What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Wherrelz IT Solutions Limited IPO?

Wherrelz IT Solutions Limited IPO has received a total subscription of 0.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Wherrelz IT Solutions Limited

ListedSME

Information Technology · BSE

Founded in 2014, Wherrelz IT Solutions, along with its subsidiary Infinitybeam IoT Labs Private Limited, specializes in web-centric, multi-spectrum IT product development, maintenance, and IT consultancy. The company offers a wide range of services, including Enterprise Risk Management (ERM), Enterprise Resource Planning (ERP), e-commerce solutions, API development, cybersecurity, Internet of Things (IoT), and cloud-based tools. These services are delivered through either a standard or customized software development model, based on client needs.

Price Band

₹171

Issue Size

₹2.01 Cr

Lot Size

800 shares

GMP

—

Est. Listing

₹171

at current GMP

Subscribed

—

Open

16 Dec 2021

21 Dec 2021

Allotment

24 Dec 2021

Refund

25 Dec 2021

Demat Credit

26 Dec 2021

Listing

29 Dec 2021

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

0.00x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 0.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	58,772	—	0.00x
Non-Institutional (NII / HNI)	17,632	—	0.00x
Retail Individual (RII)	41,140	—	0.00x
Total	117,544	0	0.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	51	51	1.00x
HNIs (10L +)	1	1	1.00x
HNIs (2-10L)	2	2	1.00x
Total Applications	54	54	1.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Wherrelz IT Solutions Limited Public Issue & Market Profile

Wherrelz IT Solutions Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹2.01 Crores. The shares are offered at a price band of ₹171 to ₹171 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2021-12-21, the basis of allotment is scheduled to be finalized on 2021-12-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Pvt Ltd) or the BSE allotment checking window.

Frequently Asked Questions

What is Wherrelz IT Solutions Limited IPO GMP today?

Currently, Wherrelz IT Solutions Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹171 to ₹171 per equity share.

What is the expected profit per lot for Wherrelz IT Solutions Limited IPO?

The retail lot size is 800 shares requiring a minimum application amount of ₹1,36,800. Expected listing price is ₹171 per equity share.

What is the issue size and price band for Wherrelz IT Solutions Limited IPO?

The Wherrelz IT Solutions Limited IPO aggregate issue size is ₹2.01 Crores with an equity price band set at ₹171 to ₹171 per equity share. The retail lot size is 800 shares requiring a minimum capital outlay of approx. ₹1,36,800.

How can I check Wherrelz IT Solutions Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Wherrelz IT Solutions Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Pvt Ltd) and the BSE status verification website on or around 2021-12-24. Investors can verify status using PAN card or application number.

When is the listing date for Wherrelz IT Solutions Limited IPO?

Wherrelz IT Solutions Limited shares are scheduled to list on BSE on 2021-12-29.