Netweb Technologies IPO will open on July 17, see all the details before investing


New Delhi: In the past, many companies have come up with IPOs. In some of these IPOs, investors have made bumper profits. Now another company is about to bring its IPO. If you like to invest in IPO then this is a great opportunity for you. This IPO belongs to Netweb Technologies India IPO. The company provides computing solutions. The company’s IPO (Netweb Technologies IPO) can be subscribed till 19 July. Under this IPO, the company will issue new shares worth Rs 206 crore. At the same time, existing promoters and shareholders will offer 85 lakh equity shares. The company will raise Rs 632 crore through the upper price band.

A lot size of 30 shares and a price band of Rs 475-500 per share have been fixed for the Netweb Technologies India IPO. This means investors will have to invest at least Rs 15,000 to apply for a single lot. This IPO will be open for subscription till 19th July. The allotment of its shares can be done on 24 July. Shares can be credited in the demat account of investors till July 26, 2023. The listing of the company’s shares can be done by July 27.

Under Netweb Tech IPO, 50 percent shares have been reserved for qualified institutional buyers. At the same time, 15 per cent shares have been reserved for HNIs and 35 per cent for retail investors. Netweb Technology Company was established in the year 1999. In the financial year 2022-23, the company had reported a net profit of Rs 46.94 crore. The company’s total revenue in the last financial year stood at Rs 445.65 crore. The company offers high-end computing solutions.

It is not right to invest in the stock market without knowledge. Before investing, do talk to your financial advisor once. If you do not do this, you may have to suffer financially.

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