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Netweb Technologies IPO share allotment expected today

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After the initial public offering (IPO) bids closed on July 19, the allocation of shares of high-end computing solutions provider Netweb Technologies is scheduled to be settled today, July 24.

  • With bids for 79.95 crore equity shares received, the IPO of Delhi-based Netweb Technologies far outperformed the offer size of 88.58 lakh equity shares.
  • The official IPO registrar, Link Intime India Pvt Ltd, has a website where investors who have subscribed for shares can check the status of their applications for allocation.
Netweb Technologies offered its shares in the IPO, which was open for subscription from July 17-19, in a price range of Rs 475-500 apiece.
The IPO of Delhi-based Netweb Technologies
  • Click on the link https://linkintime.co.in/mipo/ipoallotment.html
  • Choose Netweb Technologies in the drop-down option. To check the status, you must enter your PAN information, application ID, demat account number, or DP client ID.
  • As an alternative, you can enter your application number and PAN information on the official BSE website to check the status of your allocation.
  • Visit the link bseindia.com/investors/appli_check.aspx.
  • To check the status, click the “Equity” box next to the issue type, choose the IPO name, and then input your application number and PAN number.
  • The likelihood that the majority of investors will not receive any shares under the offer is still very high because the IPO has been significantly oversubscribed. In these situations, refunds must begin to appear in the investors’ bank accounts by July 25.
  • By July 26, investors who have received shares can anticipate having them credited to their demat accounts. On July 27, the shares are anticipated to be launched on the BSE and NSE.
  • The price range for the shares offered by Netweb Technologies in the IPO, which was open for subscription from July 17–19, was between Rs. 475 and Rs. 500 per share. Market watchers claim that the stock is fetching a premium of about 360 rupees on the unlisted market, indicating significant listing returns for investors.
  • By combining a fresh issuance of 206 crore rupees and a promoter offer for sale (OFS) of 425 crore rupees at the higher end of the price band, the business hopes to raise Rs 631 crore through its public offering.

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