Products
Platform
Research
Market
Learn
Partner
Support
IPO

W

-- / --

RHP/DRHP

Issue Date

--

Price Range

--

Lot Size

--

IPO Size

N/A

Schedule of Webtel Electrosoft IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

The IPO of Webtel Electrosoft Ltd comprises a fresh issue of 46,16,400 equity shares of face value of ₹10 each. It has no offer for sale and is a 100% book building issue.

  • To meet out the expenses for development of the product
  • To meet out the expenses for branding and marketing
  • To meet out the expenses for investment in data centers
  • To meet out the expenses for general corporate purposes

The Indian IT industry is experiencing a period of significant growth, driven by a confluence of factors. According to estimates, the industry is expected to grow at a CAGR of 7.2% to reach USD 323 billion by 2027.

The global shift towards digitalisation has increased the demand for IT services across industries. Indian IT firms, with their expertise in software development, cloud solutions, and system integration are well-positioned to capitalise on this trend.

Webtel Electrosoft Ltd offers a comprehensive range of services which includes software designed to simplify business operations and ease out compliances for professionals and businesses. It provides a comprehensive range of compliance solutions and services, including direct tax solutions for TDS and income tax return filing, and indirect tax solutions such as GST return filing, reconciliation, e-invoicing, and e-way bill services as a GSP with GST Network.

The company has a diversified portfolio of solutions and services which broadens its horizon from compliance solutions to ERP Integrated Compliance Solutions as per need of the diversified clients in Indian and overseas markets.

  • Inadequate Compliance Support Quality

The company’s compliance support department plays a crucial role in ensuring that clients using its products get resolution of all issues in a timely and effective manner. High-quality compliance support enhances customer trust, ensures smooth implementation and minimises risks associated with non-compliance. Failing to deliver customer support that meets or surpasses client expectations may lead to a decline in its client base and market share.

  • Product Reliability and Market Acceptance Risk

The company’s products and services may include undiscovered errors, especially during initial launches or upon the release of new versions. Although it regularly pushes updates to its products and various components of its platform and conducts thorough testing, some errors may remain undetected until after the products and services are commercially available or utilised. Unidentified errors or failures in its products and services can have serious consequences for its business.

  • Technological Obsolescence and Regulatory Non-Compliance

The company operates in the information technology industry. It facilitates compliance solutions. If it doesn’t effectively create, launch, or incorporate new products as per new technology or improvements to its service platforms or timely upgrade its products due to the amendments in the laws and regulations, it may disrupt its business operations.

Loading chart...

Anchor Investor Bidding Date TBA

IPO Registrar and Book Running Lead Manager

  • IPO Registrar: Skyline Financial Services Pvt Ltd
  • Book Running Lead Manager: Narnolia Financial Services Ltd

Webtel Electrosoft Ltd offers a comprehensive range of services which includes software designed to simplify business operations and ease out compliances for professionals and businesses. It also offers e-invoicing solutions in the Kingdom of Saudi Arabia (KSA) and Mauritius and also provides XBRL software which enables filing of annual reports in XBRL format as mandated by the Ministry of Corporate Affairs for companies having turnover of ₹100 Crores or paid up of ₹ 5 crores.

Additionally, the firm offers website design and email hosting services to over 6359 professionals and businesses, along with payroll and HRMS solutions. As an SAP partner, it provides SAP services and ERPs integrated solutions for GST, e-way bills, and e-invoices. In addition to its software solutions, it also offers managed services for Payroll, XBRL Cost XBRL and GST enabling companies to manage financial report filings and payroll functions and ensuring compliance with regulatory requirements without needing in-house expertise.

Revenue from operations of Webtel Electrosoft Ltd grew from ₹25.7760 crores in FY 22 to ₹38.6212 crores in FY 24. Its EBITDA margin jumped from 8.15% in FY 22 to 14.27% in FY 24 and PAT grew from ₹1.5545 crores in FY 22 to ₹4.9914 crores in FY 24. It has expanded its geography in the Kingdom of Saudi Arabia making a move towards e invoicing in 2021. Diverse product portfolio coupled with customer retention and user-friendly user interface has aided to the company’s growth over the years.

Webtel Electrosoft Ltd has established a strong presence across 9 major cities in India, including New Delhi, Punjab, Ahmedabad, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, and Kolkata. In addition to its domestic reach, it’s expanding globally with operations in the Middle East (KSA - Kingdom of Saudi Arabia) Mauritius and Malaysia. This widespread presence reflects its growing influence and commitment to serving both the Indian and international markets.

1. Visit the Registrar’s Website

  • Visit the official website of Skyline Financial Services Pvt Ltd
  • Choose ‘Public Issue’ from ‘Investors’
  • Select Company Name from the Dropdown
  • Enter Your DP ID or Application Number or PAN number
  • Click on ‘Search’ to know the allotment status

2. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Webtel Electrosoft Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'. On the NSE IPO Bid Verification page, enter:

  • Company name from dropdown
  • Application number
  • PAN

Then click 'Submit' to know the allotment status.

  • Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Specify IPO details - Enter the number of lots and the price you wish to apply for.
  • Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  • Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
Apply for Webtel Electrosoft IPO