Netweb Technologies India Secures ₹1,200 Crore in Qualified Institutional Placement of Equity Shares
Netweb Technologies India Limited has successfully completed a Qualified Institutions Placement (QIP) of equity shares. The issue, which opened on August 17, 2026, and closed on August 20, 2026, resulted in the allotment of 25,05,219 Equity Shares to qualified institutional buyers.The placement, which aggregated to ₹ 1,200.00 Crore (Rupees One Thousand Two Hundred Crore), was conducted at an issue price of ₹ 4,790.00 per Equity Share. This price represented a premium of ₹ 4,788.00 per Equity Share and included a discount of ₹ 95.90 per Equity Share relative to the floor price.
The infusion of capital has increased the paid-up Equity Share capital of Netweb Technologies India Limited. The company's capital structure grew from ₹ 11,38,81,374, which comprised 5,69,40,687 Equity Shares, to ₹ 11,88,91,812, consisting of 5,94,45,906 Equity Shares.
Key Details of the Qualified Institutional Placement
A review of the placement details reveals the following:| Type of securities issued and allotted | Equity Shares |
|---|---|
| Type of issuance | Qualified Institutional Placement |
| Total no. of securities issued | 25,05,219 Equity Shares of face value of ₹ 2 each at an issue price of ₹ 4,790.00 per Equity Share (including a premium of ₹ 4,788.00 per Equity Share) |
| Total amount for which securities issued | ₹ 1,200.00 crore |
Major Institutional Investors Participate in the Issue
The placement attracted participation from several large institutions. The following table provides details on allottees who were granted more than 5% of the Equity Shares offered during the issue:| Allotee Name | No. of Equity Shares allotted | % of total Equity Shares offered in the Issue | Category |
|---|---|---|---|
| ICICI PRUDENTIAL FLEXICAP FUND | 1,92,709 | 7.69 | MUTUAL FUND |
| NOMURA INDIA INVESTMENT FUND MOTHER FUND | 3,28,064 | 13.10 | FOREIGN PORTFOLIO INVESTOR (CORPORATE) |
| GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO | 2,80,740 | 11.21 | FOREIGN PORTFOLIO INVESTOR (CORPORATE) |
| THINK INDIA OPPORTUNITIES MASTER FUND LP | 2,08,768 | 8.33 | FOREIGN PORTFOLIO INVESTOR (CORPORATE) |
| INVESCO INDIA FLEXI CAP FUND | 1,56,577 | 6.25 | MUTUAL FUND |
NETWEB Stock Price Movement
On Thursday, shares of Netweb Technologies India Limited surged, closing at ₹5419.8 after rallying 6.83% in single-day trading. The stock performance placed the equity near its annual peak, noting that the 52-week high stood at ₹5449.9.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.