Netweb Tech IPO opens today: Should you subscribe to the supercomputing player?
Netweb Technologies India IPO will open for subscription on Monday. The company has set the price band at Rs 475-500 apiece.
- Jul 17, 2023,
- Updated Jul 17, 2023 9:46 AM IST
The initial public offering (IPO) of Netweb Technologies India kicks-off for subscription on Monday as the company sells its shares in the price band of Rs 475-500 apiece in the lot size of 39 equity shares and its multiples thereafter. The three-day stake sale will conclude on Wednesday. Netweb has demonstrated exceptional performance in the FY23 and has positioned itself strongly among its peers. It is one of the few players in India that provides a comprehensive range of high-performance computing products and solutions. Over the past three years, repeat customers have contributed approximately 85 per cent of the company's revenue, said Arihant Capital. "With its presence in government, defense, higher education, and research sectors, Netweb Technologies is well positioned for future growth. The company also has ambitions to expand its product portfolios and manufacturing facilities in order to establish a global presence. we recommend that investors Subscribe to the issue for the long term," it said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today)
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The initial public offering (IPO) of Netweb Technologies India kicks-off for subscription on Monday as the company sells its shares in the price band of Rs 475-500 apiece in the lot size of 39 equity shares and its multiples thereafter. The three-day stake sale will conclude on Wednesday. Netweb has demonstrated exceptional performance in the FY23 and has positioned itself strongly among its peers. It is one of the few players in India that provides a comprehensive range of high-performance computing products and solutions. Over the past three years, repeat customers have contributed approximately 85 per cent of the company's revenue, said Arihant Capital. "With its presence in government, defense, higher education, and research sectors, Netweb Technologies is well positioned for future growth. The company also has ambitions to expand its product portfolios and manufacturing facilities in order to establish a global presence. we recommend that investors Subscribe to the issue for the long term," it said.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today)
Also read: HDFC Bank Q1 results today. Earnings preview, share price target & more
Also read: Bandhan Bank share price targets see steep cuts post Q1 results. Here's why