Wherrelz IT Solutions IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Wherrelz IT Solutions
- Important Details – Wherrelz IT Solutions
- Objects of the Issue
- Wherrelz IT Solutions Limited Financials:
- Wherrelz IPO Details
- Wherrelz IPO DRHP & RHP
- Wherrelz IPO Lot Size
- Wherrelz IPO Lead Managers
- Wherrelz IPO Registrar
- Wherrelz IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered Office
- Company Promoters
- Wherrelz IT Solutions IPO – FAQS
About Wherrelz IT Solutions
The company is promoted by Mr. Chaitanya Dhareshwar who has almost 16 years of experience and Mrs. Sumanlata Dhareshwar who has around 14 years of experience in the field of networking, software design, quality assurance, product development and internet technology
The company including the subsidiary Company, 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.
It 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 through customised software development model depending upon the requirement of the clients which is backed by advanced technology and efficient team of software developers who tend to keep themselves abreast by undergoing continuous R&D activity
The objective of the company is to develop and maintain all in all software solutions to every enterprise in various sectors such as E-commerce, Education, Fintech, Healthcare, Social Networking, and other industries to enable ease of doing business customer-centric solutions
Important Details – Wherrelz IT Solutions
| Date | Details |
|---|---|
| December 19, 2014 | The company was originally incorporated as Private Limited Company in the name of “Wherrelz IT Solutions Private Limited” |
| June 05, 2021 | The company was converted into a Public Limited Company and consequent upon conversion the name of the company was change to Wherrelz IT Solutions Limited |
Objects of the Issue
- Funding working capital requirements; and
- General corporate purposes
Wherrelz IT Solutions Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 9.01 | 8.12 | 7.81 |
| Total income | 20.47 | 22.12 | 20.13 |
| Total Expenses | 18.59 | 17.87 | 18.85 |
| Profit After Tax | 1.44 | 3.16 | 1.24 |
Wherrelz IPO Details
| Description | WITS IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 1,17,600 equity shares of ₹ 10 (aggregating up to ₹ 201.10 lakhs) |
| Issue Open Date | 16-Dec-21 |
| Issue Close Date | 21-Dec-21 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 171 |
| Face Value | ₹ 10 |
| Market Lot | 800 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 800 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | WITS |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Wherrelz IPO DRHP & RHP
Wherrelz IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 800 | ₹ 1,36,800 |
| Maximum | 1 | 800 | ₹ 1,36,800 |
Wherrelz IPO Lead Managers
- Fedex Securities Limited
Wherrelz IPO Registrar
Wherrelz IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 16-Dec-21 |
| Bid / Offer Closes on | 21-Dec-21 |
| Finalisation of Basis of Allotment | 24-Dec-21 |
| Initiation of refunds | 27-Dec-21 |
| Credit of the Equity Shares | 28-Dec-21 |
| Listing Date | 29-Dec-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | CMP | NAV, as on March 31, 2021 (₹ per share) |
| Wherrelz IT Solutions Limited | 10 | 14.37 | 171.00 | 69.78 |
| Tera Software Limited | 10 | 0.67 | 44.80 | 86.84 |
| Megri Soft Limited | 10 | 1.19 | 178.95 | 63.47 |
| Alphalogic Techsys Limited | 10 | 2.14 | 29.55 | 38.85 |
Company Registered Office
Plot No. 15, Road 10,
Sec -1, New Panvel East,
Navi Mumbai,
Raigarh – 410 206
Website: www.wherrelz.in
Company Promoters
- Mr. Chaitanya Dhareshwar
- Mrs. Sumanlata Dhareshwar
Wherrelz IT Solutions IPO – FAQS
What is the Wherrelz IPO Price?
The Wherrelz IPO price band is 171 per share
When Wherrelz IPO will open?
The Wherrelz IPO opens on Dec 16, 2021 and closes on Dec 21, 2021
What is the lot size of Wherrelz IT Solutions IPO?
The Wherrelz IT Solutions IPO lot size is 800 Equity Shares and the minimum order quantity is 800 Equity Shares
Who is the Registrar for Wherrelz IT Solutions IPO?
The Registrar for Wherrelz IT Solutions IPO is Bigshare Services Private Limited
How to apply in Wherrelz IT Solutions IPO through UPI?
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How to apply in Wherrelz IT Solutions IPO through Zerodha?
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