Retina Paints IPO GMP, Review, Price, Allotment

Retina Paints IPO description – Incorporated in 2010, Retina Paints manufactures decorative paints like Distempers, Primers, Wall Care Products, Emulsions, etc., and further sells them to different distributors.

The company’s water-based paints are used for residential and for commercial buildings. Retina Paints works on B2B business model, the company sells its products to dealers and distributors and then they sell to the end customers. The company has a network of distributors in the markets of Telangana and Andhra Pradesh and it also has a presence in Odisha for selling its products.

As of December 2022, the company employed 21 workers at its two factories in Telangana. The Nacharam factory produces paint, textures and wall putty with annual production capacity of 10,000 tons while the new facility in Rayaraopet produces textures and wall putty.

Promoters of Retina Paints – Mr. Rakesh Dommati and Ms. Rajitha Koyyada

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Retina Paints IPO Details

Retina Paints IPO Dates	19 – 24 April 2023
Retina Paints IPO Price	INR 30 per share
Fresh issue	37,00,000 shares (INR 11.10 crore)
Offer For Sale	Nil
Total IPO size	37,00,000 shares (INR 11.10 crore)
Minimum bid (lot size)	4,000 shares (INR 120,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	BSE SME

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Retina Paints Financial Performance

	FY 2020	FY 2021	FY 2022	8M FY 2023
Revenue	680.44	685.76	638.28	527.67
Expenses	670.72	677.21	627.25	474.75
Net income	4.67	4.55	11.33	39.99

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Retina Paints Offer News

• Retina Paints RHP
• Retina Paints Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Retina Paints Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	0.08	0.08	0.17
PE ratio	–	–	176.47
RONW (%)	5.14	4.77	5.16
NAV	1.57	1.63	3.29
EBITDA (%)	5.14	7.31	9.87
ROCE (%)	3.0	3.0	3.0
Debt/Equity	3.51	6.44	2.68

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Retina Paints IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
28 Apr 2023	4	–	–
27 Apr 2023	4	–	–
25 Apr 2023	4	–	–
24 Apr 2023	3	–	–
21 Apr 2023	3	–	–
20 Apr 2023	4	–	–
19 Apr 2023	3	–	–
18 Apr 2023	3	–	–
17 Apr 2023	3	–	–

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Retina Paints IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	1,850,000	1,850,000	3,700,000
24 Apr 2023	6.01	10.61	8.31
21 Apr 2023	2.41	2.29	2.35
20 Apr 2023	2.13	1.00	1.56
19 Apr 2023	1.68	0.28	0.98

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Retina Paints Offer Lead Manager

GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor, New Bansilal Building,
Raja Bahadur Mansion, 9-15, Homi Modi Street,
Fort, Mumbai– 400001, Maharashtra, India
Phone: +91 22 4002 5273 / 96532 49863
Email: [email protected]
Website: www.gretexcorporate.com

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Retina Paints Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com

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Retina Paints Contact Details

RETINA PAINTS LIMITED
Block No 2, Floors 2 & 3, Survey No. 184 & 185,
Opp Ganesh Kaman, Phase V, IDA, Cherlapally,
Hyderabad 500051, Rangareddi, Telangana, India
Phone: 7330641515
E-mail: [email protected]
Website: www.retinapaints.com

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Retina Paints IPO Allotment Status

Retina Paints IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

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Retina Paints IPO Dates & Listing Performance

IPO Opening Date	19 April 2023
IPO Closing Date	24 April 2023
Finalization of Basis of Allotment	27 April 2023
Initiation of refunds	28 April 2023
Transfer of shares to demat accounts	2 May 2023
Retina Paints IPO Listing Date	3 May 2023
Opening Price on BSE SME	INR 29.05 per share (down 3.17%)
Closing Price on BSE SME	INR 30.50 per share (up 1.67%)

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Retina Paints IPO FAQs