Netweb Technologies India Limited has successfully concluded a Qualified Institutions Placement (QIP), raising ₹1,200 crore. The issue involved the allotment of 25,05,219 equity shares at an issue price of ₹4,790.00 per share. This capital infusion will bolster the company’s financial standing and facilitate future growth initiatives. The paid-up equity share capital has consequently increased to ₹11.88 crore, comprising 5,94,45,906 equity shares.
Netweb Technologies Completes ₹1,200 Crore QIP
Netweb Technologies India Limited announced the successful completion of its Qualified Institutions Placement (QIP), a significant fundraising initiative that garnered ₹1,200 crore (Rupees One Thousand Two Hundred Crore). The company’s Fund-Raising Committee approved the issue and allotment of 25,05,219 equity shares of face value ₹2 each.
Issue Details and Shareholder Impact
The equity shares were issued at a price of ₹4,790.00 per share, which includes a premium of ₹4,788.00 per share. This price represents a 1.96% discount to the floor price, as determined by the SEBI ICDR Regulations. Following the allotment, the company’s paid-up Equity Share capital has been enhanced from ₹11.38 crore (5,69,40,687 equity shares) to ₹11.88 crore (5,94,45,906 equity shares). The meeting of the Committee to approve these changes commenced at 10:45 PM and concluded at 11:00 PM on August 20, 2026.
Allottees Information
A detailed list of allottees who received more than 5% of the Equity Shares offered in the Issue is provided as an annexure to the filing. Key allottees include large mutual fund entities and foreign portfolio investors.
Source: BSE
