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Retina Paints IPO IPO

Mainline19 Apr 202324 Apr 2023
Open
19 Apr 2023
Close
24 Apr 2023
3
Allotment
Listing
Wed, May 3, 2023
Price Band
₹30 per share
Issue Size
37,00,000 shares (agg. up to ₹11 Cr)
Lot Size
4,000 Shares
Listing Date
Wed, May 3, 2023
Latest GMP
₹5
Est. Gain
16.67%
✦ AI Insight

GMP Trend

03-05-20235Est. ₹35+16.67%
02-05-20235Est. ₹35+16.67%
01-05-20235Est. ₹35+16.67%

Live Subscription

CategorySubscription (times)
Total8.55x

Restated Financials (₹ Cr.)

Period Ended30 Nov 202231 Mar 202231 Mar 202131 Mar 2020
Assets20.7511.639.876.70
Total Income5.346.476.866.81
Profit After Tax0.400.110.050.05
NET Worth12.412.200.950.91
Reserves and Surplus7.290.350.230.19
Total Borrowing4.335.886.143.19
Amount in ₹ Crore

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Working Capital Requirements8.00
2General Corporate Purposes2.10

About Retina Paints IPO

Incorporated in 2010, Retina Paints Limited is engaged in the manufacturing of Decorative Paints like Distempers, Wall Care Products, Primers, Emulsions, etc. After the manufacturing, these products are sold to different Distributors. Their water-based paints are used for residential as well as commercial buildings. Recently, the company introduced tinting machines to enhance efficiency. The tinting machine comprises a plurality of colorant reservoirs containing a colorant, one or more cleaning fluid supply conduits, and one or more dispenser heads for dispensing colorant into a paint container. Retina Paints Limited operates on B2B Business Model, where they sell their products to dealers and distributors and thereafter, these dealers sell the products to the end customers. The company aspires to enlarge its presence and reach all regions of the country and possibly across the country.+ Read More

Contact Details

Retina Paints Ltd. AddressBlock No 2, Floors 2 & 3, Survey No.184 & 185Opp Ganesh Kaman, Phase V, IDA, CherlapallyRangareddiHyderabad, Telangana, 5000517330641515info@retinapaints.comVisit Website