
Technology Hardware & Equipment · NSE / BSE
Incorporated in 1999, Netweb Technologies India Limited provides high-end computing solutions (HCS) including supercomputing systems, private cloud and hyper-converged infrastructure, AI systems, enterprise workstations, high-performance storage solutions, data center servers, and related software and services. The company designs, manufactures, and deploys HCS with proprietary middleware, utilities, and precompiled application stacks, and has played a key role in India’s National Supercomputing Mission with two of its supercomputers being listed 10 times in the world’s Top 500. As of February 28, 2023, Netweb has installed 300+ supercomputing systems, 50+ private cloud/HCI setups, 4,000+ GPU-based AI systems, and high-performance storage solutions delivering up to 450 GB/sec throughput. The company caters to leading clients across IT, ITeS, media, BFSI, government, defence, education, and research sectors, including IITs, JNU, major data centres, space research organizations, and R&D institutes under the Ministry of Electronics and IT.
Price Band
₹475 – ₹500
Issue Size
₹631 Cr
Lot Size
30 shares
GMP
+86.0%
Est. Listing
₹930
at current GMP
Subscribed
95.11x
overall
Open
17 Jul 2023
Close
19 Jul 2023
Allotment
24 Jul 2023
Refund
25 Jul 2023
Demat Credit
26 Jul 2023
Listing
27 Jul 2023
Designated Registrar: Link Intime India Private Limited
Allotment Date
24 Jul 2023
Basis finalization
Refunds Initiate
25 Jul 2023
Mandate release
Demat Credit
26 Jul 2023
Shares in demat
Listing Debut
27 Jul 2023
Trading begins
Netweb Technologies India Limited is bringing an initial public offering (IPO) in the Technology Hardware & Equipment sector with an aggregate issue size of ₹631 Crores. The shares are offered at a price band of ₹475 to ₹500 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-07-19, the basis of allotment is scheduled to be finalized on 2023-07-24. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.