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White Force Ipo


Objects of the Issue

  • Funding of working capital requirements of the Company

  • General corporate purposes

White Force IPO Review

  • IPO Watch – May Apply

  • Canara Bank –

  • DRChoksey FinServ –

  • Emkay Global –

  • Hem Securities –

  • IDBI Capital –

  • Marwadi Shares –

  • Nirmal Bang –

  • SBICAP Securities –

  • Sharekhan –

  • SMC Global –

  • Sushil Finance –

  • Swastika Investmart –

  • Ventura Securities –

  • Geojit –

  • Reliance Securities –

  • Capital Market –

  • BP Wealth –

  • ICICIdirect –

  • Choice Broking –

IPO Lead Managers aka Merchant Bankers

  • Corpwis Advisors Private Limited

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

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

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

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

Company EPS PE Ratio RoNW % NAV Income
Spectrum Talent Management Ltd 2.98 40.44 4.56% 68.17 1,253.36 Cr.

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%
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here
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