Netweb Technologies IPO Allotment Today: How To Check Status Online

India's leading high-end computing solutions (HCS) provider, Netweb Technologies will be alloting its equity shares after the initial public offering (IPO) on Monday. Subscribers to Netweb IPO can check whether they have received the company's equity shares through the registrar of the public offer, bank account, Demat account and on BSE. The equity shares will list on exchanges BSE and NSE in the following days this week.

Netweb IPO opened on July 17 and closed on July 19. After the IPO, the basis of allotment of equity shares proposed in the IPO is scheduled on July 24. Later on, the initiation of refunds is scheduled on July 25, and credit of equity shares to the Demat account is expected on July 26, followed by a market debut 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.

Netweb Technologies IPO witnessed strong demand from across investor categories. On the last day, the IPO oversubscribed by 90.36 times with robust demand from qualified institutional buyers (QIBs) as the portion reserved for this category subscribed by a whopping 228.91 times. Meanwhile, the portion reserved for non-institutional investors (NII) and retail individual investors (RII) fully subscribed 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 Monday. 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.

The price band of the IPO was fixed at Rs 475 per share to Rs 500 per share. The issue size comprised a fresh issue worth Rs 206 crore and an offer for sale of up to 85 lakh equity shares.

Netweb's HCS offerings included --- (i) high-performance computing (Supercomputing / HPC) systems; (ii) private cloud and hyper-converged infrastructure (HCI); (iii) AI systems and enterprise workstations; (iv) high-performance storage (HPS / Enterprise Storage System) solutions; (v) data centre servers; and (vi) software and services for our HCS offerings.

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.

By the end of the first half of FY23, the company's revenue and PAT were at Rs 143.02 crore and Rs 14.73 crore respectively.