NEWS

Retina Paints Limited IPO : Company Information

Retina Paints Limited IPO is set to launch on 19 April, 2023. The company initiated its business operations in the year 2010. It is involved in manufacturing Decorative Paints like Primers, Wall Care Products, Emulsion, Distempers etc. The company sells its products to distributors. Its paint is used for both commercial and residential purposes. Retina Paints Limited is aimed to expand itself in various parts of India. It has recently added a tinting machine in its facility for increasing the efficiency of work.

Retina Paints Limited IPO DETAILS

Retina Paints Limited IPO is set to launch on 19 April., 2023. The subscription timeline extends till 24 April, 2023. The size for the IPO is 11.10 Crore Rs. Shares issued through fresh issue mode are worth 11.10 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 30 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Retina Paints Limited IPO

IPO OPENING DATE	19 April., 2023
CLOSING DATE FOR IPO	24 April, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	30 Rs per share
LOT SIZE	4000 shares
MINIMUM ORDER QUANTITY	4000 shares
ISSUE SIZE	11.10 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode.
FRESH ISSUE	11.10 Crore Rs.
LISTING AT	BSE SME
LISTING DATE	3 May, 2023

Retina Paints Limited IPO : IMPORTANT DATES

IPO OPENING DATE	19 April., 2023
CLOSING DATE FOR IPO	24 April., 2023
IPO ALLOTMENT DATE	27 April, 2023
REFUNDS	28 April, 2023
DEMAT A/C CREDITED ON	2 May, 2023
IPO LISTING DATE	3 May, 2023

Retina Paints Limited IPO begins for subscription from 19 April., 2023. The IPO subscription would continue till 24 April, 2023. The allotment status for the shareholders who applied would come on 17 April, 2023. The refunds for the ones who did not get allotment would be initiated on 28 April, 2023. The DEMAT accounts of shareholders would be credited on 2 May, 2023. The listing of the company would be accompanied on 3 May, 2023.

Retina Paints Limited IPO : Lead Managers

The lead managers are :

Gretex Corporate Services Private Limited

The minimum lot size for the company is decided at 4000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 8000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	4000 shares	120000 Rs.
Maximum	8000 shares	240000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The Issue proceeds will be utilised for fulfilling the working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	670	986	1163
Revenue	681	687	648
PAT	4.6	4.5	11.3

Retina Paints Limited had an asset base of 670 Lakh Rs in 2020. This went on to 986 Lakh Rs in 2021 and 1163 Lakh Rs in 2022. However the revenue for the company has not been stable over the past 3 years, The revenue of the firm was 681 Lakh Rs in 2020 which increased slightly to 687 Lakh Rs. However in 2022 the revenue came down to 648 Lakh Rs. The company’s profitability has been stagnant for 2020 and 2021. The profit in 2020 was 4.6 Lakh Rs which decreased slightly to 4.5 Lakh Rs. However in the year 2022 the company made more than 2 times profit to 11.3 Lakh Rs.

PROS

It is involved in manufacturing Decorative Paints like Primers, Wall Care Products, Emulsion, Distempers etc.
The company sells its products to distributors.
Its paint is used for both commercial and residential purposes. Retina Paints Limited is aimed to expand itself in various parts of India.
It has recently added a tinting machine in its facility for increasing the efficiency of work.