WomanCart Limited IPO (WomanCart IPO) Detail
WomanCart IPO is a fixed price issue of Rs 9.56 crores. The issue is entirely a fresh issue of 11.12 lakh shares.
WomanCart IPO bidding started from October 16, 2023 and ended on October 18, 2023. The allotment for WomanCart IPO was finalized on Monday, October 23, 2023. The shares got listed on NSE SME on October 27, 2023.
WomanCart IPO price is ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Narnolia Financial Services Ltd is the book running lead manager of the WomanCart IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for WomanCart IPO is Nikunj Stock Brokers.
Refer to WomanCart IPO RHP for detailed information.
WomanCart IPO Details
| 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 Nikunj Stock Brokers |
WomanCart IPO Reservation
WomanCart IPO offers 1,112,000 shares. 528,000 (47.48%) to NII, 528,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 56,000 (5.04%) |
| Other Shares Offered | 528,000 (47.48%) |
| Retail Shares Offered | 528,000 (47.48%) |
| Total Shares Offered | 1,112,000 (100%) |
WomanCart IPO Timeline (Tentative Schedule)
WomanCart 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 |
WomanCart IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
WomanCart IPO Promoter Holding
Mrs. Veena Pahwa is the promoter of the company.
| Share Holding Pre Issue | 78.01% |
| Share Holding Post Issue | 57.40% |
About WomanCart Limited
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:
- Multi Channel Approach
- Focus on Customer Service and satisfaction
- Incorporating user-generated content and review
- Partnering with social media infuencers to increase the customer base
- Superfast delivery to meet customers' expectations
- The company deploys a "Virtual Try On" AI tool to visualize the product's appearance in real life on customers
WomenCart Limited Financial Information (Restated Standalone)
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 |
| 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 |
| Amount in ₹ Lakhs | ||||
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Key Performance Indicator
WomanCart IPO Market Cap is Rs 36.19 Cr and P/E (x) is 50.67.
| KPI | Values |
|---|---|
| P/E (x) | 50.67 |
| Post P/E (x) | 14.65 |
| Market Cap (₹ Cr.) | 36.19 |
| ROE | 15.11% |
| ROCE | 17.97% |
| Debt/Equity | 0.1 |
| EPS (Rs) | 1.7 |
| RoNW | 15.11% |
Objects of the Issue (WomanCart IPO Objectives)
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.
WomanCart IPO Prospectus
WomanCart Limited Contact Details
WomanCart 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/
WomanCart IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
WomanCart IPO FAQs
WomanCart IPO is a SME IPO of 1,112,000 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 Shares.
The IPO opens on October 16, 2023, and closes on October 18, 2023.
Maashitla Securities Private Limited 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 the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'WomanCart IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
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 Shares, and the minimum amount required is ₹137,600.
You can apply in WomanCart IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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