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Wherrelz IT Solutions Limited IPO (Wherrelz IT Solutions IPO) Detail

Dec 16, 2021 - Dec 21, 2021

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 Dhareshwar are the company promoters

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

The company intends to utilize the net proceeds for the following objects:

  • Working Capital Requirements
  • General Corporate Purpose

Wherrelz IT Solutions IPO 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 Size117,600 Eq Shares of ₹10
(aggregating up to ₹2.01 Cr)
Fresh Issue117,600 Eq Shares of ₹10
(aggregating up to ₹2.01 Cr)

Wherrelz IT Solutions IPO Tentative Timetable

The Wherrelz IT Solutions 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

Wherrelz IT Solutions IPO Lot Size

The Wherrelz IT Solutions IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136,800).

Application Lots Shares Amount (Cut-off)
Minimum 1 800 ₹136,800
Maximum 1 800 ₹136,800

Wherrelz IT Solutions IPO Promoter Holding

Pre Issue Share Holding 29.41%
Post Issue Share Holding 20.53%

Wherrelz IT Solutions IPO Review

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...

Wherrelz IT Solutions IPO Subscription Status (Bidding Detail)

The Wherrelz IT Solutions IPO is subscribed 2.25 times on Dec 21, 2021 7:52:00 PM. 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)

CategorySubscription (times)
NII1.65
Retail2.86
Total2.25

Wherrelz IT Solutions IPO Prospectus

Wherrelz IT Solutions IPO Rating

83
4.2
Rating:Rated 4.2 stars
Vote Here ...

Wherrelz IT Solutions IPO Listing Date

Listing Date Wednesday, December 29, 2021
BSE Script Code 543436
NSE Symbol
Listing In TS Group of Securities
ISIN INE0IM001015
IPO Price ₹171 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹171.00
₹173.05
₹173.05
₹178.50
₹177.20

Company Contact Information

Wherrelz IT Solutions Limited
Plot No. 15, Road 10, Sec -1,
New Panvel East,
Navi Mumbai, Raigarh – 410 206
Phone: +91 9811221082
Email: official@wherrelz.com
Website: https://wherrelz.in/

Wherrelz IT Solutions IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Wherrelz IT Solutions IPO Reviews / Ratings

Wherrelz IT Solutions IPO Lead Manager(s)

Wherrelz IT Solutions IPO FAQs

Wherrelz IT Solutions IPO is a SME IPO of 117,600 equity shares of the face value of ₹10 aggregating up to ₹2.01 Crores. The issue is priced at ₹171 per equity share. The minimum order quantity is 800 Shares.

The IPO opens on Dec 16, 2021, and closes on 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Wherrelz IT Solutions IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Wherrelz IT Solutions IPO opens on Dec 16, 2021 and closes on Dec 21, 2021.

Wherrelz IT Solutions IPO lot size is 800 Shares and the minimum order quantity is 800 Shares.

You can apply in Wherrelz IT Solutions IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Wherrelz IT Solutions IPO will be done on Dec 24, 2021, and the allotted shares will be credited to your demat account by Dec 28, 2021. Check the Wherrelz IT Solutions IPO allotment status.

The Wherrelz IT Solutions IPO listing date is on Wednesday, December 29, 2021.

Wherrelz IT Solutions IPO Message Board

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