Home  »  Ipo Review  »  Womencart Ipo

Let’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

WomenCart IPOTheir 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:


    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.[●]
    Net Issue to the Public Up to 10,56,000 Equity Shares aggregating up to Rs.[●]
    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:

    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 out the General Corporate Purposes; and
    5. 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
    10 564.77 0.22 3.71 6,13,100.00

    WomenCart IPO Lead Managers

    Lead Managers
    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
    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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      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
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