WeP Solutions Rights Issue

WeP Solutions Rights Issue Details

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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 OnMar 24, 2021
Bid/Offer Closes OnApr 19, 2021
Record DateMar 12, 2021
Deemed Date of AllotmentApr 27, 2021
Renunciation of Rights EntitlementsApr 12, 2021

WeP Solutions Rights Issue Detail

Issue OpenMar 24, 2021 – Apr 19, 2021
Security NameWeP 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 Lot1 per share
Listing AtBSE
Terms of PaymentRs. 10/- per Equity Share to be paid at the time of application.
Entitlement3 Rights Equity Share for every 8 Fully Paid-up equity shares held on the Record Date

Company Financials

ParticularsFor the year/period ended (Rs. in Lakhs)
Total Assets7,310.907,042.89
Total Income6,926.837,755.53
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
Phone: +91-44-28460390
Email: priya@cameoindia.com

Company Contact Information

WeP Solutions Limited
40/1-A, Basappa Complex
Lavelle Road,
Bengaluru – 560001
Phone: 9019915738
Email: compliance.officer@wepsol.in

Final Thoughts

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.

Happy investing

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