Retina Paints IPO

Retina Paints IPO will open for subscription from 19 April 2023. the company aims for an issue size of 11.10 Cr through this IPO.

About Company

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 a 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 an annual production capacity of 10,000 tons while the new facility in Rayaraopet produces textures and wall putty.

Basic details about the company

Full nameRetina Paints Limited
Company Website

The Objective of the Issue

  • Working Capital Requirements
  • General Corporate Purposes.

IPO Timetable

IPO Opening date19 April 2023
IPO Closing24 April 2023
Basis of Allotment27 April 2023
Initiation Refund28 April 2023
Credit to Demat Account02 May 2023
Listing Date03 May 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹11.10 Cr – 3,700,000 shares
Fresh Issue₹11.10 Cr – 3,700,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹30 per share
Lot size4000 Shares
Retail Allocation50%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)14000₹120,000
Retail (Max)14000₹120,000
HNI (Min)28,000₹240,000

Reservation Details

QIB Shares Offered
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 20228M FY 2023
Net income4.674.5511.3339.99
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio176.47
RONW (%)5.144.775.16
EBITDA (%)5.147.319.87
ROCE (%)

Company Promoters

  • Mr. Rakesh Dommati
  • Ms. Rajitha Koyyada

Promoter Holding

Pre Issue Share Holding80.70%
Post Issue Share Holding59.28%

Lead Manager(s)

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

IPO Registrar

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

Contact Details

Block No 2, Floors 2 & 3, Survey No. 184 & 185,
Opp Ganesh Kaman, Phase V, IDA, Cherlapally,
Hyderabad 500051, Rangareddi, Telangana, India
Phone: 7330641515

Allotment Status

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

Final thoughts

Retina Paints IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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