Netweb Technologies IPO Allotment

Netweb Technologies IPO Allotment Today: Check Your Application Status in Two Easy Ways


Introduction:

The IPO of Netweb Technologies, valued at Rs 631 crore, received an overwhelming response from investors during the bidding process held from July 17 to July 19. Now, as the company prepares to finalize the basis of share allotment, here are two simple and convenient methods to check your application status.



Body:

1. Check on Bombay Stock Exchange (BSE) Website:

To ascertain your IPO allotment status, follow these steps on the BSE website (https://www.bseindia.com/investors/appli_check.aspx):

a) Select "Equity" as the issue type.

b) Choose the company name, "Netweb Technologies India."

c) Enter your application number and PAN card ID.

d) Complete the "I am not a Robot" verification.

e) Click on "Submit" to view your allotment status.


2. Check on Link Intime Online Portal:

Alternatively, you can check your IPO allotment status on the Link Intime online portal (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. Follow these steps:

a) Select the company name, "Netweb Technologies India," from the provided options.

b) Enter either your application number, demat account number, or PAN ID accurately.

c) Fill in the captcha correctly.

d) Click on "Submit" to access your allotment status.


Remember, Link Intime is a SEBI-registered entity responsible for processing all applications and conducting the allotment process. The registrar ensures compliance with timelines for updating shares to successful applicants and handling investor queries post-issue completion.


Expected Timeline for Allotment and Listing:

For those who did not receive an allotment in the IPO, refund initialization is anticipated on Tuesday, July 25. On the other hand, successful allottees can expect the credit of shares in their Demat accounts by Wednesday, July 26. The IPO listing is likely to take place on Thursday, July 27.


Conclusion:

With the Netweb Technologies IPO witnessing substantial oversubscription and garnering positive reviews from brokerage firms, investors are eagerly awaiting the allotment results. Use the aforementioned user-friendly methods to quickly check your application status and stay tuned for further updates as the IPO listing date approaches. Happy investing!

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