Retina Paints Limited, established in 2010, is a manufacturing company focused on producing a range of decorative paints, including distempers, wall care products, primers, emulsions, and more. These products are designed for both residential and commercial buildings, catering to the needs of diverse customers. The company’s primary business model is based on Business-to-Business (B2B) operations, wherein they sell their paint products to dealers and distributors who further distribute them to end customers.
Retina Paints Limited has made significant strides in improving efficiency and customer satisfaction. Notably, they have recently introduced tinting machines to their operations, aiming to enhance the tinting process and overall productivity. These machines consist of multiple colorant reservoirs holding different colors, cleaning fluid supply conduits, and dispenser heads for dispensing colorants into paint containers. The introduction of tinting machines allows for efficient and customizable color mixing, enabling customers to achieve their desired paint shades easily.
Retina Paints IPO Details
| IPO Date | Apr 19, 2023 to Apr 24, 2023 |
| Listing Date | May 3, 2023 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,700,000 shares (aggregating up to ₹11.10 Cr) |
| Fresh Issue | 3,700,000 shares (aggregating up to ₹11.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Retina Paints IPO Tentative Timetable
IPO opens on Apr 19, 2023, and closes on Apr 24, 2023.
| Event | Tentative Date |
| Opening Date | Apr 19, 2023 |
| Closing Date | Apr 24, 2023 |
| Basis of Allotment | Apr 27, 2023 |
| Initiation of Refunds | Apr 28, 2023 |
| Credit of Shares to Demat | May 2, 2023 |
| Listing Date | May 3, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
Decorative paints, such as distempers, wall care products, primers, and emulsions, offered by companies like Retina Paints Limited, are utilized to enhance the aesthetic appeal of buildings, protect surfaces, and provide a variety of finishes. These paints are applied to interior and exterior walls, furniture, and other surfaces to create desired visual effects and protect against wear and tear.
The decorative paints industry is driven by factors such as construction and real estate activities, renovation and remodeling projects, changing consumer preferences, and the overall economic environment. Growth in the industry is closely tied to the construction sector’s performance, as increased construction activities lead to higher demand for paints and coatings.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 670.34 | 681.44 | 4.67 | 90.86 | 18.86 | 319.10 |
| 31-Mar-21 | 986.71 | 685.99 | 4.55 | 95.41 | 23.41 | 614.11 |
| 31-Mar-22 | 1,162.77 | 647.24 | 11.33 | 219.74 | 34.74 | 588.01 |
| 30-Nov-22 | 2,074.77 | 533.88 | 39.99 | 1,240.73 | 728.73 | 433.44 |
| Amount in ₹ Lakhs | ||||||
Objects of the Issue
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- Working Capital Requirements
- General Corporate Purposes.
Retina Paints IPO Prospectus
Company Contact Information
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
Email: info@retinapaints.com
Website: http://www.retinapaints.com/
Retina Paints IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Retina Paints IPO Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
