Explore the details of WomanCart IPO and discover the potential investment opportunities in this flourishing beauty and wellness marketplace.
Introduction:
WomanCart Ltd, established in 2018, has rapidly emerged as a prominent online retail platform, offering an extensive array of beauty and wellness products. This encompasses skincare, haircare, and body care items catering to both men and women. In addition to curating products from over 100 skincare brands, WomanCart Limited has carved its presence in both the online and offline markets, boasting exclusive stores in Delhi. The company has also ventured into creating its beauty brands, such as Wonder Curve, Sayda Jewels, Faeezah, and Feya.
Exploring the WomanCart IPO:
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Key Information :
The WomanCart IPO is set to open for subscription on October 16, 2023, and will close on October 18, 2023. The shares are priced at ₹86 each with a face value of ₹10.
IPO Structure of WomanCart IPO :
This IPO consists solely of a fresh issue component, which is essential to highlight. It comprises 11,12,000 shares, amounting to ₹9.56 crore. There is no offer for sale (OFS) portion, making it unique in its structure.
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Promoters and Utilization of Funds :
The company is led by Veena Pahwa, who currently holds a significant 78.01% stake in the company. After the IPO, the promoter’s equity holding will decrease to 57.40%. The funds generated from the fresh issue will be allocated towards branding, marketing, app development, and working capital requirements, with a portion set aside for general corporate purposes.
Market Making :
Nikunj Stock Brokers Ltd will serve as the market maker for this IPO, providing two-way quotes to ensure post-listing liquidity. Market maker allocation includes 56,000 shares.
IPO Allocation and Minimum Lot Size :
This IPO allocates 5.04% of shares to market makers, with the remainder divided between retail investors and HNI/NII investors. The minimum lot size for retail investors is 1,600 shares, with a value of ₹1,37,600. HNI/NII investors can apply for a minimum of 3,200 shares with a minimum lot value of ₹2,75,200.
IPO Timeline of WomanCart IPO :
The IPO will open on October 16, 2023, and close on October 18, 2023. Finalization of the basis of allotment is expected on October 23, 2023, with refunds for non-allottees initiated on October 25, 2023. Eligible investors will have their shares credited to their Demat accounts on October 26, 2023. The stock is set to be listed on the NSE-SME IPO segment on October 27, 2023.
Financial Snapshot of WomanCart IPO :
Over the last three financial years, WomanCart Limited has exhibited noteworthy financial growth.
- FY23 reported total revenues of ₹7.65 crore, representing a decline of 12.57%.
- FY22 displayed substantial growth with total revenues at ₹8.75 crore, a growth of 105.40%.
- FY21 demonstrated an impressive revenue surge, reaching ₹4.26 crore, a remarkable growth of 214.96%.
Conclusion :
WomanCart IPO presents a unique opportunity for investors to delve into the thriving beauty and wellness sector. The company’s promising financials, coupled with its innovative market approach, make it a compelling choice for both retail and institutional investors. Consider this IPO as a potential gateway to a dynamic and evolving market, marked by innovation and growth.
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