Netweb Technologies IPO: Issue subscribed 94% on day 1 so far; check details
IPO Subscription Status: The initial public offering (IPO) of Netweb Technologies Ltd was subscribed 94% on Day 1 so far. The public issue that opened for subscription on Monday, July 17, and will end on Wednesday, July 19. Employees and retail investors enthusiastically responded to the issue on the first day of subscription, followed by non-institutional investors (NIIS), and qualified institutional buyers (QIBs). Retail investors portion was subscribed 1.38 times, employee portion was subscribed 3.79 times, NIIs portion was subscribed 1.06 times, and QIBs portion was subscribed 1%.
The company has received bids for 83,30,010 shares against 88,58,630 shares on offer, at 13:00 IST, according to data from the BSE. The retail investors' portion received bids for 61,95,000 shares against 44,86,263 shares on offer for this segment. The employees' portions received bids for 75,810 shares against 20,000 on offer for this segment.
The non-institutional investors' portion received bids for 20,44,920 shares against 19,22,685 on offer for this segment. The QIBs' portion received bids for 14,280 shares against 24,29,682 on offer for this segment. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.
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