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Retina Paints IPO is a book build IPO listing on BSE SME exchange. The company is based in Hyderabad and caters to Chemical - Paint And Adhesives sector. Gretex Corporate Services is the merchant banker of Retina Paints IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd February 2023.
Retina Paints IPO open date is 19th April 2023 and close date is 24th April 2023. IPO Allotment Date is 27th April 2023 and Listing date is 3rd May 2023.
IPO
Size:
₹11.10
Cr.
Avg IPO Size (Sector Based)
: ₹
26.24 cr.
Sector: Chemical - Paint And Adhesives
SME IPO so far:
6
Merchant Banker:
Gretex Corporate
SME IPO by BRLM so far:
47
City:
Hyderabad
SME IPO so far:
23
Revenue (annualised):
₹
10.68
cr 
PE
Ratio:
69.77x
Average Sector PE Ratio: 22.50x
Retina Paints IPO size is Rs 11.10 Cr. crores with IPO price of Rs 30.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Gretex Corporate Services Limited is the book-running lead manager of the Retina Paints IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Retina Paints IPO.
Retina Paints IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Retina Paints IPO, based in Hyderabad, operates in the Chemical - Paint And Adhesives sector with a focus on Manufacturing of Decorative Paints. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Retina Paints IPO size is ₹ 11.10 Cr. Crores with fresh issue size of Rs 11.10 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Retina Paints IPO is expected to be 27th April 2023, after the finalization of basis of allotment. Investors can check Retina Paints IPO allotment status on the registrars website, Bigshare Services Private Limited. Retina Paints IPO refund dates are 28th April 2023.
Retina Paints IPO is expected to be listed on 3rd May 2023.
The upper price band for the Retina Paints IPO is set at ₹ 30.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Retina Paints IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Retina Paints IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 24th April 2023. After submission, funds are blocked until the basis of allotment of Retina Paints IPO is finalised.
The merchant banker for Retina Paints IPO is Gretex Corporate Services Limited . Gretex Corporate Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Retina Paints IPO RHP for further details.
The registrar for Retina Paints IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Retina Paints IPO through their official website or helpline.
Retina Paints IPO was subscribed 8.29 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
Retina Paints IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Retina Paints Financial Review Page
Merchant Banker(s) of Retina Paints IPO: Gretex Corporate Services Limited
Retina Paints IPO subscription was 8.29 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Retina Paints IPO listed at a listing price of 29.05 against the offer price of 30.00.
The current market price of Retina Paints is 60.90.
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