Retina Paints Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Apr 2023

Close Date

24 Apr 2023

Allotment

27 Apr 2023

Listing Date

03 May 2023

Exchange

BSE SME

Price Band

₹30

Listing Price

See chart

Allotment Status

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Price Band

₹30

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

37,00,000 shares (aggregating up to ₹11.10 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

1,02,40,000 shares

Promoters

Post-IPO Holding

1,39,40,000 shares

Promoters

UPI Deadline

2023-04-24

Mandate

Anchor AllotmentTue, 18 Apr 2023

Basis of AllotmentThu, 27 Apr 2023

Refund InitiationFri, 28 Apr 2023

Demat CreditTue, 02 May 2023

Listing DayWed, 03 May 2023

UPI Mandate Deadline2023-04-24

Sale TypeFresh Capital

Net Offer to Public35,12,000 shares (aggregating up to ₹10.54 Cr)

Market Maker Quota1,88,000 shares (aggregating up to ₹0.5640 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Retina Paints Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 24 Apr 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	188,000	—	₹0.56
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	3,700,000	100%	₹11.10

IPO Shares Offered

Retina Paints Ltd. IPO total issue size: ₹11.10 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	188,000	₹0.56	5.08%
Total	3,700,000	₹11.10	100.00%

* Based on upper price band ₹30 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹30.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹240,000
Retail (Max — 13 Lots)	13	52,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	272,000	₹8,160,000

* Issue Price ₹30 × Lot Size 4,000 shares

IPO Schedule

Anchor

18 Apr 2023

✓ Done

IPO Open

19 Apr 2023

✓ Done

IPO Close

24 Apr 2023

✓ Done

Allotment

27 Apr 2023

✓ Done

Refunds

28 Apr 2023

✓ Done

Demat Credit

02 May 2023

✓ Done

Listing Day

03 May 2023

✓ Done

₹30.00

INR · BSE

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Issue ₹30.00 Live Price

About Retina Paints Ltd.

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.

Objects of the Issue

Working Capital Requirements

General Corporate Purposes

Retina Paints Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹686.0

31-Mar-21

₹647.2

31-Mar-22

₹533.9

30-Nov-22

Profit After Tax (PAT)

₹4.6

31-Mar-21

₹11.3

31-Mar-22

₹40.0

30-Nov-22

Particulars	30-Nov-22	31-Mar-22	31-Mar-21
Revenue from Operations	533.88	647.24	685.99
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	39.99	11.33	4.55
Net Worth	1240.73	219.74	95.41
Total Assets	2074.77	1162.77	986.71
Reserves & Surplus	728.73	34.74	23.41
Borrowings	433.44	588.01	614.11
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered37,00,000 (100.00%)

Net Offer to Public35,12,000 shares (aggregating up to ₹10.54 Cr)

Reserved for Market Maker1,88,000 shares (aggregating up to ₹0.5640 Cr)

Pre-Issue Promoter Holding1,02,40,000 shares

Post-Issue Promoter Holding1,39,40,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Gretex Corporate Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Retina Paints Ltd. IPO subscribed? ▲

Retina Paints Ltd. IPO is subscribed 1.00 times by Apr 24, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Retina Paints Ltd. IPO retail subscription status? ▼

The Retina Paints Ltd. IPO retail category is subscribed 1.00 times as of 24 Apr 2023. The retail portion is oversubscribed.

How to subscribe Retina Paints Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Apr 2023 and closes 24 Apr 2023. Min investment: ₹120,000 (1 lot = 4,000 shares). UPI mandate: 2023-04-24.

How many times Retina Paints Ltd. IPO subscribed? ▼

The Retina Paints Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Retina Paints Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Apr 2023. Refunds: on 28 Apr 2023.

When Retina Paints Ltd. IPO will be listed? ▼

The Retina Paints Ltd. IPO listing date is 03 May 2023, Wednesday. Listed on: BSE SME. Issue price: ₹30. Estimated listing: ₹30. GMP: NIL.

When Retina Paints Ltd. IPO close? ▼

The Retina Paints Ltd. IPO closes on 24 Apr 2023, Monday. UPI mandate: 2023-04-24. Allotment: 27 Apr 2023. Listing: 03 May 2023.

Quick Actions

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Live Price LIVE

Last Price₹30.00

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Issue Price₹30.00

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Quick Summary

StatusListed

Issue Price₹30

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹30

Subscribed1.00x

Open Date19 Apr 2023

Close Date24 Apr 2023

Allotment27 Apr 2023

Listing Date03 May 2023

ExchangeBSE SME

UPI Deadline2023-04-24