The IPO of Netweb, a leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities, was subscribed 90.36 times at close. The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times. The retail category was subscribed 19.15 times.
Netweb Technologies share price: Shares of Netweb Technologies India made a stellar debut at Dalal Street on Thursday as the stock was listed at Rs 947 on NSE, a premium of 90%, over its issue price of Rs 500. The stock nearly doubled investors money. Should you hold or book profits? See what analysts say.
"Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India, as it has a strong focus on the niche business segment of high-end computing solutions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
Shares of Netweb Technologies made a stellar debut at Dalal Street as the stock was listed at Rs 947 on the NSE, a premium of 90 per cent, over its issue price of Rs 500.