Issue Price
₹30
Per Share
GMP
NIL
Grey Market
Est. Listing
₹30
Expected Price
Min. Application
₹240,000
2 lots × 4000 shares
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.
Retina Paints Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 188,000 | — | ₹0.56 Cr | — |
| TOTAL | 3,700,000 | 100.00% | ₹11.10 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹120,000 |
| Retail (Max) | 13 | 52,000 | ₹1,560,000 |
| sNII (Min) | 14 | 56,000 | ₹1,680,000 |
| bNII (Min) | 68 | 272,000 | ₹8,160,000 |
| 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 |
| Total Borrowings | 433.44 | 588.01 | 614.11 |