Wherrelz IT Solutions Ltd. has announced public offering of 117600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 161.00 per share. The gross proceeds of the issue are expected to be Rs 201.10 lakhs.

The company's initial public offer (IPO) will open on 16 December 2021 and is expected to close on 21 December 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 117600 Equity Shares of the Company at an price of Rs 171.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Wherrelz IT Solutions Ltd. anticipates using the proceeds of the issue for

Funding working capital requirements

General corporate purposes.

Fedex Securities Private Limited as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.