White Organic Agro Ltd has announced that it has received all necessary statutory approvals for IPO of White Organic Retail Limited, wholly owned subsidiary of the Company on the BSE SME Platform.
Brief details of the said Public issue: Public issue offers 24,54,000 equity shares of face value of Rs.10/- each ('Equity Shares') of White Organic Retail Limited ('The Company' or 'The Issuer & WOS') for cash at a price of Rs. 63/- per equity share ('The Issue Price'), including a share premium of Rs. 53/- per equity share aggregating to Rs.1546.02 lakhs ('The Issue'), of which 1,24,000 equity shares of face value of Rs.10/- each are for cash at Rs. 63/- per equity share, aggregating to Rs. 78.12 lakhs will be reserved for subscriptions by the Market Maker to the issue (The 'Market Maker Reservation Portion').
The issue less market maker reservation portion i.e. Issue 23,30,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 63/- per equity share, aggregating to Rs.1467.90 lakhs is here in after referred to as the 'net issue'. The issue and the net issue will constitute 44.99% and 42.72% respectively of the post issue paid up equity share capital of the company.
The Equity Shares of White Organic Retail Limited Company issued through this IPO are proposed to be listed on the SME Platform of BSE Limited ('BSESME'). For the purposes of the issue, the Designated Stock Exchange will be BSE Limited ('BSE').
Shares of White Organic Agro Ltd was last trading in BSE at Rs.22.35 as compared to the previous close of Rs. 22.5. The total number of shares traded during the day was 251099 in over 813 trades.
The stock hit an intraday high of Rs. 24.9 and intraday low of 21.9. The net turnover during the day was Rs. 5666135.