Netweb Technologies India raises Rs 189 crore from anchor investors
Netweb Technologies India, a provider of edge computing solutions (HCS), has allotted shares worth Rs 189 crore to anchor investors. The Delhi-based company has allocated 3.78 million shares at Rs 500 each. Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF, HDFC MF and Nippon MF were among those receiving provisions.
Netweb has set 475-500 rupees as the price range for selling its first shares. The company’s IPO begins on July 17th and ends on July 19th. The IPO consists of a new fund raise of Rs 206 crore and an offer for sale of Rs 425 crore. Netweb plans to use the proceeds from the IPO to fund its capital expenditure requirements, which include building a Surface Mount Technology (SMT) line.
First published: July 15, 2023 | 12:30 am ist