Wherrelz IT Solutions Limited IPO Detail
Incorporated in 2014, Wherrelz IT solutions and its subsidiary Infinitybeam IOT Labs Private Limited is engaged in the business of web-centric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy. The company provides a wide range of services such as Enterprise Risk Management (ERM), Enterprise Resource Planning (ERP), E-Commerce, Application programming interface (API), Cyber Security, Internet of Things (IoT), cloud-based tools, etc through standard software development model or customized software development model depending upon the requirement of the clients.
Competitive Strengths:
- Experienced senior management.
- Scalable Business Model
- Broad software engineering capabilities
Company Promoters
Mr. Chaitanya Dhareshwar and Mrs. Sumanlata DhareshwarIPO Details
| IPO Opening Date | Dec 16, 2021 |
| IPO Closing Date | Dec 21, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹171 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹2.01 Cr |
| Fresh Issue | ₹2.01 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.55x | 1.49x | 1.52x |
IPO Tentative Timetable
The Wherrelz IT Solutions Limited IPO open date is Dec 16, 2021, and the close date is Dec 21, 2021. The issue may list on Dec 29, 2021.
| IPO Open Date | Dec 16, 2021 |
| IPO Close Date | Dec 21, 2021 |
| Basis of Allotment Date | Dec 24, 2021 |
| Initiation of Refunds | Dec 27, 2021 |
| Credit of Shares to Demat Account | Dec 28, 2021 |
| IPO Listing Date | Dec 29, 2021 |
IPO Lot Size
The Wherrelz IT Solutions Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136800 |
| Maximum | 1 | 800 | ₹136800 |
IPO Promoter Holding
| Pre Issue Share Holding | 29.41% |
| Post Issue Share Holding | 20.53% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-21 | 18.65 | 7.43 | - 15.38 |
| 31-Mar-21 | 9.01 | 20.47 | 1.44 |
| 31-Mar-20 | 8.12 | 22.12 | 3.16 |
| 31-Mar-19 | 7.81 | 20.13 | 1.24 |
Objects of the Issue:
- Working Capital Requirements
- General Corporate Purpose
Wherrelz IT Solutions Limited IPO Registrar:
Bigshare Services Pvt Ltd
Wherrelz IT Solutions Limited IPO Lead Manager(s):
Fedex Securities Limited
