The public issue of Netweb Technologies India has garnered bids for 23.77 lakh equity shares against an offer size of 88.58 lakh equity shares, subscribing 0.27 percent on the first day of bidding on July 17.
Retail investors have bought 41 percent shares of the reserved portion which is 35 percent of the total IPO size, while the part set aside for employees has been booked 1.47 times.
The server, storage, and high-performance computing (HPC) solutions provider has reserved 20,000 equity shares of the IPO, for its employees. They will get the the shares at a discount of Rs 25 apiece to the final offer price.
High net-worth individuals have subscribed for 26 percent of the 19.22 lakh shares, or 15 percent reserved portion, in the total IPO size. Qualified institutional buyers (QIBs) are yet to start putting in bids for the offer.
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