WomenCart IPO is a fixed price issue of Rs 9.56 crores. The issue is entirely a fresh issue of 11.12 lakh shares.
WomenCart IPO opens for subscription on October 16, 2023 and closes on October 18, 2023. The allotment for the WomenCart IPO is expected to be finalized on Monday, October 23, 2023. WomenCart IPO will list on NSE SME with tentative listing date fixed as Friday, October 27, 2023.
WomenCart 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 WomenCart IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for WomenCart IPO is Nikunj Stock Brokers.
Refer to WomenCart IPO RHP for detailed information.
WomenCart IPO Details
| IPO Date | October 16, 2023 to October 18, 2023 |
| Listing Date | [27/10/2023] |
| 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 |
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 Timeline (Tentative Schedule)
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 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 |
| Lot Size Calculator |
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% |
About WomenCart Limited
Incorporated in 2018, WomenCart 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 online website.
The company also has launched its own beauty brands such as Wondercurve, Sayda Jewels, Faeezah & Feya.
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 |
Key Performance Indicator
WomenCart 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% |
Check WomenCart IPO Peer Comparison here.
Objects of the Issue (WomenCart 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.
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