New Delhi, Jul 27 (PTI) Shares of Netweb Technologies on Thursday got listed on bourses with a huge premium of 89 per cent over its issue price of Rs 500.

The stock listed at Rs 947, reflecting a steep jump of 89.4 per cent on the NSE. On the BSE, the scrip made its debut at Rs 942.50, witnessing a sharp uptick of 88.50 per cent.

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The initial public offering (IPO) of Netweb Technologies last week received a whopping 90.36 times subscription.

The Rs 631-crore initial share sale had a price range of Rs 475-500 apiece.

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Delhi NCR-based Netweb Technologies is a leading high-end computing solutions providers. It is one of the few original equipment manufacturers in the country and a recipient of the central government's production-linked incentives scheme.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)