The subscription period for WomanCart’s initial public offering (IPO) began on October 16, 2023, and ended on October 18, 2023. The IPO for WomanCart is expected to garner around 9.56 crores. Both the NII and the retail quota are set at 50%. The set price range is 86 per equity share. The minimum market lot for the WomanCart IPO is 1600 shares, and the application fee is 137,600. The WomanCart IPO Allotment Status is anticipated to be completed on October 23, 2023, followed by the beginning of refunds on October 25, 2023, and the crediting of shares to demat on October 26, 2023. The proposed listing date for WomanCart’s IPO on NSE SME is set as October 27, 2023.
WomanCart IPO Allotment Status
The 2018-founded online shopping platform WomanCart provides a wide range of wellness products and cosmetic brands for both men’s and women’s skin, hair, and body care. The firm offers more than 100 different skincare products for customers to choose from. According to Red Herring Prospectus (RHP), WomanCart IPO Allotment Status, which is valued at 9.56 crore, is entirely a new issuance of 1,112,000 equity shares; there is no offer for sale (OFS) component.
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The WomanCart IPO Allotment Status firm plans to utilize the cash raised to pay for the subsequent objectives and benefit from its listing on the NSE’s Emerge Platform. The issue’s objectives include covering issue fees, general corporate expenditures, costs associated with developing the software, working capital needs, branding and marketing expenses, and issue charges.
WomanCart Limited IPO GMP
The current grey market premium for WomanCart Limited’s IPO is +10 percent. This suggests that on Tuesday, according to investorgain.com, the share price of WomanCart was trading at a premium of 10 pounds. The expected listing price of WomanCart shares was set at 96 per share, which is 11.63% more than the IPO price of 86.
|IPO Open Date||October 16, 2023|
|IPO Close Date||October 18, 2023|
|Face Value||₹10 per share|
|Price||₹86 per share|
|Lot Size||1600 Shares|
|Total Issue Size||1,112,000 shares
(aggregating up to ₹9.56 Cr)
|Fresh Issue||1,112,000 shares
(aggregating up to ₹9.56 Cr)
|Issue Type||Fixed Price Issue IPO|
|Shareholding post issue||4,208,000|
|Market Maker portion||56,000 shares|
|Basis of Allotment||October 23, 2023|
|Initiation of Refunds||October 25, 2023|
|The credit of Shares to demat||October 26, 2023|
|Listing Date||October 27, 2023|
|Listing At||NSE SME|
This was determined by taking into account the top end of the IPO pricing range and the existing premium on the grey market. The phrase “grey market premium” refers to the amount of money that investors are ready to pay in addition to the offering price.
How to check WomanCart IPO Allotment Status?
Use the methods below to verify WomanCart’s IPO allotment status:
- To check your allocation status, click the icon below.
- Decide on the Company Name.
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WomanCart IPO Lot Size
Investors may submit bids for as little as 1600 shares and in multiples of that number. The lowest and highest investments made by retail investors and HNI in terms of shares and money are shown below.
- Retail (Min): 1600, ₹137,600
- Retail (Max): 1600, ₹137,600
- HNI (Min): 3,200, ₹275,200
Objects of the Issue (WomanCart IPO Objectives)
The Company intends to use the money collected to pay for the following goals and get the advantage of being listed on the NSE’s Emerge Platform.
The objects of the issue are: –
- 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.
WomanCart IPO Reservation
1,112,000 shares are available in WomanCart’s IPO. 528,000 (47.48%) went to RII and NII, respectively.
- Retail quota is 50%,
- NII is 50%
WomanCart IPO Review
The business specializes in promoting men’s and women’s personal care products online. Its current financial performance is ordinary and falls short of the price being requested. Its comparison to Nykaa seems to be a waste of time. A small ownership base after IPO suggests mainboard migration may take longer to occur. Spending growth suggests properly organized IPO finance. Investors with sufficient capital and/or knowledge may store money for future gains.
WomenCart is mainly a digital retail platform focused on the customer, offering a variety of renowned and up-and-coming branded beauty and wellness goods for skin care, body care, hair care, and fragrance for both men and women online. They also operate brick-and-mortar locations where consumers can visit, make purchases, and engage with the brand. They offer lifestyle brands including lingerie, makeup, and counterfeit jewelry.
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