Netweb Technologies IPO: Good response to Netweb Technologies IPO, GMP showing amazing
Netweb Technologies IPO:
Today marks the beginning of investor subscription for the IPO of this. Bids have been received for 23.77 lakh of the 88.58 lakh equity shares that will be offered to the public. Because of this, 0.27 percent of the subscription will be received as soon as the IPO opens. The article debuted today and will end on july 19
Know further IPO information
Of the 35% shares set aside for retail investors, 41% had been purchased. The part set out for firm personnel has been booked 1.47 times as much at the same period. High Net Worth Individuals have acquired 15% of the total IPO after subscribing for 26% of the 19.22 lakh shares set aside for them.
What is the price band of IPO
The price tag of Netweb Technologies’ IPO has been fixed from Rs 475 to Rs 500.
What is the Netweb Technologies IPO’s Grey Market Premium (GMP)?
If we look at the grey market premium of the Netweb Technologies IPO shares, it is currently at Rs 368 and is down Rs 12 from yesterday. Its GMP yesterday was Rs. 380. However, based on the GMP of Rs 368, each share is listed for Rs 368 (500 + 368), or Rs 868 per share. It is crucial to note that the GMP is not a flawless mechanism for listing shares, and as a result, the stock market is not always listed.
When can be listing
The shares of this company will be allotted on 24th July and their listing can be done on 27th July. The listing of the shares will be on the Bombay Stock Exchange and the National Stock Exchange.
The net valuation of the IPO of Netweb Technologies, a provider of data-related computer solutions, is Rs 631 crore. The business has issued press shares for a total of Rs 206 crore through this IPO. Shares of the remaining sum are also being issued concurrently through an offer for sale. On July 14th, this IPO officially opened to anchor investors.