Netweb Technologies IPO: If you like to invest in Initial Public Offering then there is big news for you. Next week a new IPO is coming in the market. Netweb Technologies India Limited’s IPO is going to open on 17th July. The size of the IPO is Rs 631 crore. You can bid in it from July 17 to July 19. In such a situation, if you are also thinking of investing in it, then we are telling about its price, brand and other details. Are.
What is the IPO size of Netweb Technologies?
Netweb, a company that provides solutions regarding computer-related data, is about to bring an IPO of Rs 631 crore. This company has fixed the price brand of IPO from Rs.475 to Rs.500. Through this IPO, the company will issue press shares worth Rs 206 crore. And the remaining amount will be issued through offer for sale. A total of 85 lakh shares will be issued through offer for sale. It is worth noting that this IPO will be opened for anchor investors on July 14 only.
When will the shares be allotted?
Significantly, the company has fixed a lot of 30 shares in the IPO. In such a situation, you will have to invest at least Rs 15,000 according to Rs 475 to 500 per share. 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 company has reserved 50 percent of the total IPO for Qualified Institutional Buyers (QIB), 35 percent for retail investors and 15 percent for non-institutional NII.
What will the company do with the funds raised through the IPO?
The company will use the amount raised through this IPO for capital expenditure. At the same time, some amount will be used by the company to repay its old loan. At the same time, many promoters of the company like Naveen Lodha, Vivek Lodha and Neeraj Lodha will sell their stake through this IPO.
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