Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Thu, Dec 16, 2021 - Tue, Dec 21, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 16, 2021
IPO Close
Tue, Dec 21, 2021
Issue Price
₹171 per share
Market Cap (Pre-IPO)
₹6.66 Cr
| IPO Date | 16 to 21 Dec, 2021 |
| Listed on | Wed, Dec 29, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹171 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,17,600 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 7,200 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.1231 Cr) |
| Fresh Issue (Ex Market Maker) | 1,10,400 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 1,10,400 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 2,72,000 shares |
| Share Holding Post Issue | 3,89,600 shares |
| BSE Script Code | 543436 |
| ISIN | INE0IM001015 |
Wherrelz IT Solutions IPO comprises a total issue size of 1,17,600 shares. The net offer to the public is 1,10,400 shares, after excluding 7,200 shares allotted on a firm basis. Of the Net offer 55,200 (50.00%) allocated to NII 55,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 55,200 | 50.00% | 46.94% |
| Retail Shares Offered | 55,200 | 50.00% | 46.94% |
| Firm Reservations | |||
| Market Maker Shares Offered | 7,200 | 6.12% | |
| Total Shares Offered | 1,17,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 1.14 |
| 2 | General Corporate Purpose | 0.45 |
The Wherrelz IT Solutions IPO is subscribed 2.25 times on December 21, 2021 7:52:00 PM (Day 5). The public issue subscribed 2.86 times in the retail category, [.] times in the QIB category, and 1.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.65 | 55,200 | 91,200 |
| Retail | 2.86 | 55,200 | 1,57,600 |
| Total | 2.25 | 1,10,400 | 2,48,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.30 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (to be specified) | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹171.00 |
| Open | ₹173.05 |
| Low | ₹173.05 |
| High | ₹178.50 |
| Last Trade | ₹177.20 |
Lead Manager Reports
Wherrelz IT Solutions IPO is a SME IPO of 1,17,600 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹171 per share. The minimum order quantity is 800.
The IPO opens on Thu, Dec 16, 2021, and closes on Tue, Dec 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 Thu, Dec 16, 2021 and closes on Tue, Dec 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 Tue, Dec 28, 2021. Check the Wherrelz IT Solutions IPO allotment status.
The Wherrelz IT Solutions IPO listing date is on Wed, Dec 29, 2021.
