Netweb Technologies India Limited has announced the successful closure of its Qualified Institutions Placement (QIP) issue on August 20, 2026. The company has allotted 25,05,219 equity shares at an issue price of ₹4,790.00 per share, including a premium of ₹4,788.00. This placement was conducted in accordance with SEBI regulations and the Companies Act, 2013.
Netweb Technologies Completes Qualified Institutions Placement
Netweb Technologies India Limited has announced the successful closure of its Qualified Institutions Placement (QIP) issue. The Fund Raising Committee of the company met on August 20, 2026, to finalize the details of this significant capital raise. The placement was conducted under Chapter VI of the SEBI ICDR Regulations and Sections 42 and 62 of the Companies Act, 2013.
Key Details of the Placement
The QIP, which opened on August 17, 2026, officially closed on August 20, 2026. The committee approved the allotment of 25,05,219 equity shares of face value ₹2 each to eligible qualified institutional buyers. The issue price was fixed at ₹4,790.00 per equity share, which includes a premium of ₹4,788.00 per share. This price represents a discount of ₹95.90 per share, or 1.96%, to the floor price of ₹4,885.90.
Placement Document and Confirmation
A placement document dated August 20, 2026, has been approved and adopted in connection with this issue. A copy of this document will be filed with the BSE Limited and the National Stock Exchange of India Limited. Furthermore, the company has approved and finalized the confirmation of allocation notes to be sent to the eligible qualified institutional buyers. A copy of this intimation is also available on the company’s website, www.netwebindia.com.
Meeting Schedule
The meeting of the Fund Raising Committee commenced at 10:15 PM and concluded at 10:25 PM on August 20, 2026.
Source: BSE
