White Force IPO Date, Price, Details
White Force is launching its IPO on July 3, 2025, with the issue set to close on July 7, 2025. This IPO follows the Book Building route and aims to raise approximately ₹24.25 crores, entirely through a fresh issue. The face value of each equity share is ₹10.
The price band for the IPO is set between ₹72 to ₹76 per share. Allocation of shares will be divided as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-worth Individuals (HNIs).
The share allotment is expected to be finalized by July 8, 2025, and the company’s listing is scheduled for July 10, 2025 on the NSE.
Financially, White Force posted a revenue of ₹97.68 crores in FY2025, up from ₹69.54 crores in FY2024. The company also saw a growth in profits, reporting ₹5.90 crores in 2025 compared to ₹4.39 crores in the previous year.
White Force IPO Market Lot Size
The White Force IPO minimum market lot is 1600 shares with ₹1,21,600 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1600 | ₹1,21,600 |
Retail Maximum | 1 | 1600 | ₹1,21,600 |
S-HNI Minimum | 2 | 3,200 | ₹2,43,200 |
White Force IPO Details
IPO Open Date: | July 3, 2025 |
IPO Close Date: | July 7, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹72 to ₹76 Per Share |
Issue Size: | Approx ₹24.25 Crores |
Fresh Issue: | Approx ₹24.25 Crores |
Issue Type: | Book Build Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
White Force IPO Valuation – FY2025 (KPI)
Check White Force IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 61.97% |
ROCE: | 57.75% |
EBITDA Margin: | 9.70% |
PAT Margin: | 6.06% |
Debt to equity ratio: | 1.48 |
Earning Per Share (EPS): | ₹7.02 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 61.97% |
Net Asset Value (NAV): | ₹14.84 |
White Force IPO Company Financial Report
In the financial year 2025, the company achieved a revenue of ₹97.68 crores, marking an increase from ₹69.54 crores reported in 2024. Net profit also saw an upward trend, rising to ₹5.90 crores in 2025 compared to ₹4.39 crores in the previous fiscal year.
(All figures are in ₹ crores.)
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2023 | ₹52.80 | ₹50.41 | ₹1.79 | ₹14.32 |
2024 | ₹69.54 | ₹63.68 | ₹4.39 | ₹28.38 |
2025 | ₹97.68 | ₹89.71 | ₹5.90 | ₹39.64 |
White Force IPO Dates
The White Force IPO date is July 3 and the close date is July 7. The White Force IPO allotment will be finalized on July 8 and the IPO listing on July 10.
IPO Open Date: | July 3, 2025 |
IPO Close Date: | July 7, 2025 |
Basis of Allotment: | July 8, 2025 |
Refunds: | July 9, 2025 |
Credit to Demat Account: | July 9, 2025 |
IPO Listing Date: | July 10, 2025 |
Promoters of White Force IPO
The promoters of the company are Shraddha Rajpal and Nalini Rajpal.
About White Force IPO
To be updated soon
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Spectrum Talent Management Ltd | 2.98 | 40.44 | 4.56% | 68.17 | 1,253.36 Cr. |
Objects of the IPO
To meet the company’s working capital needs
For general business and operational expenses
Merchant Bankers
- Corpwis Advisors Private Limited
Company Address
Happy Square Outsourcing Services Limited
240, Nagpur Road
Madan Mahal,
Jabalpur, Madhya Pradesh, 482008
Phone: 0761-4083591
Email: [email protected]
Website: https://www.white-force.com/
White Force IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
Check Grey market premium at below
(GMP)