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Netweb Technologies India Limited (NTIL) is a leading provider of IT solutions and services in India. The company offers a wide range of services, including IT infrastructure management, application development and maintenance, and cloud computing. NTIL is coming out with its maiden IPO, which is a combination of a fresh issue of equity shares and an offer for sale (OFS). The fresh issue is worth Rs. 206 crore, while the OFS is worth Rs. 425 crore. The total size of the IPO is Rs. 631 crore. The IPO is open for subscription from July 17 to 19, 2023. The shares are being offered at a price band of Rs. 475 to Rs. 500 per share. The proceeds from the IPO will be used to fund capital expenditure, long-term working capital, and repayment of certain borrowings. NTIL is a well-established company with a strong track record. The company has a large customer base and a diversified portfolio of services. NTIL is also well-positioned to benefit from the growing demand for IT services in India. More about Netweb Technologies India Limited IPO.
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