This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEDAF0IH_M.jpg
The public offer, managed by Narnolia Financial Services, Maashitla Securities, and Nikunj Stock Broker, is set to close on Wednesday, October 18. These firms are overseeing book-running, registrar duties, and market-making for the ₹9.56-crore (USD1 = INR83.256) public offer.
The IPO consists entirely of fresh shares priced at ₹86 each with no offer-for-sale component involved. Proceeds from the IPO will be allocated to fund branding and marketing efforts, app development, and working capital requirements, with the remainder set aside for general corporate purposes.
WomanCart offers over 100 skincare brands at its offline store located in Shalimar Bagh, Delhi. Prior to the issue, Veena Pahwa and her group held a majority stake of 78.01% in the company. Following the completion of the IPO, their stake is expected to decrease to 57.4%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
