
Chemicals & Coatings · BSE
Incorporated in 2010, Retina Paints Limited manufactures decorative paints, including distempers, wall care products, primers, and emulsions, catering to both residential and commercial buildings. The company recently introduced tinting machines to enhance operational efficiency, featuring multiple colorant reservoirs and dispenser heads for precise paint mixing. Operating on a B2B model, Retina Paints sells its products to dealers and distributors, who then supply them to end customers, while aiming to expand its presence across India and potentially nationwide.
Price Band
₹30
Issue Size
₹11.10 Cr
Lot Size
4000 shares
GMP
Est. Listing
₹30
at current GMP
Subscribed
8.29x
overall
Open
19 Apr 2023
Close
24 Apr 2023
Allotment
29 Apr 2023
Refund
30 Apr 2023
Demat Credit
1 May 2023
Listing
3 May 2023
Overall Subscription
8.29x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,850,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 555,000 | — | 0.00x |
| Retail Individual (RII) | 1,295,000 | — | 0.00x |
| Total | 3,700,000 | 0 | 8.29x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 324 | 2,686 | 8.29x |
| HNIs (10L +) | 2 | 17 | 8.50x |
| HNIs (2-10L) | 10 | 83 | 8.30x |
| Total Applications | 336 | 2,786 | 8.29x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Retina Paints Limited is bringing an initial public offering (IPO) in the Chemicals & Coatings sector with an aggregate issue size of ₹11.1 Crores. The shares are offered at a price band of ₹30 to ₹30 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-05-01, while un-allotted funds or UPI block mandates will be released on 2023-04-30.
Currently, Retina Paints Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹30 to ₹30 per equity share.
The retail lot size is 4000 shares requiring a minimum application amount of ₹1,20,000. Expected listing price is ₹30 per equity share.
The Retina Paints Limited IPO aggregate issue size is ₹11.1 Crores with an equity price band set at ₹30 to ₹30 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,20,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 8.29x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-04-29. Investors can verify status using PAN card or application number.
Retina Paints Limited shares are scheduled to list on BSE on 2023-05-03.