Netweb Technologies IPO: Detail and GMP price

The Netweb Technologies IPO subscription period started on July 17, 2023, and it will expire on July 19, 2023. The initial public offering of Netweb Technologies is intended to raise about 631 crores. Retail quota is 35%, QIB quota is 50%, and NII quota is 15%. QIB stands for “Qualified Institutional Buyers.” The range for the IPO’s price per equity share is established at 475 to 500.

Netweb Technologies IPO

The minimum market lot for the Netweb Technologies IPO is 30 shares, and an application fee of 15,000 is needed to participate. The Netweb Technologies IPO will be listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) and is designated as a Mainline IPO

Leading high-end computing solutions (HCS) supplier in India, Netweb Technologies provides fully integrated design and manufacturing capabilities. High-performance workstations and AI systems, private clouds, hyper-converged infrastructure, high-performance storage solutions, data center servers, and software and services associated with their HCS offerings are all included in their list of HCS offerings. One of the leading Indian-owned and -controlled OEMs (Original Equipment Manufacturers) in the HCS sector, they offer HPS solutions, private cloud and HCI, data center servers, AI systems, and supercomputing systems. They are one of the top OEMs in terms of the quantity of HPC (High-Performance Computing) installations, and they have a substantial presence in India.Netweb Technologies IPO 

View from IPO Watch: We advise investors to apply for the IPO while keeping both short- and long-term goals in mind. Before choosing an investment, it is a good idea to look at the subscription figures for QIBs, NIIs, and retail investors.

Investor Categories for Netweb Technologies’ IPO:

• Financial institutions, banks, FIIs (foreign institutional investors), and mutual funds are examples of qualified institutional buyers (QIB).

• Non-Institutional Investors (NII) include individuals, NRIs (non-resident Indians), businesses, trusts, and others.

• Retail Individual Investors (RII): Also known as Non-Resident Indians

Other: Eligible Shareholders Employee (EMP): Eligible Employees

Review of the Netweb Technologies Initial Public Offering:

You can use the ASBA (Applications Supported by Blocked Amount) feature offered by your bank account to submit an application for the Netweb Technologies IPO. Simply sign into your online banking and complete the “Invest” section to submit an application for the Netweb Technologies IPO. As an alternative, you can fill out online IPO forms before downloading and submitting them to your bank or broker.

Netweb Technologies IPO Subscription Status – Day 1