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 Date | 19 April 2023 to 24 April 2023 |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Face Value | 10 Rs. Per Share |
| Price | Rs. 30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 3,700,000 shares (Rs. 11.10 Cr) |
| Fresh Issue | 3,700,000 shares (Rs. 11.10 Cr) |
| Listing Date | 03 May 2023 |
Retina Paints IPO Timetable:
| Activity | Date* |
|---|---|
| Opening Date | 19 April 2023 |
| Closing Date | 24 April 2023 |
| Allotment | 27 April 2023 |
| Initiation of Refunds | 28 April 2023 |
| Credit of Shares to Demat Account | 02 May 2023 |
| Listing Date | 03 May 2023 |
Company Financial Details:
| Period Ended | Assets | Revenue | Profit After Tax | Borrowings | Reserves and Surplus |
|---|---|---|---|---|---|
| 31 March 2020 | 670.34 | 681.44 | 4.67 | 319.10 | 18.86 |
| 31 March 2021 | 986.71 | 685.99 | 4.55 | 614.11 | 23.41 |
| 31 March 2022 | 1,162.77 | 647.24 | 11.33 | 588.01 | 34.74 |
| 30 November 2022 | 2,074.77 | 533.88 | 39.99 | 433.44 | 728.73 |
As Of Now, GMP is Around 4.5 Rupees.