Bookbuilding IPO | ₹631 Cr | Listed at BSE, NSE | Mon, Jul 17, 2023 - Wed, Jul 19, 2023
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 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹15,000 (30 shares) (based on upper price). 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 Open
Mon, Jul 17, 2023
IPO Close
Wed, Jul 19, 2023
Issue Price
₹500 per share
Market Cap (Pre-IPO)
₹2,803.20 Cr
| IPO Date | 17 to 19 Jul, 2023 |
| Listed on | Thu, Jul 27, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 |
| Issue Price | ₹500 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹25.00 |
| Total Issue Size | 1,26,21,000 shares (agg. up to ₹631 Cr) |
| Fresh Issue | 41,21,000 shares (agg. up to ₹206 Cr) |
| Offer for Sale | 85,00,000 shares of ₹2 (agg. up to ₹425 Cr) |
| Share Holding Post Issue | 5,50,43,980 shares |
| BSE Script Code / NSE Symbol | 543945 / NETWEB |
| ISIN | INE0NT901020 |
Netweb Technologies 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| 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 |
Netweb Technologies IPO raises ₹189.02 crore from anchor investors. Netweb Technologies IPO Anchor bid date is July 14, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jul 14, 2023 |
| Shares Offered | 37,80,300 |
| Anchor Portion (₹ Cr.) | 189.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 23, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 22, 2023 |
| 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 |
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 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 265.95 | 148.61 | 110.20 | 50.59 |
| Total Income | 445.65 | 247.94 | 144.29 | 157.23 |
| Profit After Tax | 46.94 | 22.45 | 8.23 | 3.91 |
| NET Worth | 93.67 | 44.37 | 21.82 | 13.65 |
| Reserves and Surplus | 83.48 | 38.71 | 16.15 | 7.99 |
| Total Borrowing | 35.60 | 34.48 | 30.54 | 15.23 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for: Civil construction of the building for the surface mount technology (SMT) line and interior development; and Purchase of equipment/machineries for our new SMT production line (SMT Line); | 32.29 |
| 2 | Funding our long term working capital requirement; | 128.02 |
| 3 | Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings; and | 22.50 |
| 4 | General corporate purposes. | 11.22 |
| KPI | |
|---|---|
| ROE | 68.01% |
| ROCE | 64.42% |
| Debt/Equity | 0.30 |
| RoNW | 68.01% |
| PAT Margin | 10.55% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.22 | |
| P/E (x) | 59.67 | |
| Promoter Holding | 97.80% | 75.45% |
| Market Cap | ₹2,803.20 Cr. |
The Netweb Technologies India IPO is subscribed 90.55 times on July 19, 2023 7:02:00 PM (Day 3). The public issue subscribed 19.48 times in the retail category, 220.69 times in the QIB category, and 83.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 220.69 | 25,20,200 | 55,61,85,540 |
| NII | 83.21 | 18,90,150 | 15,72,86,220 |
| bNII (bids above ₹10L) | 88.29 | 12,60,100 | 11,12,50,980 |
| sNII (bids below ₹10L) | 73.07 | 6,30,050 | 4,60,35,240 |
| Retail | 19.48 | 44,10,350 | 8,59,18,110 |
| Employee | 55.92 | 19,000 | 10,62,510 |
| Total | 90.55 | 88,39,700 | 80,04,52,380 |
Total Application : 22,57,771
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 20.34 |
| 2 | Brokerage, selling commission, upload fees, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, SCSBs, RTAs and CDPs | 1.67 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Other expenses: i. Fees payable to legal counsel, Statutory Auditor, Independent Chartered Accountant, Independent Chartered Engineer and Frost & Sullivan; ii. Listing fees, SEBI filing fees, book building software fees and other regulatory expenses including expenses towards Depository charges; iii. Printing and despatch of Offer stationery expenses; iv. Advertising and marketing expenses for the Offer; and v. Miscellaneous | 14.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹500.00 | ₹500.00 |
| Open | ₹942.50 | ₹947.00 |
| Low | ₹875.60 | ₹876.05 |
| High | ₹953.00 | ₹952.00 |
| Last Trade | ₹910.50 | ₹910.40 |
Lead Manager Reports
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 Crores. The issue is priced at ₹500 per share. The minimum order quantity is 30.
The IPO opens on Mon, Jul 17, 2023, and closes on Wed, Jul 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 Mon, Jul 17, 2023 and closes on Wed, Jul 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 Wed, Jul 26, 2023. Check the Netweb Technologies IPO allotment status.
The Netweb Technologies IPO listing date is on Thu, Jul 27, 2023.
