Wherrelz IT Solutions Limited IPO (Wherrelz IT Solutions IPO)

Wherrelz IT Solutions IPO 2021
Upcoming Wherrelz IT Solutions IPO | New Wherrelz IT Solutions IPO

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. 

Wherrelz IT Solutions IPO

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

ParticularsFor the year/period ended (₹ in Lakhs)
30-Jun-2131-Mar-2131-Mar-2031-Mar-19
Total Assets18.659.018.127.81
Total Revenue7.4320.4722.1220.13
Profit After Tax– 15.381.443.161.24

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
Object Of The Issue

Wherrelz IT Solutions IPO Details

IPO Opening DateDec 16, 2021
IPO Closing DateDec 21, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹171 per equity share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtBSE SME
Issue Size117,600 Eq Shares of ₹10
(aggregating up to ₹2.01 Cr)
Fresh Issue117,600 Eq Shares of ₹10
(aggregating up to ₹2.01 Cr)

Wherrelz IT Solutions IPO Tentative Timetable

IPO Open DateDec 16, 2021
IPO Close DateDec 21, 2021
Basis of Allotment DateDec 24, 2021
Initiation of RefundsDec 27, 2021
Credit of Shares to Demat AccountDec 28, 2021
IPO Listing DateDec 29, 2021

Wherrelz IT Solutions IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹136,800
Maximum1800₹136,800

Wherrelz IT Solutions IPO Promoter Holding

Pre Issue Share Holding29.41%
Post Issue Share Holding20.53%

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
Websitehttps://wherrelz.in/

Wherrelz IT Solutions IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://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].