Retina Paints Limited

Company Profile
Company Name Retina Paints Limited
Open Date 19-04-2023
Close Date 24-04-2023
Exchange BSE SME
Lot Size 4000 shares
Issue Price ₹ 30 per share
Issue Size 3,700,000 Equity Shares
Application Amount ₹ 1,20,000
Recommendation Avoid
Retina Paints Limited was established in the year 2010 headquartered at Hyderabad, Telangana. Company is into manufacturing of Decorative Paints like Distempers, Primers, Wall Care Products, Emulsions, etc and further sell them to different Distributors. They source their raw materials at present indigenously for manufacturing of Paints. Their water-based paints are used for residential and for commercial buildings. Company currently operates on B2B Business Model, wherein they sell their products to the dealers and distributors and then they sell it to the end customers. They have a huge network of Distributors in the markets of Telangana, Andhra Pradesh and also have presence in Odisha. They are planning to expanding in other states as well.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-21 Nov-22
Total Assets 3,418.27 5,899.95 7,075.71
Net Assets 95.41 219.74 1,240.73
Total Borrowings 614.11 588.01 433.44
Total Revenue 685.98 647.25 533.88
Profit After Tax 4.55 11.33 39.99

Tentative Timeline

Opening Date 19-04-2023
Closing Date 24-04-2023
Basis of Allotment 27-04-2023
Initiation of Refunds 28-04-2023
Credit of Shares to Demat 02-05-2023
Listing Date 03-05-2023

Objects of the Issue

Working Capital Requirements.
General Corporate Purposes.

Contact Information

Registered Office Retina Paints Limited Block No 2, Floors 2 & 3, Survey No. 184 & 185, Opp Ganesh Kaman, Phase V, IDA, Cherlapally, Hyderabad - 500051, Rangareddi.
Phone 7330641515

Registrar Details

Name Bigshare Services Pvt Ltd.
Phone 91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 1,88,000 (4.84%)
Other Shares Offered 18,50,000 (47.58%)
Retail Shares Offered 18,50,000 (47.58%)
Total Shares Offered 38,88,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 80.70%
Share Holding Post Issue (Promoters) 59.28%

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