Wherrelz IT Solutions IPO Details

Wherrelz IT Solutions Limited IPO Details

Wherrelz IT Solutions is mainly in the business of web-centric, multi-spectrum IT Product and development. Incorporated in 2014 its subsidiary is Infinitybeam IOT Labs Private Limited. It is based in Navi Mumbai.

 Wherrelz IT Solutions provides a wide range of services such as Enterprise Risk Management (ERM), Enterprise Resource Planning (ERP), E-Commerce, Application programming interface (API), Cyber Security, Cloud-based tools through standard software development model or customized software development model depending upon the requirement of the clients.

The Company’s strength comprises Experienced Senior Management, Scalable Business Model, and Broad Software Engineering Capabilities.

Company Promoters

Mr. Chaitanya Dhareshwar & Mrs. Sumanlata Dhareshwar.

Company Financials

Particulars Year (₹ 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

WHERREIZ IT SOLUTIONS IPO TIMELINE :

The Wherrelz IT Solutions IPO opens on 16-12-2021 and will close on 21-12-2021. The issue will list on 29-12-2021.

IPO Open Date 16-12-2021
IPO Close Date 21-12-2021
Basis of Allotment Date 24-12-2021
Initiation of Refunds 27-12-2021
Shares to Demat Account 28-12-2021
IPO Listing Date 29-12-2021

Wherrelz IT Solutions IPO Details :

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 Size

117,600 Equity Shares of ₹10

(Aggregating up to ₹2.01 Cr)

Fresh Issue

117,600 Equity Shares of ₹10

(Aggregating up to ₹2.01 Cr)

Wherrelz IT Solutions IPO Lot Size

The Wherrelz IT Solutions IPO market lot size is 800 shares and its price band is fixed at ₹171. A retail-individual investor can apply for up to 1 lot or 800 shares amounting to ₹136,800.

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

Wherrelz IT Solutions IPO Review

Neither the Company has great financial data nor it the issue has come up with proper valuations. Net worth being wiped out because of the huge loss the Company posted for the 1st quarter of the fiscal year 2022. Avoiding the IPO can be a wise decision.

Wherrelz IT Solutions IPO Lead Manager

Fedex Securities Limited

Wherrelz IT Solutions IPO Registrar :

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

Company Contact Information

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

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