WomenCart IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Oct 18, 2023Let’s have a detailed review of the company and analytics of the WomenCart IPO release date, IPO offer price, subscription, WomenCart Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 86 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 1600 Shares |
| Listing Date | October 27, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 956 Lakh |
| IPO Size | Rs 956 Lakh |
| Tick Size | 1 |
WomenCart IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – WomenCart Share Price |
WomenCart IPO – Summary
Their company was incorporated as a private limited company under the Companies Act, 2013 in the name and style of “Womancart Private Limited”, on July 04, 2018, bearing a CIN U74999DL2018PTC336138, having a registered office in New Delhi.
The company was converted into a public limited company and the name was changed to “Womancart Limited”, pursuant to a shareholders’ resolution passed at an Extra-Ordinary General Meeting held on May 19, 2023, and consequently fresh Certificate of Incorporation dated May 31, 2023, was issued by Registrar of Companies, Delhi.
The Promoter of this company is MRS. VEENA PAHWA. The lead manager of the issue is NARNOLIA FINANCIAL SERVICES LIMITED, and the Registrar of this issue is MAASHITLA SECURITIES PRIVATE LIMITED.
WomenCart IPO Date
The opening and closing dates of the WomenCart IPO are October 16, 2023, and October 18, 2023, respectively.
WomenCart IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Oct | 1.67x | 8.39x | 5.03x |
| 2nd Day – 17th Oct | 6.32x | 22.35x | 15.34x |
| 3rd Day – 18th Oct | 56.30x | 71.94x | 67.48x |
| Shares Offered or Net Issue | 528,000 | 528,000 | 1,112,000 |
The shares subscribed by the public will be updated here.
WomenCart IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
WomenCart Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | October 23, 2023 |
| Refunds Initiation | October 25, 2023 |
| Credit of Shares to Demat Account | October 26, 2023 |
| Share Listing Date | October 27, 2023 |
WomenCart IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.86
WomenCart IPO Equity Size
This Initial Public Issue of 1,112,000 Equity Shares of Rs.10 each for cash at a price of Rs.86 per equity share aggregating to Rs.956 Lakh.
WomenCart IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,112,000 Equity Shares of Rs.10/ each.
Issue Size: 1,112,000 Equity Shares of Rs.10 each, aggregating to Rs.956 Lakh
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WomenCart IPO – Live Performance
The listing date of this IPO is October 27, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – WomenCart Share Price |
WomenCart IPO Grey Market Premium
The WomenCart Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
WomenCart IPO – Company Overview
They are primarily a digital consumer-centric retail platform, providing a wide range of classic and emerging branded beauty and wellness products for skin care, body care, hair care, and fragrance for people in the comfort of their homes.
Also they sell lifestyle brands for make-up, imitation jewellery, and lingerie, They also run brick-and-mortar stores where customers can visit, make purchases, and interact with the brand.
They have specially sourced products to cater to everyday needs from skincare, makeup products, fragrance, hair styling products and tools and a separate section for men and their grooming needs with shavers, trimmers and beard care. They provide an easy shopping experience, good consumer service, high-quality products and fashionable essentials from head to toe.
Their product portfolio consists of approximately 10,000 SKUs from their own brand along with various national & international brands.
WomenCart IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Thousands) | ||
| 31-Aug-23 | 31-Mar-23 | |
| Total Assets | 94,178.29 | 55149.20 |
| *Total Revenue | 84,956.91 | 96516.50 |
| Total Expense | 71,165.25 | 89747.78 |
| Profit After Tax | 10,319.90 | 5060.94 |
Earnings per Equity Share (in Thousands)
| 31-Aug-23 | 31-Mar-23 | |
| Basic & Diluted | (0.49) | -01.12 |
Further, their PAT for the period ended on Aug 31, 2023, and March 31, 2023, were Rs. 10,319.90 Lakh and Rs. 5060.94 Lakh respectively.
WomenCart IPO – Promoters
The Promoter of this company is:
- : MRS. VEENA PAHWA
List of Related Parties (Key Managerial Personnel)
- Veena Pahwa, Whole Time Director
- Madhu Sudan Pahwa, Managing Director
- Prerna Pahwa, Director
- Hari Kishan Babbar, Director
WomenCart IPO – Promoters Holding
- Pre-Issue Share Holding – 78.01%
- Post-Issue Share Holding – 57.40%
WomenCart IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 1,112,000 Equity Shares aggregating up to Rs.956 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 56,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 10,56,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 5,28,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 5,28,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
WomenCart IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the expenses of Branding and Marketing
- To meet the expenses of App Development
- To meet the Working Capital requirements.
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
WomenCart IPO – Business Strategy
- Omnichannel approach
- Building Strong Relationships with Brands
- Incorporate User-Generated Content and Reviews
- More and more Focus on Customer Service and Satisfaction
WomenCart IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Integrated Business Model
- Own Brands
- Focus on customer service
- Quality Deliverables
- Authentic personalisation through leveraging customer data
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 1.70 | 15.11 | 18.12 |
| 31-Mar-22 | 1.00 | 7.85 | 28.08 |
| Mar-21 | (2.69) | (109.55) | 23.84 |
WomenCart IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | PAT (Rs.Thousands) | |
| WomenCart Limited | 10 | 45.99 | 1.87 | 9.69 | 5,435.39 |
| Listed Peers | |||||
| FSN E-Commerce Ventures Ltd (Nykaa) |
10 | 564.77 | 0.22 | 3.71 | 6,13,100.00 |
WomenCart IPO Lead Managers
| Lead Managers |
| NARNOLIA FINANCIAL SERVICES LIMITED Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road, Kolkata, West Bengal- 700020, India Telephone: +91-8130678743; Email: pankaj.passi@narnolia.com Website: www.narnolia.com Contact Person: Mr. Pankaj Pasi SEBI Registration Number: INM000010791 |
WomenCart IPO Registrar to offer
| Registrar to the Offer |
| MAASHITLA SECURITIES PRIVATE LIMITED Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi – 110034, India Telephone: 011-45121795 Email: ipo@maashitla.com Website: www.maashitla.com Contact Person: Mr. Mukul Agrawal SEBI Registration Number: INR000004370 |
WomenCart IPO – Other Details
- Statutory Auditor – Amit Bansal & Associates, Chartered Accountants
- Legal Counsel to the Company – Corp Legex Partners
- Bankers to the Company – HDFC Limited
WomenCart IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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WomenCart Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
WomenCart IPO Review FAQs
Check out various FAQs related to WomenCart IPO:
What is the Issue Size of WomenCart IPO?
The Company is making an initial public offer of 1,112,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of WomenCart IPO?
The price band for this particular IPO ranges between Rs 86. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the WomenCart IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 16, 2023, while the closing date is set for October 18, 2023.
What is the WomenCart IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 23, 2023, refund initiation is on October 25, 2023, credit of shares is on October 26, 2023, and share listing date is on October 27, 2023.
What is the WomenCart IPO Listing Date?
Shares of this company shall be listed in the exchanges on October 27, 2023. The date, when the listing would be done, is stagnant on October 27, 2023.
Who is the Registrar of WomenCart IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. MAASHITLA SECURITIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of WomenCart IPO?
Here are the promoters of this IPO -: MRS. VEENA PAHWA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of WomenCart IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is WomenCart IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of WomenCart Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Thousands is 5060.94. PAT from Aug 2023 is 10,319.90.
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