Retina Paints IPO

Retina Paints IPO Review, Date, Price, GMP, Allotment

Retina Paints Limited, an organization established in the year 2010, is actively involved in the production of decorative paints such as Distempers, Wall Care Products, Primers, Emulsions, and other similar products. These commodities are subsequently vented to different distributors.

The organization’s water-based paints are widely used for both residential and commercial buildings. In an effort to improve their efficacy, the organization recently launched tinting machines. The tinting machine is designed with a multitude of colorant reservoirs that house a variety of colorants, one or more cleaning fluid supply conduits, and one or more dispenser heads that can disburse the colorant into a paint container.

Retina Paints Limited functions on a B2B Business Model, where they sell their products to dealers and distributors who then sell these products to end-users.

Retina Paints IPO Complete Details:

IPO Date19 April 2023 to 24 April 2023
Issue TypeFixed Price Issue
Listing AtBSE SME
Face Value10 Rs. Per Share
PriceRs. 30 per share
Lot Size4000 Shares
 Issue Size3,700,000 shares (Rs. 11.10 Cr)
Fresh Issue3,700,000 shares (Rs. 11.10 Cr)
Listing Date03 May 2023

Retina Paints IPO Timetable:

Opening Date19 April 2023
Closing Date24 April 2023
Allotment27 April 2023
Initiation of Refunds28 April 2023
Credit of Shares to Demat Account02 May 2023
Listing Date03 May 2023
* Date May Change

Company Financial Details:

Period EndedAssetsRevenueProfit After TaxBorrowingsReserves and Surplus
31 March 2020670.34681.444.67319.1018.86
31 March 2021986.71685.994.55614.1123.41
31 March 20221,162.77647.2411.33588.0134.74
30 November 20222,074.77533.8839.99433.44728.73
Amount In Lakhs

As Of Now, GMP is Around 4.5 Rupees.

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