Netweb Technologies India lists with 89% premium on the BSE
Netweb Technologies India has debuted at Rs 942.50 on the BSE, up by 442.50 points or 88.50% from its issue price of Rs 500.
The scrip is currently trading at Rs 914.90, up by 414.90 points or 82.98% from its issue price. It has touched a high and low of Rs 953.00 and Rs 875.60 respectively. So far 8.31 lakh shares were traded on the counter.
The offering, which was open for subscription between July 17, 2023 and July 19, 2023 was subscribed 90.4 times. The issue price was fixed at Rs 500 per share i.e. at upper end of price band of Rs 475-500 apiece.
Netweb Technologies is one of the country's leading high-end computing solutions (HCS) providers. It is one of the few original equipment manufacturers (OEMs) in the country and is a recipient of production-linked incentives schemes of the Government of India.
