White Organic Retail Private Limited, a Mumbai based company engaged in trading of agricultural products including organic and other products, is issuing the IPO (Initial Public Offering). Equity shares of face value Rs 10 are being offered during the issue at a price of Rs 63 per equity share including a premium price of Rs 53. In this issue, 24,54,000 equity shares worth Rs 15.46 crore are to be launched. White Organic Retail IPO issue opens on 26th April 2019 and it closes on 2nd May 2019. After allocation, the shares will be listed on the SME platform of BSE (Bombay Stock Exchange).
About White Organic Retail Private Limited
White Organic Retail Private Limited was incorporated in the year 2011 in Mumbai. It is engaged in the trading of agricultural products including organic and other products. It trades products like Cereals, Pulses, Grains, Fruits and Vegetables. The company management has launched the franchisee module for the retail network. In the first phase of expansion, the company is looking to set up more than 40 retail outlets across Mumbai, Pune, Nasik, Ahmedabad, Surat, Vadodara, Rajkot and different educated, Health conscious and densely populated sectors across India. The company is planning for introducing a wide range of products like; Cow Ghee, Jaggery and Moringa, Sweeteners, Juices, Beauty Products, Snacks, Syrups, Health Powders, Churans, Mukhwas, Incense Sticks, Soap, Aloe Vera Juices, Aloe Vera Gel etc. The company is also planning to launch the capsule range like Amla, Haldi, Jvara etc and medicinal and nutritional powders like Amla, Ashwagandha, Gokharu, Moringa, Rasayan etc.
This company is promoted by White Organic Agro Limited, Mr Darshak Mahesh Rupani and Mr Prashantt Mahesh Rupani. As on 31st December 2019, the total assets of the company stands at Rs 60.22 crores and the total revenue stands at Rs 115.49 crore.
White Organic Retail IPO – Issue Details
| Issue Type | Fixed Price IPO Issue |
|---|---|
| Issue Opens | 26th April 2019 |
| Issue Closes | 2nd May 2019 |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 53-63 Per Equity Share |
| Issue Size | 24,54,000 Equity Shares (Rs 15.46 crores) |
| Market Lot | 2,000 Shares |
| Minimum Order Quantity | 2,000 Shares |
| Listing | BSE SME |
White Organic Retail IPO – Objects of the Issue
The following are the objects this upcoming IPO Issue:-
- To meet the working capital requirements of the company.
- To meet the issue expenses.
- General corporate purpose.
White Organic Retail Private Limited – Company Contact Details
Registered office: 312 A, Kailash Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai – 400077,
Telephone: +91-22-25011983
Website: www.whiteorganics.co.in
White Organic Retail IPO – Lead Manager of the Issue
The Lead Manager of this IPO issue is Finshore Management Services Limited.
White Organic Retail IPO – Registrar of the Issue
The registrar of this IPO issue is Link Intime India Private Limited.
White Organic Retail IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #WWhite Organic Retail IPO #White Organic Retail Private Limited
