Netweb Technologies, a leading high-end computing solutions provider, is all set to launch its IPO on July 17. The IPO, which will be listed on both BSE and NSE, aims to raise funds for capital expenditure. The price band for the shares has been set at Rs 475-500 per equity share. With 50% reserved for qualified institutional buyers and a portion allocated for retail investors, Netweb Technologies' IPO is generating significant interest. The Grey Market Premium (GMP) currently stands at around Rs 325 per share, indicating positive market sentiment. Don't miss out on this opportunity to invest in a promising technology company., Markets News, Times Now
India Business News: Indian server maker Netweb Technologies India’s Rs 631 crore ($85m) initial public offering (IPO) will be available for subscription from 17-19 July,
Netweb Technologies IPO: The company plans to use proceeds to the tune of Rs 32.77 crore to fund capital expenditure, Rs 128.02 crore to support long-term working capital, Rs 22.5 crore for debt payment, besides for general corporate purposes. Last month, Netweb Technologies raised Rs 51 crore from institutional investors in a pre-IPO placement round., Markets News, Times Now
Out of the total allocation 37.8 lakh equity shares to the anchor investors, 22.27 lakh equity shares were allocated to 9 domestic mutual funds through a total of 19 schemes.