Netweb Technologies India Limited is launching its Initial Public Offering (IPO) on 17th July and the issue will be open for 3 days for subscription till 19th July. The net IPO size is 1,26,00,000 Shares worth approximately Rs 630 Crore with the share price band set at Rs 475-500/-. The minimum lot size for retail investors has been set at 30 shares and the same for small HNIs and big HNIs has been set at 420 shares and 2010 shares respectively. Of the total issue, 50% is reserved for the Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Individuals (NIIs) and 35% for retail investors.
The Grey Market Premium (GMP) for Netweb Technologies India Limited started off strong at Rs 300 earlier this week. Netweb Technologies IPO GMP today (13th July) is faring at Rs 315/-.
Netweb Technologies IPO: Share Price and Issue Details
- Price band- Rs 475 – Rs 500
- Face value- Rs 2/- per share
- Lot size- 30 shares
- Total issue size- 1,26,00,000 (worth approx. Rs 630 crore)
- Listing at- NSE/BSE
Netweb Technologies IPO Date
- Opening date- 17th July, 2023
- Closing date- 19th July
- Allotment date- 24th July
- Refunds starting date- 25th July
- Credit of shares to Demat accounts- 26th July
- Listing date- 27th July
Netweb Technologies India Limited is one of India’s leading High-end Computing Solutions providers. According to the reports, the company had reported a profit of Rs 46.9 crore against a net revenue of Rs 444.97 crore in FY23.
Read the official RHP for more details.
