Netweb Technologies India IPO will open for subscription from 17 July 2023. the company aims for an issue size of ₹631 Cr through this IPO.
Company Overview
| Full name | Netweb Technologies India Limited |
| Sector | Consumer Durables |
| Industry | IT-Hardware |
| Company Website | https://www.netwebindia.com/ |
About Company
The company is among India’s leading high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities. Its HCS offerings comprise (i) high-performance computing (Supercomputing / HPC) systems; (ii) private cloud and hyper-converged infrastructure (HCI); (iii) AI systems and enterprise workstations; (iv) high-performance storage (HPS / Enterprise Storage System) solutions; (v) data center servers; and (vi) software and services for our HCS offerings.
Between August 2016 and February 2023, it 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 designs manufactures and deploys its HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. It develops homegrown computing and storage technologies and deploys supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organizations under India’s National Supercomputing Mission.
The Objective of the Issue
- Funding capital expenditure requirements for civil construction of the building for the surface mount technology (SMT) line and interior development, and purchase of equipment/machinery for the new SMT production line (SMT Line),
- Funding of long-term working capital requirements,
- Repayment or pre-payment, in full or in part, of certain outstanding borrowings, and
- General corporate purposes.
IPO Timetable
| IPO Opening date | 17 July 2023 |
| IPO Closing | 19 July 2023 |
| Basis of Allotment | 24 July 2023 |
| Initiation Refund | 25 July 2023 |
| Credit to Demat Account | 26 July 2023 |
| Listing Date | 27 July 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹631 Cr – 12,620,000 shares |
| Fresh Issue | ₹206 Cr – 4,120,000 shares |
| Offer for sale | ₹425 Cr – 8,500,000 shares |
| Face value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot size | 30 Shares |
| Employee Discount | ₹ 25 per share |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹15,000 |
| Retail (Max) | 13 | 390 | ₹195,000 |
| S-HNI (Min) | 14 | 420 | ₹210,000 |
| S-HNI (Max) | 66 | 1,980 | ₹990,000 |
| B-HNI (Min) | 67 | 2,010 | ₹1,005,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 142.79 | 247.03 | 444.97 |
| Expenses | 133.19 | 217.71 | 382.69 |
| Net income | 8.17 | 22.55 | 46.94 |
| Margin (%) | 5.72 | 9.13 | 10.55 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.62 | 4.41 | 9.07 |
| PE ratio | – | – | 52.37 – 55.13 |
| RONW (%) | 46.41 | 67.85 | 68.01 |
| NAV | 4.28 | 8.71 | 18.39 |
| ROCE (%) | 35.54 | 51.63 | 64.42 |
| EBITDA (%) | 11.13 | 14.37 | 15.89 |
| Debt/Equity | 1.31 | 0.73 | 0.30 |
Company Promoters
- Mr. Sanjay Lodha
- Mr. Navin Lodha
- Mr. Vivek Lodha
- Mr. Niraj Lodha
Promoter Holding
| Pre Issue Share Holding | 97.80% |
| Post Issue Share Holding | 75.45% |
Lead Manager(s)
- Equirus Capital Private Limited
- IIFL Securities Ltd
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: yatharth.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
NETWEB TECHNOLOGIES LIMITED
Plot No H-1, Pocket 9,
Faridabad Industrial Town (FIT), Sector-57,
Ballabhgarh, Faridabad, Haryana – 121004
Phone: +91 – 1292310416
Email: complianceofficer@netwebindia.com
Website: www.netwebindia.com
Allotment Status
Netweb Technologies IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Netweb Technologies India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
