WomenCart IPO Subscription Status: A Detailed Overview

WomenCart IPO Subscription Status: WomenCart Limited, a digital retail platform specializing in beauty and wellness products for both men and women, is all set to embark on a new journey with its SME IPO at NSE Emerge. This IPO is generating significant buzz among investors and the market, offering an opportunity to become part of a promising venture. In this blog, we’ll take a closer look at the WomenCart IPO Subscription Status, providing you with essential information on the offering, subscription data, and the company itself.

See Also: WomenCart IPO GMP

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WomenCart IPO Details

WomenCart’s SME IPO is a fresh issue with a total size of 9.56 Crores INR. The IPO application window opened on September 16th, 2023, and is scheduled to close on September 18th, 2023. Each share has a face value of Rs 10, and to apply, you’ll need to buy at least one lot size, which comprises a minimum of 1600 shares, or its multiples, at a fixed price of Rs 86 per share.

WomenCart IPO Subscription Status

Here’s a table illustrating the IPO subscription status for the WomenCart IPO: [Last Updated: 18th Oct 2023; 08:22]

DayNII (Non-Institutional Investors)RII (Retail Individual Investors)Total
# of Share Offered5,28,0005,28,00010,56,000
18th Oct 202356.30x71.94x67.48x
17th Oct 20236.32x22.35x15.34x
16th Oct 20231.67x8.36x5.01x

The above table provides insight into the subscription numbers for the different categories of investors. As of October 17th, 2023, the IPO has garnered 56.30 times the subscription from Non-Institutional Investors (NII) and an impressive 71.94 times the subscription from Retail Individual Investors (RII), resulting in an overall subscription of 67.48 times the total number of shares offered.

IPO Bidding Live Number of Shares by Category

  • NII: Number of Shares Offered: 5,28,000, Number of Shares Bid: 2,51,200.
  • RII: Number of Shares Offered: 5,28,000, Number of Shares Bid: 12,76,800.
  • Total: Number of Shares Offered: 10,56,000, Number of Shares Bid: 15,28,000.

This data emphasizes the strong interest from Retail Individual Investors (RII) in the WomenCart IPO, with the number of shares bid exceeding the number offered by a significant margin.

WomenCart SME IPO Dates

Here are the important dates related to WomenCart’s SME IPO:

  • SME IPO Open Date: 16th Oct 2023
  • SME IPO Close Date: 18th Oct 2023
  • Basis of Allotment Finalization Date*: 23rd Oct 2023
  • Refunds Initiation*: 25th Oct 2023
  • Credit of Shares to Demat Account*: 26th Oct 2023
  • SME IPO Listing Date: 27th Oct 2023

About WomenCart

Founded in 2018, WomenCart is a digital retail platform that offers an extensive range of beauty and wellness products for both men and women. In addition to its online presence, WomenCart also operates physical stores. Their product catalog includes skincare items, makeup, fragrances, hair styling products, and grooming essentials for men such as shavers, trimmers, and beard care products. WomenCart boasts a product portfolio of approximately 10,000 SKUs, featuring its own brand as well as a variety of other national and international brands.

Parent Organisation: WomenCart Limited
Founded: 2018
Managing Director: Mr. Madhu Sudan Pahwa

In conclusion, the WomenCart IPO Subscription Status reflects a promising response from retail investors. With its wide product range and a strong online presence, WomenCart has the potential to grow and expand in the digital retail space. As the IPO progresses through its various stages, it will be interesting to see how it performs in the market and whether it realizes its full potential. Investors and enthusiasts should keep a close eye on the company and the upcoming listing date to see how it unfolds.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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