Netweb Technologies IPO will be listed in the stock market today, investors can get bumper profits
Netweb Technologies IPO Listing Today: If you also invest in the stock market, then this news is very important for you. Today the IPO of Netweb Technologies is going to be listed in the stock market. According to many experts, investors can get bumper profits from this IPO.
Today the IPO of this Netweb Technologies is going to be listed in the stock market. Today is a very important day for investors. According to many experts, investors can make great profits after the listing of Netweb Technologies IPO. According to the Bombay Stock Exchange (BSE), the IPO of Net Web Technologies will be listed in the market today. Let us tell you that the company's IPO has got a great response from the investors. The issue was subscribed 90.36 times on the last day of the IPO.
Shares of Netweb Technologies will be listed on BSE and NSE (National Stock Exchange) in a special pre-open session (SPOS) on Thursday. The shares of the company will trade in 'B' groups.
After the spectacular process of investors on the company's IPO, stock market experts believe that the company's stock can see a boom in the market today. The shares of the company can open at Rs 900 per share. If the bearish situation continues in the market, then Netweb Technologies stock can open at Rs.850-870 per share.
Qualified Institutional Buyers (QIBs) have shown maximum interest in Netweb Technologies IPO. The IPO has been subscribed 220.69 times on their behalf.
The company's IPO was open to investors from July 17 to July 19. The company had planned to raise Rs 631 crore through this IPO. The company had issued a fresh issue of Rs 206 crore for this.
The company will use capital expenditure of Rs 32.3 crore from the fresh issue through this IPO. At the same time, Rs 128.02 crore will be used to meet the needs of long-term working capital. Along with this, the company will spend Rs 22.5 crore to repay the loan.
