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White Organic Retail Limited IPO (White Organic IPO) Detail

Apr 26, 2019 - May 2, 2019

Incorporated in 2011, Mumbai based White Organic Retail Ltd is engaged in the trading of agriculture products such as Vegetables, Fruits, Grains, Pulses, and Cereals. Initially, before Sept 2016, the company was named as Sapna Infraventure Private Limited and involved in Real Estate Development Activity. In Oct 2016, the company started retailing and distribution operations of Organic Products. It had a store for the commercial operation at Chembur, Mumbai which is closed now. Although, the company is about to open the new store at Bhandup (West), Mumbai.

Future Plans:
The company has future plans to expand distribution and retail network, which are as follow:

1. It is planning to establish more than 40 retail outlets.
2. The company will launch new products such as Aloe Vera Juices, Incence Sticks, Aloe Vera Gel, Soap, Mukhwas, Health Powders, Syrups, Churans, Snacks, Sweetners, Cow Ghee, Jaggery, Beauty Products, etc.
3. It is also looking to introduce the capsule range of Jvara, Haldi, Amla, etc; and medicinal powders of Rasayan, Moringa, Ashwagandha, Gokharu, etc.
4. The management of the company is also looking to introduce eCommerce website and mobile application soon.
5. White Organic Retail Ltd also has plans to start export operations in future.

The competitive strengths of the company are:
1. A strong client base
2. Wide product range
3. Effective supplier relationship

Company Promoters:

Mr. Prashant Mahesh Rupani, Darshak Mahesh Rupani and White Organic Agro Ltd are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
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:

1. To meet the working capital requirements of the company
2. To meet the Issue Expenses
3. General Corporate Purposes

White Organic IPO Details

Issue OpenApr 26, 2019 - May 2, 2019
Issue TypeFixed Price Issue IPO
Issue Size2,454,000 Eq Shares of Rs 10
(aggregating up to Rs 15.46 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 63 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

White Organic IPO Tentative Date / Timetable

Bid/Offer Opens OnApr 26, 2019
Bid/Offer Closes OnMay 2, 2019
Finalisation of Basis of AllotmentMay 7, 2019
Initiation of RefundsMay 8, 2019
Credit of Shares to Demat Acct:May 9, 2019
IPO Shares Listing Date:May 10, 2019

White Organic IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding55.01%

White Organic IPO Subscription Status (Bidding Detail)

White Organic IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,165,000

1,165,000

2,330,000

May 2, 2019 18:49

2.02x

0.70x

1.36x

White Organic IPO Prospectus

White Organic IPO Rating

111
4.2
Rating:Rated 4.2 stars

Vote Here ...

White Organic IPO Listing Date

Listing DateFriday, May 10, 2019
BSE Script Code542667
NSE Symbol
Listing InMT
ISININE06CG01019
Issue PriceRs 63 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 63.00
Rs 64.20
Rs 64.00
Rs 64.45
Rs 64.30
308,000

White Organic IPO Reviews / Ratings

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: worl.ipo@linktime.co.in
Website: http://www.linkintime.co.in

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White Organic IPO Review / Comments

JayD
18. JayD  May 15, 2019 11:48 I Like It. | Report Abuse
Current Price 71.75/- as at 11.48 AM....
Small Investor
17. Small Investor  May 9, 2019 19:53 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Listing will be near 65
Muralidhara
16. Muralidhara  May 2, 2019 15:28 I Like It. 5 | Report Abuse
can buy this ipo for long term
papon
16.1. papon  May 2, 2019 20:38 I Like It. 1 | Report Abuse
You can buy anything for long term but business should exist
Dr Wolf
15. Dr Wolf  May 2, 2019 13:55 I Like It. 2 | Report Abuse
Dekh lena NII/QIB wale market manipulate kar lenge..!!! Game inhi logon ke hath me hai.
papon
14. papon  May 2, 2019 12:51 I Like It. 1 | Report Abuse
There was a qib bid of 62000 shares but it is not there now. How is it possible. Heard that qib and hni cannot withdraw their bids
papon
13. papon  Apr 30, 2019 18:21 I Like It. 2 | Report Abuse
Parent company white organic touched 52 week low today and when its subsidiary IPO is open, now rs 20.7. Market cap approx 72 crores. Promoters holding only 25%, seems no faith on their own business
GrowYourMoney
12. GrowYourMoney  Apr 30, 2019 17:13 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
introduction itself funny
Co had a store at Chembur which is closed now.
Co now plan to open another at Bhandup .

unable to run a store & raising Money through IPO.
medge
11. medge  Apr 30, 2019 14:53 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
if they have launched franchisee model for retail outlets to expand business then why they need investor money?
are this giving franchisee free to operate / selling products?
medge
10. medge  Apr 30, 2019 14:45 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
when u clicked on product links on this company website, its coming page not found.
Retail business IPO but unable to search any product on Google
does anyone know what kind of product this retail company is selling?
GrowYourMoney
9. GrowYourMoney  Apr 30, 2019 13:44 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Sab Gol Maal hai...
Sidhe Raste ki Tedhi Chal hai...

Shady Business
Shady Balance Sheet

Better to preserve capital and stay away
Hawkeye.
8. Hawkeye.  Apr 27, 2019 15:37 I Like It. 2 | Report Abuse
balance sheet seems to be manipulated. promoters are not doing good at managing business of parent company. "i am not investing in this IPO"
Dr Wolf
7. Dr Wolf  Apr 25, 2019 12:36 I Like It. | Report Abuse
White Organic Agro Ltd 2
(WHITEORG | 513713 | INE146C01019)
23.35 +0.85 (+3.78%)
25 Apr 19 | 12:32 | All Prices in
JayD
7.1. JayD  Apr 26, 2019 11:49 I Like It. 2 | Report Abuse
White Organic Agro Ltd has given Bonus in the ratio of 1:1 in February 2019. Resulting into reduce of price by 50%...
JayD
6. JayD  Apr 25, 2019 19:27 I Like It. 1 | Report Abuse
As per Prospectus when i go through, it has been found that the parent listed company has transfer its activity from Diamond cutting, polishing and trading to Organic Agro Based activity like farming, culivation etc.

The Issuer company was incorporated to deal in Real Estate but seeing the opportunity in Dealing in Organic and Agro Product diversified to this business. Ther are basically distributor and not presently into manufacturing.

GrowYourMoney
5. GrowYourMoney  Apr 23, 2019 16:03 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Unique co
Unique churn of Businesses
Jewelry to Infra to Real Estate to Organic Foods

JayD
5.1. JayD  Apr 24, 2019 11:43 I Like It. | Report Abuse
Is it about same issuer company.....The issue company has changed its business activity four time......? Please clarify
GrowYourMoney
5.2. GrowYourMoney  Apr 25, 2019 15:45 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Same Issuer Co.
Puneet Mangal
4. Puneet Mangal  Apr 25, 2019 13:14 I Like It. | Report Abuse
Must Apply
ramesh patel
3. ramesh patel  Apr 22, 2019 08:50 I Like It. | Report Abuse
plz look at price of his arent companay listed in bse . you will know truth of promoters
JayD
3.1. JayD  Apr 22, 2019 16:27 I Like It. | Report Abuse
what was the issue price of parrent company...?
Priyansh Agrawal
2. Priyansh Agrawal  Apr 20, 2019 23:16 I Like It. | Report Abuse
Dear Rajkumar, Dinesh.small invester any views
Stock IQ
1. Stock IQ  Apr 20, 2019 17:13 I Like It. | Report Abuse
Any views ?



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