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Netweb Technologies IPO is a book build issue of ₹631.00 crores. The issue is a combination of fresh issue of 0.41 crore shares aggregating to ₹206.03 crores and offer for sale of 0.85 crore shares aggregating to ₹424.97 crores.
Netweb Technologies IPO bidding started from Jul 17, 2023 and ended on Jul 19, 2023. The allotment for Netweb Technologies IPO was finalized on Jul 24, 2023. The shares got listed on BSE, NSE on Jul 27, 2023.
Netweb Technologies IPO price band is set at ₹500.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,250 (30 shares). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹10,05,000.
The issue includes a reservation of up to 20,000 shares for employees offered at a discount of ₹25.00 to the issue price.
Equirus Capital Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Netweb Technologies IPO RHP for detailed Information.
| IPO Date | July 17, 2023 to July 19, 2023 |
| Listing Date | July 27, 2023 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹475 to ₹500 per share |
| Issue Price Final | ₹500 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,26,21,000 shares (aggregating up to ₹631.00 Cr) |
| Fresh Issue | 41,21,000 shares (aggregating up to ₹206.03 Cr) |
| Offer for Sale | 85,00,000 shares of ₹2 (aggregating up to ₹424.97 Cr) |
| Employee Discount | ₹25.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 5,50,43,980 shares |
Netweb Technologies India IPO offers total 1,26,21,000 shares. Out of which 63,00,500 (49.92%) allocated to QIB, 25,20,200 (19.97%) allocated to QIB, 18,90,150 (14.98%) allocated to NII, 44,10,350 (34.94%) allocated to RII and 37,80,300 (29.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 63,00,500 (49.92%) | NA |
| − Anchor Investor Shares Offered | 37,80,300 (29.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 25,20,200 (19.97%) | NA |
| NII (HNI) Shares Offered | 18,90,150 (14.98%) | NA |
| − bNII > ₹10L | 12,60,100 (9.98%) | 3,000 |
| − sNII < ₹10L | 6,30,050 (4.99%) | 1,500 |
| Retail Shares Offered | 44,10,350 (34.94%) | 1,47,011 |
| Employee Shares Offered | 20,000 (0.16%) | NA |
| Total Shares Offered | 1,26,21,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Netweb Technologies IPO raises ₹189.02 crore from anchor investors. Netweb Technologies IPO Anchor bid date is July 14, 2023. Netweb Technologies IPO Anchor Investors list
| Bid Date | July 14, 2023 |
| Shares Offered | 37,80,300 |
| Anchor Portion Size (In Cr.) | 189.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 22, 2023 |
Netweb Technologies IPO opens on July 17, 2023, and closes on July 19, 2023.
| IPO Open Date | Mon, Jul 17, 2023 |
| IPO Close Date | Wed, Jul 19, 2023 |
| Tentative Allotment | Mon, Jul 24, 2023 |
| Initiation of Refunds | Tue, Jul 25, 2023 |
| Credit of Shares to Demat | Wed, Jul 26, 2023 |
| Tentative Listing Date | Thu, Jul 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 19, 2023 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹1,95,000 |
| S-HNI (Min) | 14 | 420 | ₹2,10,000 |
| S-HNI (Max) | 66 | 1,980 | ₹9,90,000 |
| B-HNI (Min) | 67 | 2,010 | ₹10,05,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1999, Netweb Technologies India Limited provides high-end computing solutions (HCS).
Netweb Technologies' HCS offerings comprise:
Netweb Technologies designs, manufactures and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. It develops homegrown compute and storage technologies, and deploys supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organizations, particularly, under India's National Supercomputing Mission. Two of the company's supercomputers have been listed 10 times in the world's top 500 supercomputers.
As of February 28, 2023, the company has undertaken installations of over 300 Supercomputing systems, over 50 private cloud and HCI installations, over 4,000 accelerator / GPU-based AI systems and enterprise workstations, and HPS solutions with throughput storage of up to 450 GB/ sec.
Netweb Technologies caters to marquee customers across various end-user industries such as information technology, information technology-enabled services, entertainment and media, banking, financial services and insurance (BFSI), national data centres, and government entities including in the defence sector, education and research development institutions (Application Industries) such as Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited (NMDC Data Centre), Airamatrix Private Limited (Airamatrix), Graviton Research Capital LLP (Graviton), Institute of Nano Science and Technology (INST), HL Mando Softtech India Private Limited (HL Mando), Dr. Shyam Prasad Mukherjee International Institute of Information Technology, Naya Raipur (IIIT Naya Raipur), Jawaharlal Nehru University (JNU), Hemvati Nandan Bahuguna Garhwal University (Hemvati University), Akamai India Networks Private Limited (Akamai), A.P.T. Portfolio Private Limited (A.P.T.), and Yotta Data Services Private Limited (Yotta).
The company also caters to an Indian Government space research organization and an R&D organization of the Ministry of Electronics and Information Technology, Government of India which is involved in carrying out R&D in information technology and electronics and associated areas including Supercomputing.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 50.59 | 157.23 | 3.91 | 13.65 | 7.99 | 15.23 |
| 31-Mar-21 | 110.20 | 144.29 | 8.23 | 21.82 | 16.15 | 30.54 |
| 31-Mar-22 | 148.61 | 247.94 | 22.45 | 44.37 | 38.71 | 34.48 |
| 31-Mar-23 | 265.95 | 445.65 | 46.94 | 93.67 | 83.48 | 35.60 |
| Amount in ₹ Crore | ||||||
The market capitalization of Netweb Technologies IPO is ₹2803.20 Cr.
| KPI | Values |
|---|---|
| ROE | 68.01% |
| ROCE | 64.42% |
| Debt/Equity | 0.30 |
| RoNW | 68.01% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The financial performance speaks for itself for this company. It has a good order book worth Rs. 90+ cr. as of May 31, 2023. Based on FY23 financial data, the issue appears aggressively priced discounting all near-term positives. However, well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...
| Listing Date | July 27, 2023 |
| BSE Script Code | 543945 |
| NSE Symbol | NETWEB |
| ISIN | INE0NT901020 |
| Final Issue Price | ₹500 per share |
| BSE Listing Group | B |
Netweb Technologies India Ltd.
Plot No H-1, Pocket 9,
Faridabad Industrial Town (FIT), Sector-57,
Ballabhgarh, Faridabad - 121004
Faridabad, Haryana
Phone: +911292310416
Email: complianceofficer@netwebindia.com
Website: https://netwebindia.com/index.html
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: netwebtechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Netweb Technologies IPO is a main-board IPO of 1,26,21,000 equity shares of the face value of ₹2 aggregating up to ₹631.00 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 30.
The IPO opens on July 17, 2023, and closes on July 19, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Netweb Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Netweb Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Netweb Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Netweb Technologies IPO opens on July 17, 2023 and closes on July 19, 2023.
Netweb Technologies IPO lot size is 30, and the minimum amount required for application is ₹15,000.
You can apply in Netweb Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Netweb Technologies IPO will be done on Monday, July 24, 2023, and the allotted shares will be credited to your demat account by Wednesday, July 26, 2023. Check the Netweb Technologies IPO allotment status.
The Netweb Technologies IPO listing date is on Thursday, July 27, 2023.
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