Retina Paints Ltd - IPO

Retina Paints Ltd IPO Details

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 aggregating to Rs. 0.56 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 35,12,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 30.00 per equity share including a share premium of Rs. 20.00 per equity share aggregating to Rs. 10.54 crores (the Net Issue). The issue and the net issue will constitute 26.54% and 25.19% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs 10.00 and the issue price is 3.0 times of the face value of the equity shares.Minimum application size of 4000 equity shares anf in multiples of 4000 equity shares thereafter.

Objective of issue

Working Capital Requirements. General Corporate Purposes.

Retina Paints Ltd Contact Details

Retina Paints Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@retinapaints.com

Website - www., retinapaints.com