White Organic Retail Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Apr 2019

Close Date

02 May 2019

Allotment

07 May 2019

Listing Date

10 May 2019

Exchange

BSE SME

Price Band

₹63

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹63

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

24,54,000 shares (aggregating up to ₹15.46 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹126,000

1 lot

Pre-IPO Holding

30,00,000 shares

Promoters

Post-IPO Holding

54,54,000 shares

Promoters

UPI Deadline

2019-05-02

Mandate

Anchor AllotmentThu, 25 Apr 2019

Basis of AllotmentTue, 07 May 2019

Refund InitiationWed, 08 May 2019

Demat CreditThu, 09 May 2019

Listing DayFri, 10 May 2019

UPI Mandate Deadline2019-05-02

Sale TypeFresh Capital

Net Offer to Public23,30,000 shares (aggregating up to ₹14.68 Cr)

Market Maker Quota1,24,000 shares (aggregating up to ₹0.7812 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

White Organic Retail Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 May 2019.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	124,000	—	₹0.78
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,454,000	100%	₹15.46

IPO Shares Offered

White Organic Retail Ltd. IPO total issue size: ₹15.46 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	124,000	₹0.78	5.05%
Total	2,454,000	₹15.46	100.00%

* Based on upper price band ₹63 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹63.00

Upper Band

Min Investment

₹126,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹252,000
Retail (Max — 13 Lots)	13	26,000	₹1,638,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,764,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,568,000

* Issue Price ₹63 × Lot Size 2,000 shares

IPO Schedule

Anchor

25 Apr 2019

✓ Done

IPO Open

26 Apr 2019

✓ Done

IPO Close

02 May 2019

✓ Done

Allotment

07 May 2019

✓ Done

Refunds

08 May 2019

✓ Done

Demat Credit

09 May 2019

✓ Done

Listing Day

10 May 2019

✓ Done

₹63.00

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Issue ₹63.00 Live Price

About White Organic Retail Ltd.

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

Objects of the Issue

1 Funding the working capital requirements of the Company

2 Issue related expenses

3 General corporate purposes

White Organic Retail Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹142.6

31-Mar-17

₹8,292.8

31-Mar-18

₹11,549.5

31-Dec-18

Profit After Tax (PAT)

₹58.7

31-Mar-17

₹302.5

31-Mar-18

₹450.8

31-Dec-18

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
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered24,54,000 (100.00%)

Net Offer to Public23,30,000 shares (aggregating up to ₹14.68 Cr)

Reserved for Market Maker1,24,000 shares (aggregating up to ₹0.7812 Cr)

Pre-Issue Promoter Holding30,00,000 shares

Post-Issue Promoter Holding54,54,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

worl.ipo@linktime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much White Organic Retail Ltd. IPO subscribed? ▲

White Organic Retail Ltd. IPO is subscribed 1.00 times by May 02, 2019. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is White Organic Retail Ltd. IPO retail subscription status? ▼

The White Organic Retail Ltd. IPO retail category is subscribed 1.00 times as of 02 May 2019. The retail portion is oversubscribed.

How to subscribe White Organic Retail Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Apr 2019 and closes 02 May 2019. Min investment: ₹126,000 (1 lot = 2,000 shares). UPI mandate: 2019-05-02.

How many times White Organic Retail Ltd. IPO subscribed? ▼

The White Organic Retail Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check White Organic Retail Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 07 May 2019. Refunds: on 08 May 2019.

When White Organic Retail Ltd. IPO will be listed? ▼

The White Organic Retail Ltd. IPO listing date is 10 May 2019, Friday. Listed on: BSE SME. Issue price: ₹63. Estimated listing: ₹63. GMP: NIL.

When White Organic Retail Ltd. IPO close? ▼

The White Organic Retail Ltd. IPO closes on 02 May 2019, Thursday. UPI mandate: 2019-05-02. Allotment: 07 May 2019. Listing: 10 May 2019.

Quick Actions

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Live Price LIVE

Last Price₹63.00

Change—

Issue Price₹63.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹63

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹126,000

GMPNIL

Est. Listing₹63

Subscribed1.00x

Open Date26 Apr 2019

Close Date02 May 2019

Allotment07 May 2019

Listing Date10 May 2019

ExchangeBSE SME

UPI Deadline2019-05-02