WomenCart IPO Date, GMP, Price, Analysis and Review
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WomenCart Limited, Founded in 2018, is an online retail platform that specializes in offering a diverse array of beauty and wellness products for skincare, hair care, and body care, catering to both men and women. The company proudly boasts a selection of over 100 skincare brands to meet the varied needs of its customers. In April 2022, WomenCart expanded its operations by inaugurating a physical store in Shalimar Bagh, Delhi. Moreover, the company’s growth has been facilitated by the establishment of four subsidiaries, which have acquired existing online businesses listed on various e-commerce platforms.
Notably, WomenCart has not limited its endeavors to retail alone; the company has ventured into creating its own beauty brands, including Wondercurve, Sayda Jewels, Faeezah, and Feya.
Objects of the Issue (WomenCart IPO Objectives)
The funds raised through this offering will be allocated to the following objectives, aimed at achieving the advantages of listing on the NSE Emerge Platform:
- Branding and Marketing Expenses.
- App Development Expenses.
- Fulfilling Working Capital Requirements.
- Addressing General Corporate Needs.
- Covering Issue-Related Expenses.
WomenCart IPO Details
WomenCart IPO is a fixed price issue with a total value of Rs 9.56 crores. The entire issue consists of a fresh offering of 11.12 lakh shares.
IPO Date | October 16, 2023 to October 18, 2023 |
Listing Date | October 27, 2023 |
Face Value | ₹10 per share |
Price | ₹86 per share |
Lot Size | 1600 Shares |
Total Issue Size | 1,112,000 shares (aggregating up to ₹9.56 Cr) |
Fresh Issue | 1,112,000 shares (aggregating up to ₹9.56 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 3,096,000 |
Share holding post issue | 4,208,000 |
Market Maker portion | 56,000 shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
WomenCart IPO Reservation
Investor Category | Shares Offered |
---|---|
Retail Shares Offered | Not less than 50% of the Net Issue |
Other Shares Offered | Not less than 50% of the Net Issue |
WomenCart IPO Lot Size
Investors can bid for a minimum of 1600 shares, with multiples thereof. See the table for investment limits for retail investors and HNIs.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹137,600 |
Retail (Max) | 1 | 1600 | ₹137,600 |
HNI (Min) | 2 | 3,200 | ₹275,200 |
WomenCart IPO Dates
WomenCart IPO opens on October 16, 2023, and closes on October 18, 2023.
IPO Open Date | Monday, October 16, 2023 |
IPO Close Date | Wednesday, October 18, 2023 |
Basis of Allotment | Monday, October 23, 2023 |
Initiation of Refunds | Wednesday, October 25, 2023 |
Credit of Shares to Demat | Thursday, October 26, 2023 |
Listing Date | Friday, October 27, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on October 18, 2023 |
WomenCart Limited Financial Report
WomenCart Limited’s revenue dropped by -12.57%, but profit after tax (PAT) increased by 15.62% between the financial year ending on 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 |
Revenue | 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 |
Key Performance Indicator of WomenCart Ltd
KPI | Values |
---|---|
P/E (x) | 50.67 |
ROE | 15.11% |
ROCE | 17.97% |
Debt/Equity | 0.1 |
EPS (Rs) | 1.7 |
RoNW | 15.11% |
WomenCart IPO Promoter Holding
Mrs. Veena Pahwa is the promoter of the company.
Share Holding Pre Issue | 78.01% |
Share Holding Post Issue | 57.40% |
WomenCart Limited Contact Details
WomenCart Limited
House No. 57,
3rd Floor, Block F-14
Model Town, New Delhi- 110009
Phone: +919205577453
Email: secretarial@womencart.com
Website: https://www.womancart.in/
WomenCart IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
WomenCart IPO FAQs
What is WomenCart IPO?
WomenCart IPO is a Small and Medium Enterprises (SME) IPO offering 1,112,000 equity shares with a face value of ₹10 each, aggregating to ₹9.56 Crores. The issue price is ₹86 per share, and the minimum order quantity is 1600 Shares. The IPO is scheduled to be open for subscription from October 16, 2023, to October 18, 2023. The registrar for the IPO is Maashitla Securities Private Limited, and the shares are intended to be listed on the NSE SME platform.
How to apply for WomenCart IPO through Zerodha?
Zerodha customers can apply for WomenCart IPO online using the UPI payment gateway. To do so, follow these steps:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Locate the ‘WomenCart IPO’ row and click the ‘Bid’ button.
4. Provide your UPI ID, indicate the Quantity of shares, and specify the Price.
5. Submit the IPO application form.
6. Visit your UPI App (net banking or BHIM) to approve the mandate.
When will WomenCart IPO be open?
WomenCart IPO is scheduled to be open for subscription from October 16, 2023, to October 18, 2023.
What is the lot size for WomenCart IPO?
The lot size for WomenCart IPO is 1600 Shares, with a minimum investment amount of ₹137,600.
How can I apply for WomenCart IPO?
You can apply for WomenCart IPO online, choosing either UPI or ASBA as the payment method. ASBA (Application Supported by Blocked Amount) IPO application is accessible through the net banking facilities of your bank. UPI (Unified Payments Interface) IPO application is an option provided by brokers that do not offer banking services. For more details on applying for an IPO through platforms like Zerodha, Upstox, 5Paisa, Nuvama, or banks like ICICI Bank, HDFC Bank, and SBI, please refer to the specific instructions provided by those institutions.
When will the allotment for WomenCart IPO be finalized?
The basis of allotment for WomenCart IPO is expected to be finalized by Monday, October 23, 2023, with the allotted shares being credited to your demat account by Thursday, October 26, 2023. You can check the WomenCart IPO allotment status for confirmation.
What is the anticipated listing date for WomenCart IPO?
The listing date for WomenCart IPO has not been officially announced yet. However, the tentative date for the listing is expected to be on Friday, October 27, 2023.