Wherrelz IT Solutions IPO Details

Wherrelz IT Solutions IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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

December 19, 2014The company was originally incorporated as Private Limited Company in the name of “Wherrelz IT Solutions Private Limited”
June 05, 2021The 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

DescriptionWITS IPO Details
Public IssueInitial Public Issue of upto 1,17,600 equity shares of ₹ 10 (aggregating up to ₹ 201.10 lakhs) 
Issue Open  Date16-Dec-21
Issue Close Date21-Dec-21
Issue TypeFixed 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 InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Wherrelz IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1800₹ 1,36,800
Maximum1800₹ 1,36,800

Wherrelz IPO Lead Managers

  • Fedex Securities Limited

Wherrelz IPO Registrar

Wherrelz IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on16-Dec-21
Bid / Offer Closes on21-Dec-21
Finalisation of Basis of Allotment24-Dec-21
Initiation of refunds 27-Dec-21
Credit of the Equity Shares28-Dec-21
Listing Date29-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
CMPNAV, as on March 31, 2021
(₹ per share)
Wherrelz IT Solutions Limited1014.37171.0069.78
Tera Software Limited100.6744.8086.84
Megri Soft Limited101.19178.9563.47
Alphalogic Techsys Limited102.1429.5538.85

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?

Check the step by step process here – Click here

How to apply in Wherrelz IT Solutions IPO through Zerodha?

Check the step by step process here – Click here

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