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
- Experienced senior management.
- Scalable Business Model
- Broad software engineering capabilities
Company Promoters
Mr. Chaitanya Dhareshwar and Mrs. Sumanlata Dhareshwar are the company promoters
Company Financials
| 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 |
Objects Of The Issue
The company intends to utilize the net proceeds for the following objects:
- Working Capital Requirements
- General Corporate Purpose
Wherrelz IT Solutions IPO Details
| IPO Opening Date | Dec 16, 2021 |
| IPO Closing Date | Dec 21, 2021 |
| 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 Eq Shares of ₹10 (aggregating up to ₹2.01 Cr) |
| Fresh Issue | 117,600 Eq Shares of ₹10 (aggregating up to ₹2.01 Cr) |
Wherrelz IT Solutions IPO Tentative Timetable
| IPO Open Date | Dec 16, 2021 |
| IPO Close Date | Dec 21, 2021 |
| Basis of Allotment Date | Dec 24, 2021 |
| Initiation of Refunds | Dec 27, 2021 |
| Credit of Shares to Demat Account | Dec 28, 2021 |
| IPO Listing Date | Dec 29, 2021 |
Wherrelz IT Solutions IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136,800 |
| Maximum | 1 | 800 | ₹136,800 |
Wherrelz IT Solutions IPO Promoter Holding
| Pre Issue Share Holding | 29.41% |
| Post Issue Share Holding | 20.53% |
Wherrelz IT Solutions IPO Prospectus
Company Contact Information
| 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/ |
Wherrelz IT Solutions IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Wherrelz IT Solutions IPO FAQs
| When Wherrelz IT Solutions IPO will open? The Wherrelz IT Solutions IPO dates are 16 Dec 2021 To 21 Dec 2021. |
| What is the lot size of Wherrelz IT Solutions IPO? Wherrelz IT Solutions IPO lot size and the minimum order quantity is 800 Shares. |
| How to apply for Wherrelz IT Solutions IPO? 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. |
| When is Wherrelz IT Solutions IPO listing date? The Wherrelz IT Solutions IPO listing date is not announced. The date of Wherrelz IT Solutions IPO listing is [29 December 2021]. |
