Netweb Technologies IPO opens today for subscription
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.
At the upper end of the price band, the issue is valued at a P/E of 55.1x based on FY23 earnings which we feel is fairly valued. We, therefore, recommend a “Subscribe” rating for the issue," BP Wealth said
At the upper end of the price band, the issue is valued at a P/E of 55.1x based on FY23 earnings which we feel is fairly valued. We, therefore, recommend a “Subscribe” rating for the issue," BP Wealth said
Equirus Capital and IIFL Securities are the book-running lead managers and Link Intime India Private Limited is the registrar for the offer.