WomenCart IPO will open for subscription from 16 October 2023. The company aims for an issue size of ₹9.56 Cr through this IPO.
Company Overview
| Full name | WomenCart Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://www.womancart.in/ |
About Company
Incorporated in 2018, Womancart is 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 both men and women in the comfort of home. It also sells lifestyle brands for make-up, imitation jewelry, and lingerie, it also runs brick-and-mortar stores where customers can visit, make purchases, and interact with the brand.
Its product portfolio consists of approximately 10,000 SKUs from its own brand along with various national & international brands. Womancart established its 4 subsidiaries which acquired running online businesses. In FY 2022-23, the company also launched its own beauty brands such as Wondercurve, Sayda Jewels, Faeezah & Feya. As of 31 August 2023, Womancart has cumulative page views of 18,55,819 on its websites. The company’s offline channel comprises 2 physical stores in Delhi and 1 kiosk.
The Objectives of the Issue
- To meet the expenses of Branding and Marketing.
- To meet the expenses of App Development.
- To meet the Working Capital requirements.
- To meet the General Corporate Purposes.
- To meet the Issue Expenses.
WomenCart IPO Timetable
| IPO Opening date | 16 October 2023 |
| IPO Closing | 18 October 2023 |
| Basis of Allotment | 23 October 2023 |
| Initiation Refund | 25 October 2023 |
| Credit to Demat Account | 26 October 2023 |
| Listing Date | 27 October 2023 |
WomenCart IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹9.56 Cr – 1,112,000 shares |
| Fresh Issue | ₹9.56 Cr – 1,112,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹86 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 56,000 shares |
| Shareholding pre-issue | 3,096,000 |
| Shareholding post-issue | 4,208,000 |
| Listing Exchange | NSE SME |
WomenCart IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
WomenCart IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
WomenCart Financial Performance
| FY 2023 | 5M FY 2024 | |
| Revenue | 964.31 | 847.11 |
| Expenses | 897.48 | 711.65 |
| Net income | 50.61 | 103.20 |
WomenCart Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS** | (2.69) | 1.00 | 1.70 |
| PE ratio** | – | – | 50.59 |
| RONW (%)** | (109.55) | 7.85 | 15.11 |
| NAV** | 4.68 | 23.84 | 28.08 |
| ROCE (%) | – | – | 19.21 |
| EBITDA (%) | – | – | 8.77 |
| Debt/Equity | – | – | 0.23 |
WomenCart Promoters
- Mrs. Veena Pahwa
Promoter Holding
| Pre Issue Share Holding | 78.01% |
| Post Issue Share Holding | 57.40% |
WomenCart IPO Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
WomenCart Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
WomenCart Contact Details
WOMANCART LIMITED
House No. 57, 3rd Floor, Block F-14,
Model Town, New Delhi- 110009, India
Phone: +91-9205577453
E-mail: secretarial@womancart.in
Website: www.womancart.in
WomenCart IPO Allotment Status
Womancart IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Final thoughts
WomenCart IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
