Netweb Technologies India, a leading provider of cutting-edge computing solutions, has officially opened its initial public offering (IPO) for public subscription today. The IPO presents an opportunity for investors to participate in the company’s growth trajectory. Interested investors can subscribe to the IPO for a period of three days, with the subscription window set to close on July 19.

The IPO consists of a fresh issue of shares worth ₹206 crore and an offer-for-sale of up to 85 lakh shares by its existing promoters and shareholders.

The company has revealed the price band for its upcoming public issue, set at ₹475-500 per share. With the upper band price, the company anticipates raising a significant amount of ₹631 crore through the IPO.

The lot size for the Netweb Technologies IPO is 30 shares and retail investors can apply up to 13 lots.

Following the completion of the IPO, Netweb Technologies shares will be listed on two prominent stock exchanges, namely the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The anticipated listing date is July 27, marking a significant milestone for the company as it enters the public trading arena.

Investors eagerly await the IPO allotment, which is expected to take place on July 24. During this process, shares will be allocated to successful applicants, enabling them to become part of Netweb Technologies’ shareholder community. The IPO allotment represents a crucial step in the company’s transformation into a publicly traded entity.

Netweb Technologies India has garnered substantial interest from investors due to its impressive track record and promising growth prospects. The IPO aims to fuel the company’s expansion plans, enhance its research and development efforts, and solidify its position in the market as a technology leader.

Netweb Technologies India Ltd. (NTIL) provides high-end computing solutions (HCS). The company’s expertise extends to serving industries such as IT, IT-enabled services, entertainment, media, BFSI (banking, financial services, and insurance), national data centers, and government entities.

NTIL operates a state-of-the-art manufacturing facility located in Faridabad, Haryana, and boasts an extensive network of 16 offices spanning across India. The company’s commitment to excellence is exemplified by the recognition its three supercomputers have received, securing a place among the world’s top 500 supercomputers on 11 separate occasions.

Prior to its upcoming initial public offering (IPO), NTIL successfully raised ₹51 crore through a pre-IPO placement. Distinguished institutional investors, including LG Family Trust and Anupama Kishore Patil, among others, have demonstrated their confidence in the company by subscribing to the placement. The issue price for this placement stood at ₹500 per share, reinforcing NTIL’s valuation and market positioning.