The Initial Public Offering (IPO) for Retina Paints Limited will is set to hit the market on April 19. The SME IPO will open for subscription on April 19 and will close on April 24, 2023. Bigshare Services Private Limited is the registrar for Retina Paints IPO issue.
The reservation on offer in Retina Paints IPO is 50% for retail investors and 50% for others. The lot size for retail and HNI investors is 4000 shares for Rs.1,20,000 and 8,000 shares for Rs. 2,40,000 respectively.
Retina Paints Limited, incorporated in 2010, is engaged in the manufacturing of decorative paints and operates on a Business-to-Business model, selling their products to dealers. The company aims to raise Rs. 11.10 cr through its IPO for working capital requirements and general corporate purposes.
Retina Paints IPO Issue and Share Price details:
Listing type– BSE IPO
IPO issue date– April 19-24, 2023
Issue type– Fixed price issue IPO
Face Value– Rs. 10 per share
Price band– Rs. 30 per share
Lot size– 4,000 shares
Total issue size– 3,700,000 shares
IPO size– 11.10 crore
Retina Paints IPO Important Dates
Opening date– April 19, 2023
Closing date– April 24, 2023
Basis of allotment date– April 27, 2023
Initiation of refunds– April 28, 2023
Credit of shares in Demat account– May 2, 2023
BSE Listing date– May 3, 2023
Retina Paints IPO GMP
The Grey Market Premium (GMP) rates live updates will follow here during the Retina Paints IPO issue opening phase. The market observers are yet to put their opinions forth on how the GMP for this IPO looks like.
Retina Paints IPO Subscription Status
The IPO subscription status will be live updated here during the 5-days window of the issue offer.
Retina Paints IPO Allotment Status
The investors can check their allotment status of their shares bid application on April 27, 2023 through the official websites of Bombay Stock Exchange (BSE) India and Registrar BigShare Services Pvt. Ltd.
Here’s how to check Retina Paints IPO allotment status online:
- Visit Retina Paints IPO registrar BigShare Services Private Limited website- https://www.bigshareonline.com/ and navigate to the ‘IPO allotment status’ section at link- https://www.bigshareonline.com/ipo_Allotment.html
- Once on the page, select the Company ‘Retina Paints Limited’ and proceed to enter any of the following details- PAN, Application number or Beneficiary ID and hit ‘Search’ button to check the allotment status.
- BSE website also provides the facility to check the application status and allotment status. Visit the ‘Status of Issue Application’ section under ‘Investors’ at this link- https://www.bseindia.com/investors/appli_check.aspx.
Get more IPO details here from IPOSingh.
