Published on 22/04/2019 2:05:15 PM | Source: Dion Global Solutions Ltd

White Organic Retail announces launch of initial public offering

Posted in Top Stories| #IPO #Agriculture #White Organic

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White Organic Retail Ltd. has announced public offering of 2454000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 53.00 per share. The gross proceeds of the issue are expected to be Rs 1,546.02 lakhs. The company's initial public offer (IPO) will open on 26 April 2019 and is expected to close on 02 May 2019, subject to customary closing conditions. The IPO includes a fresh Issue of 2454000 Equity Shares of the Company at an price of Rs 63.00 per Equity Share.

The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000. White Organic Retail Ltd. anticipates using the proceeds of the issue for A To meet the working capital requirements of the company,B To meet the Issue Expenses,C General Corporate Purposes. Finshore Management Services Ltd. as lead manager & Link Intime India Private Limited is the registrar, to the issue.