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News Details

10/04/2023 12:50

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Retina Paints announces launch of initial public offering

Retina Paints Ltd. has announced public offering of 3700000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 20.00 per share. The gross proceeds of the issue are expected to be Rs 1,110.00 lakhs.

The company's initial public offer (IPO) will open on 19 April 2023 and is expected to close on 24 April 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 3700000 Equity Shares of the Company at an price of Rs 30.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

Retina Paints Ltd. anticipates using the proceeds of the issue for .

Gretex Corporate Services Pvt. Ltd. as lead manager & Bigshare Services Private Limited.,BTS Consultancy Services Pvt. Ltd. is the registrar(s), to the issue.