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Open
26 Apr to 2 May, 2019
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Close
26 Apr to 2 May, 2019
3
Allotment
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Listing
Fri, May 10, 2019
Price Band
₹63 per share
Issue Size
24,54,000 shares (agg. up to ₹15 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, May 10, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.18x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 60.23 | 50.17 | 14.48 | 12.77 |
| Total Income | 116.35 | 84.00 | 2.55 | 1.07 |
| Profit After Tax | 4.51 | 3.02 | 0.59 | 0.24 |
| EBITDA | 6.25 | 4.38 | 0.86 | 0.35 |
| NET Worth | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 20.37 | 4.48 | 1.46 | 0.87 |
| Total Borrowing | 0.00 | 0.00 | 0.00 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Northern Spirits Ltd. | SME | ₹18.50 Cr | ₹43 | null | ₹43.10 | +0.23% | ₹131.45 (-1.17%) |
| Gleam Fabmat Ltd. | SME | ₹3.12 Cr | ₹10 | null | ₹8.55 | -14.50% | ₹22.00 (-4.80%) |
| Diksha Greens Ltd. | SME | ₹13.32 Cr | ₹30 | null | ₹35.90 | +19.67% | ₹1.12 (+1.82%) |
| Roni Households Ltd. | SME | ₹3.00 Cr | ₹20 | null | ₹20.50 | +2.50% | ₹39.90 (+5.00%) |
| Sun Retail Ltd. | SME | ₹10.12 Cr | ₹23 | null | ₹37.80 | +64.35% | ₹0.28 (+0.00%) |
| AKG Exim Ltd. | SME | ₹5.52 Cr | ₹31 | null | ₹32.00 | +3.23% | ₹9.91 (-0.80%) |
| Palm Jewels Ltd. | SME | ₹8.90 Cr | ₹30 | null | ₹35.85 | +19.50% | ₹14.86 (-3.51%) |
| MSTC Ltd. | Mainboard | ₹211.04 Cr | ₹120 | null | ₹113.95 | -5.04% | ₹594.55 (-6.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 12.51 |
| 2 | Issue related expenses | 0.95 |
| 3 | General corporate purposes | 2.00 |
About White Organic Retail IPO
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
Contact Details
White Organic Retail Ltd. Address312A, Kailas PlazaVallabh Baug LaneGhatkopar (East)Mumbai, Maharashtra, 400077022 25011983info@whiteorganics.co.inVisit Website