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Wherrelz IT Solutions IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Information Technology - SaaS sector. Fedex Securities is the merchant banker of Wherrelz IT Solutions IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th September 2021.
Wherrelz IT Solutions IPO open date is 16th December 2021 and close date is 21st December 2021. IPO Allotment Date is 24th December 2021 and Listing date is 29th December 2021.
IPO
Size:
₹ 2.01 Cr.
Avg IPO Size (Sector Based)
: ₹
17.11 cr.
Sector: Information Technology - SaaS
SME
IPO so far:
12
Merchant Banker:
Fedex Securities
SME
IPO by BRLM so far:
44
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹
0.28
cr. 
PE
Ratio:
0.00x
Average Sector PE Ratio: 13.06x
Wherrelz IT Solutions IPO size is ₹ 2.01 Cr. with IPO price of ₹ 171.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Fedex Securities Private Limited is the book-running lead manager of the Wherrelz IT Solutions IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Gretex Share Broking Private Limited for Wherrelz IT Solutions IPO.
Wherrelz IT Solutions IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Wherrelz IT Solutions IPO, based in Mumbai, operates in the Information Technology - SaaS sector with a focus on IT product dev and maintenance and ERP. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Wherrelz IT Solutions IPO size is ₹ 2.01 Cr. with fresh issue size of ₹ 2.01 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Wherrelz IT Solutions IPO is expected to be 24th December 2021, after the finalization of basis of allotment. Investors can check Wherrelz IT Solutions IPO allotment status on the registrars website, Bigshare Services Private Limited. Wherrelz IT Solutions IPO refund dates are 27th December 2021.
Wherrelz IT Solutions IPO is expected to be listed on 29th December 2021.
The upper price band for the Wherrelz IT Solutions IPO is set at ₹ 171.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Wherrelz IT Solutions IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Wherrelz IT Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st December 2021. After submission, funds are blocked until the basis of allotment of Wherrelz IT Solutions IPO is finalised.
The merchant banker for Wherrelz IT Solutions IPO is Fedex Securities Private Limited . Fedex Securities Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Wherrelz IT Solutions IPO RHP for further details.
The registrar for Wherrelz IT Solutions IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Wherrelz IT Solutions IPO through their official website or helpline.
Wherrelz IT Solutions IPO was subscribed 2.25 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 2.01 Cr.
Avg IPO Size (Sector Based)
:
₹ 17.11 Cr.
Sector: Information Technology - SaaS
SME
IPO so far:
12
Merchant Banker:
Fedex Securities
SME
IPO by BRLM so far:
44
City:
Mumbai
SME
IPO so far:
280
Revenue (annualised):
₹ 0.28 cr.
PE
Ratio:
0.00x
Average Sector PE Ratio: 13.06x
Wherrelz IT Solutions IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Wherrelz IT Solutions Financial Review Page
Merchant Banker(s) of Wherrelz IT Solutions IPO: Fedex Securities Private Limited
Wherrelz IT Solutions IPO subscription was 2.25 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Wherrelz IT Solutions IPO listed at a listing price of 177.20 against the offer price of 171.00.
The current market price of Wherrelz IT Solutions is 237.50.
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