Netweb Applied sciences India raises Rs 189 crore from anchor traders

Netweb Applied sciences India, a high-end computing options (HCS) supplier, allotted shares price Rs 189 crore to anchor traders. The Delhi-based agency allotted 3.78 million shares at Rs 500 apiece. Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF, HDFC MF and Nippon MF had been amongst those that obtained an allotment. 

Netweb has set Rs 475-500 as the value band for its maiden share sale. The corporate’s IPO opens on July 17 and closes on July 19. The IPO consists of a contemporary fund elevate of Rs 206 crore and an offer-for-sale of Rs 425 crore. Netweb plans to make use of the IPO proceeds for funding capital expenditure necessities, which incorporates constructing a floor mount know-how (SMT) line.