Retina Paints Limited, a well-established manufacturer of decorative paints, is all set to launch an initial public offering (IPO) from April 19th to April 24th, 2023. The company is planning to raise a capital of Rs 11.10 crores through this issue, which will provide it with additional resources to solidify its position in the fiercely competitive paints industry. Retina Paints Limited has an outstanding reputation for delivering superior quality water-based paints, which are widely utilized in residential and commercial buildings. With the implementation of tinting machines and a robust B2B business model, the company is well-equipped to expand its reach and establish a foothold in the paints industry.
This IPO presents a unique opportunity for investors to participate in the company’s success story and reap the benefits of its growth potential. The shares of the company will be listed on BSE SME.
About Retina Paints Limited
Retina Paints Limited was established in 2010 and is involved in the production of various decorative paints, such as Distempers, Wall Care Products, Primers, Emulsions, and more. These products are then distributed to various distributors. Their water-based paints are used for both residential and commercial buildings. Recently, the company has implemented tinting machines to increase efficiency. These machines consist of multiple colorant reservoirs that contain colorant, cleaning fluid supply conduits, and dispenser heads that dispense colorant into a paint container.
Retina Paints Limited operates on a B2B business model where they sell their products to dealers and distributors, who then sell them to end customers. The company aims to expand its presence and reach across all regions of the country and potentially even beyond.
Retina Paints IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 19th April 2023 |
| Issue Closes | 24th April 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 30 Per Share |
| Issue Size | 3,700,000 shares (₹11.10 Cr) |
| Minimum Order Quantity | 4,000 Shares |
| Listing | BSE SME |
The proceeds from the Issue will be used by the Company for the following purposes:-
- Meet the working capital requirements
- General corporate purposes
Retina Paints Limited — Company Contact Details
- Registered Office: Block No 2, Floors 2 & 3, Survey No. 184 & 185, Opp Ganesh Kaman, Phase V, IDA, Cherlapally, Hyderabad- 500051, Rangareddi, Telangana, India
- Email: info@retinapaints.com
- Contact No: 7330641515
- Website: http://www.retinapaints.com/
Retina Paints Limited IPO – Lead Manager of the Issue
- Phone: +91 22 4002 5273 / 96532 49863
- Email: info@gretexgroup.com
- Website: https://gretexcorporate.com/
Retina Paints Limited IPO – Registrar of the Issue
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://www.bigshareonline.com/
Issue Prospectus
- Click here to read the Prospectus of this IPO Issue.
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