WomanCart IPO Allotment Status : WomanCart’s initial public offering (IPO) subscription period was held from October 16-18, 2023. The expect IPO size is around 9.56 crores, with both the NII and retail quota set at 50%. The equity share price range is set at 86 rupees per share, with a minimum market lot of 1600 shares and an application fee of 137,600 rupees. The allotment status for WomanCart’s IPO is expect to be complete on October 23, 2023, follow by refunds starting on October 25 and the crediting of shares to demat on October 26, 2023. The proposed listing date for WomanCart’s IPO on NSE SME is set for October 27, 2023. This information can be useful for investors who are interest in investing in WomanCart’s IPO and want to keep track of important dates relate to it.
Exciting news for investors! The highly anticipate WomanCart IPO is just around the corner, and many are eager to know their allotment status. In this blog post, we will guide you through the process of checking your WomanCart IPO allotment status and provide valuable insights into what it means for your investment portfolio. Whether you’re a season investor or new to the IPO game, this article will help you navigate the world of initial public offerings and ensure you stay inform every step of the way. So, let’s dive in and discover if you’ve been allot shares in this groundbreaking company.
WomanCart IPO Allotment Status
WomanCart, an online shopping platform establish in 2018, specializes in wellness products and cosmetic brands for both men’s and women’s skin, hair, and body care. With more than 100 skincare options available, the company offers a wide range of products for customers to choose from. According to the Red Herring Prospectus (RHP), WomanCart IPO Allotment Status is value at 9.56 crore and comprises entirely new issuance of 1,112,000 equity shares with no offer for sale (OFS) component. This indicates that the company is looking to expand its offerings further and aims to establish itself as a leading player in the wellness and beauty industry.
The WomanCart IPO Allotment Status firm has outline its plans for the funds raise through its listing on the NSE’s Emerge Platform. The company intends to allocate the money towards several objectives, including covering issue fees, general corporate expenditures, development costs for software, working capital requirements, branding and marketing expenses, and issue charges. By utilizing the proceeds in this manner, the company hopes to leverage its IPO listing to achieve its business goals and drive growth. The success of the listing will depend on factors such as market conditions and investor sentiment towards the company’s prospects.
WomanCart IPO Allotment Status Details
|IPO Open Date
|October 16, 2023
|IPO Close Date
|October 18, 2023
|₹10 per share
|₹86 per share
|Total Issue Size
|1,112,000 shares (aggregating up to ₹9.56 Cr)
|1,112,000 shares (aggregating up to ₹9.56 Cr)
|Fixed Price Issue IPO
|Shareholding post issue
|Market Maker portion
|Basis of Allotment
|October 23, 2023
|Initiation of Refunds
|October 25, 2023
|The credit of Shares to demat
|October 26, 2023
|October 27, 2023
WomanCart Limited IPO GMP
The grey market premium for WomanCart Limited’s IPO is currently at +10 percent, indicating that the share price was trading at a premium of 10 pounds on Tuesday. According to investorgain.com, this suggests strong demand for the shares and positive investor sentiment towards the company. The expect listing price of WomanCart shares was set at 96 per share, which is 11.63% higher than the initial public offering (IPO) price of 86. This indicates that investors are optimistic about the company’s growth prospects and potential for future returns. However, it is important to note that grey market premiums are not always indicative of post-IPO performance and can be subject to volatility and fluctuations in demand.
The calculation was made considering the highest possible price for the IPO and the extra amount of money investors are willing to pay, known as the grey market premium. This term refers to the additional payment that investors are prepare to make on top of the offering price.
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WomanCart IPO Review
The company focuses on advertising personal care products for both men and women through online channels. The current financial performance is average and does not meet the desire price. Comparing it to Nykaa appears to be a futile exercise. The limit ownership base after the initial public offering (IPO) indicates that it may take longer for the company to migrate to the mainboard. The increase in spending indicates a well-manage IPO financing strategy. Investors who have enough capital and/or knowledge may choose to invest their money for potential future profits.
WomenCart is predominantly an online retail platform that prioritizes customer satisfaction. It provides a wide range of well-known and emerging brands in the beauty and wellness industry, catering to skincare, body care, hair care, and fragrance needs of both genders. Additionally, they have physical stores where customers can personally explore the products, make purchases, and interact with the brand. Their offerings extend beyond beauty and wellness to include lifestyle brands such as lingerie, makeup, and imitation jewelry.
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WomanCart IPO Lot Size
Investors have the option to submit bids starting from a minimum of 1600 shares, and they can increase their bid in multiples of that quantity. The table below displays the lowest and highest investments made by retail investors and high net worth individuals (HNIs) in terms of both shares and monetary value.
- Retail (Min): 1600, ₹137,600
- Retail (Max): 1600, ₹137,600
- HNI (Min): 3,200, ₹275,200
Objects of the Issue (WomanCart IPO Objectives)
The collected funds will be utilized by the Company to achieve the following objectives and gain the benefits 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
The IPO of WomanCart offers a total of 1,112,000 shares. Out of these, RII and NII received 528,000 shares each, accounting for 47.48% of the total shares.
- Retail quota is 50%,
- NII is 50%
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How To check WomanCart IPO Allotment Status?
The WomanCart IPO has generate a lot of buzz in the market, and if you’re one of the lucky investors who applied for it, you’re probably eagerly awaiting the allotment status. But how exactly can you check if you’ve been allot shares? In this blog post, we’ll walk you through the step-by-step process of checking the WomanCart IPO allotment status. From visiting the official website to using your PAN number or application number, we’ll cover all the details to ensure that you can easily find out if you’ve been allotted shares. So, let’s get start and find out if you’re on your way to becoming a proud shareholder of WomanCart.
Follow the steps provided below to confirm the IPO allotment status of WomanCart:
- To verify the status of your allocation, please click on the icon provide.
- Choose the Name of the Company.
- Kindly provide your PAN, application, or DP Client ID (either one) number.
- Click on the “Search” option.
The allotment status for the WomanCart IPO is eagerly awaited by investors and market enthusiasts. The IPO, which generated significant interest during its subscription period, is expected to have a strong response in terms of allotment. Investors are eagerly anticipating the news of their shares being allotted and are keeping a close eye on the updates from the company and stock exchanges. The WomanCart IPO has garnered attention due to its promising business model and potential for growth in the e-commerce sector. As investors await the allotment status, they are hopeful for a positive outcome and are excited about the future prospects of this emerging company.
WomanCart IPO Allotment Status FAQ’S
How is IPO allotment selected?
No, the IPO allotment is not based on a first-come, first-served basis. The allotment process is determined by the responses received from investors. If the IPO is undersubscribed, investors may be allocated all the lots they have applied for.
Is IPO first come first serve?
No, IPO allotment does not happen on a first-come, first-serve basis. SEBI has laid out clear guidelines for allotment of shares at the IPO cut-off price. In case an IPO undersubscribed, investors will get complete allotment of whatever they have bid for.
Why sell before IPO?
A pre-IPO placement refers to the selling of significant amounts of stock in a company before it is listed on a public exchange. The buyer acquires the shares at a lower price compared to the IPO price. This placement allows the company to generate funds and mitigate the risk of an unsuccessful IPO.
Why is IPO successful?
One way to determine the success of an IPO is by considering the level of oversubscription. Another indicator of success is the listing premium. Additionally, the sustainable price after listing is crucial for long-term success.