Netweb Tech raises Rs 1,200 crore via QIP at 1.96% discount to floor price
NETWEB · price
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Netweb Technologies allotted 25.05 lakh equity shares at Rs 4,790 per share to qualified institutional buyers, raising Rs 1,200 crore. Issue closed on August 20, 2026 at a 1.96% discount to the floor price. Marquee allottees include Goldman Sachs India Equity Portfolio, Nomura India Investment Fund, ICICI Prudential Mutual Fund schemes, Think India Opportunities Master Fund, Edelweiss Mutual Fund and Invesco India Flexi Cap Fund. Paid-up share capital increased to Rs 11.88 crore from Rs 11.38 crore.
About 4.4% dilution for existing holders, but strong demand from top global and domestic institutions signals confidence. Funds to support growth plans.