Investment20 Aug 2026, 11:00 pm
Netweb Technologies Closes QIP Issue, Allots 25.05 Lakh Shares at ₹4,790
AI Summary
Netweb Technologies India Ltd has announced the successful closure of its Qualified Institutions Placement (QIP) issue. The Fund Raising Committee approved the closure on August 20, 2026, after receiving applications and funds from eligible qualified institutional buyers. The company will allot 25,05,219 equity shares at an issue price of ₹4,790.00 per share, which represents a discount of 1.96% to the floor price. The placement document has been approved and will be filed with the stock exchanges. This move is part of the company's fundraising efforts as per SEBI ICDR Regulations.
Key Highlights
- QIP issue closed on August 20, 2026.
- 25,05,219 equity shares allotted at ₹4,790 per share.
- Issue price is at a 1.96% discount to the floor price.
- Placement document approved and to be filed with exchanges.
Price Impact
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