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WomanCart IPO is a fixed price issue of ₹9.56 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹9.56 crore.
WomanCart IPO bidding started from Oct 16, 2023 and ended on Oct 18, 2023. The allotment for WomanCart IPO was finalized on Oct 23, 2023. The shares got listed on NSE SME on Oct 27, 2023.
WomanCart IPO price is ₹86.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,37,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,75,200.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to WomanCart IPO RHP for detailed Information.
| IPO Date | October 16, 2023 to October 18, 2023 |
| Listing Date | October 27, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,12,000 shares (aggregating up to ₹9.56 Cr) |
| Reserved for Market Maker | 56,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.4816 Cr) |
| Net Offered to Public | 10,56,000 shares (aggregating up to ₹9.08 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 30,96,000 shares |
| Share Holding Post Issue | 42,08,000 shares |
WomanCart IPO offers total 11,12,000 shares. Out of which 5,28,000 (47.48%) allocated to NII, 5,28,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,000 (5.04%) |
| NII (HNI) Shares Offered | 5,28,000 (47.48%) |
| Retail Shares Offered | 5,28,000 (47.48%) |
| Total Shares Offered | 11,12,000 (100.00%) |
WomanCart IPO opens on October 16, 2023, and closes on October 18, 2023.
| IPO Open Date | Mon, Oct 16, 2023 |
| IPO Close Date | Wed, Oct 18, 2023 |
| Tentative Allotment | Mon, Oct 23, 2023 |
| Initiation of Refunds | Wed, Oct 25, 2023 |
| Credit of Shares to Demat | Thu, Oct 26, 2023 |
| Tentative Listing Date | Fri, Oct 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 18, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, WomanCart is an online retail platform catering to a wide range of beauty brands and wellness products for skin care, hair care, and body care for both men and women. The company offers more than 100 skincare brands to its consumers. The company also has an offline store in Shalimar Bagh in Delhi opened in April 2022. The company established its 4 subsidiaries which acquired running online businesses listed on an online website.
The company also has launched its beauty brands such as Wondercurve, Sayda Jewels, Faeezah & Feya.
The company follows a policy of quick delivery, customer satisfaction, and easy returns.
The company's core strength lies in the following:
WomenCart Limited's revenue decreased by -12.57% and profit after tax (PAT) rose by 15.62% between the financial year ending with August 31, 2023 and March 31, 2023.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 879.25 | 515.09 | 385.41 | 134.96 |
| Total Income | 764.99 | 874.95 | 425.67 | 135.15 |
| Profit After Tax | 54.35 | 47.01 | 20.74 | -17.94 |
| Net Worth | 561.08 | 311.13 | 264.12 | 16.38 |
| Reserves and Surplus | 251.48 | 200.33 | 153.32 | -18.62 |
| Total Borrowing | 169.99 | 122.15 | 79.11 | 92.28 |
| Amount in ₹ Lakhs | ||||
The market capitalization of WomanCart IPO is ₹36.19 Cr.
| KPI | Values |
|---|---|
| ROE | 15.11% |
| ROCE | 17.97% |
| Debt/Equity | 0.10 |
| RoNW | 15.11% |
The Company proposes to utilize the funds that are being raised towards funding the following objects and achieve the benefits of listing on the Emerge Platform of NSE.
The objects of the issue are: -
1. To meet the expenses of Branding and Marketing.
2. To meet the expenses of App Development.
3. To meet the Working Capital requirements.
4. To meet the General Corporate Purposes.
5. To meet the Issue Expenses.
[Dilip Davda] The company is in digital consumer centric personal care product marketing for men and women. Its financial performance so far is average and not matching the asking price. Its compare with Nykaa appears to be an eyewash. Small equity base post IPO indicates longer gestation for migration to mainboard. Higher spending hints at fully structured IPO funding. Well-informed/cash surplus investors may park funds for long term rewards. Read detail review...
| Listing Date | October 27, 2023 |
| BSE Script Code | |
| NSE Symbol | WOMANCART |
| ISIN | INE0Q9601016 |
| Final Issue Price | ₹86 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹117.00 |
| Low | ₹117.00 |
| High | ₹122.85 |
| Last Trade | ₹122.85 |
WomanCart Ltd.
House No. 57,
3rd Floor, Block F-14
Model Town,
Delhi, New Delhi, 110009
Phone: +919205577453
Email: secretarial@womencart.com
Website: https://www.womancart.in/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
WomanCart IPO is a SME IPO of 11,12,000 equity shares of the face value of ₹10 aggregating up to ₹9.56 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on October 16, 2023, and closes on October 18, 2023.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in WomanCart IPO using UPI as a payment gateway. Zerodha customers can apply in WomanCart IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in WomanCart IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The WomanCart IPO opens on October 16, 2023 and closes on October 18, 2023.
WomanCart IPO lot size is 1600, and the minimum amount required for application is ₹1,37,600.
You can apply in WomanCart IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for WomanCart IPO will be done on Monday, October 23, 2023, and the allotted shares will be credited to your demat account by Thursday, October 26, 2023. Check the WomanCart IPO allotment status.
The WomanCart IPO listing date is on Friday, October 27, 2023.
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