White Organic Retail is incorporated 2011 based in Mumbai. The company is a trader of agriculture products like vegetables, fruits, grains, pulses, cereals and more. The company has a future plan of expansion of distribution and retail network. They are planning to establish 40 retail outlet and launch of new products like aloe vera juice, incense sticks, soap, mukhwas, health powder, syrups, jaggery, beauty products, etc. The capsule products include jvara, haldi, amla and powders include ashwagandha, rasayan, gokharu and more. White Organic is a BSE SME IPO. White Organic ipo is starting from 26-April and ends on 02-May. The price band is around ₹63 with 2000 market lot. The ipo size is around ₹15.46 crore rupees.
IPO Review:
- Avoid
White Organic IPO Dates & Price Band:
- IPO Open: 26-April-2019
- IPO Close: 02-May-2019
- IPO Size: Approx ₹15.46 Crore
- Face Value: ₹10 Per Equity Share
- Price Band: ₹63 Per Equity Share
- Listing on: BSE SME
- Shares: 2,454,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 2,000 Shares (Minimum Lot Size)
- Amount: ₹1,26,000
IPO Allotment & Listing:
- Basis of Allotment: 07-May-2019
- Refunds: 08-May-2019
- Credit to demat accounts: 09-May-2019
- Listing: 10-May-2019
Financial Results:
| Rs. in Crore | |||||
| Revenue | Expenses | PAT | |||
| 2015 | – | – | – | ||
| 2016 | 1.07 | 0.72 | 0.24 | ||
| 2017 | 2.55 | 1.63 | 0.59 | ||
| 2018 | 84.00 | 79.62 | 3.02 | ||
| 2019 (9M) | 116.35 | 110.10 | 4.51 | ||
White Organic Retail IPO Important Links:
White Organic Retail IPO Allotment Status:
Company Promoters:
- Mr. Prashant Mahesh Rupani
- Darshak Mahesh Rupani
- White Organic Agro Ltd.
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus
IPO Registrar:
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
IPO Lead Managers:
- Finshore Management Services Limited
Company Address:
White Organic Retail Ltd
312A, Kailas Plaza, Vallabh Baug Lane,
Ghatkopar (East), Mumbai,
Mumbai City, India, 400077
Phone: 022 25011983
Email: [email protected]
Website: http://www.whiteorganics.co.in/
