Issue Price
₹171
Per Share
GMP
NIL
Grey Market
Est. Listing
₹171
Expected Price
Min. Application
₹273,600
2 lots × 800 shares
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 ModelBroad software engineering capabilities
Wherrelz IT Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 7,200 | — | ₹0.12 Cr | — |
| TOTAL | 117,600 | 100.00% | ₹2.01 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,800 |
| Retail (Max) | 13 | 10,400 | ₹1,778,400 |
| sNII (Min) | 14 | 11,200 | ₹1,915,200 |
| bNII (Min) | 68 | 54,400 | ₹9,302,400 |
| Particulars | 30-Jun-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue from Operations | 7.43 | 20.47 | 22.12 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | -15.38 | 1.44 | 3.16 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 18.65 | 9.01 | 8.12 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |