Netweb Technologies India IPO
Netweb Technologies India Limited (NETWEB) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 July 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +55.1% (likely range +31% to +82%), day's high +67.5%, chance of a gain 92%. Actual: +89.4% at the open, +90.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 24,29,682 | 55,61,85,540 | 229x | |
| NII (HNI) total | 19,22,685 | 15,72,86,220 | 81.8x | |
| Big NII (above ₹10 lakh) | 12,81,790 | 11,12,50,980 | 86.8x | |
| Small NII (₹2-10 lakh) | 6,40,895 | 4,60,35,240 | 71.8x | |
| Retail | 44,86,263 | 8,59,18,110 | 19.2x | |
| Employees | 20,000 | 10,62,510 | 53.1x | |
| Total | 88,58,630 | 80,04,52,380 | 90.4x |
Bids on NSE and BSE together, as published by NSE, as of 19 Jul 2023, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Netweb Technologies India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Laxmi Organic IndustriesMar 2021 | 175x | 218x | 20.1x | 107x | ₹605 Cr | +19.6% | +34.3% |
| FSN Ecommerce VenturesNov 2021 | 91.2x | 112x | 12.2x | 81.8x | — | +79.4% | +99.8% |
| Data Patterns (India)Dec 2021 | 191x | 254x | 23.1x | 120x | ₹587 Cr | +46.3% | +47.7% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Equirus Capital | 34 | +21.3% | 74% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Netweb Technologies India IPO price band and lot size? ₹475–500 per share, with a lot of 30 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 90.4x overall: QIB 229x, NII 81.8x, retail 19.2x, employees 53.1x.
How did it list? It opened at ₹947, +89.4% against the issue price of ₹500, and closed its first day +82.1%.
