Netweb Technologies IPO Launched Verify GMP, Membership Status, Other Details Here

Posted 2023/07/18 10 0

Netweb Technologies IPO : Netweb Technologies India, a computing solutions provider company has opened its Initial Public Offering (IPO) for public contracting. The IPO comprises a fresh issue of shares valued at Rs 206 crore ($27.7 million) and an offer-for-sale of 8.5 million shares.

Netweb Technologies IPO Lot Size 30 shares and retail investors can apply for up to 13 lots. Netweb Technologies IPO The IPO of computing solutions provider Netweb Technologies India opens for public application for tender contract on July 17. The IPO will be open for subscription for 3 days and will close on July 19.

In Netweb Technologies IPO, the company has fixed the price of a new share at Rs 475-500 per share. The company is expecting to raise Rs 631 crore through the IPO at the highest price band.

post public offer Netweb Technologies Share Will be listed on BSE and NSE on 27th July. The allotment of Netweb Technologies IPO is expected on July 24.

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The lot size of Netweb Technologies IPO is 30 shares and retail investors can apply for up to 13 lots. According to MPT, the gray market premium of Netweb Technologies IPO today is Rs 365 per share. This means that the shares of Netweb Technologies are trading at a premium of Rs 365 in the unique market.

Based on the IPO price and today’s GMP, Netweb Technologies share is expected to list at Rs 865 per share, which is a premium of 73%.

Netweb Technologies IPO – Should you apply?

Most analysts have ‘Subscribe’ rating to Netweb Technologies IPO due to business prospects, earnings growth and reasonable valuation.

Geojit Financial Services
At the highest price band of ₹500, Netweb Technologies is available at a P/E of 59.7x (FY23), which is generally accepted value compared to peers, Geojit Financial Services said.

“With efficient management, sustainable growth, expanded product portfolio, expanding geographical footprint and Digital India initiative by the government, Netweb Technologies The Indian IT industry is well placed to capitalize on the growth. Hence, we give “Subscribe” rating for the short to medium term,” it added.

Choice Broking
Choice Broking expects the company’s top line to grow at a CAGR of 37% to ₹835.4 crore in FY23-25. Economies of scale operations will drive EBITDA and PAT margins up by 132 bps and 162 bps, respectively, to 17.1% and 12.2% in the future.

“Considering the business opportunity and earnings growth of Netweb Technologies that do not have an equivalent peer in the trading at the listed ratio, we believe the valuations sought are reasonable,” said Choice Broking. Hence, he has given it a “Subscribe” rating.

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Marwari Shares And Finance

Marwari Shares & Finance has assigned a “Subscribe” rating to Netweb Technologies IPO as the company is one of India’s leading HCS providers, operating in a rapidly changing and technology advanced industry with high entry barriers to entry.

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“It is complemented by strong financial performance backed by a demonstrable track record of entrepreneurial results and sustainable growth and is available at reasonable valuations vis-à-vis its peers,” the brokerage said.

Even Marwari Shares & Finance assumes FY23EPS of ₹8.37 post period, the company will be listed at a P/E of 59.72x with a market cap of ₹28,032M, compared to peers Syrma SGS Technology, Kynes Technology India Ltd. and Dixon Technologies Ltd. are trading at P/E of 72x, 106x, 101x, note Marwari Shares & Finance.


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