Netweb Technologies QIP allots 25 lakh shares at ₹4,790, raises ₹1,200 cr

QIP at a discountMarquee QIP investorFund Raising View source PDF Explain this filing

NETWEB · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.9%Reaction day

₹5411.00

prior close

₹5400.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.4%+2.5% vs market

IT Enabled Services peers, median of 78sector+0.4%+2.5% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Smallcap 250 and 2.5 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

+2.0

15m

+1.7

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.9+0.4+2.5+0.4+2.5

Next day

+0.4+0.2+0.2+0.2+0.2

-2.1+0.0-2.2-0.5-1.6

-2.3+0.6-2.9-0.7-1.6

-2.1+0.5-2.7-0.6-1.5

-1.6+0.9-2.5-0.1-1.5

-4.8+0.1-4.9-0.2-4.6

15d

-6.8+0.0-6.8-1.2-5.5

-12.8-0.3-12.5-0.9-11.9

-15.3-7.1-8.2-7.6-7.7

—————

UpDownMarket · Nifty Smallcap 250Sector · IT Enabled Services peers, median of 78Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Netweb Technologies allotted 25,05,219 equity shares to QIBs at ₹4,790 per share, raising ₹1,200 crore via a Qualified Institutional Placement. The issue priced at a 1.96% discount to floor price. Allottees include Goldman Sachs, Nomura India Investment Fund, ICICI Prudential funds, and Invesco. Paid-up equity capital rose from 5.69 crore to 5.94 crore shares.

Likely market impact

Fundraise done at a small discount to floor price. Roughly 4.4% equity dilution. Marquee institutional investors signal confidence.