High Performance Computing / Data Centre IT - Listed on 27 July 2023
Netweb Technologies (High Performance Computing / Data Centre IT) closed its IPO window in 2023 and listed on NSE and BSE on 27 July 2023 at an upper band issue price of Rs 500, opening at Rs 947 for a listing gain of +89.4% and closing day one at Rs 912 (+82.4% on closing basis). The IPO was subscribed 90.36x overall - QIB 228.91x, HNI/NII 81.81x, Retail 19.15x. The total issue size was Rs 631 Cr (Fresh Issue Rs 206 Cr, OFS Rs 425 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
High Performance Computing / Data Centre IT
Netweb Technologies operates in the High Performance Computing / Data Centre IT space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Netweb Technologies issue was offered at an upper price of Rs 500 and raised approximately Rs 631 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 320 | +64.00% |
| Day 2 | Rs 320 | +64.00% |
| Day 3 | Rs 330 | +66.00% |
| Day 4 | Rs 350 | +70.00% |
| Day 5 | Rs 370 | +74.00% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Netweb Technologies IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Netweb Technologies IPO listed at +89.4% versus the upper issue price of Rs 500 on 27 July 2023.
Netweb Technologies IPO was subscribed 90.36x overall. QIB portion was subscribed 228.91x, HNI / NII 81.81x and Retail 19.15x.
IPO GMP started at Rs 320 on Day 1 and moved to Rs 370 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.