Wherrelz IT Solutions Ltd

About the Company:

Wherrelz IT Solutions Ltd is engaged in the business of web-centric, multi-spectrum IT Product development and maintenance and provision of IT Consultancy.

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 depending upon the requirement of the clients.

Company’s objective is to develop and maintain all in all software solutions to every enterprise in various sectors such as E-commerce, Education, Fintech, Healthcare, Social Networking, and other industries to enable ease of doing business. customer-centric solutions.


Management Team:

  1. Mr. Chaitanya Dhareshwar (Designation: Managing Director)
  2. Mrs. Sumanlata Dhareshwar (Designation: Executive Director)





Objectives of the Issue:

Fresh Issue: (Rs.2.01 cr)

  • Funding working capital requirements.
  • General corporate purposes.



Financials of the Company:

(in Crores) FY 19 FY 20 FY 21 30th June 2021
Revenue 0.20 0.22 0.20 0.07
Net Profit 0.012 0.031 0.014 (-0.15)



IPO Details:

Details Info
Issue Opens on 16th December 2021
Issue Closes on:. 21st December 2021
Issue Price Rs.171
Face Value Rs.10
Minimum Lot 800
Minimum Investment Rs.1,36,800
Issue Constitutes 30.18%
Issue Size Rs.2.01 cr
Market Cap Rs.6.6 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 1,17,600
Equity Shares Prior to the Issue 2,72,000
Equity Shares after the issue 3,89,600

Also Read : List of Upcoming IPO’s in India.

Important Dates:

Finalization of Basis of Allotment on or Before 24th December 2021
Initiation of Refunds on or Before 27th December 2021
Credit of Equity Shares: on or Before 28th December 2021
Listing Date: on or Before 29th December 2021



IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.80 11.90 20.59% 8.72



Check IPO Allotment Status:

Bigshare: http://www.bigshareonline.com/IPO/Allotment

BSE IPO Website: https://www.bseindia.com/IPO/Allotment


Company Contact Info:
Wherrelz IT Solutions Ltd
Plot No. 15, Road 10, Sec -1,
New Panvel East, Navi Mumbai,
Raigarh – 410 206, Maharashtra, India
Tel No: +919811221082
Email: official@wherrelz.com
Website: www.wherrelz.in


IPO Registrar Info:
1st Floor, Bharat Tin Works Building, Club House Road,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai 400059
Tel No.: 022 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
B 7, 3rd Floor, Jay Chambers,
Dayaldas Road, Vile Parle (East),
Mumbai – 400057, Maharashtra, India
Tel No: +91 81049 85249
E-mail: mb@fedsec.in
Website: www.fedsec.in