Netweb Technologies share price opens at 89.4% premium; details here
₹947 per share, 89.4 percent higher than the issue price, and on the BSE, the Netweb Technologies shares were listed at ₹942.50 per share. Netweb Technologies IPO opened for subscription on Monday, July 17, and ended on Wednesday, July 19. The company has fixed the price band at ₹475 to ₹500 per equity share for the proposed initial public offer.
Netweb Technologies GMP today or grey market premium is +394, according to topsharebrokers.com. Qualified institutional buyers were 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. On Day 3, Netweb Technologies subscription status was 90.36 times, 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.
Netweb Technologies subscription status on day 2 was 9.14 times and on day 1 it was subscribed 2.33 times. Retail investors portion was subscribed 19.15 times, employee portion was subscribed 53.13 times, NIIs portion was subscribed 81.81 times, and QIBs portion was subscribed 228.91 times. Netweb Technologies IPO collected ₹189.01 crore from anchor investors on Friday, July 14.
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