White Organic IPO Date, Prospectus, Allotment, Listing, Reviews & StatusIncorporated 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, Incense Sticks, Aloe Vera Gel, Soap, Mukhwas, Health Powders, Syrups, Churans, Snacks, Sweeteners, 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:
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%
Company Contact Information
White Organic Retail Ltd
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
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
Latest Share Market News, Latest Share News, Latest Share Market Tips, Latest Share Market Videos, Latest Share
Market News In Hindi, Latest Share Recommendations, Latest Stock Market News, Latest Stock Market Recommendations,
Latest Stock Market News India, Latest Stock News India, Latest Stock Picks, Latest Stock Market Analysis Market
Watch, Latest Stock Market Videos
No comments:
Post a Comment