![]() ![]() The grey market premium seems to be on expected lines given the unique business model of Netweb with a growing orderbook, and consistent financial performance with an improving debt-to-equity ratio, analysts said. Generally, investors consider the grey market premium to know about the possible listing price. The grey market is an unofficial platform for trading in IPO shares till the listing is officially on the bourses. The premium for Netweb shares has increased a bit in the grey market, trading at a 75 percent premium against 70 percent a few days back over the expected final issue price of Rs 500 per share, analysts said on anonymity. High networth individuals have bought 81.81 times the portion set aside for them, retail investors 19.15 times and employees 53.13 times. Qualified institutional buyers were at the forefront and bid 228.91 times the allotted quota, the highest ever in QIB category. The Rs 631-crore maiden public issue has received an overwhelming response from investors, subscribing 90.36 times during July 17-19. Netweb will make its debut on the BSE and NSE on July 27, as per IPO schedule. ![]() The refunds will be credited to the bank accounts of unsuccessful investors by July 25. Those who are eligible will get at least one lot of shares which is 30 shares. Shares will be distributed proportionately given the massive demand for the public issue, so all investors may not get shares. They can conveniently do so using their mobile devices by following a few simple steps on either the BSE website or the IPO registrar's portal.Ī) Select issue type 'Equity' and issue name 'Netweb Technologies India Limited'ī) Enter either 'Application Number' or 'PAN Number'Ĭ) Check the box against the prompt 'I am not a robot' and finally, click on 'Submit' buttonĪlternatively on the portal of IPO registrar,Ī) Select issue name 'Netweb Technologies India Limited - IPO'ī) Select and accordingly enter either 'PAN Number', or 'Application Number', or 'DP Client ID'Įligible investors will get shares in their demat accounts by July 26. Investors no longer have to visit any broker's office to check their share allotment status. Participants are eagerly anticipating this decision, particularly in light of the strong demand witnessed during the public issue. High-end computing solutions provider Netweb Technologies is set to finalize the basis of allotment for IPO shares by July 24. ![]()
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