Netweb Technologies and Ashrafi Hospital IPOs to open next week

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New Delhi: After the spectacular listing of IdeaForge Technologies, Cyient DLM and Senco Gold in the stock market, a lot of enthusiasm is being seen among the investors. Next week, the IPOs of two companies Netweb Technologies and Asharfi Hospital are knocking in the stock market. Both these IPOs will open on Monday and their total size is around Rs 658 crore. Netweb Technologies’ issue size is Rs 631 crore while Asharfi Hospital’s IPO is Rs 26.94 crore. Shares of both the companies are trading at a premium in the gray market. Let’s know everything about them…

Netweb Technologies

Netweb Technologies IPO will open on July 17 and can be bid till July 19. This company, which provides high-end computing solutions, has fixed a price band of Rs 475-500 per share for this. Its allotment is likely to happen on July 24. It is likely to be listed on BSE and NSE on July 27. According to market analysts, the company’s stock is trading at a premium of Rs 338 in Grow Market, which is 65% higher than its issue price. That is, the gray market is expecting it to be listed at Rs.838. The company has raised Rs 189.01 crore from anchor investors before the issue opens. The issue has 50 per cent for QIBs, 15 per cent for high net worth individuals and 35 per cent for retail investors.

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Ashrafi Hospital

The SME issue will open on July 17 and can be bid on till July 10. The company, which runs a 250-bed hospital in Jharkhand’s Dhanbad, has fixed a price band of Rs 51-52 per share for its issue. The allotment of its shares can happen on July 24 and its listing is likely to happen on July 27. Its stock is trading at a premium of Rs 12 in the gray market. That is, the gray market is expecting it to be listed at Rs 64, which is 23% higher than its issue price. The issue has a lot size of 2,000 shares and retail investors can place a minimum bid of Rs 104,000.

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