Netweb Technologies IPO: Allotment Status and GMP
Netweb Technologies India Ltd is set to conduct the allotment of shares for its highly anticipated initial public offering (IPO) on Monday, July 24th.
Investors who have subscribed to the IPO can easily check their allotment status by visiting the registrar’s website and entering their PAN or IPO allocation number. Link Intime India Private Ltd serves as the registrar for this offering and also publishes the ‘basis of allotment document’.
The ‘IPO allotment status’ will reveal the total number of shares allocated to each investor, and a third-party website offers the option to verify the status.
The public subscription for the Netweb IPO commenced on Monday, July 17th and concluded on Wednesday, July 19th.
The final day of subscription saw enthusiastic responses from Non-Institutional Investors (NIIs), employees, and Qualified Institutional Buyers (QIBs), with retail investors following closely. The IPO was massively oversubscribed, reaching a staggering 90 times.
Specifically, the retail investors portion was subscribed 19.15 times, the employee portion was subscribed 53.13 times, NIIs portion was subscribed 81.81 times, and QIBs portion was subscribed 228.91 times.
During the second day of the IPO, the subscription rate reached 9.14 times, while on the first day, it was 2.33 times.
Individuals who were not allocated shares can expect the refund process to begin on Tuesday, July 25th.
For those lucky investors who receive an allotment, the shares will be credited to their demat accounts on Wednesday, July 26th.
The eagerly awaited shares of Netweb Technologies India IPO will be listed on the stock exchanges on Thursday, July 27th.
Here’s how to check your Netweb Technologies IPO allotment status on the registrar’s portal:
Step 1:
Visit Link Intime’s official website – Click Here
Step 2:
Select ‘Netweb Technologies India IPO’
Step 3:
Enter your PAN details, Application number, or DP client ID
Step 4:
Click on the ‘Search’ option
Step 5:
You can now view the Netweb Technologies India IPO allotment status of your application.
You can also check the IPO allotment status through BSE and NSE:
BSE method:
Step 1:
Visit BSE’s official website – Click Here
Step 2:
Go to the ‘Investors’ section in the menu bar, and select ‘Status of issue application’ under ‘Investor Services’.
Step 3:
Choose ‘Equity’ under ‘Issue Type’.
Step 4:
Select the Netweb IPO from the drop-down menu under ‘Issue Name’.
Step 5:
Enter your PAN or application number.
Step 6:
Confirm your identity and click the ‘Submit’ button.
NSE method:
Step 1:
Visit NSE’s official website – Click Here
Step 2:
Navigate to the ‘invest’ section on the main page and click on ‘check trade/bids’.
Step 3:
Register with your PAN by selecting the ‘Click here to sign up’ option on the NSE website.
Step 4:
Enter your username, password, and captcha code.
Step 5:
Check the IPO allotment status on the new page that appears.
Netweb Technologies IPO GMP Details:
The Netweb IPO’s Grey Market Premium (GMP) is currently at +381, as reported by topsharebrokers.com. This indicates that the shares are trading at a premium of ₹381 in the grey market as of Thursday.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price for Netweb IPO shares is ₹881 apiece, representing a substantial 76.20% increase over the IPO price of ₹500.
The ‘grey market premium’ serves as a strong indicator of investors’ willingness to pay more than the issue price for these shares.
Also Read: Netweb Technologies IPO GMP Today ( Grey Market Premium )
About Netweb Technologies:
Founded in 1999, Netweb Technologies India Limited is a leading provider of cutting-edge computing solutions called High-end Computing Solutions (HCS). Their expertise lies in designing, manufacturing, and deploying HCS solutions, which encompass exclusive middleware solutions, end-user utilities, and precompiled application stacks. With a focus on developing their compute and storage technologies, the company has established a strong presence in the market. They cater to the escalating computational demands of various industries, academia, and research organizations by deploying state-of-the-art supercomputing infrastructure. Notably, Netweb Technologies has achieved significant recognition with two of its supercomputers being listed among the world’s top 500 supercomputers on ten separate occasions.
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