34 | 681.44 | 4.67 | 0.08 | 90.86 | 1.57 | 18.86 | 319.10 |
| 31-Mar-21 | 986.71 | 685.99 | 4.55 | 0.08 | 95.41 | 1.63 | 23.41 | 614.11 |
| 31-Mar-22 | 1,162.77 | 647.24 | 11.33 | 0.17 | 219.74 | 3.29 | 34.74 | 588.01 |
| 30-Nov-22 | 2,074.77 | 533.88 | 39.99 | 0.57 | 1,240.73 | 17.65 | 728.73 | 433.44 |
Objective of IPO Issue
- Working Capital Requirements
- General Corporate Purposes
Retina Paints IPO Basic Details
| IPO Date | Apr 19, 2023 to Apr 24, 2023 |
| Listing Date | Wednesday, May 3, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 3,700,000 shares (aggregating up to ₹11.10 Cr) |
| Fresh Issue | 3,700,000 shares (aggregating up to ₹11.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Other Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Mr. Rakesh Dommati and Ms. Rajitha Koyyada |
Retina Paints IPO Timetable
Retina Paints IPO will open on Apr 19, 2023 and close on Apr 24, 2023. You can join Retina Paints IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Apr 19, 2023 |
| Closing Date | Apr 24, 2023 |
| Basis of Allotment | Apr 27, 2023 |
| Initiation of Refunds | Apr 28, 2023 |
| Credit of Shares to Demat | May 2, 2023 |
| Listing Date | May 3, 2023 |
Retina Paints IPO Lot Size
For retail investors in Retina Paints IPO, 4000 shares will come in 1 lot or the minimum investment will be ₹120,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| S-HNI (Min) | 2 | 8000 | ₹240,000 |
Retina Paints IPO Promoter Holding
| Pre Issue Share Holding | 80.70% |
| Post Issue Share Holding | 59.28% |
Retina Paints IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹0.72 per Equity Share |
| Price/Earning P/E Ratio | 41.67 |
| Return on Net Worth (RoNW) | 5.16% |
| Net Asset Value (NAV) | ₹3.29 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Retina Paints Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 15.36 |
| P/E (x) | 176.47 |
| ROE (%) | 0.07 |
| ROCE (%) | 0.03 |
| Debt/Equity | 2.68 |
Note: The P/E ratio has been computed by dividing Issue Price with EPS
Retina Paints Ltd Peer Comparison
| Company Name | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Retina Paints Limited | 30.00 | 10 | 0.72 | 41.67 | 5.16 | 3.29 | – |
| Peer Group | |||||||
| Asian Paints Limited | 2,796.00 | 1 | 32.68 | 85.56 | 21.94 | 143.99 | 18.4 |
| Indigo Paints Limited | 1,029.10 | 10 | 17.67 | 58.24 | 12.93 | 135.96 | 7.22 |
Retina Paints IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 23 April 2023 | ₹5 | – | – |
| 22 April 2023 | ₹5 | – | – |
| 21 April 2023 | ₹4.5 | – | – |
| 20 April 2023 | ₹5 | – | – |
| 19 April 2023 | ₹4 | – | – |
| 18 April 2023 | ₹4 | – | – |
| 17 April 2023 | ₹3 | – | – |
| 16 April 2023 | ₹2 | – | – |
| 15 April 2023 | ₹2 | – | – |
| 14 April 2023 | ₹2 | – | – |
| 13 April 2023 | ₹2 | – | – |
| 12 April 2023 | ₹1 | – | – |
| 11 April 2023 | ₹0 | – | – |
| 10 April 2023 | ₹0 | – | – |
| 09 April 2023 | ₹0 | – | – |
| 08 April 2023 | ₹0 | – | – |
| 07 April 2023 | ₹0 | – | – |
Retina Paints IPO Detail Video:
Retina Paints IPO Subscription Status (Bidding Detail)
The Retina Paints IPO on Apr 21, 2023 at 5:44:00 PM was subscribed 2.31 times, with the retail category being subscribed 2.22 times, the NII (Non-Institutional Investor) category being subscribed 2.34 times.
| Category | Subscription |
| NII | 2.34x |
| Retail | 2.22x |
| Total | 2.31x |
Retina Paints IPO Prospectus
Retina Paints IPO Rating
| Our Rating | 2.0/5.0 |
Retina Paints Company Contact Information
Retina Paints Limited
Registered Office: Block No 2, Floors 2 & 3, Survey No. 184 & 185,
Opp Ganesh Kaman, Phase V, IDA, Cherlapally,
Hyderabad- 500051, Rangareddi, Telangana, India.
Contact Person: Mr. Krishnamachari Ramu, Company Secretary and Compliance Officer
Website: www.retinapaints.com
Email: info@retinapaints.com
Contact No: 7330641515
Our Promoters: Mr. Rakesh Dommati and Ms. Rajitha Koyyada
Corporate Identification Number: U24232TG2010PLC071018
Retina Paints IPO Registrar
Bigshare Services Private Limited
Registered Office: 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 Lead Manager
Gretex Corporate Services Limited
Address: 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 FAQs
What is the lot size of Retina Paints IPO?
The total size of Retina Paints IPO is ₹11.10 crores and this is a complete fresh Issue.
When will Retina Paints IPO start?
Retina Paints IPO will Open from 19 April 2023 and IPO will Close on 24 April 2023.
What is the open date of Retina Paints IPO?
Retina Paints IPO will Open Date from 19 April 2023.
What is the last date ( close date ) of Retina Paints IPO?
Retina Paints IPO will Close Date from 24 April 2023.
What is the price band of Retina Paints IPO?
Retina Paints IPO Price Band is ₹30.
What is the minimum amount required to apply for Retina Paints IPO?
The minimum investment for retailers to apply for Retina Paints IPO is ₹120,000 and the maximum investment is ₹120,000.
What is going on gray market premium of Retina Paints IPO?
View gray market premium of Retina Paints IPO by Clicking Here
How much is the GMP of Retina Paints IPO?
Watch Retina Paints IPO GMP Today: Click Here
What is the allotment date of Retina Paints IPO?
The Allotment Date of Retina Paints IPO is 27 April 2023.
How to check allotment status in Retina Paints IPO?
To check the allotment status of Retina Paints IPO, first of all go to the registrar website by clicking here, select your bad Retina Paints IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Retina Paints IPO?
The Listing Date of Retina Paints IPO is 03 May 2023.
How much will be the listing gain in Retina Paints IPO?
View listing gain of Retina Paints IPO by Clicking Here
How much time Retina Paints IPO is subscribed?
Total 2.31 times subscribed in Retina Paints IPO out of which 2.22 times subscription was done in retail quota, 2.34 times subscription in NII quota.
How to apply for Retina Paints IPO from Upstox?
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