Netweb Technologies IPO to open on Monday. 10 things to know about the public offer
IPO) of Netweb Technologies will open for subscription on July 17 and stay till July 19. The company's shares are expected to get listed on both the exchanges.
Here are 10 things to know about the issue.
What is the business overview of Netweb Technologies? Netweb Technologies, an HCS (high-end computing solutions) provider based in India, serves a diverse range of Indian and multinational customers. The company's HCS offerings comprises high performance computing systems, private cloud and hyperconverged infrastructure, AI systems and enterprise workstations, high performance storage, data centre servers and software and services.What is the industry overview of Netweb Technologies? High-end computing solutions industry is a rapidly evolving and technologically advanced one that requires the vendors to stay abreast of the developments and improve and customise their designs, and hardware and software offerings.HCS offerings make it possible for organizations to create more efficient operations, reduce downtime and improve worker productivity.What is the size of the Netweb Technologies IPO? The IPO of Netweb comprises a fresh issue of equity shares up to Rs 206 crore and an offer-for-sale (OFS) of up to 8.5 million equity shares by promoter selling shareholders.Who are the selling shareholders under the OFS? Under the OFS, Sanjay Lodha will offload 2.8 million shares, while Navin Lodha, Niraj Lodha and Vivek Lodha will sell 1.43 million shares each.What is the price band for the Netweb Technologies IPO? The company has fixed the price band at Rs 475-500 per equity share for its public offer. Investors can bid for a minimum of 30 shares and in multiples thereafter.What is the structure of the Netweb Technologies IPO? Abo.
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