Key Points
The company is offering its shares in the price range of Rs 475-500, and at the upper end, the valuation is at a P/E of 55-59x..
The IPO will fetch Rs 631 crore at the upper end of the price band.ETMarkets.com..
The initial public offer (IPO) of high-end computing solutions (HCS) provider Netweb Technologies opened for public subscription on Monday.. The IPO, which closes on July 19, comprises a fresh equity issue of Rs 206 crore and an offer for sale (OFS) of 8.5 million equity shares...
Analysts say Netweb Technologies presents a unique business model and it is the only domestic company giving HCS offerings, which makes it stand out due to the lack of listed domestic and international players in the field...
"Though the issue appears lucratively priced based on FY23 performance, the managements sound understanding of the HCS segment, experienced board and senior management and significant product development are expected to drive growth," said Investmentz, assigning a subscribe rating to the issue...
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