The Rs 631 crore initial public offer of Netweb Technologies Limited will be closing today and the issue was subscribed 9.14 times by the end of day 2. Click here to subscribe the IPO.
On day 3, the issue was subscribed 20.79 times by 12.42 PM. Bids for 18.41 crore equity shares have been received against an IPO size of 88.58 lakh equity shares.
Institutional investors: 17.94 times.
Non-institutional investors: 42.49 times.
Retail investors: 12.99 times.
Employee reserved: 29.09 times.
The company has set the price band for its proposed initial public offer (IPO) at Rs 475 to Rs 500 per equity share. The allocation of the offer size is as follows: Qualified institutional buyers (QIBs) are eligible for 50% of the offer size, high net worth individuals (HNIs) can subscribe to 15% of the offer size, and retail investors have access to 35% of the offer size.
| Open date | July 17 |
| Close date | July 19 |
| Lot size | 30 shares |
| IPO size (Rs crore) | Rs 631 crore |
| IPO price range (Rs) | Rs 475-500 per share |
| Minimum investment | Rs 15,000 |
| Basis of allotment date | July 24 |
| Refunds date | July 25 |
| Credit to demat account date | July 26 |
| Listing date | July 27 |
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