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 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

White Organic IPO Tentative Date / Timetable

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

White Organic IPO Promoter Holding

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

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

› Draft Prospectus
› Red Herring Prospectus

White Organic IPO Rating

111

4.2

Rating:

Vote Here ...

White Organic IPO Listing Date

Listing Date	Friday, May 10, 2019
BSE Script Code	542667
NSE Symbol
Listing In	MT
ISIN	INE06CG01019
Issue Price	Rs 63 Per Equity Share
Face Value	Rs 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

Dilip Davda - Subscribe for Long Term

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

White Organic IPO Lead Manager(s)

Finshore Management Services Limited

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Find White Organic IPO Latest Update

Useful Articles

White Organic IPO Review / Comments

18. JayD May 15, 2019 11:48

Current Price 71.75/- as at 11.48 AM....

17. Small Investor May 9, 2019 19:53

2 |

IPO Mentor (800+ Posts, 300+ Likes)

Listing will be near 65

16. Muralidhara May 2, 2019 15:28

5 |

can buy this ipo for long term

16.1. papon May 2, 2019 20:38

1 |

You can buy anything for long term but business should exist

15. Dr Wolf May 2, 2019 13:55

2 |

Dekh lena NII/QIB wale market manipulate kar lenge..!!! Game inhi logon ke hath me hai.

14. papon May 2, 2019 12:51

1 |

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 Apr 30, 2019 18:21

2 |

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 Apr 30, 2019 17:13

2 |

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.

11. medge Apr 30, 2019 14:53

2 |

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?

10. medge Apr 30, 2019 14:45

2 |

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?

9. GrowYourMoney Apr 30, 2019 13:44

2 |

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

8. Hawkeye. Apr 27, 2019 15:37

2 |

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 Apr 25, 2019 12:36

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 Apr 26, 2019 11:49

2 |

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 Apr 25, 2019 19:27

1 |

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 Apr 23, 2019 16:03

2 |

Top Contributor (200+ Posts, 300+ Likes)

Unique co
Unique churn of Businesses
Jewelry to Infra to Real Estate to Organic Foods

5.1. JayD Apr 24, 2019 11:43

Is it about same issuer company.....The issue company has changed its business activity four time......? Please clarify

5.2. GrowYourMoney Apr 25, 2019 15:45

Top Contributor (200+ Posts, 300+ Likes)

Same Issuer Co.

4. Puneet Mangal Apr 25, 2019 13:14

Must Apply

3. ramesh patel Apr 22, 2019 08:50

plz look at price of his arent companay listed in bse . you will know truth of promoters

3.1. JayD Apr 22, 2019 16:27

what was the issue price of parrent company...?

2. Priyansh Agrawal Apr 20, 2019 23:16

Dear Rajkumar, Dinesh.small invester any views

1. Stock IQ Apr 20, 2019 17:13

Any views ?

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