WomenCart Ltd IPO

Incorporated in 2018, WomenCart Limited mainly operates a digital consumer-centric retail platform. The platform provides a wide range of classic and emerging branded beauty and wellness products for both men and women: skin care, body care, hair care, and fragrances. 

The company operates its business through online and offline channels. The online platform runs through websites such as womancart.in, saydajewels.com, while offline channel comprises 2 physical stores in Delhi and 1 kiosk.

The global beauty market, including skincare, fragrance, makeup, and haircare, generated a revenue of ~$430 billion in 2022. It is expected that the market is likely to reach ~$580 billion by 2027, indicating an annual growth of 6%. The growth of the beauty market is likely to be supported by factors such as the rise of wellness and the influence of Gen Z, etc.

WomenCart Limited IPO Details

WomenCart Limited IPO Date

WomenCart Limited IPO is a 100% fresh issue. The fresh issue comprises 11,12,000 shares aggregating up to ₹9.56 crore. WomenCart Limited’s IPO will be listed on the NSE SME on October 27, 2023. It is a fixed-price issue IPO.

WomenCart Limited IPO Price Band

The price of the IPO has been fixed at ₹86 per share.

WomenCart Limited IPO Lot Size

The WomenCart Limited IPO lot size is 1,600 shares, and the minimum investment will be ₹1,37,600.

WomenCart Limited IPO Objectives 

The objectives of WomenCart Limited IPO are listed below:

• Branding & Marketing.
• App Development. 
• Working Capital Requirement & Issue Expenses.
• General corporate purposes.

Peer Details

As per DRHP, FSN E-Commerce Ventures Ltd (Nykaa) is the only listed peer of the company.

How To Check the Allotment Status of the WomenCart Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

• Log in to the Angel One app
• Go to the IPO Section and then to IPO Orders
• Select the individual IPO that you had applied for and check the allotment status.
• Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of WomenCart Limited

Registered office: House No. 57, 3rd Floor, Block F-14, Model Town, New Delhi- 110009, India

Phone:  +91-9205577453,

E-mail:secretarial@womancart.in

WomenCart Ltd Company Financials

Know before investing

Strengths

1. The company generates revenue through four brands, which include Sayda Jewels (Jewellery products), Wondercurve (Apparel brand), Faeezah (Clothing brand) and Feya (Hair accessories). This indicates well-diversified revenue streams for the overall business.

2. The company's growth strategy revolves around strengthening the core business and expanding into new markets and adjacent categories.

Risks

1. Over the past years, the company witnessed a trend of falling average revenue per order, which could be a hurdle for future business growth.

2. The company is exposed to risks arising from failure to receive payments, including risks associated with cash on delivery and payment processing.