Wherrelz IT Solutions Ltd - IPO

Wherrelz IT Solutions Ltd IPO Details

Public issue of upto 1,17,600 equity shares of face value of Rs. 10/- each (Equity Shares) of Wherrelz IT Solutions Limited (WITS or The Ccompany or The Issuer) for cash at a price of Rs. 171/- per equity share including a share premium of Rs. 161/- per equity share (The Issue Price), aggregating to Rs. 2.01 crores (The Issue), of which of 7200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 171 per equity share including a share premium of Rs. 161 per equity share aggregating to Rs. 0.12 crores will be reserved for subscription by market maker to the issue (The Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net issue of upto 1,10,400 equity shares of face value of Rs. 10/- each at a cash price of Rs. 171 per equity share including a share premium of Rs. 161 per equity share aggregating to Rs. 1.89 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 30.18% and 28.34%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price Rs. 17.10 times of the face value.Minimum application size of 800 equity shares and in multiples of 800 equity shares thereafter.

Objective of issue

Funding Working Capital Requirements. General Carporate Purpose.

Wherrelz IT Solutions Ltd Contact Details

Wherrelz IT Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - official@wherrelz.com

Website - www.wherrelz.in