31 Mar 2020
Assets6.70
Total Income6.81
Profit After Tax0.05
NET Worth0.91
Reserves and Surplus0.19
Total Borrowing3.19
At a glance
Updated 2026-09-17Retina Paints is a SME IPO with an issue size of ₹11.10 crore, proposed for listing on BSE SME. The offer opens on 19th Apr 2023 and closes on 24th Apr 2023. The issue structure includes a fresh issue of ₹10.54 crore.
Issue details
Listing atBSE SME
Issue typeFixed Price Issue
Issue size₹11.10 Cr
Fresh issue₹10.54 Cr
Face value₹10
Price band—–—
Allotment27th Apr 2023
Listing3rd May 2023
Grey market
GMP page ↗Latest GMP₹5.00
GMP / upper priceNO DATA
Est. listing₹35.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19th Apr 2023
Closes24th Apr 2023
Allotment27th Apr 2023
Refund28th Apr 2023
Demat2nd May 2023
Listing3rd May 2023
Subscription demand
Full bidding ↗Total8.70×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | — |
Company
Incorporated2010
Use of proceeds
| Object | Amount |
|---|---|
| Working Capital Requirements | ₹8.00 Cr |
| General Corporate Purposes | ₹2.10 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue5.34₹ Cr · -17.5% vs prior year
PAT0.40₹ Cr · +263.6% vs prior year
Assets20.75₹ Cr · +78.4% vs prior year
Net Worth12.41₹ Cr · +464.1% vs prior year
Borrowing4.33₹ Cr · -26.4% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets9.87
Total Income6.86
Profit After Tax0.05
NET Worth0.95
Reserves and Surplus0.23
Total Borrowing6.14
31 Mar 2022
Assets11.63
Total Income6.47
Profit After Tax0.11
NET Worth2.20
Reserves and Surplus0.35
Total Borrowing5.88
30 Nov 2022
Assets20.75
Total Income5.34
Profit After Tax0.40
NET Worth12.41
Reserves and Surplus7.29
Total Borrowing4.33
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Retina Paints IPO | — | 69.77 x | — | — |
| Arunaya Organics IPO | — | 21.21 x | — | — |
| MCON Rasayan IPO | — | 14.71 x | — | — |
| Srivasavi Adhesive IPO | — | 16.08 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Payment to the Lead Manager | ₹0.34 Cr |
| Market Making Fees | ₹0.10 Cr |
| Fees payable to Registrar to Issue | ₹0.01 Cr |
| Fees to Legal Advisor | ₹0.01 Cr |
| Advertisement Expenses | ₹0.05 Cr |
| Fees payable to Regulators including Stock Exchange | ₹0.02 Cr |
| Printing & Distribution Expenses | ₹0.01 Cr |
| Marketing & Selling Expenses | ₹0.45 Cr |
| Payment to Sponsor Bank | ₹0.01 Cr |
| Statutory & Other Reports | ₹0.02 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Gretex Corporate Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-17.
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