Retina Paints was incorporated on November 01, 2010. It is a manufacturer of decorative paints including distempers, primers, wall care products, and emulsions, which are sold to various distributors.
| Bidding Dates |
|---|
| 19 Apr 2023 - 24 Apr 2023 |
| Subscription |
|---|
| 8.29x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 4000 | 3.7 M | ₹30 | 73.46 % | ₹111.0 M | RHP DOC |
Retina Paints IPO SUBSCRIPTION STATUS
24 Apr '23Retina Paints IPO overall subscription rate was 8.29 times the total available shares
Retina Paints IPO retail subscription rate was 10.41 times in the retail segment
Retina Paints IPO non-institutional investor subscription rate was 6.17 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
24 Apr 2023 (Day 4) | 10.41x | 6.17x | - |
21 Apr 2023 (Day 3) | 2.22x | 2.34x | - |
20 Apr 2023 (Day 2) | 1x | 2.13x | - |
19 Apr 2023 (Day 1) | 0.21x | 1.74x | - |
Retina Paints FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 8MFY23 | 4.0 | 52.8 | 17.6 | -60.4 |
| FY22 | 1.1 | 63.8 | 9.8 | -4.8 |
| FY21 | 0.5 | 68.6 | -25.1 | -28.0 |
| FY20 | 0.5 | 68.0 | -14.5 | -16.5 |
Retina Paints IPO SUBSCRIPTION STATUS DETAILS
Retina Paints had 3.7 M shares on offer
Retina Paints IPO offer price was ₹30
Retina Paints IPO minimum Investment was ₹120000
Retina Paints IPO issue size was ₹ 111.0 M
Retina Paints had a minimum lot size of 4000 Shares per application
Retina Paints NUMBER OF SHARES ON OFFER
Retina Paints IPO IMPORTANT DATES
| Issue Open Date | 19 Apr 2023 |
| Issue close Date | 24 Apr 2023 |
| Allotment Date | 27 Apr 2023 |
| Refund Date | 28 Apr 2023 |
| Demat Account Credit Date | 02 May 2023 |
| Listing Date | 03 May 2023 |
| Listing on Exchange(s) | BSE |
| Retina Paints Allotment Status | Exchange |
Retina Paints IPO subscription opened on 19 Apr 2023, and closed on 24 Apr 2023
IPO allotment for Retina Paints was finalized on Thursday, 27 Apr 2023
IPO listing for Retina Paints was on BSE on Wednesday, 03 May 2023
Retina Paints IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 29.1 |
| Listing Close Price | 30.5 |
| Listing Gain% | -3.2% |
| Current Gain% | 43.3% |
Retina Paints Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retina Paints Ltd. | 43 | 59.9 | 103.2 | -1.9 | 2.5 | 1.8 | 1 | 23.9 | 13.6 | 0.6 | -51 | 0.4 | -55.5 |
| Asian Paints Ltd. | 2735 | 262340.6 | 55.1 | 1.7 | 7.1 | 20.2 | 12.5 | 36307.3 | 5.3 | 4325.4 | 17.9 | 49.7 | 32.5 |
| Berger Paints (India) Ltd. | 530.6 | 61856.5 | 50.8 | 7.8 | 5 | 16.3 | 11.2 | 11987 | 3 | 1126.9 | -4.5 | 10.4 | 6.6 |
| Kansai Nerolac Paints Ltd. | 212.4 | 17174.4 | 28.6 | -0.6 | 2.1 | 8.8 | 6.8 | 8197.8 | 3 | 589.5 | -48.4 | 7.4 | -47 |
| JSW Dulux Ltd. | 3011.7 | 13793 | 7 | 0 | 3.7 | 80.6 | 52 | 3697.7 | -10.2 | 1973.8 | 359.6 | 431 | 359.6 |
| Indigo Paints Ltd. | 1120.5 | 5348.4 | 36.9 | 15.8 | 3.8 | 12.6 | 8.9 | 1418 | 4.3 | 145.1 | 2.3 | 30.4 | 2.3 |
Retina Paints INFORMATION ON IPO ISSUE
About Retina Paints
Retina Paints was incorporated on November 01, 2010. It is a manufacturer of decorative paints including distempers, primers, wall care products, and emulsions, which are sold to various distributors.
Object of the Issue
- Working capital requirements
- General corporate purposes
Retina Paints - PROMOTERS
| Name |
|---|
| Rakesh Dommati |
| Rajitha Koyyada |
Retina Paints Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Retina Paints Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Retina Paints Strengths
Double quality checks
The company places great emphasis on product quality and ensures strict adherence to work protocols throughout the procurement of raw materials and various stages of production
High quality with local prices
The company's products are of high quality compared to its competitors and are offered at competitive prices
Excellent marketing team
The company is actively promoting awareness about the eco-friendliness of its products while expanding its reach in different markets. It also prioritizes customer satisfaction to maintain and grow its clientele
Retina Paints Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, the group entity, promoters and directors. Any adverse decision in such proceeding may have a material adverse effect on the business
Highly competitive business
The company engages in a highly competitive business and any failure to effectively compete could have a material adverse effect on the business
IPO FAQs
The promoters of the company are Rakesh Dommati and Rajitha Koyyada.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Apr 19, 2023 and closes on Apr 24, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Apr 27, 2023.
The refund will be credited to your account on Apr 28, 2023.
The allotted shares will be credited to your demat on May 02, 2023.
Retina Paints Ltd.’s shares listed on the stock exchanges on May 03, 2023.