WomenCart Limited IPO Detail
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.
Company Promoters
Mrs. Veena PahwaIPO Details
| IPO Opening Date | Oct 16, 2023 |
| IPO Closing Date | Oct 18, 2023 |
| Issue Type | Fixed Price Issue FPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹86 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹9.56 Cr |
| Fresh Issue | ₹9.56 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.65x | 8.12x | 4.88x | |
| Day 2 | - | - | 6.32x | 22.31x | 15.32x | |
| Day 3 | - | - | 56.30x | 71.94x | 67.48x |
IPO Tentative Timetable
The WomenCart Limited IPO open date is Oct 16, 2023, and the close date is Oct 18, 2023. The issue may list on Oct 27, 2023.
| IPO Open Date | Oct 16, 2023 |
| IPO Close Date | Oct 18, 2023 |
| Basis of Allotment Date | Oct 23, 2023 |
| Initiation of Refunds | Oct 25, 2023 |
| Credit of Shares to Demat Account | Oct 26, 2023 |
| IPO Listing Date | Oct 27, 2023 |
IPO Lot Size
The WomenCart Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹137600 |
| Maximum | 1 | 1600 | ₹137600 |
IPO Promoter Holding
| Pre Issue Share Holding | 78.01% |
| Post Issue Share Holding | 57.40% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 134.96 | 135.15 | -17.94 |
| 31-Mar-22 | 385.41 | 425.67 | 20.74 |
| 31-Mar-23 | 515.09 | 874.95 | 47.01 |
Objects of the Issue:
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 IPO Registrar:
Maashitla Securities Pvt. Limited
WomenCart Limited IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
WomenCart Limited
House No. 57,
House No. 57,
Model Town, New Delhi- 110009
