REVISED
NetWeb Technologies IPO – Schedule *(FINAL – RHP Page #429)*
12th July – Announcement of Price Band
14th July – Anchor Investors Allotment
17th July – Offer Opens
19th July – Offer Closes
24th July – Finalisation of Basis of Allotment
25th July – Unblocking of funds from ASBA Account
26th July – Credit of Equity Shares to Demat accounts
27th July – Commencement of Trading
NetWeb Technologies IPO – Issue Information *(TENTATIVE)*
Issue Opens on: 17th July 2023
Issue Closes on: 19th July 2023
Issue Type: Book Built Issue IPO
Issue Size: 1,26,20,000 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.475 – Rs.500 Share *(TENTATIVE)*
Discount: ??/- (for Employees)
Market Lot: 30 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 5,19,43,980 Shares
Fresh Issue of 41,20,000 Shares @500/- = Rs.206Crs
Offer for Sale of 85,00,000 Shares @500/- = Rs.425Crs
Equity Shares outstanding after the Issue = 5,60,63,980 Shares
Category-wise Break up:
Anchor – 37,80,000 Shares = 189.00Crs
QIB – 25,20,000 Shares = 126.00Crs
B-NII (>10L) – 12,60,000 Shares = 63.00Crs (Lot size: 420 = 3,000 Forms)
S-NII (2L-10L) – 6,30,000 Shares = 30.50Crs (Lot size: 420 = 1,500 Forms)
RII (<2L) – 44,10,000 Shares = 220.50Crs (Lot size: 30 = 1,47,000 Forms)
Employees – 20,000 Shares = 1.00Crs (@500/-)
Total Issue – 1,26,20,000 Shares = 631.00Crs.
NetWeb Technologies IPO – Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated July 10, 2023 (506 pages)
EPS for FY20-21 >>> Rs.1.62 (Page #139 of RHP)
EPS for FY21-22 >>> Rs.4.41 (Page #139 of RHP)
*EPS for FY22-23 >>> Rs.9.07 (Page #139 of RHP)*
RoNW for FY20-21 >>> 46.41% (Page #140 of RHP)
RoNW for FY21-22 >>> 67.85% (Page #140 of RHP)
*RoNW for FY22-23 >>> 68.01% (Page #140 of RHP)*
NAV as on 31st March 2023, was Rs.18.39 (Page #140 of RHP)
Listed Industry Peer Group (Page #141 of RHP): Syrma SGS Technology, Kaynes Technology India, Dixon Technologies (India)
NetWeb Technologies IPO – *Required for 1X Subscription*:
Anchor = 189.00Crs
QIB = 126.00Crs
B-NII (>10L) Application = 3,000 Forms (for lotsize of 420)
S-NII (2L-10L) Application = 1,500 Forms (for lotsize of 420)
RII (<2L) Application = 1,47,000 Forms (for lotsize of 30)
NetWeb Technologies IPO – *Market’s Current Estimates of OverSubscription*:
QIB = 30K Crs. = ~238.10X
B-NII (>10L) = 45K Forms = 15.00X Applic. wise (Avg allotment ~28.00 shares)
S-NII (2L-10L) = 90K Forms = 60.00X Applic. wise (Avg allotment ~7.00 shares)
RII (<2L) Application = 25L Forms = 17.01X Applic. wise (Avg allotment ~1.76 shares)
Interest cost *@10.00%p.a.* for 7days = *95.89paise for 1X*
Thus,
for QIB the costing = 238.10 X 95.89 paise = Rs.228.31 per share (= GMP)
for B-NII (>10L) the costing = 28.00 X 228.31 = Rs.6,393/- per form
for S-NII (2L-10L) the costing = 7.00 X 228.31 = Rs.1,598/- per form
And, for RII (<2L) the costing = 1.76 X 228.31 = Rs.403/- (= Kostak)
NetWeb Technologies IPO – *GMP Estimated* (as on 11/July)
GMP = 335 +/- 5
KOSTAK:
for B-NII (>10L) = 9,400/-
for S-NII (2L-10L) = 2,350/-
for RII (<2L) = 575/-
SUBJECT TO ALLOTMENT:
for NII (>2L) (for lotsize of 420) = 1,10,000/-
for RII (<2L) (for lotsize of 30) = 8,000/-
NetWeb Technologies IPO – *Expected Delivery Volume on Listing Day*
Pre-opening = 20L shares (NSE + BSE)
EOD = 75L shares (NSE + BSE)
NetWeb Technologies IPO – Expected Listing
@800 +/- 25