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Netweb Technologies' IPO garnered significant interest from Non-Institutional Investors (NII) and retail investors, leading to a subscription of 1.04 times on the first day of opening. The retail investors' category was fully subscribed at 1.51 times. The allotment of IPO shares is expected to take place on July 24 and listing of shares is expected to take place on July 27, 2023., Markets News, Times Now

Netweb Technologies, a leading high-end computing solutions provider, is all set to launch its IPO on July 17. The IPO, which will be listed on both BSE and NSE, aims to raise funds for capital expenditure. The price band for the shares has been set at Rs 475-500 per equity share. With 50% reserved for qualified institutional buyers and a portion allocated for retail investors, Netweb Technologies' IPO is generating significant interest. The Grey Market Premium (GMP) currently stands at around Rs 325 per share, indicating positive market sentiment. Don't miss out on this opportunity ...