Retina Paints Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Retina Paints

CMP

75.50

-0.51 (-0.67%)

  • DRHP
₹30

Offer Price

₹ 11.10 Cr

Issue Size

₹ 1,20,000

Min Investment

4,000

Lot size

Time Line

  • 19
    Apr 2023
    Open
  • 24
    Apr 2023
    Close
  • 27
    Apr 2023
    Finalisation of Basis of Allotment
  • 28
    Apr 2023
    Initiation of Refunds
  • 02
    May 2023
    Transfer of Shares to Demat Account
  • 03
    May 2023
    Listing Date

Objects of the Offer

  • Continue to focus on developing differentiated products to grow market share

  • Expand its manufacturing capacities

  • Focus on consistently meeting quality standards

  • Strong Marketing Team

  • Strategic Acquisition and Alliance Opportunities

Products & Services

  • The Company is into manufacturing of Decorative Paints like Distempers, Primers, Wall Care Products, Emulsions, etc

Strengths

  • Focus on Increase in Volume of Sales.

  • Enhance performance of existing business

  • Leveraging our market skills and relationship to serve existing clients

  • Increasing the number of Clients

  • Building-up as on Professional Organisation

Risks

  • There are outstanding legal proceedings involving the Company, its Group Entity, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

  • The company Registered Office, Branch Office and One Factory is not owned by it. The same are occupied by us on a lease basis. Disruption of its rights as lessee or termination of the agreements with its lessor would adversely impact the company operations and, consequently, its business.

  • The company engage in a highly competitive business and any failure to effectively compete could have a material adverse effect on it.

  • The company may not be able to identify or effectively respond to evolving preferences, expectations or trends in a timely manner, and a failure to derive the desired benefits from its product development efforts may impact the company competitiveness and profitability.

  • The company ability to grow its business depends on its relationships with the company dealers and the community of painters, and any adverse changes in these relationships, or its inability to enter into new relationships, could negatively affect its business and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
18.66%
Pre Holding

70.31%

Post Holding

51.65%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2022 3-Yr trend
Revenue 6.38 (-7.00%) 10.94 (71.50%) 5.16 (-)
Gross Profit 6.38 (-7.00%) 10.94 (71.50%) 5.16 (-)
Net Income 6.38 (-7.00%) 10.94 (71.50%) 5.16 (-)
Assets 6.38 (-7.00%) 10.94 (71.50%) 5.16 (-)
Liabilities 6.38 (-7.00%) 10.94 (71.50%) 5.16 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Asian Paints Ltd 29,101.28 3,030.57 22,984.45 22,984.45 21.94 31.59 148.03 13.18 0.06
Indigo Paints Ltd 905.97 84.05 919.89 919.89 12.93 17.67 136.61 9.13 0.01
Retina Paints Ltd 6.38 0.11 8.19 5.99 5.16 0.00 11.88 2.28 0.72

Book Running Managers

  • Gretex Corporate Services Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

BlockNo2 Floors 2&3 SNo184&185,
Opp Ganesh Kaman Phase V IDA,
Hyderabad - 500051
Phone : 91-7330641515 Email : info@retinapaints.com www. retinapaints.com

Offer Related Information

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... More

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