Netweb Technologies India, a computing solutions provider, has opened its initial public offering (IPO) for public subscription. The IPO consists of a fresh issue of shares worth INR 206 crore ($27.7 million) and an offer-for-sale of up to 8.5 million shares.
Netweb Technologies IPO: As per BSE data, Netweb Tech's IPO received 2,06,05,890 bids compared to the issue size of 88,58,630 shares. The Rs 631-crore initial share sale is being sold in the range of Rs 475-500 apiece with a lot size of 30 equity shares and in multiples thereafter.