Business Standard

Retina Paints Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

11.10 cr

Price Range (₹)

30

Lot Size

4000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

19-Apr-2023

Close Date

24-Apr-2023

Listing Date

03-May-2023

Retina Paints Ltd News

    The Shares of Retina Paints Ltd have now been listed.

    Retina Paints Ltd IPO Details

    Public issue of 37,00,000 equity shares of face value of Rs. 10.00 each (Equity Shares) of Retina Paints Limited (the Company or the Issuer) for cash at a price of Rs. 30.00 per equity share including a share premium of Rs. 20.00 per equity share (the Issue Price) aggregating to Rs. 11.10 crores (The Issue) of which 1,88,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 30.00 per equity share including a share premium of Rs. 20.00 per equity share aggregating to Rs. 0.56 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 35,12,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 30.00 per equity share including a share premium of Rs. 20.00 per equity share aggregating to Rs. 10.54 crores (the Net Issue). The issue and the net issue will constitute 26.54% and 25.19% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs 10.00 and the issue price is 3.0 times of the face value of the equity shares.Minimum application size of 4000 equity shares anf in multiples of 4000 equity shares thereafter.

    Objective of issue

    Working Capital Requirements. General Corporate Purposes.

    Retina Paints Ltd Contact Details

    Retina Paints Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@retinapaints.com

    Website - www. retinapaints.com