White Organic IPO is all about to make its debut on April 26, 2019 with issue size of INR 15.46cr
White Organic Retail Ltd., a 2011 incorporation situated in Mumbai, trades agricultural items such fruits, vegetables, grains, pulses, and cereals. Prior to September 2016, the business operated under the name Sapna Infraventure Private Limited and was engaged in real estate development. The business began selling and distributing organic products in October 2016. It once operated a store for its business in Mumbai’s Chembur neighborhood, but it is now shuttered. Nonetheless, the business is going to open a new location in Mumbai’s Bhandup (West).
INDUSTRY OVERVIEW
Global economic growth is slowing due to a drop in trade and manufacturing activity, which has lowered investor sentiment and global equity prices. Major economies are still embroiled in trade tensions, exacerbating concerns about global growth prospects. Borrowing costs for emerging market and developing economies (EMDEs) have risen as a result of major advanced economy central banks withdrawing policy accommodations. The strengthening of the US dollar has increased financial market volatility, resulting in capital outflows and currency pressures in some large EMDEs, as well as significant fluctuations in energy and commodity prices. Although advanced economies’ growth remains above potential, it is expected to slow due to capacity constraints and the normalization of monetary policies.
White Organic IPO Details
| IPO Date | Apr 26, 2019 to May 2, 2019 |
| Listing Date | Friday, May 10, 2019 |
| Face Value | ₹10 per share |
| Price | ₹63 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,454,000 shares of ₹10 (aggregating up to ₹15.46 Cr) |
| Market Maker portion | 124,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Prashant Mahesh Rupani, Darshak Mahesh Rupani and White Organic Agro Ltd are the promoters of the company. |
White Organic IPO Tentative Dates
White Organic IPO opens on Apr 26, 2019, and closes on May 2, 2019. The White Organic IPO bid date is from Apr 26, 2019 10.00 A.M. to May 2, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Apr 26, 2019 |
| Closing Date | May 2, 2019 |
| Basis of Allotment | May 7, 2019 |
| Initiation of Refunds | May 8, 2019 |
| Credit of Shares to Demat | May 9, 2019 |
| Listing Date | May 10, 2019 |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 6,022.65 | 5,017.40 | 1,447.81 | 1,276.55 |
| Total Revenue | 11,549.52 | 8,292.76 | 142.62 | – |
| Profit After Tax | 450.78 | 302.45 | 58.68 | 23.90 |
Objects of the Issue
The Objects of the Issue are:
- To fulfill the company’s operational funding needs
- To cover the costs associated with the issuance
- For various business-related objectives
White Organic IPO Prospectus
Company Contact Information
White Organic Retail Limited
312A, Kailas Plaza, Vallabh Baug Lane,
Ghatkopar (East), Mumbai,
Mumbai City, India, 400077
Phone: 022 25011983
Email: info@whiteorganics.co.in
Website: http://www.whiteorganics.co.in/
White Organic IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: worl.ipo@linktime.co.in
Website: https://linkintime.co.in/
White Organic IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
