It had allotted about 37.80 lakh shares at Rs 500 per share, which features a share premium of Rs 498 per share within the anchor spherical, which noticed participation from marquee traders together with Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF and Life Insurance coverage, HDFC MF, WhiteOak MF amongst others.
Within the unlisted market, the corporate’s shares are commanding a premium of Rs 350-355.
The general public situation with a face worth of Rs 2 per fairness share includes Rs 206 crore of recent situation and a proposal for the sale of 8.5 million fairness shares. The supply additionally features a reservation for a subscription by eligible staff.
The corporate is providing its shares within the vary of Rs 475–Rs 500 per fairness share. Traders can bid for 30 shares in a single lot and in multiples thereafter.
The IPO will fetch Rs 631 crore on the higher finish of the worth band.
About 50% of the online supply is reserved for the QIB portion, 15% for the NII class, and 35% for retail traders.Netweb Applied sciences, an HCS (high-end computing options) supplier primarily based in India, serves a various vary of Indian and multinational clients throughout the nation.
The corporate’s HCS choices comprise high-performance computing programs, personal cloud, and hyper-converged infrastructure, AI programs and enterprise workstations, high-performance storage, information middle servers, and software program and companies.
For the 12 months ending March 2023, the corporate clocked revenues of Rs 445 crore, whereas revenue stood at Rs 46.9 crore in the identical interval.
Proceeds from the problem will probably be used for funding its capital expenditure, long-term working capital, and reimbursement, in full or partly, of debt.
Equirus Capital and IIFL Securities are the book-running lead managers and Hyperlink Intime India Non-public Restricted is the registrar for the supply.