(This is only an advertisement for
information purposes and is not a prospectus announcement. Not for distribution outside
India.)
 |
RETINA
PAINTS LIMITED |
Corporate Identilication Number: U24232TG2010PLC071018 |
Our Company was originally incorporated on November 01, 2010 as a
Private Limited Company as "Retina Paints Private Limited" under the provisions
of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh. Later in the
year 2022. pursuant to a Special Resolution of our Shareholders passed in the
Extra-Ordinary General Meeting held on December 05, 2022, our Company was converted from a
Private Limited Company to Public Limited Company and consequently, the name of our
Company was changed to 'Retina Paints Limited' and a Fresh Certificate of Incorporation
consequent to Conversion was issued on December 26, 2022 by the Registrar of Companies,
Hyderabad. The Corporate Identification Number of our Company is U24232TG2010PLC071018.
Registered
Office: Block No 2. Floors 2 & 3, Survey No. 184 & 185. Opp Ganesh Kaman.
Phase V, IDA, Cherlapally. Hyderabad- 500051, Rangareddi, Telangana, India. |
Contact Person:
Mr. Krishnamachari Ramu, Company Secretary and Compliance Officer; |
Tel: 73306
41515 | E-mail: info@retinapaints.com | Website:
www.retinapaints.com |
PROMOTER OF OUR
COMPANY: MR. RAKESH DOMMATI AND MS. RAJITHA KOYYADA |
BASIS OF ALLOTMENT |
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.
1,110,00 LAKH ("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 56.40 LAKH 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. 1053.60 LAKH (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 OUR COMPANY.
THE
FACE VALUE OF THE EQUITY SHARE IS Rs. 10.00,THE ISSUE PRICE IS Rs. 30.00 PER EQUITY SHARE
AND |
THE
ISSUE PRICE IS 3.0 TIMES OF THE FACE VALUE OF THE EQUITY SHARES |
ISSUE PERIOD |
ISSUE
OPENED ON: WEDNESDAY, APRIL 19, 2023 |
ISSUE CLOSED ON: MONDAY, APRIL 24, 2023 |
The Equity Shares of the Company are proposed to be listed on the SME
Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations. 2018
as amended from time to time. Our Company has received an In-Principle approval from BSE
for the listing of the Equity Shares pursuant to letter dated March 23, 2023. BSE Limited
shall be the Designated Stock Exchange for the purpose of this Issue. The trading is
proposed to be commenced on or before May 03, 2023 (Subject to receipt of listing and
trading approvals from the BSE Limited).
The Issue is being made through the Fixed Price Process, the allocation
in the Net Issue to the Public Category shall be made pursuant to Regulation 253(2) of the
SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of
the Net Issue of shares to the Public shall initially be made available for allotment to
Retail Individual Investors. The balance of Net Issue of Shares to the public shall be
made available for allotment to Individual Applicants other than Retail Individual
Investors and other Investors, including Corporate Bodies / Institutions irrespective of
Number of Shares applied for. If the Retail Individual Investor Category is entitled to
more than 50% on proportionate basis, they shall be allotted that higher percentage. Under
subscription, if any, in any of the categories, would be allowed to be met with spill-over
from any of the other categories or a combination of categories at the discretion of our
Company in consultation with the Lead Manager and the Designated Stock Exchange. Such
inter-se spill over, if any, would be affected in accordance with applicable laws, rules,
regulations and guidelines. All potential investors shall participate in the Issue only
through an Application Supported by Blocked Amount ("ASBA") process including
through UPl mode (as applicable) by providing details of the irrespective bank accounts
and / or UPI IDs, in case of Rlls, if applicable, which will be blocked by the
Self-Certified Syndicate Banks ("SCSBs").
The Issue has received 7639 applications for 4,09,88,000 Equity Shares
(before technical rejections, and Bids not banked) including Market Making application of
1,88,000 Equity Shares. The Issue was subscribed to the extent of 11.08 times as per the
bid book received from BSE Limited. After considering invalid bids, bids not banked and
technical rejection cases from the Bid book, the Issue was subscribed by 8.17 times
including Market Making Reservation Portion. The details of the applications received in
the Issue (before technical rejections but after Invalid Bids Multiple/ Duplicate and Bids
not banked) are as follows:
Detail of the Applications Received :
Category |
Gross |
Less: Rejections |
Valid |
No. of Applications |
Equity
Shares |
No.
of Applications |
Equity
Shares |
No.
of Applications |
Equity
Shares |
Market Maker |
1 |
1,88,000 |
- |
- |
1 |
1,88.000 |
Retail Individual Applicant |
4846 |
1.93,84,000 |
102 |
4,08,000 |
4744 |
1,89,76,000 |
Other than Retail Individual Applicant |
334 |
11,24,4000 |
11 |
1,84,000 |
323 |
1,10,60,000 |
TOTAL |
5181 |
3,08,16,000 |
113 |
5,92,000 |
5068 |
3.02,24,000 |
The Basis of Allotment was finalised in consultation with the
Designated Stock Exchange - BSE Limited on April 27, 2023.
A) |
Allocation to Market Maker
(After Technical Rejections & Withdrawals): The Basis of Allotment to the Market
Maker, at the Issue Price of Rs. 30.00 per Equity Share, was finalised in consultation
with BSE Limited. The category was subscribed by 1.00 times. The total number of shares
allotted in this category is 1.88,000 Equity Shares. The category-wise details of the
Basis of Allotment are as under: |
No. of Shares Applied for (Category Wise] |
No.
of Applications Received |
%
to Total |
Total
No. of Shares Applied in Each Category |
%
to Total |
Allocation
per Applicant (Before Rounding Off) |
Allocation
per Applicant (After Rounding Off) |
Ratio of Allottees to the Applicant |
Total
No. of Shares Allotted |
1,88,000 |
1 |
100.00 |
1,88,000 |
100.00 |
1,88,000 |
1,88,000 |
|
1 |
1,88,000 |
Total |
1 |
100.00 |
1,88,000 |
100.00 |
|
|
|
|
1,88,000 |
B) |
Allocation to Retail
Individual Investors (After Technical Rejections & Withdrawals): The Basis of
Allotment to the Retail Individual Investors, at the Issue Price of Rs. 30.00 per Equity
Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of
the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category
is 22,20,000 Equity Shares. The category was subscribed by 8.55 times. The category-wise
details of the Basis of Allotment are as under: |
No. of Shares Applied for (Category Wise) |
No. of Applications Received |
% to Total |
Total No. of Shares Applied in Each Category |
% to Total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Number of successful applicant (after rounding off) |
% to total |
Total no. of Shares Allocated/ allotted |
% to total |
No. of Shares Surplus/ Deficit |
(before rounding off) |
(after
rounding off) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
4000 |
4744 |
100.00 |
18.97,6000 |
100.00 |
22.20.000 |
467.96 |
4000 |
42 |
359 |
555 |
100.00 |
22,20,000 |
100.00 |
0 |
Grand Total |
4744 |
100.00 |
18.97,6000 |
100.00 |
22,20.000 |
|
|
|
|
555 |
100.00 |
22,20,000 |
100.00 |
0 |
C) |
Allocation to Other than
Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis
of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 30.00 per Equity
Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of
the SEBI (ICOR) Regulations, 2018, the total number of shares allocated in this category
is 12,92,000 Equity Shares. The category v/as subscribed by 8.56 times. The category-wise
details of the Basis of Allotment are as under |
No. of Shares Applied for (Category Wise) |
No. of Applications Received |
% to Total |
Total No. of Shares Applied in Each Category |
% to Total |
Proportionate shares available |
Allocation per Applicant |
Ratio of allottees to applicants |
Number of successful applicant (after rounding off) |
% to total |
Total no. of Shares Allocated./ allotted |
%to total |
No. of Shares Surplus/ Deficit |
(before rounding off) |
(after
rounding off) |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
8000 |
123 |
38.08 |
984000 |
8.90 |
114948 |
934.54 |
4000 |
29 |
123 |
29 |
16.48 |
116000 |
8.98 |
1052 |
12000 |
24 |
7.43 |
288000 |
2.60 |
33643 |
1401.79 |
4000 |
1 |
3 |
8 |
4.55 |
32000 |
2.48 |
-1643 |
16000 |
45 |
13.93 |
720000 |
6.51 |
84110 |
1869.09 |
4000 |
7 |
15 |
21 |
11.93 |
84000 |
6.50 |
-110 |
20000 |
20 |
6.19 |
400000 |
3.62 |
46727 |
2336.35 |
4000 |
3 |
5 |
12 |
6.82 |
48000 |
3.72 |
1273 |
24000 |
7 |
2.17 |
168000 |
1.52 |
19625 |
2803.57 |
4000 |
5 |
7 |
5 |
2.84 |
20000 |
1.55 |
375 |
28000 |
11 |
3.41 |
308000 |
2.78 |
35980 |
3270.91 |
4000 |
9 |
11 |
9 |
5.11 |
36000 |
2.79 |
20 |
32000 |
16 |
4.95 |
512000 |
4.63 |
59810 |
3738.13 |
4000 |
15 |
16 |
15 |
8.52 |
60000 |
4.64 |
190 |
36000 |
12 |
3.72 |
432000 |
3.91 |
50465 |
4205.42 |
4000 |
1 |
1 |
12 |
6.82 |
48000 |
3.72 |
-2465 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
1 |
12 |
|
0.00 |
4000 |
0.31 |
4000 |
40000 |
19 |
5.88 |
760000 |
6.87 |
88781 |
4672.68 |
4000 |
1 |
1 |
19 |
10.80 |
76000 |
5.88 |
-12781 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
3 |
19 |
|
0.00 |
12000 |
0.93 |
12000 |
44000 |
2 |
0.62 |
88000 |
0.80 |
10280 |
5140 |
4000 |
1 |
1 |
2 |
1.14 |
8000 |
0.62 |
-2280 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
1 |
2 |
|
0.00 |
4000 |
0.31 |
4000 |
48000 |
3 |
0.93 |
144000 |
1.30 |
16822 |
5607.33 |
4000 |
1 |
1 |
3 |
1.70 |
12000 |
0.93 |
-4822 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
1 |
3 |
|
0.00 |
4000 |
0.31 |
4000 |
60000 |
3 |
0.93 |
180000 |
1.63 |
21027 |
7009 |
4000 |
1 |
1 |
3 |
1.70 |
12000 |
0.93 |
-9027 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
2 |
3 |
|
0.00 |
8000 |
0.62 |
8000 |
64000 |
4 |
1.24 |
256000 |
2.31 |
29905 |
7476.25 |
4000 |
1 |
1 |
4 |
2.27 |
16000 |
1.24 |
-13905 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
3 |
4 |
|
0.00 |
12000 |
0.93 |
12000 |
72000 |
1 |
0.31 |
72000 |
0.65 |
8411 |
8411 |
8000 |
1 |
1 |
1 |
0.57 |
8000 |
0.62 |
-411 |
76000 |
1 |
0.31 |
76000 |
0.69 |
8878 |
8878 |
8000 |
1 |
1 |
1 |
0.57 |
8000 |
0.62 |
-878 |
80000 |
3 |
0.93 |
240000 |
2.17 |
28036 |
9345.33 |
8000 |
1 |
1 |
3 |
1.70 |
24000 |
1.86 |
-4036 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
1 |
3 |
|
0.00 |
4000 |
0.31 |
4000 |
100000 |
11 |
3.41 |
1100000 |
9.95 |
128499 |
11681.73 |
8000 |
1 |
1 |
11 |
6.25 |
88000 |
681 |
-40499 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
10 |
11 |
|
0.00 |
40000 |
3.10 |
40000 |
104000 |
1 |
0.31 |
104000 |
0.94 |
12149 |
12149 |
12000 |
1 |
1 |
1 |
0.57 |
12000 |
0.93 |
-149 |
120000 |
4 |
1.24 |
480000 |
4.34 |
56072 |
14018 |
12000 |
1 |
1 |
4 |
2.27 |
48000 |
3.72 |
-8072 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
1 |
2 |
|
0.00 |
8000 |
0.62 |
8000 |
160000 |
1 |
0.31 |
160000 |
1.45 |
18691 |
18691 |
20000 |
1 |
1 |
1 |
0.57 |
20000 |
1.55 |
1309 |
168000 |
2 |
0.62 |
336000 |
3.04 |
39251 |
19625.5 |
20000 |
1 |
1 |
2 |
1.14 |
40000 |
3.10 |
749 |
200000 |
3 |
0.93 |
600000 |
5.42 |
70090 |
23363.33 |
20000 |
1 |
1 |
3 |
1.70 |
60000 |
4.64 |
-10090 |
|
|
0.00 |
|
0.00 |
|
|
4000 |
2 |
3 |
|
0.00 |
8000 |
0.62 |
8000 |
240000 |
1 |
0.31 |
240000 |
2.17 |
28036 |
28036 |
28000 |
1 |
1 |
1 |
0.57 |
28000 |
2.17 |
-36 |
300000 |
1 |
0.31 |
300000 |
2.71 |
35045 |
35045 |
36000 |
1 |
1 |
1 |
0.57 |
36000 |
2.79 |
955 |
332000 |
1 |
0.31 |
332000 |
3.00 |
38784 |
38783 |
40000 |
1 |
1 |
1 |
0.57 |
40000 |
3.10 |
1216 |
340000 |
2 |
0.62 |
680000 |
6.15 |
79436 |
39718 |
40000 |
1 |
1 |
2 |
1.14 |
80000 |
6.19 |
564 |
400000 |
1 |
0.31 |
400000 |
3.62 |
46727 |
46727 |
48000 |
1 |
1 |
1 |
0.57 |
48000 |
3.72 |
1273 |
700000 |
1 |
0.31 |
700000 |
6.33 |
81772 |
81772 |
80000 |
1 |
1 |
1 |
0.57 |
80000 |
6.19 |
-1772 |
Total |
323 |
100.00 |
11060000 |
100.00 |
1292000 |
|
|
|
|
176 |
100.00 |
1292000 |
100.00 |
0 |
The Board of Directors of the Company at its meeting held on April 27,
2023, has taken on record the Basis of Allotment of Equity Shares, as approved by the
Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the
allotment of the Equity Shares to various successful applicants.
The CAN and Allotment Advice and / or notices shall be dispatched to
the address of the investors as registered with the depositories on or before Friday.
April 28, 2023. Further, the instructions to Self-Certified Syndicate Banks will be
processed on or before Friday. April 28, 2023 for unblocking of funds. The Equity Shares
allotted to successful applicants are being credited to their beneficiary accounts subject
to validation of the account details with the depositories concerned. In case the same is
not received within prescribed time, investors may contact the Registrar to the Issue at
the address given below. The Company is taking steps to get the Equity Shares admitted for
trading on the SME Platform of BSE Limited within 6 working days from the Closure of the
Issue. The trading is proposed to be commenced on or before Wednesday, May 03, 2023
subject to receipt of listing and trading approvals from BSE Limited.
Note: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus dated April 04, 2023
("Prospectus")
The details of the allotment made has been hosted on the website of the
Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com
LEAD
MANAGER TO THE ISSUE |
REGISTRAR TO
THE ISSUE |
COMPANY
SECRETARY AND COMPLIANCE OFFICER |
 |
 |
 |
GRETEX
CORPORATE SERVICES LIMITED |
BIGSHARE
SERVICES PRIVATE LIMITED |
RETINA PAINTS
LIMITED |
Office No.
13, 1st Floor, New Bansilal Building. Raja |
Office No $6-2,
6th Floor. Pinnacle Business Park. Next to |
Mr.
Krishnamachari Ramu |
Bahadur
Mansion. 9-15. Homi Modi Street. Fort. |
Ahura Centre,
Mahakali Caves Road. Andheri (East), |
Company Secretary
and Compliance Officer |
Mumbai -
400001 |
Mumbai-400059,
India. |
Block No 2,
Floors 2 & 3, Survey No. 184 & 185, Opp |
Tel
No.: +91 96532 49863 |
Tel: +91 -
22 - 6263 8200 |
Ganesh Kaman.
Phase V. IDA. Cherlapally. Hyderabad- |
Email: info@gretexgroup.com |
Fax No.:
+91 - 22 - 6263 8299 |
500051.
Rangareddi. Telangana, India |
Website:
www.gretexcorporate.com |
Email: ipo@bigshareonline.com; |
Tel No.:
7330641515 |
Contact
Person: Ms. Dimple Magharam Slun |
Website: www.bigshareonline.com |
E-mail: info@retinapaints.com |
SEBI
Registration No: INM000012177 |
Investor
Grievance Email: investor@bigshareonline.com |
Website: www.retinapaints.com |
CIN:
L74999MH2008PLC288128 |
Contact
Person: Mr. Swapnil Kate |
Investors can
contact the Compliance Officer or the |
|
SEBI
Registration No.: INR000001385 |
Registrar to the
Issue in case of any pre-issue or post-issue |
|
CIN:
U99999MH1994PTC076534 |
related problems,
such as non-receipt of letters of |
|
|
allotment, credit
of allotted shares in the respective |
|
|
beneficiary
account, etc. |
|
FOR RETINA PAINTS LIMITED |
|
Sd/- |
Date: April 28,
2023 |
Rakesh Dommati |
Place: Hyderabad |
Managing Director DIN: 03214046 |
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER
THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF RETINA PAINTS
LIMITED. RETINA PAINTS LIMITED is proposing, subject to applicable statutory and
regulatory requirements, receipt of requisite approvals, market conditions and other
considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus
with the Registrar of Companies. Hyderabad. The Prospectus is available on the website of
SEBI at www.sebi.gov.in. the website of the Lead
Manager at www.gretexcorporate.com, the
website of the BSE Limited i.e. www.bseindia.com,
and website of the Issuer Company at www.retinapaints.com
Investors should note that investment in Equity Shares involves a high degree of risk. For
details investors should refer to and rely on the Prospectus including the section titled
"Risk Factors beginning on page 26 of the Prospectus.
The Equity Shares have not been and will not be registered under the US
Securities Act (the "Securities Act) or any state securities law in United
States and may not be Issued or sold within the United States or to, or for the account or
benefit of, "U.S. persons" (as defined in the Regulations under the Securities
Act), except pursuant to an exemption from, or in a transaction not subject to the
registration requirements of the Securities Act of 1933.