Netweb Tech IPO Allotment Out: Check Application Status, GMP, Listing, Other Details Here

Netweb Technologies IPO: The public offer's allotment of equity shares has been carried and investors can now check their application status. There are many mediums to check Netweb IPO allotment status such as through the registrar of the public offer, bank account, Demat account and on stock exchanges. After oversubscribing, Netweb IPO's allotment of proposed equity shares was scheduled on July 24. Meanwhile, on Tuesday, the company will initiate refunds if any.

The IPO will make its market debut on exchanges on July 27.

Here's how to check allotment of equity shares in Netweb IPO:

Link Intime Allotment Page:

Step 1: Visit Link Intime IPO Allotment Page (https://linkintime.co.in/MIPO/Ipoallotment.html)

Step 2: Then select the option of personal identification to proceed further to select the IPO name. These can be Permanent Account Number (PAN) card, Aadhaar card, DP ID options:

Step 3: After doing so, click on the drop-down menu bar to select the IPO name. Select 'Netweb Technologies'.

Step 4: Feed the details of PAN, Aadhaar, or DP ID as per your selection.

Step 5: Click on the 'Search' button lastly to proceed to check your allotment status on the screen.

BSE:

Step 1: Under the investors' section of the BSE website, click on 'Status of Issue Application'. Here is the link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the issue type either Equity or Debt

Step 3: Select the IPO name 'Netweb Technologies' from the drop-down menu on the Issue Name.

Step 4: Feed in the details of either Application No. or PAN card.

Step 5: Select the captcha mode and then click on 'Search'.

You get to know your allotment status accordingly.

NSE:

- Exchange will also provide Allotment information as provided by the registrar to the issue. Click here to login (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

- To avail of this facility, the investor has to register one time by providing the PAN details.

- The user shall be able to view the details of the bids entered against the registered PAN number

- On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

Demat Account:

- Another method to check your application status for Netweb IPO could be your demat account. You can call your broker, or login into your trading account for this.

- If your application is approved and Netweb shares are credited then it should reflect in your Demat account.

Bank Account:

- To check your application status, investors need to log in to their bank account from which they have applied for Netweb IPO.

- After logging in, you need to check your balance statement.

- If an investor has received the allotment, then the amount will be debited from your account. And if not, then the amount will be credited.

- Also, as per IPO Watch, if you got the allotment you should have gotten an SMS "Dear Customer, Bank Name Account 00001 is debited with INR 00000.00 on Date. Info: IPOName. The Available Balance is INR 000000."

Netweb IPO opened on July 17 and was available till July 19. The price band for the IPO was fixed at Rs 475 per share to Rs 500 per share. The IPO size included a fresh issue worth Rs 206 crore and an offer for sale of up to 85 lakh equity shares.

On the last day of the IPO, the company received a subscription of 90.36 times with strong appetite from across investors category. The qualified institutional buyers (QIBs) were top buyers of Netweb IPO as the reserved portion for this category subscribed by a whopping 228.91 times. Meanwhile, the portion allocated for non-institutional investors (NII) and retail individual investors (RII) also oversubscribed by 81.81 times and 19.15 times respectively.

As per the IPO Watch, the grey market premium of Netweb IPO is Rs 380 per share on Tuesday, unchanged from the previous session. Taking into consideration the latest GMP, Netweb IPO is expected to list at Rs 880 per share (upper price band of Rs 500 + Rs 380) which would be a 76% premium from the upper issue price.

Netweb Technologies is India's leading high-end computing solutions (HCS) provider. In the financial year FY22, Netweb's revenue stood at Rs 247.03 crore versus Rs 142.78 crore in FY21 and Rs 156 crore in FY20. PAT stood at Rs 22.45 crore in FY22 as against Rs 8.23 crore in FY21 and Rs 3.91 crore in FY20.

Netweb IPO is proposed to be listed on both exchanges BSE and NSE.