WeP Solutions Limited Right Issue

₹9.87 Cr BSE 24 Mar 2021 – 19 Apr 2021

Closed BSE
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Issue Price
₹10.00
Face Value
₹10.00
Issue Size (Shares)
9,868,640
Issue Size (₹ Cr.)
₹9.87
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Mar 12, 2021
Credit of Rights EntitlementsMon, Mar 22, 2021
Bid/Offer Opens OnWed, Mar 24, 2021
Issue Open DateWed, Mar 24, 2021
Renunciation Last DateMon, Apr 12, 2021
Bid/Offer Closes OnMon, Apr 19, 2021
Issue Close DateMon, Apr 19, 2021
Deemed Date of AllotmentTue, Apr 27, 2021
Credit DateThu, Apr 29, 2021
Listing DateThu, Apr 29, 2021
📋 Right Issue Details
Issue Size (Shares)9,868,640
Issue Size (Amount)₹9.87 Cr.
Issue Price₹10.00 per share
Face Value₹10.00 per share
Entitlement Ratio
Listing AtBSE
Terms of Payment₹10 per share payable in full at the time of application
📊 Company Financials (Restated)
Period Ended2020-03-312019-03-31FY I
Income6,926.837,755.53
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Reduction of the consolidated borrowings
2Meet the additional working capital requirements,
3Meet expenses for the Issue, and
4General corporate purposes.
🏢 About the Company
WeP Solutions Ltd started as a public limited company in March 1995 under the name of Datanet Corporation Ltd. It was later renamed as WeP Solutions Ltd. The company came out with a successful IPO in the year 2000. The shares of the company are listed with Bombay Stock Exchange Limited, Mumbai. During the year 2010-11, acquired the Managed Print Services (MPS) division of M/s WeP Solutions India Limited.

WeP Solutions Limited is in the following lines of business: a) Managed Printing Services b) Digital Services c) Retail Printing Services

MPS being the next level opportunity of the printing and imaging industry culminates the printing/ copying /scanning requirements of organizations.

Some of the major sectors understanding the benefits of MPS are Education, BFSI, Manufacturing Health care, and IT.

With Managed Printing Solutions, WeP solutions helps the organizations in: • Reducing cost associated with printing and copying • Reducing staff time related to managing and supporting imaging devices • Improving the level of support to end-users • Focusing on other business priorities • Contributing to environmental objectives

The Companys registered and corporate office is in Bengaluru, Karnataka. They have a factory in Baddi, Himachal Pradesh, and a warehousing and small component manufacturing facility at Mysore, Karnataka. For sales and marketing, and support services, the company has branches/offices at 11 locations across India.
📞 Company Contact
CompanyWeP Solutions Limited
Address40/1-A,Basappa Complex
Lavelle Road,
Bengaluru – 560001
Bengaluru, Karnataka, 560001
Phone9019915738
Emailcompliance.officer@wepsol.in
WebsiteVisit ↗
📝 Registrar
NameCameo Corporate Services Ltd.
Phone044-28460390
Emailpriya@cameoindia.com
WebsiteVisit ↗