NEW DELHI: Netweb Technologies India Ltd has successfully raised ₹1,200 crore through a Qualified Institutional Placement (QIP). The company's fund-raising committee approved the allotment of 25,05,219 equity shares at a price of ₹4,790 per share during a late-night meeting on August 20, 2026. The issue price represents a 1.96 per cent discount to the floor price.
The QIP attracted significant participation from a combination of foreign portfolio investors and domestic mutual funds. Nomura India Investment Fund Mother Fund emerged as the single largest allottee, acquiring 3,28,064 shares which account for 13.10 per cent of the total issue. Goldman Sachs Funds and Goldman Sachs India Equity Portfolio followed, receiving 2,80,740 shares or 11.21 per cent of the issue. Additionally, Think India Opportunities Master Fund LP was allotted 2,08,768 shares, representing 8.33 per cent.
On the domestic front, schemes managed by ICICI Prudential Mutual Fund collectively secured 16.67 per cent of the issue on a PAN-clubbed basis, with its Flexicap Fund accounting for 1,92,709 shares. Invesco India Flexi Cap Fund was allotted 1,56,577 shares, making up 6.25 per cent of the offering.
Following this allotment, Netweb’s paid-up equity share capital expanded from ₹11,38,81,374, comprising 5,69,40,687 shares, to ₹11,88,91,812, comprising 5,94,45,906 shares. These equity shares carry a face value of ₹2 each and were issued at a premium of ₹4,788 per share.
The market responded positively to the development. Netweb’s stock surged 4.14 per cent on the National Stock Exchange (NSE) to close at ₹5,644, after touching a fresh 52-week intraday high of ₹5,674.80. Trading activity remained robust with a traded value of ₹1,927.94 crore on the day, reflecting strong institutional and retail interest.
Over the past year, the company's stock has delivered a return of 173.40 per cent and an 83.62 per cent return year-to-date, significantly outperforming the NIFTY 500 benchmark, which returned 1.65 per cent and 1.63 per cent over the same respective periods. Netweb Technologies currently commands a total market capitalisation of approximately ₹32,137 crore.
"The successful completion of Netweb Technologies' ₹1,200 crore QIP highlights the strong confidence that both foreign portfolio investors and domestic mutual funds hold in the company's growth trajectory. Securing capital from marquee names like Nomura, Goldman Sachs, and ICICI Prudential demonstrates robust institutional backing. When a major fundraising event aligns with heavy trading volumes and a stock hitting a 52-week high, it reflects a healthy market valuation and sustained investor appetite for established technology players in the Indian ecosystem." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
