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.
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
Mr. Prashant Mahesh Rupani, Darshak Mahesh Rupani and White Organic Agro Ltd are the promoters of the company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||450.78||302.45||58.68||23.90|
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
|Issue Open||Apr 26, 2019 - May 2, 2019|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,454,000 Eq Shares of Rs 10 |
(aggregating up to Rs 15.46 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 63 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Apr 26, 2019|
|Bid/Offer Closes On||May 2, 2019|
|Finalisation of Basis of Allotment||May 7, 2019|
|Initiation of Refunds||May 8, 2019|
|Credit of Shares to Demat Acct:||May 9, 2019|
|IPO Shares Listing Date:||May 10, 2019|
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||55.01%|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
May 2, 2019 18:49
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White Organic Retail Limited
312A, Kailas Plaza, Vallabh Baug Lane,
Ghatkopar (East), Mumbai,
Mumbai City, India, 400077
Phone: 022 25011983
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