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| Exchange Received Time 26/04/2019 08:57:37 Exchange Disseminated Time 26/04/2019 08:57:45 Time Taken 00:00:08 | Dear Stakeholders,
The management is pleased to inform, receipt of 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').
Details of the Issue shall be available on:
https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=1867&type=FPO&idtype=1&status=F&IPONo=3945&startdt=4/26/2019 |
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