WomenCart IPO GMP

WomenCart IPO GMP: WomenCart Limited is making its mark in the Indian stock market with its SME Initial Public Offering (IPO) on the NSE Emerge platform. The IPO, exclusively composed of fresh issues, comes with a total size of 9.56 Crores. Potential investors can participate in this offering from September 16 to September 18, 2023. Each share has a face value of Rs 10, and the fixed price for this IPO is set at Rs 86 per share.

However, what’s been garnering significant attention in the lead-up to the WomenCart IPO is its Grey Market Premium (GMP). As of October 28, 2023, the WomenCart SME IPO’s GMP stands at ₹30. This indicates a strong interest from investors even before the IPO goes public.

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What exactly is GMP, and how does it affect an IPO? Let’s delve into the details.

WomenCart IPO GMP

Grey Market Premium, often abbreviated as GMP, is the premium at which the shares of a company are trading in the unofficial market, outside the stock exchange. This unofficial market is primarily used by investors to speculate on the potential listing price of an IPO, providing a glimpse of market sentiment. It’s essential to understand that GMP is not an official or regulated indicator but rather an informal estimate.

In the case of WomenCart, the GMP has been quite remarkable. With an IPO price of Rs 86, the estimated listing price, when factoring in the GMP, stands at Rs 116. This implies a significant gain for early investors as the expected percentage gain per share is 34.88%.

See Also: ALL IPO GMP Price

Here’s a quick snapshot of WomenCart’s GMP trend:

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing PriceLast Updated
28-10-202386.00₹3036500₹116 (34.88%)28-Oct-2023; 08:18
27-10-202386.00₹3036500₹116 (34.88%)
26-10-202386.00₹2036500₹116 (34.88%)
25-10-202386.00₹2024300₹106 (23.26%)
24-10-202386.00₹1624300102 (18.60%)
23-10-202386.00₹1624300102 (18.60%)
22-10-202386.00₹2024300106 (23.26%)
21-10-202386.00₹2024300106 (23.26%)
20-10-202386.00₹1721300₹103 (19.77%)
19-10-202386.00₹1721300₹103 (19.77%)
18-10-202386.00₹1721300₹103 (19.77%)
17-10-202386.00₹1012200₹96 (11.63%)
16-10-202386.00₹1012200₹96 (11.63%)
15-10-202386.00₹1012200₹96 (11.63%)
14-10-202386.00₹1012200₹96 (11.63%)
13-10-202386.00₹1012200₹96 (11.63%)
12-10-202386.00₹1012200₹96 (11.63%)
11-10-202386.00₹1012200₹96 (11.63%)

This GMP data reveals that the premium has been steadily growing, indicating increasing investor interest in the WomenCart IPO.

WomenCart IPO Dates

Here are the essential dates related to the WomenCart SME IPO:

  • SME IPO Open Date: 16-10-2023
  • SME IPO Close Date: 18-10-2023
  • Basis of Allotment Finalization Date: 23-10-2023
  • Refunds Initiation: 25-10-2023
  • Credit of Shares to Demat Account: 26-10-2023

These dates are crucial for prospective investors as they outline the timeline for applying for shares and the subsequent processes.

About WomenCart

WomenCart Limited, established in 2018, is a digital retail platform that primarily caters to the beauty and wellness needs of consumers. The company offers a diverse range of classic and emerging branded beauty and wellness products, including skincare, body care, hair care, and fragrances for both men and women. Additionally, WomenCart sells lifestyle products, such as makeup, fashion jewelry, and lingerie.

One of the key strengths of WomenCart is its extensive product portfolio, which consists of approximately 10,000 items from its own brand as well as various national and international brands. This vast selection ensures that customers have access to a wide array of high-quality products.

WomenCart operates both online through its website, womancart.in, and offline through brick-and-mortar stores. This omni-channel approach allows customers to shop in a manner most convenient for them and interact with the brand in multiple ways.

The company’s commitment to customer service and a focus on owned brands with unique and exclusive products make it a prominent player in the industry. Their product range includes items for daily skincare, makeup products, perfumes, hair styling products, and grooming products for men. This diversity in product offerings positions WomenCart as a comprehensive solution for personal care and grooming needs.

Strengths of WomenCart SME IPO

  1. Range Authority in its Product Segments: WomenCart stands out as a leader in its industry segments, offering a wide variety of personal care and grooming products.
  2. Omni-Channel Approach: Operating both online and offline allows WomenCart to reach a broader customer base and cater to diverse preferences.
  3. Focus on Customer Service: Prioritizing exceptional customer service is a crucial factor in building trust and loyalty among customers.
  4. Owned Brands with Unique and Exclusive Products: The company’s focus on developing its brand and offering exclusive products sets it apart from competitors.

In conclusion, the WomenCart SME IPO is generating substantial interest among investors, as reflected by the steadily increasing Grey Market Premium. The company’s strong presence in the personal care and grooming product market, combined with its omni-channel approach and commitment to customer service, positions it favorably for future growth. As always, before investing in any IPO, it’s essential to conduct thorough research and consult with financial experts to make informed decisions.

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