Read on the application
Shares of Womankart Limited have made a strong entry in the market. In the IPO, Womenkart’s shares were priced at Rs. Bought in 86. On Friday, the company’s shares traded at a premium of over 36 percent to Rs. 117 were listed. Soon after the listing, shares of WomanKart traded with an upper circuit of 5 percent at Rs. 122.85 has been reached. Investors who invested money in the company’s IPO made more than 40% profit on the first day. WomanKart’s total public issue size is Rs. 9.56 crores.
The company’s IPO has been subscribed more than 67 times
The IPO of Womankart Limited has been subscribed a total of 67.48 times. Retail investors have subscribed 71.94 times the quota in the company’s IPO. At the same time, other categories of IPOs received 56.30 times subscription. The promoters’ stake in the company was 78.01 per cent before the IPO, which has now come down to 57.40 per cent. Womankart was launched in the year 2018. It is an online retail platform that offers beauty brands and wellness products across skin care, hair care and body care to men and women.
Also Read- Big blow to Adani Group, foreign investors are leaving, shares of many companies sold
Retail investors can bid for 1600 shares
Retail investors can bid for 1 lot in Womankart Limited’s IPO. 1 lot of IPO had 1600 shares. That means retail investors had to invest 137600 rupees. The company’s IPO opened for subscription on October 16 and will remain open till October 18. Womankart’s IPO has come at a fixed price of Rs 86. The company’s shares are listed on the NSE SME Exchange. The company will use the funds raised from the IPO to meet branding and marketing expenses, app development, working capital requirements.
Also Read- Jindal India, Reliance will compete in the race to buy this company!