Netweb Technologies, a high-end computing solutions provider, opened its initial public offering (IPO) for subscription today. The company is offering 12,620,000 equity shares at a price band of ₹475-₹500 per share.
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![[Image of Netweb Technologies logo]](http://freshnewspoint.com/wp-content/uploads/2023/07/Netweb_1200.jpg)
The IPO will close for subscription on July 19, 2023. The proceeds from the IPO will be used to fund the company’s growth plans, including expanding its product portfolio, strengthening its sales and marketing team, and investing in research and development.
Netweb Technologies is a leading provider of high-end computing solutions. The company’s products and services are used by a wide range of customers, including banks, financial institutions, government agencies, and large enterprises.
The company has a strong track record of growth. In the last financial year, Netweb Technologies’ revenue grew by 25%. The company is also profitable, with net profit margins of around 15%.
The IPO is being managed by Axis Capital and ICICI Securities. The lead bookrunners for the IPO are Axis Capital, ICICI Securities, and HDFC Bank.
The IPO is a good opportunity for investors to invest in a growing technology company. Netweb Technologies has a strong track record of growth, and the company is well-positioned to continue to grow in the future.
The IPO is open to all investors. Retail investors can subscribe to a maximum of 147 shares, while non-retail investors can subscribe to a maximum of 2,940 shares.
The IPO is expected to be listed on the BSE and NSE on July 27, 2023.
For more information about the IPO, please visit the company’s website or the websites of the lead bookrunners.
