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Wherrelz IT Solutions Limited IPO

Wherrelz IT Solutions Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Lot Size:
Subscription:
Listed Price: ₹ 173.05 (+1.20%)

Wherrelz IT Solutions Limited's successfully completed its Initial Public Offering and commenced trading on 29-12-2021 at the BSE exchange. The company raised 1,17,600 Shares through this public offering, comprising 1,17,600 Shares in fresh capital.

The IPO was priced within the band of ₹171 to ₹171, with minimum application lots of 800 shares. The offering attracted significant investor interest during its subscription period from 16-12-2021 to 21-12-2021.

Share allotment was finalized on 24-12-2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Wherrelz IT IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Wherrelz IT IPO Key Performance Indicator
Company Financials ( in Lakhs )

Wherrelz IT IPO About Company

Founded in 2014, Wherrelz IT Solutions, along with its subsidiary Infinitybeam IoT Labs Private Limited, specializes in web-centric, multi-spectrum IT product development, maintenance, and IT consultancy. The company offers a wide range of services, including Enterprise Risk Management (ERM), Enterprise Resource Planning (ERP), e-commerce solutions, API development, cybersecurity, Internet of Things (IoT), and cloud-based tools. These services are delivered through either a standard or customized software development model, based on client needs.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Wherrelz IT IPO Strength Factors

  1. Experienced Leadership: Guided by a seasoned senior management team.
  2. Scalable Model: Business model designed to grow efficiently with demand.
  3. Broad Engineering Skills: Strong software engineering capabilities across technologies.

Wherrelz IT IPO Risk Factors

NA


Wherrelz IT IPO Lead Manager(s)

  • Fedex Securities Private Limited

Wherrelz IT IPO Promoter(s)

  1. Mr. Chaitanya Dhareshwar
  2. Mrs. Sumanlata Dhareshwar

Wherrelz IT IPO Company Details

Wherrelz IT Solutions Limited
Phone:
address:

Wherrelz IT IPO Registrar

Bigshare Services Pvt Ltd
Name:
Phone:

Wherrelz IT IPO FAQs