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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 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

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 Size2,454,000 shares of ₹10
(aggregating up to ₹15.46 Cr)
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 Timetable

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

White Organic IPO Lot Size

The White Organic IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹126,000
Retail (Max) 1 2000 ₹126,000

White Organic IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 55.01%

White Organic IPO Review

Based on the financial parameters and recent performance, the issue appears attractively priced. Super performance for FY18 and 9MFY19 raises eyebrows. Group's tendency to change business model raises concern. Considering future plans, investors may consider investment for the long term.

Read detail review...


White Organic IPO Subscription Status (Bidding Detail)

The White Organic IPO is subscribed 1.36 times on May 2, 2019 6:49:00 PM. The public issue subscribed 0.70 times in the retail category, times in the QIB category, and 2.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.02
Retail0.70
Total1.36

White Organic IPO Prospectus

White Organic IPO Rating

111
4.2
Rating:Rated 4.2 stars
Vote Here ...

White Organic IPO Listing Date

Listing Date Friday, May 10, 2019
BSE Script Code 542667
NSE Symbol
Listing In MT Group of Securities
ISIN INE06CG01019
IPO Price ₹63 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹63.00
₹64.20
₹64.00
₹64.45
₹64.30

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 Review

White Organic IPO Recommendation Summary

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Members 0 0 0

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White Organic IPO FAQs

White Organic IPO is a SME IPO of 2,454,000 equity shares of the face value of ₹10 aggregating up to ₹15.46 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Apr 26, 2019, and closes on May 2, 2019.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The White Organic IPO opens on Apr 26, 2019 and closes on May 2, 2019.

White Organic IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in White Organic IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for White Organic IPO will be done on May 7, 2019, and the allotted shares will be credited to your demat account by May 9, 2019. Check the White Organic IPO allotment status.

The White Organic IPO listing date is on Friday, May 10, 2019.
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White Organic IPO Message Board

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23 Comments

18. JayD |   Link |May 15, 2019 12:48:32 PM
Current Price 71.75/- as at 11.48 AM....
17. Small Investor |   Link |May 9, 2019 8:53:28 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Listing will be near 65
16. Muralidhara |   Link |May 2, 2019 4:28:25 PM
can buy this ipo for long term
16.1. papon |   Link |May 2, 2019 9:38:48 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
You can buy anything for long term but business should exist
15. Dr Wolf |   Link |May 2, 2019 2:55:34 PM
Dekh lena NII/QIB wale market manipulate kar lenge..!!! Game inhi logon ke hath me hai.
14. papon |   Link |May 2, 2019 1:51:43 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
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
13. papon |   Link |Apr 30, 2019 7:21:00 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
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
12. GrowYourMoney |   Link |Apr 30, 2019 6:13:01 PM
Top Contributor Top Contributor (300+ 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.
11. medge |   Link |Apr 30, 2019 3:53:56 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ 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?
10. medge |   Link |Apr 30, 2019 3:45:19 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ 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?
9. GrowYourMoney |   Link |Apr 30, 2019 2:44:54 PM
Top Contributor Top Contributor (300+ 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
8. Hawkeye. |   Link |Apr 27, 2019 4:37:40 PM
balance sheet seems to be manipulated. promoters are not doing good at managing business of parent company. "i am not investing in this IPO"
7. Dr Wolf |   Link |Apr 25, 2019 1:36:10 PM
White Organic Agro Ltd 2
(WHITEORG | 513713 | INE146C01019)
23.35 +0.85 (+3.78%)
25 Apr 19 | 12:32 | All Prices in
7.1. JayD |   Link |Apr 26, 2019 12:49:49 PM
White Organic Agro Ltd has given Bonus in the ratio of 1:1 in February 2019. Resulting into reduce of price by 50%...
6. JayD |   Link |Apr 25, 2019 8:27:03 PM
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.

5. GrowYourMoney |   Link |Apr 23, 2019 5:03:27 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Unique co
Unique churn of Businesses
Jewelry to Infra to Real Estate to Organic Foods

5.1. JayD |   Link |Apr 24, 2019 12:43:54 PM
Is it about same issuer company.....The issue company has changed its business activity four time......? Please clarify
5.2. GrowYourMoney |   Link |Apr 25, 2019 4:45:37 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Same Issuer Co.
4. Puneet Mangal |   Link |Apr 25, 2019 2:14:20 PM
Must Apply
3. ramesh patel |   Link |Apr 22, 2019 9:50:52 AM
plz look at price of his arent companay listed in bse . you will know truth of promoters
3.1. JayD |   Link |Apr 22, 2019 5:27:35 PM
what was the issue price of parrent company...?
2. Priyansh Agrawal |   Link |Apr 21, 2019 12:16:53 AM
Dear Rajkumar, Dinesh.small invester any views
1. Stock IQ |   Link |Apr 20, 2019 6:13:45 PM
Any views ?