₹9.87 Crores | Listing at BSE | Wed, Mar 24, 2021 - Mon, Apr 19, 2021
WeP Solutions Limited Rights Issue comprises 0.9869 Cr equity shares aggregating to ₹9.87 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Mar 12, 2021.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 22, 2021.
The Rights Issue opens on Mar 24, 2021 and closes on Apr 19, 2021.
The deemed date of allotment is Apr 27, 2021, following which the equity shares are expected to be credited to demat accounts on Apr 29, 2021 and listed on the BSE on Apr 29, 2021.
Arihant Capital Markets Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the WeP Solutions Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Mar 12, 2021
Entitlement Ratio
:
Open Date
Wed, Mar 24, 2021
Close Date
Mon, Apr 19, 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) | |
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.
[Dilip Davda] Since this rights issue is at par, and its last traded price is around Rs. 15.50, cash surplus shareholders may consider investing with a long term perspective as WSL has been posting losses for the last two fiscals as well as 9M of FY21. Read detail review...
WeP Solutions Limited
40/1-A,Basappa Complex
Lavelle Road,
Bengaluru – 560001
Bengaluru, Karnataka, 560001
The WeP Solutions Rights Issue opens on Wed, Mar 24, 2021, and closes on Mon, Apr 19, 2021.
WeP Solutions Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Mon, Mar 22, 2021 |
| Last Date for renunciation of Rights Entitlements | Mon, Apr 12, 2021 |
| Issue Opening Date | Wed, Mar 24, 2021 |
| Issue Closing Date | Mon, Apr 19, 2021 |
| Date of Allotment (on or about) | Tue, Apr 27, 2021 |
| Date of Credit (on or about) | Thu, Apr 29, 2021 |
| Date of Listing (on or about) | Thu, Apr 29, 2021 |
You can apply for WeP Solutions Rights Issue in two ways:
Steps to apply for WeP Solutions Rights Issue using Net Banking (ASBA)
Steps to apply for WeP Solutions Rights Issue using Registrar's website (R-WAP)
