![]() Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:ģ) Under the issue name, select Netweb Technologies Limited in the dropboxĦ) Click on 'I am not a Robot' and hit submit Most of them have suggested a bid for the issue. Majority of the brokerage firms tracking the issue continue to remain positive on the issue citing its strong business fundamentals, robust balance sheet, niche business segment and reasonable valuations compared to the peers. It develops homegrown compute and storage technologies, and deploys supercomputing infrastructure to meet demands of businesses, academia, and research organizations. Netweb Technologies designs, manufactures and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. According to the sources tracking the grey market, Netweb Technologies may deliver a strong listing pop. The premium has remained stable around current levels for the last 2-3 days. Last heard, the listing bound player was commanding a premium of close to Rs 370 per share in the grey market. Incorporated in 1999, Netweb Technologies provides high-end computing solutions (HCS), offering high-performance computing (supercomputing/HPC) systems private cloud and hyper-converged infrastructure (HCI) AI systems and enterprise workstations high-performance storage solutions data center servers, software and services. The portions for non-institutional bidders (NIIs), retail investors and employees were booked 83.21 times, 19.48 times and 55.92 times, respectively. The bidding was led by qualified institutional bidders (QIBs), whose quota was booked 220.69 times, highest in by the category in the last one decade. The issue was overall subscribed 90.55 times, thanks to its niche business model. The primary stake sale of Netweb Technologies, which was sold in the range of Rs 475-500 apiece, between July 17-19. The Rs 631-crore initial public offering of Netweb Technologies, a high-end computing solution (HCS) provider, had received a robust strong response from the investors. The company will make its debut at Dalal Street on Thursday, July 27. Netweb Technologies India has finalised the basis of allotment of its shares and investors' who bid for the issue got the message of debit of funds or revocation of mandate from their bank's late night on Monday.
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