Wherrelz IT Solutions Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

16 Dec 2021

Close Date

21 Dec 2021

Allotment

24 Dec 2021

Listing Date

29 Dec 2021

Exchange

BSE SME

Price Band

₹171

Listing Price

See chart

Allotment Status

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Price Band

₹171

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

1,17,600 shares (aggregating up to ₹2.01 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹136,800

1 lot

Pre-IPO Holding

2,72,000 shares

Promoters

Post-IPO Holding

3,89,600 shares

Promoters

UPI Deadline

2021-12-21

Mandate

Anchor AllotmentWed, 15 Dec 2021

Basis of AllotmentFri, 24 Dec 2021

Refund InitiationMon, 27 Dec 2021

Demat CreditTue, 28 Dec 2021

Listing DayWed, 29 Dec 2021

UPI Mandate Deadline2021-12-21

Sale TypeFresh Capital

Net Offer to Public1,10,400 shares (aggregating up to ₹1.89 Cr)

Market Maker Quota7,200 shares (aggregating up to ₹0.1231 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Wherrelz IT Solutions Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Dec 2021.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	7,200	—	₹0.12
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	117,600	100%	₹2.01

IPO Shares Offered

Wherrelz IT Solutions Ltd. IPO total issue size: ₹2.01 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	7,200	₹0.12	6.12%
Total	117,600	₹2.01	100.00%

* Based on upper price band ₹171 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹171.00

Upper Band

Min Investment

₹136,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹273,600
Retail (Max — 13 Lots)	13	10,400	₹1,778,400
S-HNI (Min — 14 Lots)	14	11,200	₹1,915,200
B-HNI (Min — 68 Lots)	68	54,400	₹9,302,400

* Issue Price ₹171 × Lot Size 800 shares

IPO Schedule

Anchor

15 Dec 2021

✓ Done

IPO Open

16 Dec 2021

✓ Done

IPO Close

21 Dec 2021

✓ Done

Allotment

24 Dec 2021

✓ Done

Refunds

27 Dec 2021

✓ Done

Demat Credit

28 Dec 2021

✓ Done

Listing Day

29 Dec 2021

✓ Done

₹171.00

INR · BSE

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Issue ₹171.00 Live Price

About Wherrelz IT Solutions Ltd.

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

Objects of the Issue

1 Funding working capital requirements

2 General Corporate Purpose

Wherrelz IT Solutions Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹22.1

31-Mar-20

₹20.5

31-Mar-21

₹7.4

30-Jun-21

Profit After Tax (PAT)

₹3.2

31-Mar-20

₹1.4

31-Mar-21

-₹15.4

30-Jun-21

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
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered1,17,600 (100.00%)

Net Offer to Public1,10,400 shares (aggregating up to ₹1.89 Cr)

Reserved for Market Maker7,200 shares (aggregating up to ₹0.1231 Cr)

Pre-Issue Promoter Holding2,72,000 shares

Post-Issue Promoter Holding3,89,600 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Fedex Securities Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Wherrelz IT Solutions Ltd. IPO subscribed? ▲

Wherrelz IT Solutions Ltd. IPO is subscribed 1.00 times by Dec 21, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Wherrelz IT Solutions Ltd. IPO retail subscription status? ▼

The Wherrelz IT Solutions Ltd. IPO retail category is subscribed 1.00 times as of 21 Dec 2021. The retail portion is oversubscribed.

How to subscribe Wherrelz IT Solutions Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 Dec 2021 and closes 21 Dec 2021. Min investment: ₹136,800 (1 lot = 800 shares). UPI mandate: 2021-12-21.

How many times Wherrelz IT Solutions Ltd. IPO subscribed? ▼

The Wherrelz IT Solutions Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Wherrelz IT Solutions Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Dec 2021. Refunds: on 27 Dec 2021.

When Wherrelz IT Solutions Ltd. IPO will be listed? ▼

The Wherrelz IT Solutions Ltd. IPO listing date is 29 Dec 2021, Wednesday. Listed on: BSE SME. Issue price: ₹171. Estimated listing: ₹171. GMP: NIL.

When Wherrelz IT Solutions Ltd. IPO close? ▼

The Wherrelz IT Solutions Ltd. IPO closes on 21 Dec 2021, Tuesday. UPI mandate: 2021-12-21. Allotment: 24 Dec 2021. Listing: 29 Dec 2021.

Quick Actions

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Live Price LIVE

Last Price₹171.00

Change—

Issue Price₹171.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹171

Face Value₹10

Lot Size800 Sh

Min. Amount₹136,800

GMPNIL

Est. Listing₹171

Subscribed1.00x

Open Date16 Dec 2021

Close Date21 Dec 2021

Allotment24 Dec 2021

Listing Date29 Dec 2021

ExchangeBSE SME

UPI Deadline2021-12-21