About the Company:
White Organic Retail Ltd is into trading of Agriculture produce like Cereals, Pulses, Grains, Fruits and Vegetables etc.
company had commenced the operations of Organic Products Distribution and Retailing in October 2016.
Company sells products like Cereals, Pules, Grains, Vegetable and Fruits, and planning for other products like Cow Ghee, Jaggery and Moringa, Sweetners, Juices, Beauty Products, Snacks, Syrups, Health Powders, Churans, Mukhwas, Incence Sticks, Soap, Aloe Vera Juices, Aloe Vera Gel etc.
Future Plans for Distribution and Retail:
The management has launched the franchisee module for the retail network.
In the first phase of expansion the company is looking to setup 40+ retail outlets across Mumbai, Pune, Nasik, Ahmedabad, Surat, Vadodra, Rajkot and different educated, Health conscious and densely populated sectors across India.
Company is planning for introducing a wide range of products like Cow Ghee, Jaggery and Moringa, Sweetners, Juices, Beauty Products, Snacks, Syrups, Health Powders, Churans, Mukhwas, Incence 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.
Segment wise Revenue Breakup:
E-Commerce integrated solutions for the Brand “White Organic”.
The management is planning to commence eCommerce integrated website: www.whiteorganics.co.in and very soon planning to unveil dedicated mobile application.
Increase Geographical Presence:
Company is currently supply the products in some cities of Maharashtra and Gujarat. Moving forward Company desires to expand geographical presence in all over India and thereby increase our customer base.
Company’s Major competitors are:
- Godrej Nature’s Basket
- 24 Mantra
- Morarka organic
Management Team:
- Mr. Darshak Mahesh Rupani (Designation: Managing Director)
- Mr. Prashantt Mahesh Rupani (Designation: Non-Executive Director)
Objectives of the Issue:
- To meet the working capital requirements of the company
- To meet the Issue Expenses
- General Corporate Purposes
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | FY 18 | 31st Dec 18 |
|---|---|---|---|---|
| Revenue | 1.06 | 2.55 | 83.99 | 116.35 |
| Net Profit | 0.23 | 0.58 | 3.02 | 4.5 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 26th April 2019 |
| Issue Closes on:. | 2nd May 2019 |
| Issue Price | Rs.63 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,26,000 |
| Issue Constitutes | 44.99% |
| Issue Size | Rs.15.46 cr |
| Market Cap | Rs.34.36 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 24,54,000 |
| Equity Shares Prior to the Issue | 30,00,000 |
| Equity Shares after the Issue | 54,54,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 42.01 | 1.5 | 67.29% | 62.43 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
|---|
| White Organic Retail Limited 312A, Kailash Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai-400077, Maharashtra, India, Ph.: +91 22 25011983; Email: info@whiteorganics.co.in Website: http://www.whiteorganics.co.in |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L. B. S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Tel No: +91 22 4918 6200; Email: worl.ipo@linktime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok”, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: +91 – 33 – 22895101 Investor Grievance Email: info@finshoregroup.com Website: www.finshoregroup.com |
