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Netweb Tech IPO allotment today: Here are two ways to check your application status

On Monday, Netweb Technologies India is set to decide on the basis for allocating its shares. Investors responded enthusiastically to the Rs 631 crore initial public offering of the high-end computing solution (HCS) provider during the three-day bidding. Thanks to the vigorous bidding of the QIB investors, the offer was ultimately subscribed more than 90 times.

Because of its specialized business model, investors responded extremely favorably to the major stake sale of Netweb Technologies, which was sold for between Rs. 475 and Rs. 500 per share. The issue was subscribed to 90.55 times in total.

The staggering 220.69 times that the quota set out for qualified institutional bidders (QIBs) was subscribed to was the greatest amount in more than ten years. The allotment for retail investors was subscribed 19.48 times, the piece for workers fetched 55.92 times bids, and the share for non-institutional bidders (NIIs) was booked 83.21 times.

Netweb Technologies was founded in 1999 and offers high-end computing solutions (HCS), including supercomputing/HPC systems, private clouds, and hyper-converged infrastructure (HCI), AI systems, business workstations, high-performance storage solutions, and servers, software, and services for data centers.

The listing-bound player, whose share price was last heard to be around Ra 350–360 on Friday, was reportedly commanding a premium of Rs 365–370 per share in the grey market. The premium for Netweb Technologies has reportedly remained high, according to the sources monitoring the grey market movements.

HCS from Netweb Technologies includes precompiled application stacks, proprietary middleware solutions, and end-user tools. To suit the needs of industry, research, and academia, it develops homegrown computation and storage technologies and implements supercomputing infrastructure.

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The majority of brokerage companies monitoring the issue continue to be bullish on it, noting its excellent company fundamentals, solid balance sheet, specialized market, and competitively fair valuations. Most of them have recommended making a bid for the problem.

The allotment status can be checked on the Bombay Stock Exchange (BSE) website at by investors who have placed a bid for the issue. They can choose the firm name and check Equity as the issue type to continue. Before ticking "I am not a Robot" and pressing submit, all that is needed are the application numbers and the PAN card ID.

If the allocation is complete, investors can choose the firm name from a list of alternatives on Link Intime's online portal (, the issue's registrar.  Before pressing the submit button, accurately fill out the captcha and the application number, demat account number, or PAN ID.

According to the prospectus, the registrar is a Sebi-registered organization that is authorized to function in that capacity, processes all applications electronically, and manages the allotment procedure. After the issue is finished, the registrar is in charge of adhering to the deadlines for updating the electronic credit of shares to successful applicants, sending and uploading refunds, and responding to any investor-related questions.

On Tuesday, July 25, reimbursements for bidders who did not receive an allocation in the IPO may begin. By Wednesday, July 26, other people who would receive shares might see the credit of shares in their Demat accounts. On Thursday, July 27, the IPO is most likely to list.


Daniel Jack

For Daniel, journalism is a way of life. He lives and breathes art and anything even remotely related to it. Politics, Cinema, books, music, fashion are a part of his lifestyle.