Last updated on December 30, 2021
Wherrelz IT Solutions IPO description – The company, along with its subsidiary Infinitybeam IOT Labs, is engaged in the business of webcentric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy. It 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 through customised software development model depending upon the requirement of the clients which is backed by advanced technology and efficient team of software developers who tend to keep themselves abreast by undergoing continuous R&D activity.
The company’s objective is to develop and maintain all in all software solutions to every enterprise in various sectors such as Ecommerce, Education, Fintech, Healthcare, Social Networking, and other industries to enable ease of doing business.
Promoters of Wherrelz IT Solutions – Mr Chaitanya Dhareshwar and Mrs Sumanlata Dhareshwar
Wherrelz IT Solutions IPO Details
| Subscription Dates | 16 – 21 December 2021 |
| Price Band | INR171 per share |
| Fresh issue | 1,17,600 shares (INR2.01 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,17,600 shares (INR2.01 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Wherrelz IT Solutions‘ Financial Performance
| Â | FY2019 | FY2020 | FY2021 |
| Revenue | 20.1 | 22.1 | 20.5 |
| Expenses | 18.9 | 17.9 | 18.6 |
| Net income | 1.2 | 3.2 | 1.4 |
Wherrelz IT Solutions Offer News
Wherrelz IT Solutions Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR1.80
Price/Earnings (PE ratio): 69.14
Return on Net Worth (RONW): 20.59%
Net Asset Value (NAV): INR8.72 per share
Wherrelz IT Solutions IPO GMP Daily Trend
| Date | Wherrelz IT Solutions IPO GMP | Kostak | Subject to Sauda |
Wherrelz IT Solutions IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 58,800 | 58,800 | 1,17,600 |
| Day 1 | 1.43 | 1.02 | 1.22 |
| Day 2 | 1.46 | 1.40 | 1.43 |
| Day 3 | 1.48 | 2.26 | 1.87 |
| Day 4 | 1.55 | 2.68 | 2.12 |
Wherrelz IT Solutions Public Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Wherrelz IT Solutions Contact Details
Wherrelz IT Solutions Limited
Plot No. 15, Road 10
Sec -1, New Panvel East,
Navi Mumbai, Raigarh – 410 206
Phone:Â 9811221082
Email: [email protected]
Website: www.wherrelz.com
Wherrelz IT Solutions Offer Allotment Status
Wherrelz IT Solutions IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
Wherrelz IT Solutions IPO Timetable
| IPO Opening Date | 16 December 2021 |
| IPO Closing Date | 21 December 2021 |
| Finalisation of Basis of Allotment | 24 December 2021 |
| Initiation of refunds | 27 December 2021 |
| Transfer of shares to demat accounts | 28 December 2021 |
| Listing Date | 29 December 2021 |
| Opening Price on BSE | INR173.05 per share (up 1.20% from IPO price) |
| Closing Price on BSE | INR177.2 per share (up 3.63% from IPO price) |
Wherrelz IT Solutions IPO FAQs
What are investors portions in Wherrelz IT Solutions public offer?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in Wherrelz IT Solutions IPO?
The best way to apply in Wherrelz IT Solutions IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Wherrelz IT Solutions IPO size?
Wherrelz IT Solutions offer size is INR2.01 crore.
What is Wherrelz IT Solutions IPO Price Band?
Wherrelz IT Solutions IPO Price is INR171 per share.
What is the lot size of Wherrelz IT Solutions IPO?
Wherrelz IT Solutions offer lot size and the minimum order is 800 shares.
What is Wherrelz IT Solutions IPO GMP today?
Wherrelz IT Solutions IPO GMP today is NA per share.
What is Wherrelz IT Solutions kostak rate today?
Wherrelz IT Solutions IPO kostak rate today is NA per application.
What is Wherrelz IT Solutions Subject to Sauda rate rate today?
Wherrelz IT Solutions Subject to Sauda rate today is NA per application.
