Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more

• Netweb Technologies is expected to announce its share allotment status today i.e. July 24.
• The shares of Netweb Technologies were subscribed by 90.55 times overall.
• The company’s shares are expected to be listed on the stock exchanges on July 27.

Delhi-based Netweb Technologies, a provider of high-end computing solutions, is expected to announce the allotment status of its initial public offering (IPO) today, that is July 24.

The IPO opened on July 17 and closed on July 19. The price band for the IPO was ₹475 to ₹500 per share.

Robust subscription

On the last day, the Netweb Technologies IPO was subscribed 90.55 times, receiving bids for 80.04 crore equity shares against 88.58 lakh shares on offer. While the qualified institutional buyer portion was subscribed 220.69 times, the non-institutional investors portion was subscribed 83.21 times. The retail portion also witnessed decent participation and was subscribed 19.2 times. The employee category was subscribed 55.92 times.

Grey market premium

The shares of Netweb Technologies are currently commanding a grey market premium (GMP) of ₹380 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Netweb Technologies IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Netweb Technologies’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Now, enter the captcha.
• Click on submit.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Netweb Technologies IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Netweb Technologies’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Netweb Technologies listing date

The shares of Netweb Technologies will be listed on the stock exchanges on July 27.

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