The initial public offer (IPO) of WomanCart received bids for 51,20,000 shares as against 11,12,000 shares on offer, as per NSE data as of 17:00 hours on Monday (16 October 2023). The issue was subscribed 4.60 times.

The issue opened for bidding on Monday (16 October 2023) and it will close on Wednesday (18 October 2023). The price band of the IPO is fixed at Rs 86 per share. The minimum order quantity is 1,600 shares. The equity shares are proposed to be listed on the Emerge Platform of National Stock Exchange of India (NSE EMERGE).

The issue size comprises of fresh issue of 11.12 lakh equity shares, aggregating upto Rs 9.56 crore. The promoter and promoter group shareholding will dilute to 57.34% post IPO from 78.01 % pre-IPO.

About 56,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 10,56,000 equity shares. The issue and the net issue will constitute 26.50 % and 25.17% respectively of the post issue paid up equity share capital of the company.

The company intends to utilize the funds to meet the expenses on branding and marketing; working capital requirements; general corporate purposes and remaining balance to meet the issue expenses.

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 recorded revenue from operations of Rs 9.64 crore and net profit of Rs 0.50 crore for the period as on 31 March 2023.