Retina Paints launches IPO with closing date of April 24

Retina Paints IPO: Retina Paints IPO subscription: Retina Paints' Initial Public Offering (IPO) started its subscription today with a closing date of April 24, 2023. The price band of the IPO is fixed at Rs 30 per equity share on a face value of Rs 10. The company is trying to raise Rs 11.10 crore through the IPO, which has a total issue size of 3,700,000 shares, and a lot size of 4,000 shares with Rs 120,000 as the application amount. The company has a fixed-price issue IPO. 

Providing more information about the IPO, Retina Paints says the date for the basis of allotment is April 27, 2023.

While the initiation of refunds will take place on April 28, 2023, the credit of shares to demat will be done on May 2, 2023.

The listing date for the IPO is May 3, 2023. UPI-mandate confirmation cut-off time for the IPO is 5 PM on the issue closing day.   

Incorporated in 2010, Retina Paints Ltd is an ISO 9001:2015-certified company.

The company manufactures emulsions, distempers, primers, etc., and acquired its own land and building at Rayaraopet near Ghatkesar, Hyderabad, last year.