Wherrelz IT Solutions IPO is all set to make its debut on 16th Dec 21 with 2.01 Cr is engaged in the business of web-centric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy.
Wherrelz IT Solutions IPO – overview
| IPO Dates | 16-21 Dec 2021 |
| IPO Price | INR 171 per share |
| Fresh issue | 117,600 shares (INR 2.01 crore) |
| Offer For Sale | Nil |
| Total IPO size | 117,600 shares (INR 2.01 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Wherrelz IT Solutions IPO – Tentative Dates
| IPO Offer Opening Date | 16 Dec 2021 |
| IPO Closing Date | 21 Dec 2021 |
| Finalization of Basis of Allotment | 24 Dec 2021 |
| Initiation of refunds | 27 Dec 2021 |
| Transfer of shares to demat accounts | 28 Dec 2021 |
| IPO Listing Date | 29 Dec 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Industry Overview
The global sourcing market in India continues to grow at a higher pace compared to the IT-BPM industry. India is the leading sourcing destination across the world, accounting for approximately 55% market share of the US$ 200-250 billion global services sourcing business in 2019-20. The IT industry accounted for 8% of India’s GDP in 2020. Exports from the Indian IT industry are expected to increase by 1.9% to reach US$ 150 billion in FY21. In 2020, the IT industry recorded 138,000 new hires.
Competitive Strengths:
- Experienced senior management.
- Scalable Business Model
- Broad software engineering capabilities
Objectives of the issue
- Working Capital Requirements
- General Corporate Purpose.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 9.01 | 8.12 | 7.81 |
| Total Revenue | 20.47 | 22.12 | 20.13 |
| Profit After Tax | 1.44 | 3.16 | 1.24 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
