Netweb Technologies IPO: Issue subscribed over 27 times on day 3 so far; check details
IPO Subscription Status: The initial public offering (IPO) of Netweb Technologies Ltd was subscribed 27.36 times on Day 3 so far. The public issue that opened for subscription on Monday, July 17, and will end on Wednesday, July 19. Non Institutional Investors(NIIS), employees, and qualified institutional buyers (QIBs) enthusiastically responded to the issue on the final day of subscription, followed by retail investors.
Retail investors portion was subscribed 14.50 times, employee portion was subscribed 36.27 times, NIIs portion was subscribed 53.84 times, and QIBs portion was subscribed 30.10 times. The company has received bids for 24,26,80,410 shares against 88,58,630 shares on offer, at 13:30 IST, according to data from the BSE. The retail investors' portion received bids for 6,52,16,460 shares against 44,86,263 shares on offer for this segment.
The employees' portions received bids for 7,29,660 shares against 20,000 on offer for this segment. The non-institutional investors' portion received bids for 10,36,00,410 shares against 19,22,685 on offer for this segment. The QIBs' portion received bids for 7,31,33,880 shares against 24,29,682 on offer for this segment.
Netweb Technologies IPO: Issue subscribed 2.33 times on day 1; check details The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer. Qualified institutional buyers are entitled to 50% of the offer size, high net worth individuals to 15% of the offer size, and retail investors to 35% of the offer size. Netweb Technologies India collected ₹189.01 crore from anchor investors on Friday, July 14.
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