Key Points
Shares of Netweb Technologies listed at a robust premium of over 89% on the exchanges on Thursday..
The IPO of Netweb, a leading high-end computing solutions (HCS) provider with fully integrated design and manufacturing capabilities, was subscribed 90.36 times at close...
The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times..
The company develops homegrown computing and storage technologies, deploying supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organisations...
For FY23, revenue from operations increased by 80% to Rs 445 crore, mainly due to an increase in sales, private cloud and HCI, and supercomputing systems..
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