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Wherrelz IT Solutions IPO is a fixed price issue of ₹2.01 crores. The issue is entirely a fresh issue of 0.01 crore shares of ₹2.01 crore.
Wherrelz IT Solutions IPO bidding started from Dec 16, 2021 and ended on Dec 21, 2021. The allotment for Wherrelz IT Solutions IPO was finalized on Dec 24, 2021. The shares got listed on BSE SME on Dec 29, 2021.
Wherrelz IT Solutions IPO price is ₹171.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,36,800 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,73,600.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Wherrelz IT Solutions IPO RHP for detailed Information.
| IPO Date | December 16, 2021 to December 21, 2021 |
| Listing Date | December 29, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹171 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,17,600 shares (aggregating up to ₹2.01 Cr) |
| Reserved for Market Maker | 7,200 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.1231 Cr) |
| Net Offered to Public | 1,10,400 shares (aggregating up to ₹1.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 2,72,000 shares |
| Share Holding Post Issue | 3,89,600 shares |
Wherrelz IT Solutions IPO offers total 1,17,600 shares. Out of which 55,200 (46.94%) allocated to NII, 55,200 (46.94%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 7,200 (6.12%) |
| NII (HNI) Shares Offered | 55,200 (46.94%) |
| Retail Shares Offered | 55,200 (46.94%) |
| Total Shares Offered | 1,17,600 (100.00%) |
Wherrelz IT Solutions IPO opens on December 16, 2021, and closes on December 21, 2021.
| IPO Open Date | Thu, Dec 16, 2021 |
| IPO Close Date | Tue, Dec 21, 2021 |
| Tentative Allotment | Fri, Dec 24, 2021 |
| Initiation of Refunds | Mon, Dec 27, 2021 |
| Credit of Shares to Demat | Tue, Dec 28, 2021 |
| Tentative Listing Date | Wed, Dec 29, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 21, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,800 |
| Retail (Max) | 1 | 800 | ₹1,36,800 |
| HNI (Min) | 2 | 1,600 | ₹2,73,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 18.65 | 9.01 | 8.12 | 7.81 | |
| Total Revenue | 7.43 | 20.47 | 22.12 | 20.13 | |
| Profit After Tax | - 15.38 | 1.44 | 3.16 | 1.24 | |
The company intends to utilize the net proceeds for the following objects:
[Dilip Davda] The company has posted erratic financial performances so far indicating minuscule operations. It has incurred a huge loss in Q1 of FY22 that wiped out its net worth. The issue is exorbitantly priced based on earning scales. Very small paid-up capital post IPO indicates longer gestation for migration to main board. There is no harm in ignoring this pricy offer. Read detail review...
| Listing Date | December 29, 2021 |
| BSE Script Code | 543436 |
| NSE Symbol | |
| ISIN | INE0IM001015 |
| Final Issue Price | ₹171 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹171.00 |
| Open | ₹173.05 |
| Low | ₹173.05 |
| High | ₹178.50 |
| Last Trade | ₹177.20 |
Wherrelz IT Solutions Ltd.
Plot No. 15, Road 10, Sec -1,
New Panvel East,
Raigarh,
Navi Mumbai, Maharashtra, 410206
Phone: +91 9811221082
Email: official@wherrelz.com
Website: https://wherrelz.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Wherrelz IT Solutions IPO is a SME IPO of 1,17,600 equity shares of the face value of ₹10 aggregating up to ₹2.01 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 800.
The IPO opens on December 16, 2021, and closes on December 21, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Wherrelz IT Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Wherrelz IT Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Wherrelz IT Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Wherrelz IT Solutions IPO opens on December 16, 2021 and closes on December 21, 2021.
Wherrelz IT Solutions IPO lot size is 800, and the minimum amount required for application is ₹1,36,800.
You can apply in Wherrelz IT Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Wherrelz IT Solutions IPO will be done on Friday, December 24, 2021, and the allotted shares will be credited to your demat account by Tuesday, December 28, 2021. Check the Wherrelz IT Solutions IPO allotment status.
The Wherrelz IT Solutions IPO listing date is on Wednesday, December 29, 2021.
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