Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Mon, Oct 16, 2023 - Wed, Oct 18, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Oct 16, 2023
IPO Close
Wed, Oct 18, 2023
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹36.19 Cr
| IPO Date | 16 to 18 Oct, 2023 |
| Listed on | Fri, Oct 27, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,12,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 56,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.4816 Cr) |
| Fresh Issue (Ex Market Maker) | 10,56,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 10,56,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 30,96,000 shares |
| Share Holding Post Issue | 42,08,000 shares |
| NSE Symbol | WOMANCART |
| ISIN | INE0Q9601016 |
WomanCart IPO comprises a total issue size of 11,12,000 shares. The net offer to the public is 10,56,000 shares, after excluding 56,000 shares allotted on a firm basis. Of the Net offer 5,28,000 (50.00%) allocated to NII 5,28,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,28,000 | 50.00% | 47.48% |
| Retail Shares Offered | 5,28,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,000 | 5.04% | |
| Total Shares Offered | 11,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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:
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.79 | 5.15 | 3.85 | 1.35 |
| Total Income | 7.65 | 8.75 | 4.26 | 1.35 |
| Profit After Tax | 0.54 | 0.47 | 0.21 | -0.18 |
| NET Worth | 5.61 | 3.11 | 2.64 | 0.16 |
| Reserves and Surplus | 2.51 | 2.00 | 1.53 | -0.19 |
| Total Borrowing | 1.70 | 1.22 | 0.79 | 0.92 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the expenses on Branding and Marketing | 1.36 |
| 2 | To meet the expenses on App Development | 0.14 |
| 3 | To meet out the Working Capital requirements. | 5.70 |
| 4 | To meet out the General Corporate Purposes; | 1.28 |
| KPI | |
|---|---|
| ROE | 15.11% |
| ROCE | 17.97% |
| Debt/Equity | 0.10 |
| RoNW | 15.11% |
| PAT Margin | 5.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.70 | |
| P/E (x) | 50.67 | 14.65 |
| Promoter Holding | 78.01% | 57.40% |
| Market Cap | ₹36.19 Cr. |
The WomanCart IPO is subscribed 67.48 times on October 18, 2023 7:29:00 PM (Day 3). The public issue subscribed 71.94 times in the retail category, [.] times in the QIB category, and 56.3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 56.3 | 5,28,000 | 2,97,28,000 |
| Retail | 71.94 | 5,28,000 | 3,79,85,600 |
| Total | 67.48 | 10,56,000 | 7,12,59,200 |
Total Application : 23,741
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.24 |
| 2 | Brokerage, selling commission and Marketing Expenses | 0.48 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.06 |
| 6 | Regulators including stock exchanges | 0.12 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹117.00 |
| Low | ₹117.00 |
| High | ₹122.85 |
| Last Trade | ₹122.85 |
Lead Manager Reports
WomanCart IPO is a SME IPO of 11,12,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Oct 16, 2023, and closes on Wed, Oct 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 Mon, Oct 16, 2023 and closes on Wed, Oct 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 Thu, Oct 26, 2023. Check the WomanCart IPO allotment status.
The WomanCart IPO listing date is on Fri, Oct 27, 2023.
