WeP Solutions Rights Issue will be open for subscription from 24 March 2021 to 19 April 2021. the company aims for an issue size of ₹9.87 Crores through this rights issue.
WeP Solutions Limited
incorporated in March 1995, WeP Solutions Ltd started as a public limited company under the name of Datanet Corporation Ltd. It was later renamed 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. the company 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. 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.
Objectives of the Issue
- Reduction of the consolidated borrowings.
- Meet expenses for the Issue.
- Meet the additional working capital requirements.
- General corporate purposes.
WeP Solutions Rights Issue Issue Timetable
|Bid/Offer Opens On||Mar 24, 2021|
|Bid/Offer Closes On||Apr 19, 2021|
|Record Date||Mar 12, 2021|
|Deemed Date of Allotment||Apr 27, 2021|
|Renunciation of Rights Entitlements||Apr 12, 2021|
WeP Solutions Rights Issue Detail
|Issue Open||Mar 24, 2021 – Apr 19, 2021|
|Security Name||WeP Solutions Limited|
|Issue Size (Shares)||0.99 Crores|
|Issue Size (Amount)||₹9.87 Crores|
|Issue Price||₹10 per share|
|Face Value||₹10 per share|
|Market Lot||1 per share|
|Terms of Payment||Rs. 10/- per Equity Share to be paid at the time of application.|
|Entitlement||3 Rights Equity Share for every 8 Fully Paid-up equity shares held on the Record Date|
|Particulars||For the year/period ended (Rs. in Lakhs)|
|Profit After Tax||(212.08)||(313.77)|
WeP Solutions Rights Issue Registrar
Cameo Corporate Services Limited
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India
Company Contact Information
WeP Solutions Limited
40/1-A, Basappa Complex
Bengaluru – 560001
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.