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WeP Solutions Limited Rights Issue (WeP Solutions Rights Issue) Detail

March 24, 2021 - April 19, 2021
WeP Solutions Limited Logo

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.

WeP Solutions Rights Issue Detail

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

WeP Solutions Rights Issue Issue Timetable

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

Company Financials

Summary of financial Information (Consolidated)
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)

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Reduction of the consolidated borrowings, 2. Meet the additional working capital requirements, 3. Meet expenses for the Issue, and 4. General corporate purposes.

WeP Solutions Rights Issue Documents

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Company Contact Information

WeP Solutions Limited
40/1-A,Basappa Complex
Lavelle Road,
Bengaluru – 560001

Phone: 9019915738

WeP Solutions Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390

WeP Solutions Rights Issue Lead Manager(s)

WeP Solutions Rights Issue FAQs

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 EntitlementsMarch 22, 2021
Last Date for renunciation of Rights EntitlementsApril 12, 2021
Issue Opening DateMarch 24, 2021
Issue Closing DateApril 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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for WeP Solutions Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the WeP Solutions Rights Issue available on the list.
  4. Click the Apply button next to the WeP Solutions Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select WeP Solutions Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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