| Issue Dates | 24 Mar 2021 - 19 Apr 2021 |
| Issue Price | 10 |
| Issue Size | Rs. 9.87 Cr. |
| 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 |
WeP was established in the year 1988 as a part of Wipro’s domestic IT business.
In September 2000, Wipro spun off its IT Peripherals business into a separate independent company Wipro e-Peripherals Limited, which was later renamed as WeP Peripherals Limited. It is one of the largest employee owned companies in India. After a series of acquisitions, business diversifications and corporate restructuring exercises, all business lines at WeP are now operating under WeP Solutions Limited, a public limited company listed at Bombay Stock Exchange. WeP Solutions is an integrated Products, Services and Solutions Company
Starting primarily with Dot Matrix Printers, WeP is now diversified into emerging and growing segments like Managed Printing Services, Retail Printing Solutions, Digital Services and Solutions. It remains a preferred brand for the impact printers among various industry verticals while having diversified into other allied products and solutions.
WeP has two state of art manufacturing facilities at Mysore (Karnataka) and Baddi (Himachal Pradesh). To enable superior product development, WeP has a dedicated Research & Development group with in-depth domain expertise and specialization in cross-functional project management process. Research and Development is inspired by trends and the consumers’ desires. Consumers can look forward to MORE “WoW” & tech fantasy products.
WeP is a pioneer in providing Managed Printing Services (MPS) to India corporates. MPS as a concept was introduced in India by WeP and today it is a LEADER in the Indian MPS market. It has more than 500 happy top corporates being serviced in more than 2000 locations spread across India.
Continuing its focus on diversification and identification of new potential areas, WeP has started investing and focussing on developing and providing Digital Services. In this journey WeP has already got empanelment as an Aadhar Authentication Agency from UIDAI and as a GST Suvidha provider (GSP) from GSTN. It has already developed Document Management Solution etc which will enable corporates to digitise their documents and thereby enhance productivity. WeP is among a select few corporates that have got these portfolios as an integrated solution
WeP has direct sales and support offices in 14 Cities in India, and all WeP Products are sold through 200+ channel partners present across India. With an employee strength of over 400, it is a young and aspiring company well placed on a growth path.
| Particulars | 31-Mar-20 | 31-Mar-19 |
|---|---|---|
| Total Assets (In ₹ Millions) | 7,310.90 | 7,042.89 |
| Total Revenue (In ₹ Millions) | 6,926.83 | 7,755.53 |
| Profit After Tax (PAT) (In ₹ Millions) | -212.08 | -313.77 |
The WeP Solutions Limited Rights Issue will open on 24 Mar 2021 and closes on 19 Apr 2021.
The Issue price of WeP Solutions Limited Rights Issue is Rs.10.
The Issue size of WeP Solutions Limited Rights Issue is Rs. 9.87 Cr.