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WeP Solutions Ltd started as a public limited company in March 1995 under the name of Datanet Corporation Ltd. It was later renamed as WeP Solutions Ltd. The company came out with a successful IPO in the year 2000. The shares of the company are listed with Bombay Stock Exchange Limited, Mumbai. During the year 2010-11, acquired the Managed Print Services (MPS) division of M/s WeP Solutions India Limited.
WeP Solutions Limited is in the following lines of business: a) Managed Printing Services b) Digital Services c) Retail Printing Services
MPS being the next level opportunity of the printing and imaging industry culminates the printing/ copying /scanning requirements of organizations.
Some of the major sectors understanding the benefits of MPS are Education, BFSI, Manufacturing Health care, and IT.
With Managed Printing Solutions, WeP solutions helps the organizations in: • Reducing cost associated with printing and copying • Reducing staff time related to managing and supporting imaging devices • Improving the level of support to end-users • Focusing on other business priorities • Contributing to environmental objectives
The Companys registered and corporate office is in Bengaluru, Karnataka. They have a factory in Baddi, Himachal Pradesh, and a warehousing and small component manufacturing facility at Mysore, Karnataka. For sales and marketing, and support services, the company has branches/offices at 11 locations across India.
| Issue Open | March 24, 2021 - April 19, 2021 |
| Security Name | WeP Solutions Limited |
| Issue Size (Shares) | 9,868,640 |
| Issue Size (Amount) | ₹9.87 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs 10 per Equity Share to be paid at the time of application. |
| Entitlement | 3 Rights Equity Share for every 8 Fully Paid-up equity shares held on the Record Date |
| Record Date | March 12, 2021 |
| Credit of Rights Entitlements | March 22, 2021 |
| Bid/Offer Opens On | March 24, 2021 |
| Renunciation of Rights Entitlements | April 12, 2021 |
| Bid/Offer Closes On | April 19, 2021 |
| Deemed Date of Allotment | April 27, 2021 |
| Credit Date | April 29, 2021 |
| Listing Date | April 29, 2021 |
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 7,310.90 | 7,042.89 | |
| Total Income | 6,926.83 | 7,755.53 | |
| Profit After Tax | (212.08) | (313.77) | |
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WeP Solutions Limited
40/1-A,Basappa Complex
Lavelle Road,
Bengaluru – 560001
Phone: 9019915738
Email: compliance.officer@wepsol.in
Website: http://www.wepsolutions.co.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
The WeP Solutions Rights Issue opens on March 24, 2021, and closes on April 19, 2021.
WeP Solutions Rights Issue Schedule
| Last Date for credit of Rights Entitlements | March 22, 2021 |
| Last Date for renunciation of Rights Entitlements | April 12, 2021 |
| Issue Opening Date | March 24, 2021 |
| Issue Closing Date | April 19, 2021 |
| Date of Allotment (on or about) | April 27, 2021 |
| Date of Credit (on or about) | April 29, 2021 |
| Date of Listing (on or about) | April 29, 2021 |
WeP Solutions Rights Issue price is set at ₹10 per share per equity share.
The eligible shareholders are being offered 3 Rights Equity Share for every 8 Fully Paid-up equity shares held on the Record Date (March 12, 2021).
The record date for the WeP Solutions Rights Issue is March 12, 2021.
The issue size of WeP Solutions Rights Issue is of 9,868,640 equity shares at ₹10 per share aggregating upto ₹9.87 Crores.
The Letter of Offer for WeP Solutions Rights Issue can be download here.
You can apply for WeP Solutions Rights Issue in two ways:
Steps to apply for WeP Solutions Rights Issue using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for WeP Solutions Rights Issue using Registrar's website (R-WAP)
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