Wherrelz IT Solutions Limited was established in 2014 by Mr. Chaitanya Dhareshwar and Mrs. Sumanlata Dhareshwar. The company operates in the information technology sector and provides software development, maintenance and IT consultancy services.
About Wherrelz IT Solutions
Wherrelz IT Solutions and its subsidiary, Infinitybeam IoT Labs Private Limited, focus on web-centric and multi-spectrum IT product development and maintenance. The company also provides IT consultancy services to its clients.
Its service portfolio covers Enterprise Risk Management (ERM), Enterprise Resource Planning (ERP), E-Commerce, Application Programming Interfaces (API), Cyber Security, Internet of Things (IoT) and cloud-based tools.
Depending on client requirements, Wherrelz IT Solutions follows either a standard software development model or a customised software development model. This approach allows the company to deliver technology solutions for different business requirements.
Wherrelz IT Solutions IPO Details
| IPO Details | Information |
|---|---|
| IPO Opening Date | 16 Dec 2021 |
| IPO Closing Date | 21 Dec 2021 |
| IPO Price | ₹171 Per Share |
| Fresh Issue | ₹2.01 Crore |
| Offer for Sale | NIL |
| Total Issue Size | ₹2.01 Crore |
| Minimum Bid | 800 Shares |
| Face Value | ₹10 Per Share |
| Listing Exchange | BSE SME |
Wherrelz IT Solutions IPO Market Lot
The Wherrelz IT Solutions IPO required investors to apply for a minimum of 800 shares. At the issue price of ₹171 per share, one lot required an investment of ₹1,36,800.
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 800 Shares | ₹1,36,800 |
| Maximum | 1 | 800 Shares | ₹1,36,800 |
Wherrelz IT Solutions Financial Performance
The supplied financial information covers the period ended 30 June 2021. The company reported revenue of ₹7.43 million and a loss after tax of ₹15.38 million during the reported period.
| Financial Particular | 30-Jun-2021 |
|---|---|
| Total Assets | ₹18.65 Million |
| Total Revenue | ₹7.43 Million |
| Profit After Tax | (₹15.38 Million) |
| EPS | Not available in supplied data |
Wherrelz IT Solutions IPO Allotment Date & Details
The Wherrelz IT Solutions IPO allotment was scheduled for 24 December 2021. Successful applicants received their shares in demat accounts before the scheduled listing date.
| IPO Event | Date |
|---|---|
| Allotment Date | 24 Dec 2021 |
| Refund Initiation | 27 Dec 2021 |
| Shares Credited to Demat | 28 Dec 2021 |
| Listing Date | 29 Dec 2021 |
| Check Allotment Status | Check on Bigshare |
Wherrelz IT Solutions IPO Review
Wherrelz IT Solutions entered the SME market with a fresh issue of ₹2.01 crore. The company provides software development and IT consultancy services across areas such as ERP, cybersecurity, IoT, e-commerce and cloud-based applications.
The supplied financial figures show a loss after tax of ₹15.38 million for the reported period ended 30 June 2021. Investors reviewing this historical IPO should consider the company’s financial performance, technology-sector competition, business scalability and SME-market risks.
This page provides historical IPO information and does not constitute investment advice.
Wherrelz IT Solutions IPO Subscription Status
The Wherrelz IT Solutions IPO opened for subscription on 16 December 2021 and closed on 21 December 2021.
Historical day-by-day subscription information is available on the dedicated IPOWala page.
Check Wherrelz IT Solutions IPO Subscription Status
Wherrelz IT Solutions IPO GMP
Any GMP figures associated with Wherrelz IT Solutions IPO are historical grey market information because the IPO was listed in December 2021. Grey market premiums are unofficial and should not be considered a guarantee of listing gains.
Check Wherrelz IT Solutions IPO GMP Details
Registrar of Wherrelz IT Solutions IPO
Bigshare Services Pvt Ltd was the registrar for the Wherrelz IT Solutions IPO.
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (E), Mumbai – 400059
Website: http://www.bigshareonline.com
Email: investor@bigshareonline.com
Phone: +91-22-6263 8200
Fax: +91-22-6263 8299
Wherrelz IT Solutions Contact Details
Wherrelz IT Solutions Limited
Plot No. 15, Road 10, Sec – 1,
New Panvel East,
Navi Mumbai, Raigarh – 410206
Phone: +91 9811221082
Email: official@wherrelz.com
Website: wherrelz.in
Wherrelz IT Solutions IPO Lead Manager
Fedex Securities Limited was the lead manager for the Wherrelz IT Solutions IPO.
How to Check Wherrelz IT Solutions IPO Allotment?
Investors could check the Wherrelz IT Solutions IPO allotment status through Bigshare, the IPO registrar.
Check Wherrelz IT Solutions IPO Allotment Status
How to Check Wherrelz IT Solutions IPO Subscription Status?
The historical subscription status can be checked through the dedicated IPOWala subscription page.
Check Wherrelz IT Solutions IPO Subscription Status
How to Apply for Wherrelz IT Solutions IPO Through Zerodha?
During the IPO period, investors using Zerodha could apply through the IPO section of the platform.
- Log in to your Zerodha account.
- Open the IPO section.
- Select Wherrelz IT Solutions IPO.
- Enter your UPI ID, quantity and bid price.
- Submit the IPO application.
- Approve the UPI mandate through your UPI application.
Wherrelz IT Solutions IPO FAQ
When was Wherrelz IT Solutions IPO listed?
Wherrelz IT Solutions IPO was listed on 29 December 2021 on the BSE SME platform.
When was Wherrelz IT Solutions IPO allotment?
The Wherrelz IT Solutions IPO allotment date was 24 December 2021.
What was the price of Wherrelz IT Solutions IPO?
The IPO price was ₹171 per share.
What was the lot size of Wherrelz IT Solutions IPO?
The IPO lot size was 800 shares.
What was the minimum investment in Wherrelz IT Solutions IPO?
One lot required an investment of ₹1,36,800 at the issue price.
What was the issue size of Wherrelz IT Solutions IPO?
The total issue size was ₹2.01 crore. The entire issue consisted of a fresh issue, with no offer for sale.
What was the Wherrelz IT Solutions IPO GMP?
GMP information for this IPO is historical because Wherrelz IT Solutions was listed in 2021. Grey market premiums are unofficial and may differ from the actual listing performance.
Who was the registrar of Wherrelz IT Solutions IPO?
Bigshare Services Pvt Ltd was the registrar of the Wherrelz IT Solutions IPO.
Who was the lead manager of Wherrelz IT Solutions IPO?
Fedex Securities Limited was the lead manager of the IPO.
Where was Wherrelz IT Solutions IPO listed?
Wherrelz IT Solutions IPO was listed on the BSE SME platform.
