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Netweb Technologies' IPO aims to raise 631 crore with fresh equity of Rs 206 crore and an offer for the sale (OFS) of 8.5 million shares, which amounts to Rs 425 crore at the higher end of the price band.
Netweb Technologies IPO: The public issue aims to raise Rs 631 crore and includes an offer for the sale of 8.5 million equity shares. The price band for the shares has been set at Rs 475-500 per.
The IPO market has picked up pace in the second half of the year with three issues delivering strong listing gains. Netweb Technologies' IPO comprises a fresh issue of equity shares of up to Rs 206 crore and an offer-for-sale of up to 8.5 million equity shares by promoter-selling shareholders.
The trading in equity shares of Netweb Technologies will start from July 27, as per the IPO schedule.
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 ...