WomanCart IPO Allotment Status
Quick take on WomanCart IPO
The IPO of WomanCart Ltd opened for subscription on 16th October 2023 and closed for subscription on 18th October 2023. The IPO is a fixed price IPO where the stock of WomanCart Ltd has a face value of ₹10 per share and the issue price for the fixed price IPO has been set at ₹86 per share. The IPO of WomanCart Limited has a fresh issue component and no offer for sale (OFS) portion in the IPO. As part of the fresh issue portion of the IPO, WomanCart Limited will issue a total of 11,12,000 shares (11.12 lakhs), which at the fixed IPO price of ₹86 per share aggregates to a total fresh issue size of ₹9.56 crore. Since, there is no OFS component, the total issue size will also comprise the issue of 11,12,000 shares (11.12 lakhs), which at ₹86 per share, also aggregates to total issue size of ₹9.56 crore.
The minimum lot size for the IPO investment will be 1,600 shares. Thus, retail investors can invest a minimum of ₹137,600 (1,600 x ₹86 per share) in the IPO. That is also the maximum that the retail investors can invest in the IPO. HNI / NII investors can invest a minimum of 2 lots comprising of 3,200 shares and having a minimum lot value of ₹2,75,200. There is no upper limit on what the QIBs as well as what the HNI / NII investors can apply for. Like any SME issue, WomanCart Ltd will also have a market maker quota allocation of 56,000 shares. The market maker is Nikunj Stock Brokers Ltd and will provide two-way quotes to ensure liquidity on the counter post listing and low basis costs. Post the issue, the stake of the promoter, Veena Pahwa, will dilute from 78.01% to 57.40%. The fresh funds will be used for expenses of branding and marketing as well as for the expenses of app development and working capital needs. Narnolia Financial Services Ltd will be the lead manager to the issue and Maashitla Securities Private Ltd will be the registrar to the issue.
Check Allotment Status of WomanCart IPO
How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status directly on the website of the IPO registrar, Maashitla Securities Private Limited. Here are the steps that you need to follow to check allotment status.
WomanCart IPO Registrars
Registrar to IPO : Maashitla Securities Private Limited
There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there is also a way to access this page via the home page of Maashitla Securities Private Ltd by clicking on the “Allotment Status” link displayed prominently on the home page. It all works the same.
This dropdown will show the active IPOs and also the IPOs that are being managed by the registrar but not yet active. However, you can access the online allotment status only after the allotment status is finalized for WomanCart Ltd. At that point, you can go and select the company (WomanCart Ltd) from the drop down box. The allotment status will be finalized on 23rd October 2023, so in this case, you can access the details on the registrar website either late on 23rd October 2023 or by middle of 24th October 2023. Once the company is selected from the dropdown box, you have 2 methods to check the allotment status for the IPO of WomanCart Ltd.
- Firstly, you can query for the application status based on your mapped Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The first 5 characters ad alphabets, sixth to ninth characters are numerical while the last character is once again an alphabet. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Submit Button.
- Secondly, you can also search by Beneficiary ID of your demat account. You have to then enter the combination of the DP id and the Client id as one single string. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. Just enter the combination of DP id and customer id as it is. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Submit Button in both cases.
You can follow any of the options above. The IPO status with number of shares of WomanCart Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 26th October 2023 or after that. It must be noted here that, in the past, Maashitla Securities Private Ltd (the registrar to the issue) was also offering the facility to query on allotment status based on application number / CAF number. That has now been discontinued and applicants in the IPO can now only query by either the Income Tax PAN number or the demat account number. The query facility by application number / CAF number is no longer available and therefore the investors can now check the online allotment status only based on the PAN query or the DP account query.
WomanCart IPO Subscription Status
Here is a quick look at how the allocation was made across different categories of investors. This is the first factor that impacts the investor’s chances of allotment in the IPO.
|Investor Category||Shares Offered|
|Anchor Investor Shares Offered||Nil shares|
|Market Maker Shares||56,000 shares (5.04% of total issue size)|
|NII (HNI) Shares Offered||5,28,000 shares (47.48% of total issue size)|
|Retail Shares Offered||5,28,000 shares (47.48% of total issue size)|
|Total Shares Offered||11,12,000 shares (100.00% of total issue size)|
You can check the number of shares available for your specified quota which gives an idea of the chances of allotment at the outset itself. The response to the IPO of WomanCart Ltd was very strong and it was subscribed 67.48X overall at the close of bidding on 18th October 2023 with the HNI / NII segment seeing 56.30 times subscription and the Retail portion seeing 71.94 times subscription. There was no dedicated QIB quota for the IPO. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 18th October 2023.
(₹ in crore)
|HNIs / NIIs||56.30||5,28,000||2,97,28,000||255.66|
|Total Applications:||23,741 (71.94 times)|
The basis of allotment will be finalized on 23rd October 2023, the refunds will be initiated on 25th October 2023, demat credits will be finalized on 26th October 2023, while the stock of WomanCart Ltd will get listed on the NSE SME segment on 27th October 2023. The NSE SME segment is the place where the start-ups and young companies get listed, as opposed to the regular mainboard segment. The high level of subscription in the IPO reduces the chances of getting allotment in the IPO, but one has to now wait for the basis of allotment to be finalized.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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