Netweb Technologies IPO allotment: Check Status Online

The allotment date for the Netweb Technologies initial public offering is most likely on July 24, 2023, while the listing date is most likely on July 27. Allotment can be declared any time of the day.

Serving both domestic and foreign customers, Netweb Technologies India Ltd. is of the top supplier of server, storage, and high-performance computing solutions.

The retail component of the book build issue received 19.15 more subscriptions than the other 90.36 times. The grey market is also warning investors to expect a high listing premium.

Market watchers reported that the grey market premium (GMP) for Netweb Technologies’ IPO is currently 360, down 20 from its GMP of 380 on Friday. However, that despite the significant decline in the Indian stock market, bidders should not be concerned about the decline in GMP.

The IPO consists of 8.5 million equity shares offered for sale (OFS) and new equity worth Rs 206 crore. The business raised Rs 189 crore from anchor investors prior to the offer. Company distributed about 3.78 million shares at a price of Rs 500 per share, which includes the anchor round share premium of Rs 498 per share. The shares were subscribed for by notable investors including ICICI Prudential MF and Life Insurance, Goldman Sachs Funds, Nomura Funds, WhiteOak MF and HDFC MF among others.

Netweb Technologies IPO Timeline:

Opened: 17th July 2023

Closed: 19th July 2023

Allotment finalized: 24th July 2023

Non-allottees refund initiation: 25th July 2023

Demand Credits to allottees: 26th July 2023

Listing Date: 27th July 2023

 

Netweb Technologies India IPO applicants can now check their allotment status through the BSE India website.