Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Wherrelz IT Solutions IPO is a fixed price issue of Rs 2.01 crores. The issue is entirely a fresh issue of 1.18 lakh shares.
Wherrelz IT Solutions IPO bidding started from December 16, 2021 and ended on December 21, 2021. The allotment for Wherrelz IT Solutions IPO was finalized on Friday, December 24, 2021. The shares got listed on BSE SME on December 29, 2021.
Wherrelz IT Solutions IPO price is ₹171 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,800.
Fedex Securities Pvt Ltd is the book running lead manager of the Wherrelz IT Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Wherrelz IT Solutions IPO RHP for detailed information.
| IPO Date | December 16, 2021 to December 21, 2021 |
| Listing Date | December 29, 2021 |
| Face Value | ₹10 per share |
| Price | ₹171 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 117,600 shares (aggregating up to ₹2.01 Cr) |
| Fresh Issue | 117,600 shares (aggregating up to ₹2.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 7,200 shares |
Wherrelz IT Solutions IPO offers 117,600 shares. 55,200 (46.94%) to NII, 55,200 (46.94%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 7,200 (6.12%) |
| Other Shares Offered | 55,200 (46.94%) |
| Retail Shares Offered | 55,200 (46.94%) |
| Total Shares Offered | 117,600 (100%) |
Wherrelz IT Solutions IPO opens on December 16, 2021, and closes on December 21, 2021.
| IPO Open Date | Thursday, December 16, 2021 |
| IPO Close Date | Tuesday, December 21, 2021 |
| Basis of Allotment | Friday, December 24, 2021 |
| Initiation of Refunds | Monday, December 27, 2021 |
| Credit of Shares to Demat | Tuesday, December 28, 2021 |
| Listing Date | Wednesday, December 29, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 1 | 800 | ₹136,800 |
| Lot Size Calculator | |||
Mr. Chaitanya Dhareshwar and Mrs. Sumanlata Dhareshwar are the company promoters
| Share Holding Pre Issue | 29.41% |
| Share Holding Post Issue | 20.53% |
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:
| 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 | |
The company intends to utilize the net proceeds for the following objects:
[Dilip Davda] 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...
The Wherrelz IT Solutions IPO is subscribed 2.25 times on December 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.65 |
| Retail | 2.86 |
| Total | 2.25 |
| Listing Date | December 29, 2021 |
| BSE Script Code | 543436 |
| NSE Symbol | |
| ISIN | INE0IM001015 |
| Final Issue Price | ₹171 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹171.00 |
| ₹173.05 |
| ₹173.05 |
| ₹178.50 |
| ₹177.20 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
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 share. The minimum order quantity is 800 Shares.
The IPO opens on December 16, 2021, and closes on December 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
Visit Zerodha IPO Application Process Review for more detail.
The Wherrelz IT Solutions IPO opens on December 16, 2021 and closes on December 21, 2021.
Wherrelz IT Solutions IPO lot size is 800 Shares, and the minimum amount required is ₹136,800.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Wherrelz IT Solutions IPO will be done on Friday, December 24, 2021, and the allotted shares will be credited to your demat account by Tuesday, December 28, 2021. Check the Wherrelz IT Solutions IPO allotment status.
IPO Guru (1400+ Posts, 1400+ Likes)
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (800+ Posts, 1100+ Likes)
Top Contributor (500+ Posts, 200+ Likes)
