Netweb Technologies IPO opens today; Check live subscription details here

17 Jul 2023 , 11:53 AM

The Rs 631 crore initial public offer of Netweb Technologies Limited opens for subscription today, 17 July. The tech player has set the price band for the IPO at Rs 475-500 per equity share. Click here to subscribe the IPO.

The issue comprises fresh equity shares of worth Rs 206 crore and an offer-for-sale (OFS) component with promoters and shareholders offloading shares totalling Rs 425 crore. Check the live subscription details of the IPO on July 17 at 11.45 AM:

The issue received bids for 52,98,330 equity shares out of 88,58,630 shares available, i.e., 60% of the shares reserved.

The retail portion of the IPO has been subscribed 91%, demonstrating strong demand from individual investors. In the NII (Non-Institutional Investor) category, the public issue has been subscribed 61%, while in the eligible employees’ category, it has been subscribed an impressive 2.77 times with nil subscription in QIB portion.

Prior to the opening of the issue, Netweb Technologies successfully raised Rs 189 crore from a range of anchor investors on July 14. The IPO will be open for subscription until July 19. The allotment of units is anticipated to take place on July 24, and the company aims to list the issue on the stock exchanges by July 27.

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