Netweb Technologies IPO Share Allotment Today: How to Check via BSE, Registrar’s Website
Netweb Technologies is set to finalize the basis of allotment for IPO shares by July 24. Investors who have bid for the Netweb Technologies IPO will soon be able to check their allotment status online. The IPO has received a strong response from investors, with the issue being oversubscribed more than 90 times.
The high-end computing solution provider’s IPO consists of a fresh issuance of shares worth Rs 206 crore, as well as an offer for sale of Rs 425 crore by the promoters. The price band for the offer was set at Rs 475-500 per share.
Netweb Technologies, established in 1999, offers a range of high-end computing solutions under the ‘Tyrone’ brand. These solutions include computing systems, private cloud and hyper-converged infrastructure, AI systems, enterprise workstations, high-performance storage solutions, and data center servers.
The grey market premium for Netweb shares has increased to a 75% premium over the expected final issue price of Rs 500 per share. This indicates a positive sentiment among investors regarding the IPO.
To check the allotment status, bidders can log in to the BSE website or the website of Link Intime India Private Ltd, the official registrar of the IPO. On the BSE website, investors need to select the Netweb Technologies IPO and enter their application number to access their allotment status. Similarly, they can log in to the Link Intime website to check their allotment status.
For bidders who did not receive an allotment, refunds are expected to be initialized on July 25. Those who are allotted shares can anticipate the credit of shares to their Demat account by July 26. The listing of the IPO is likely to take place on July 27.
It is advisable for investors to regularly check the BSE website or the Link Intime website for any updates regarding the allotment status. By doing so, they can stay informed about the progress of their allocation and take appropriate action accordingly.
In conclusion, the Netweb Technologies IPO has garnered significant attention from investors, resulting in a robust subscription. The allotment status will soon be available for investors to check online, allowing them to monitor the progress of their investment.
