Should you apply for netwebtechnologies IPO
Netweb Technologies IPO: The initial public offering (IPO) of computing solutions provider Netweb Technologies India opens for public subscription on July 17. The IPO will remain open for a 3-day subscription and will close on July 19.
Netweb Technologies IPO consists of a fresh issue of shares worth ₹206 crore and an offer-for-sale of up to 85 lakh shares by its existing promoters and shareholders.
The company has set the price band for the public issue at ₹475-500 per share. At the upper band price, the company expects to raise ₹631 crore through the IPO.
NTIL is one of India’s leading Indian origin owned and controlled original equipment manufacturers in the space of high-end computing solutions (HCS). The company provides supercomputing systems, private cloud & HCI (hyper-converged infrastructure), data center servers, AI systems & enterprise workstations and high-performance storage (HPS) solutions. These find application across sectors like IT, ITeS, entertainment & media, banking, financial services & insurance, national data centers and government entities like defense, education and research development institutions
