WomanCart Limited IPO Message Board (Page 3)

Applied
9/4/3/3/1/1/1

Apply bindas... good financials for an online co... keep mintin

Applied 29 lots

applied 20 lots * 1 HNI

Block unblock

1 lot got allotted.

Senior Members, should we apply or not please update

Nykaa nahi chal pa rahi hai ye kahan se chalegi

Boss, Nyka ne initially bahut pese diye they IPO holders ko + Nykaa ne India ke baki sari company ka theka nahi liya hai.

Online e-commerce/food company ne good return diya hai lekin average IPOs count hote hai, particular company nahi.

In generally, i agree its risky but nothing wrong to apply who have additional amount in their amount. I would suggest them to apply for some accounts than FF.

Retail shares 528,000 lot 1600, that means 528,000/1600 = 330 people get allocation in retail category ...?

LM that ensures no negative listing
Company sells, online, women’s beauty and wellness products, scaled down version of NYKA. The company procures products from manufacturers / dealers / distributors and sells through its subsidiaries on Amazon, Flipkart, Meesho, Dhani e-marketplaces. Also it has 2 physical stores and 1 kiosk, in Delhi.
IPO expenses will be 11.3% of the total issue size. Balance proceeds to be used for branding & marketing, working capital requirement and general corporate purpose.
Financials provided are for 22-23 and 5M23-24.
On annualized basis material cost has dropped from 74% to 51%, sales have jumped 110% whereas other income has jumped 7X. Admin & selling overheads have jumped 4.4X. Whether these numbers are sustainable and realistic is a question.
For 5MFY24, in house brands make up 15% of sales while other brands are 85% of sales. Within own brands, imitation jewellery followed by apparel are the largest category.
Overall fragrance, beauty products, health & wellness, skin & hair care are the largest categories of sales.
18% of sales are through stores / kiosks while 82% of sales are through online channels. YoY average ticket size shows continuous improvement from 21-22 onwards.
Sales returns account for 10-12% of sales and company loses 2-3% on such sales. Keeping sales return minimum will be key to margins.
Other income is discount received on purchases. Presume this will be volume driven and will increase as sales increase.
Cash flow is for limited period only but for 5M23-24, it has negative cash flow from operations before tax.
Receivables are 1.2 months of sales while inventories are 7 months of sales denoting working capital intensive business model. Company intends to pay cash / immediately to vendors while keeping inventory and receivables at 60 days each.
Secured borrowings are at 9.55% while unsecure borrowings are at 16.25% and 12%
Out of net fixed assets of Rs 98 lacs on 31-Aug-23, largest line item is furniture and fixture of Rs 84 lacs
Given short business history, all receivables are less than 6 months old.
All of short term borrowings of Rs 27 lacs as on 31-Aug-23 are from related parties
Admin, selling and distribution expenses have increased because of increase in commission expense, shipping expense, logistic charge, courier charge, advertisement expense, rent. Difficult to baseline what should be the acceptable level.
Company has 5 subsidiaries where management has significant / minority stake. It appears around 90% of sales are routed through these subsidiaries.
Based on working capital projections, company estimates sales of Rs 41 cr in 23-24.
In June 2023, company made preferential offer @ Rs 60 per share and 4 months later IPO is priced @ Rs 86 per share.
As on prospectus date, company had 27 employees, as per EPFO website, company deposited PF of 16 employees for Aug-23 and Feb-23 (earliest record available)

Spare Money
15-20k sub 2 traded in last few days
No major ipo on pipeline
Thats why we are seeing huge subscription in just 9 cr ipo.

Hi @lokes ,

what is your view on this?
Can we apply?

company looks average to me, not so bad not so good....LM also average....someone can try applying for small listing gains, better is sell and apply in my view if possible....

I also believe that there is no harm in skipping this IPO. Time will decide whether my decision is good or not.

Well said @AMIT IND 
Retailers are considering 1st day as a last day.😐😐

Retailers are applying as if issue is on first come first basis.

@Basuvr - What I had read is - only after UPI mandate is accepted and application is successfully submitted on exchange, it is counted under subscription.
Seniors - pls correct my understanding

​@Enjoyjack 

Correct

As far as the business of Company is digital online selling. There are many big and good companies in this field. I have no faith in such companies and and good for investment. Many examples are there.
The company is coming for less than 10crs. Offering. The objectiv not repaying any debt in even a part. No doubt the fresh issue. Financial not so good. While coming in the market company has to give some better financial. But still not good. No doubt growing companies are debt ridden. Break even point is also very difficult to achieve.
Promoters always great for asking price from investors. Premium their main tool. They know investors are going to apply irrespective of fundamentals, pricing or financials. Already subscribed by retailers. Better not to take risk. But some members are risk takers and will take risk and they get reward for their risk also.In my opinion, it's AVOID for me.
Members are better judges for themselves.

Have a nice week ahead.
Enjoy NAVRATRI festival with great joy with family and friends.
Different States celebrating in different way. But a festival of religious aspects.

Sir,
Thank you very much for your kind post. I admire your service n enlightenment to the forum. You are a precious gem with wisdom and experience. Your nobility is loved by one and all. I appreciate your well mannered attitude. Please continue to serve the community with your best efforts. I pray god to bless you with all the best throughout.

​@PKRAJ Ji, can't believe subscription on day one.

​@Admin @ Chittorgarh.com 

I had written this a few days ago in the Arvind page. Maybe it escaped your attention there, or perhaps, it got lost in the melee of various posts. Its also possible that it was not really worth it. However, I am re-posting it once again for your perusal and consideration.

" "Dear Admin / Team Chittorgarh.

Sir, I was wondering if it would be worthwhile to subdivide the 'Subscribe' column in the 'Buy or Not' section into Two Parts. That is into 'Apply' and 'May Apply'.
Mostly when we see the review as 'Subscribe', the tendency is to scroll up again to see whether it's Apply or May Apply. This way there will be no such need.

Thank you!!!" "

Noted. We will check and get back to u.

Appreciate ur kind feedback.

इस कंपनी का लोगो मुझे woman hygine या फिर woman medical service type क्यों लग रहा है?
Its donk look like an e com company logo...

Not applying at all... everything about this IPO points towards an avoid call...

Surprised to see such fast subscription.

​@KAPPO 

Pl share latest GMP or Subject to Rate if there is any at your convenience. Thanks in advance.

On fun site:

first read as Woman CARD. Then read CART.

No offence, Not sterotyping any one. Did not like the name much, so wouldn't apply.

Not heard of its products. I will not venture into unknown territory. If one has to do gambling, Nykaa is better choice. Personally, I will avoid it.