Wherrelz IT Solutions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 55,200 (47%) | — | ₹94 Cr |
| Retail | — | 55,200 (47%) | — | ₹94 Cr |
| Market Maker | — | 7,200 (6%) | — | ₹1 Cr |
| Σ Total | — | 117,600 (100%) | — | ₹2,011 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 13 | 10,400 | ₹1,778,400 |
| S-HNI (Min) | 14 | 11,200 | ₹1,915,200 |
| B-HNI (Min) | 67 | 53,600 | ₹9,165,600 |
Financial Statements Amount in Lakhs
| Metric | 30-Jun-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 7 | 20 | 22 |
| Profit After Tax | -15 | 1 | 3 |
| Total Assets | 19 | 9 | 8 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding working capital requirements – 1.14
- 2 General Corporate Purpose – 0.45
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.
Competitive Strengths:
- Experienced senior management.
- Scalable Business Model
- Broad software engineering capabilities