IPO

White Organic Retail Limited IPO

BSE SME

Offer Date: Apr 26, 2019 - May 2, 2019

₹ 252000 /4000 Shares
*Min Investment

26 Apr, 2019

Open Date

02 May, 2019

Close Date

09 May, 2019

Allotment Date

10 May, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 63/- Per Equity Share 
  • Face Value Rs 10/- Per Equity Share 
  • Issue Price Fresh issue of 24,54,000 Equity Shares of Rs 10/- at a price of Rs 63/- per share aggregating to Rs 15.46 Cr
  • Listing at BSE SME
  • Lead Manager Finshore Managment Services Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


White Organic Retail Limited IPO is an SME IPO, priced at Rs 63/- Per Equity Share . The equity shares have a face value of Rs 10/- Per Equity Share  each and will be listed on the BSE SME platform.

The IPO bidding window is open from Apr 26, 2019 to May 2, 2019. The allotment is expected to be finalized on May 9, 2019, and the tentative listing date is May 10, 2019.


The registrar of the IPO is Link Intime India Private Limited, and

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IPO Subscription Analysis And Details
Retail
8.00x
Total
31.00x
As onQIB / NIIRetailTotal
Shares Offered / Reserved11,64,00011,66,00023,30,000
Day 1 - 26-04-19
8,58,000 0.74 x54,000 0.05 x9,12,000 0.39 x
Day 2 - 30-04-19
19,70,000 1.69 x1,14,000 0.10 x20,84,000 0.89 x
Day 4 - 02-04-19
23,58,000 2.03 x8,18,000 0.70 x31,76,000 1.36 x
Valuations
Earnings Per Share (EPS) 5.54/-
P/E Ratio 11.36
RoNW 19.29%
Net Asset Value (Post Issue) Rs 71.19/-
IPO - Issue Objectives
1

To Meet the Working Capital Requirements of the company.

2

To Meet the Issue Expenses.

3

General Corporate Purpose. 

IPO - Peers Comparison
P/B RatioP/E RatioRoNWRevenue(in Cr.)
Jinaam's Dress Limited1.5416.8025.37%154.25
TCNS Clothing Co. Limited  4.1547.4611.69%838.49