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WomanCart Limited IPO (WomanCart IPO) Detail

October 16, 2023 - October 18, 2023

WomanCart IPO is a fixed price issue of Rs 9.56 crores. The issue is entirely a fresh issue of 11.12 lakh shares.

WomanCart IPO bidding started from October 16, 2023 and ended on October 18, 2023. The allotment for WomanCart IPO was finalized on Monday, October 23, 2023. The shares got listed on NSE SME on October 27, 2023.

WomanCart 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 WomanCart IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for WomanCart IPO is Nikunj Stock Brokers.

Refer to WomanCart IPO RHP for detailed information.

WomanCart IPO Details

IPO Date October 16, 2023 to October 18, 2023
Listing Date October 27, 2023
Face Value ₹10 per share
Price ₹86 per share
Lot Size 1600 Shares
Total Issue Size1,112,000 shares
(aggregating up to ₹9.56 Cr)
Fresh Issue1,112,000 shares
(aggregating up to ₹9.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding post issue4,208,000
Market Maker portion56,000 shares
Nikunj Stock Brokers

WomanCart IPO Reservation

WomanCart IPO offers 1,112,000 shares. 528,000 (47.48%) to NII, 528,000 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered56,000 (5.04%)
Other Shares Offered528,000 (47.48%)
Retail Shares Offered528,000 (47.48%)
Total Shares Offered1,112,000 (100%)

WomanCart IPO Timeline (Tentative Schedule)

WomanCart 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

WomanCart 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

WomanCart 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 WomanCart Limited

Incorporated in 2018, WomanCart 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 an online website.

The company also has launched its beauty brands such as Wondercurve, Sayda Jewels, Faeezah & Feya.

The company follows a policy of quick delivery, customer satisfaction, and easy returns.

The company's core strength lies in the following:

  • Multi Channel Approach
  • Focus on Customer Service and satisfaction
  • Incorporating user-generated content and review
  • Partnering with social media infuencers to increase the customer base
  • Superfast delivery to meet customers' expectations
  • The company deploys a "Virtual Try On" AI tool to visualize the product's appearance in real life on customers

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 Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax54.3547.0120.74-17.94
Net Worth561.08311.13264.1216.38
Reserves and Surplus251.48200.33153.32-18.62
Total Borrowing169.99122.1579.1192.28
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of WomanCart IPO is Rs 36.19 Cr.

KPI Values
Pre IPO Post IPO
EPS (Rs) 1.7
P/E (x) 50.6714.65

Objects of the Issue (WomanCart 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.

WomanCart IPO Review (May apply)

[Dilip Davda]  The company is in digital consumer centric personal care product marketing for men and women. Its financial performance so far is average and not matching the asking price. Its compare with Nykaa appears to be an eyewash. Small equity base post IPO indicates longer gestation for migration to mainboard. Higher spending hints at fully structured IPO funding. Well-informed/cash surplus investors may park funds for long term rewards. Read detail review...

WomanCart IPO Subscription Status (Bidding Detail)

The WomanCart IPO is subscribed 67.48 times on October 18, 2023 7:29:00 PM. The public issue subscribed 71.94 times in the retail category, times in the QIB category, and 56.30 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Total Application : 23,741 (71.94 times)

WomanCart IPO Prospectus

WomanCart IPO Rating

Rating:Rated 3.7 stars
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WomanCart IPO Listing Details

Listing Date October 27, 2023
BSE Script Code
ISIN INE0Q9601016
Final Issue Price ₹86 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

WomanCart Limited Contact Details

WomanCart Limited
House No. 57,
3rd Floor, Block F-14
Model Town, New Delhi- 110009
Phone: +919205577453

WomanCart IPO Registrar

Maashitla Securities Private Limited

Phone: +91-11-45121795-96

WomanCart IPO - Buy or Not

WomanCart IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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WomanCart IPO FAQs

WomanCart IPO is a SME IPO of 1,112,000 equity shares of the face value of ₹10 aggregating up to ₹9.56 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600 Shares.

The IPO opens on October 16, 2023, and closes on October 18, 2023.

Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in WomanCart IPO using UPI as a payment gateway. Zerodha customers can apply in WomanCart IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in WomanCart IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'WomanCart IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The WomanCart IPO opens on October 16, 2023 and closes on October 18, 2023.

WomanCart IPO lot size is 1600 Shares, and the minimum amount required is ₹137,600.

You can apply in WomanCart IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for WomanCart IPO will be done on Monday, October 23, 2023, and the allotted shares will be credited to your demat account by Thursday, October 26, 2023. Check the WomanCart IPO allotment status.

The WomanCart IPO listing date is on October 27, 2023.
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WomanCart IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



70. Yoga |   Link |  Bookmark |November 14, 2023 10:54:53 PM
Excellent result published by the company. We can expect upward movement hereafter. As they have plan to open two branded outlets internationally and expand their business in north India initially, we can invest for long term.I have hope on this script.
69. Yoga |   Link |  Bookmark |November 12, 2023 6:19:47 PM
We wish to inform you that, we have entered into an Memorandum of Understanding with an artist (Ms. Kishwer Merchant) and media studio for undertaking advertisement in various forum of media.
68. nerajshivhare |   Link |  Bookmark |November 10, 2023 11:40:31 AM (200+ Posts)
allotment out in linkintime Check krlo
67. Manipo |   Link |  Bookmark |November 7, 2023 7:15:24 PM (200+ Posts)
Will allotment happen on Wednesday 8th Nov T+1 or at its usual time?
66. BLUE WHALE |   Link |  Bookmark |October 27, 2023 7:58:57 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
160 easily will reach
65. PKRAJ |   Link |  Bookmark |October 27, 2023 9:33:07 AM
Going to be listed in bit positive inspite of good subscription figures. GMP was/is showing good. But not a good sector for investment, I think so. I was negative from the beginning and was avoid for me. Had not applied. Allotment was tough.
For investors applied and got allotment is going to get something.
All the best to allotees.
64. Arjun Rajkot |   Link |  Bookmark |October 27, 2023 8:48:54 AM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
Small issue lisitng will be Good

63. Kalia |   Link |  Bookmark |October 27, 2023 12:35:41 AM
Mandi ke time pe list ho raha hai phirbhi 142 pe khulega
63.1. Kalia |   Link |  Bookmark |October 27, 2023 12:10:37 PM
First stop 160. Will comment in any other IPO comment section once I sell. As no one is going to read here anymore.
62. somsundar |   Link |  Bookmark |October 27, 2023 12:18:05 AM

Listing today 27.10.2023
61. Noorul |   Link |  Bookmark |October 25, 2023 10:04:17 PM
Good demand right before the listing. Will list with good premium.
61.1. Ipoaspire |   Link |  Bookmark |October 27, 2023 7:08:04 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Noorul Have you sold committed and kontor or holding..please throw ur views on the companies they are decreasing daily.
60. BLUE WHALE |   Link |  Bookmark |October 25, 2023 7:15:57 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
GMP increasing is good sign. May list 110~120
60.1. IPO by Luck |   Link |  Bookmark |October 27, 2023 12:56:28 PM
Truly Said
59. somsundar |   Link |  Bookmark |October 25, 2023 8:52:59 AM
Shares credited to demat.

When will be the listing?.
58. Wishal |   Link |  Bookmark |October 24, 2023 1:25:45 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Listing date?
57. KRavi |   Link |  Bookmark |October 23, 2023 3:14:37 PM
I see you have recently created your chittorgarh account and posted three updates. All of them are negative to Womancart. I personally visited womancart store. It was decent similar like other beauty stores ( Similar like health & Glow store). There main focus on e-commerce rather than physical stores. Ex: Firstcry stores Vs Online site incomes. I'm not supporting or opposing womancart IPO. But, If they properly focus on growth it has strong potential. I believe you heard company called "The Honest Company" woman beauty products which was started in 100sft within 2 years. It reached a revenue of 1 billion USD. Flipkart,Mobikwik, free charge ....many e-commerce started very small.. now, you know what's value.
57.5. Shanm |   Link |  Bookmark |October 27, 2023 12:02:20 PM
@KRavi rightly said. we all are noticing kumarji's negativity news. Looks he is underestimating common women's mindset. I believe womancart can surprise the investors.
57.6. Shanm |   Link |  Bookmark |October 27, 2023 12:04:41 PM
Listed with more than GMP & currently with UC.
56. somsundar |   Link |  Bookmark |October 23, 2023 8:04:32 AM
Is Shares credited to demat? When will be the listing?
56.1. V K RAVI |   Link |  Bookmark |October 23, 2023 9:57:40 AM
Not yet Credited. As of now, Listing date is 27th, may be preponed
55. Kumar Ji |   Link |  Bookmark |October 23, 2023 1:46:38 AM
My prayers with them who got the allotment Because it will be surely a disaster as I Have visited their stores and they are not worthy of an IPO.
55.1. BLUE WHALE |   Link |  Bookmark |October 24, 2023 8:50:13 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Either it will give 20% loss in shot term or 2000% profit in long run.
You don't know power of COMMON WOMAN.
54. BLUE WHALE |   Link |  Bookmark |October 21, 2023 7:54:27 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Dont underestimate power for WOMAN
53. Not Smart |   Link |  Bookmark |October 21, 2023 6:20:29 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Got one lot out of 2 applications for 1+2 lots
52. Harshadcshah |   Link |  Bookmark |October 21, 2023 12:35:34 PM
Applied 2/0
51. MAMU |   Link |  Bookmark |October 21, 2023 8:57:35 AM
IPO Guru IPO Guru (1700+ Posts, 1100+ Likes)
Last traded GMP was 16-19