White Organic Retail Ltd.
 
No. 312A, Kailash Plaza, Vallabh Baug Lane, Ghatkopar (East), Mumbai, Maharashtra - 400077
Phone: 25011983 Fax: 25011984

Public Issue of 2454000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 53.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
26/04/201902/05/201963.00 -
Lead Managers Registrar Listed at
FINSHORE MANAGEMENT SERVICES LTD.
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
Object of the issue

The Issue includes a fresh Issue of 24,54,000 Equity Shares of the Company at an Issue Price of ? 63/- per Equity Share.

The Company proposes to utilize the funds which are being raised through this Issue towards the below mentioned objects and gain benefits of listing on SME Platform of BSE.

The Objects of the Issue are:

A. To meet the working capital requirements of the company,
B. To meet the Issue Expenses,
C. General Corporate Purposes.

Project Cost
(Rs. in Crs.)
ISSUE EXPENSES0.95
WORKING CAPITAL REQUIREMENTS12.51
GENERAL CORPORATE EXPS.2.00
TOTAL COST15.46
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES15.46
TOTAL COST15.46
Promoted by

The Promoters of the comapny are (i) Mr. Darshak Mahesh Rupani (ii) Mr. Prashantt Mahesh Rupani and (iii) White Organic Agro Limited.

(i) Mr. Darshak Mahesh Rupani : his aged 38 years, is the Managing Director and Promoter of the Company. Mr. Darshak is an IT Graduate from Clarendon College, Sydney. He has been on the board of the company since incorporation and have more than fifteen years of experience in Hospitality and Retail. He is a Young dynamic entrepreneur with farming being inherited from ancestors and is actively involved with administrative and financial management of the company.

Permanent Account Number: AGTPR6549L

Passport No.: H4203782

Aadhar No.: 7621 1264 0404

Driving license No.: MH03 20080095895

(ii) Mr. Prashantt Mahesh Rupani : his aged 42 years, is the Executive Director of the Company. Mr. Prashantt Mahesh Rupani is a commerce graduate from Mumbai University and has worked in the business Process Outsthecing Industry for more than 12 years. He is a dynamic entrepreneur with diversified experience which helps the organizations get pure perspective. He has been on the board of the company since 04/06/2012. He has around 15 years of experience in export import of agricultural goods. He is actively involved with overall supervision of the activities which are taking place in the company.

Permanent Account Number: ADXPR3673E

Passport No.: Z2195564

Aadhar No.: 503926231964

Driving license No.: MH03 20080095199

(iii) White Organic Agro Limited :

? The Company was incorporated in March 19, 1990 as Private Limited Company “White Diamond Industries Private Limited”.

? The company was into Cutting, polishing and trading in Diamonds.

? Subsequently the company was converted from Private Limited to Public Limited on September 24, 1994 and the name changed to “White Diamond Industries Limited”.

? The company got listed with BSE Limited on February 21, 1995.

? In the year 2011, the Management of the Company was taken over by Mr. Darshak Rupani and their family members through an open offer.

? In the year 2016, the company diversified its core business from Diamond Industry to Organic Products and accordingly they changed their object clause.

? Subsequently the name of the company was changed to “White Organic Agro Limited” on December 26, 2016.

? The company is now into a single business activity of Organic Agro based business and allied activities (viz. farming, cultivation, retailing and marketing). The Company’s capability is to offer complete organic product range and the right product mix through their own farming and cultivation activities and has made the brand “White Organic”.