Netweb Technologies India Completes Qualified Institutional Placement Allocation
Netweb Technologies India Limited announced the outcome of its Fund Raising Committee meeting, confirming the closure and allocation details for the Qualified Institutions Placement (QIP) of equity shares. The Issue concluded on August 20, 2026, following the receipt of application forms and necessary funds from eligible qualified institutional buyers.The Committee determined and approved the allocation of 25,05,219 Equity Shares to the participating qualified institutional buyers. These shares were allotted at an issue price of ₹ 4,790.00 per Equity Share. This pricing structure included a premium of ₹ 4,788.00 per Equity Share and was established at a discount of ₹ 95.90 per Equity Share against the floor price of ₹ 4,885.90 per Equity Share.
The placement document related to the Issue, dated August 20, 2026, was also approved by the Committee. Netweb Technologies Technologies confirmed that this document provides complete details regarding the transaction.
Details of the allocation and pricing are presented below:
| Parameter | Value |
|---|---|
| Total Equity Shares Allocated | 25,05,219 |
| Issue Price per Share | ₹ 4,790.00 |
| Premium per Share | ₹ 4,788.00 |
| Floor Price per Share | ₹ 4,885.90 |
| Discount from Floor Price | ₹ 95.90 (1.96%) |
The company confirmed that the Fund Raising Committee had approved and finalized the confirmation of allocation notes intended for the eligible qualified institutional buyers. These notes will communicate the specific allotment of Equity Shares pursuant to the completed Issue. The meeting of the committee commenced at 10:15 PM and concluded at 10:25 PM.
NETWEB Stock Price Movement
Netweb Technologies India Limited surged on Thursday, closing at ₹5419.8 after shares gained 6.83%. This powerful advance saw the stock hit its 52-week high, with total traded volume registering 4.46 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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