Mumbai based White Organic Retail Ltd was incorporated in 2011. It is engaged in the trading of agriculture products such as Vegetables, Fruits, Grains, Pulses, and Cereals.
| Bidding Dates |
|---|
| 26 Apr 2019 - 02 May 2019 |
| Subscription |
|---|
| 1.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 2000 | 2.5 M | ₹63 | 55.01 % | ₹154.6 M | RHP DOC |
White Organic Retail IPO SUBSCRIPTION STATUS
02 May '19White Organic Retail IPO overall subscription rate was 1.36 times the total available shares
White Organic Retail IPO retail subscription rate was 0.7 times in the retail segment
White Organic Retail IPO non-institutional investor subscription rate was 2.02 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Apr 2019 (Day 3) | 0.1x | 1.69x | - |
01 May 2019 (Day 4) | 0.1x | 1.69x | - |
02 May 2019 (Day 5) | 0.7x | 2.02x | - |
26 Apr 2019 (Day 1) | 0.05x | 0.74x | - |
29 Apr 2019 (Day 2) | 0.05x | 0.74x | - |
White Organic Retail FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 9MFY19 | 45.1 | 1,155.0 | 1.8 | 1.7 |
| FY18 | 30.2 | 829.3 | -52.1 | -52.3 |
| FY17 | 5.9 | 14.3 | -8.0 | -8.2 |
| FY16 | 2.4 | -7.8 | -7.8 |
White Organic Retail IPO SUBSCRIPTION STATUS DETAILS
White Organic Retail had 2.5 M shares on offer
White Organic Retail IPO offer price was ₹63
White Organic Retail IPO minimum Investment was ₹126000
White Organic Retail IPO issue size was ₹ 154.6 M
White Organic Retail had a minimum lot size of 2000 Shares per application
White Organic Retail NUMBER OF SHARES ON OFFER
White Organic Retail IPO IMPORTANT DATES
| Issue Open Date | 26 Apr 2019 |
| Issue close Date | 02 May 2019 |
| Allotment Date | 07 May 2019 |
| Refund Date | 08 May 2019 |
| Demat Account Credit Date | 09 May 2019 |
| Listing Date | 10 May 2019 |
| Listing on Exchange(s) | BSE |
| White Organic Retail Allotment Status | Exchange |
White Organic Retail IPO subscription opened on 26 Apr 2019, and closed on 02 May 2019
IPO allotment for White Organic Retail was finalized on Tuesday, 07 May 2019
IPO listing for White Organic Retail was on BSE on Friday, 10 May 2019
White Organic Retail IPO LISTING GAINS
| Issue Price (adjusted) | 63.0 |
| Listing Open Price | 64.2 |
| Listing Close Price | 10.7 |
| Listing Gain% | 1.9% |
| Current Gain% | -88.6% |
White Organic Retail INFORMATION ON IPO ISSUE
About White Organic Retail
Mumbai based White Organic Retail Ltd was incorporated in 2011. It is engaged in the trading of agriculture products such as Vegetables, Fruits, Grains, Pulses, and Cereals.
Object of the Issue
- To meet the working capital requirements of the company
- To meet the Issue Expenses
- General Corporate Purposes
White Organic Retail - PROMOTERS
| Name |
|---|
| Prashant Mahesh Rupani |
| Darshak Mahesh Rupani |
| White Organic Agro Ltd |
White Organic Retail Lead Manager
Finshore Management Services Limited
ramakrishna@finshoregroup.com
White Organic Retail Registrar to the Offer
Link Intime India Private Limited
worl.ipo@linktime.co.in
White Organic Retail Strengths
Wide range of Products and hygienic
"The company provides a broad range of products to its customers. Currently,it provides products like Cereals, Pulses, Grains, Vegetable and Fruits, and planning for other 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. "
Existing Supplier Relationship
The existing supplier relationship protects the business in terms of supply and pricing of the products, the quality of the products offered, etc.
White Organic Retail Risks
Legal proceedings
The company and its Promoter are parties to certain legal proceedings
Seasonal in nature
Business is seasonal in nature and hence the operating results for different periods may not be comparable
IPO FAQs
White Organic Retail Ltd. IPO listing opened at Rs 64.20 while the issue price was Rs 63.00 giving 1.90% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 63.00 giving -88.57% gains since its IPO listing.
The promoters of the company are Prashant Mahesh Rupani, Darshak Mahesh Rupani and White Organic Agro Ltd.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 63.0 - 63.0.
The IPO application opens on Apr 26, 2019 and closes on May 02, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on May 07, 2019.
The refund will be credited to your account on May 08, 2019.
The allotted shares will be credited to your demat on May 09, 2019.
White Organic Retail Ltd.’s shares listed on the stock exchanges on May 10, 2019.