Issue Price
₹63
Per Share
GMP
NIL
Grey Market
Est. Listing
₹63
Expected Price
Min. Application
₹252,000
2 lots × 2000 shares
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 base2. Wide product range3. Effective supplier relationship
White Organic Retail Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 124,000 | — | ₹0.78 Cr | — |
| TOTAL | 2,454,000 | 100.00% | ₹15.46 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹126,000 |
| Retail (Max) | 13 | 26,000 | ₹1,638,000 |
| sNII (Min) | 14 | 28,000 | ₹1,764,000 |
| bNII (Min) | 68 | 136,000 | ₹8,568,000 |
| Particulars | 31-Dec-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue from Operations | 11549.52 | 8292.76 | 142.62 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 450.78 | 302.45 | 58.68 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 6022.65 | 5017.40 | 1447.81 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |