Netweb Technologies IPO: Price band, issue date and all important details

NEW DELHI: The IPO of Netweb Technologies India, a domestic server manufacturer, will open for public subscription from July 17 to July 19, with anchor investor bidding commencing on July 14.

The company has set a price range of Rs 475-500 per share for its initial public offering (IPO) worth Rs 631 crore.

Of the total issue size, 50% is reserved for qualified institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors. Investors can bid for a minimum of 30 shares and in multiples thereof. In a pre-IPO placement round conducted last month, the company raised Rs 51 crore from institutional investors.