64  Total SME IPOs listed in 2025

2,716.42 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

21  SME IPOs listed with loss in 2025

64  Total SME IPOs listed in 2025

2716.42 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

21  SME IPOs listed with loss in 2025

64  Total SME IPOs listed in 2025

2716.42 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

21  SME IPOs listed with loss in 2025

64  Total SME IPOs listed in 2025

2716.42 Crs.  Total funds raised in 2025

43  SME IPOs listed with Gain in 2025

21  SME IPOs listed with loss in 2025

White Organic Retail Limited IPO Analysis

White Organic Retail IPO is a Fixed Price listing on BSE SME exchange, with an ipo size of ₹ 15.46 Cr. The company is based in Mumbai and caters to Agro sector. Finshore Management Services is the merchant banker of White Organic Retail IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th March 2019.

White Organic Retail IPO posted revenues of ₹ 154.00 crores and PAT of ₹ 6.01 crores in FY19 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 153.99 Cr.
            EBITDA: ₹ 8.32 Cr.
            PAT: ₹ 6.00 Cr.
  • EBITDA Margin: 5.40 %
            Pat Margin: 3.90 %
  • Net Worth: ₹ 23.36 Cr.
  • Market Capitalisation: [●]
  • P/E: 5.71 times
  • P/BV: [●]
  • EV/EBITDA: [●]
Nature of IPO : SME
Exchange : BSE SME
IPO Type : Fixed Price

White Organic IPO Financial Performance (Restated)

Financial results of White Organic Retail IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-18 FY18 FY17 FY16
Balance Sheet
Assets 60.22 50.17 14.47 12.76
Net Worth 23.36 4.49 1.47 0.88
Total Debt 2.03 14.40 11.43 11.67
Profit & Loss
Revenue
Revenue on annualised basis
115.49
153.99
82.92 1.42 [●]
EBITDA
EBITDA on annualised basis
6.24
8.32
4.37 0.86 0.34
PAT
PAT on annualised basis
4.50
6.00
3.02 0.58 0.23
Financials
31-Dec-18
FY18
FY17
FY16
Balance Sheet
Assets
60.22
50.17
14.47
12.76

Net Worth
23.36
4.49
1.47
0.88

Total Debt
2.03
14.40
11.43
11.67

Profit & Loss
Revenue
Revenue on annualised basis
115.49
153.99
82.92
1.42
[●]

EBITDA
EBITDA on annualised basis
6.24
8.32
4.37
0.86
0.34

PAT
PAT on annualised basis
4.50
6.00
3.02
0.58
0.23

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

White Organic IPO Key performance Indicators (KPI)

White Organic Retail IPO PAT Margin is 3.90 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows White Organic Retail IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-18 FY18 FY17 FY16
EBITDA Margin (%) 5.40 5.27 60.56 [●]
PAT Margin (%) 3.90 3.64 40.85 [●]
EPS (₹) 23.66 42.01 8.15 3.32
ROE (%) 19.26 67.26 39.46 26.14
ROCE (%) [●] [●] [●] [●]
ROA (%) 7.47 6.02 4.01 1.80
Debt to Equity 0.09 3.21 7.78 13.26
Particulars
31-Dec-18
FY18
FY17
FY16

EBITDA Margin (%)
5.40
5.27
60.56
[●]

PAT Margin (%)
3.90
3.64
40.85
[●]

EPS (₹)
23.66
42.01
8.15
3.32

ROE (%)
19.26
67.26
39.46
26.14

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
7.47
6.02
4.01
1.80

Debt to Equity (x)  
0.09
3.21
7.78
13.26

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

White Organic Retail IPO Valuation Metrics

The market Capitalisation of White Organic Retail IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
5.71

P/B (times) :
[●]

NAV (₹) :
77.89

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in White Organic prospectus?

The White Organic Retail IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of White Organic IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows White Organic Retail IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for White Organic IPO ?

The post-IPO market capitalisation of White Organic Retail IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of White Organic IPO?

The White Organic Retail IPO has a Price-to-Earnings (PE) ratio of 5.71 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of White Organic Retail IPO?

White Organic Retail IPO reported revenue of ₹ 154.00 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from White Organic Retail IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of White Organic Retail IPO?

White Organic Retail recorded an EBITDA of ₹ 8.32 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of White Organic Retail IPO?

White Organic Retail Profit After Tax (PAT) is ₹ 6.00 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 153.99 Cr.
            EBITDA: ₹ 8.32 Cr.
            PAT: ₹ 6.00 Cr.
  • EBITDA Margin: 5.40 %
            Pat Margin: 3.90 %
  • Net Worth: ₹ 23.36 Cr.
  • Market Capitalisation: [●]
  • P/E: 5.71 times
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

White Organic Retail operates in Agro and Trading Of Agro Products. The Issue is listed on BSE SME in May, 2019. White Organic Retail IPO size was 15.46 with Issue price of 63.00 .

White Organic Retail IPO subscription was 1.36 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

White Organic Retail IPO listed at a listing price of 64.30 against the offer price of 63.00.

The current market price of White Organic Retail is 5.73.

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