| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹11.10 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹11.10 Cr |
| Fresh Issue | ₹10.54 Cr |
| Face Value | โน10 Per Equity Share |
| Issue Price | โน30.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543902 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Gretex Corporate Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 4,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 8.00 |
| 2 | General Corporate Purposes | 2.10 |
| Period Ended | 30 Nov 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 20.75 | 11.63 | 9.87 | 6.70 |
| Total Income | 5.34 | 6.47 | 6.86 | 6.81 |
| Profit After Tax | 0.40 | 0.11 | 0.05 | 0.05 |
| NET Worth | 12.41 | 2.20 | 0.95 | 0.91 |
| Reserves and Surplus | 7.29 | 0.35 | 0.23 | 0.19 |
| Total Borrowing | 4.33 | 5.88 | 6.14 | 3.19 |
| Amount in ₹ Crore | ||||