Upcoming IPOs: Netweb Technologies, Asarfi Hospital to hit primary market next week. ₹658 crore at stake
Upcoming IPOs: After dream listing of ideaForge Technologies, Cyient DLM and Senco Gold IPOs ((Initial Public Offers), primary market is eagerly awaiting the arrival of two more book build issues next week — Netweb Technologies and Asarfi Hospital IPO. Both upcoming IPOs will open on Monday next week. A total of around ₹658 crore would be at stake in primary market next week as Netweb Technologies IPO size is ₹631 crore while Asarfi Hospital IPO aims to raise ₹26.94 crore from its public offer.
Here we list out full details in regard to these upcoming IPOs: The public issue opens on 17th July 2023 and it will remain open for bidding till 19th July 2023. So, Netweb Technologies IPO will open on Monday next week and bidding for the book build issue will end on Wednesday next week. The company has fixed issue price at ₹475 to ₹500 per equity share and it aims to raise ₹631 crore from this book build issue.
Likely date for Netweb Technologies IPO allotment is 24th July 2023. The public issue is proposed for listing on both BSE and NSE and the most likely Netweb Technologies IPO listing date is 27th July 2023. Netweb Technologies IPO GMP today: According to market observers, shares of Netweb Technologies Ltd is trading at a premium of ₹338 in grey market today, which means Netweb Technologies IPO grey market premium (GMP) today is ₹338.
This means grey market is highly bullish on the public offer and expects that Netweb Technologies IPO listing price would be around ₹838 ( ₹500 + ₹338), which is more than 65 per cent from Netweb Technologies IPO price band of ₹475 to ₹500 per equity share. The SME issue opens on 17th July 2023 and it will remain open for bidding till 19th July 2023. So, Asarfi Hospital IPO will open on Monday
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