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Last day to subscribe Netweb Tech IPO; issue subscribed 21 times so far

19 Jul 2023 , 12:46 PM

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

Related Tags

  • Netweb Tech IPO
  • Netweb Tech IPO subscribe
  • Netweb Tech IPO subscription
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