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Netweb Technologies India IPO is a book built issue of Rs 631.00 crores. The issue is a combination of fresh issue of 0.41 crore shares aggregating to Rs 206.00 crores and offer for sale of 0.85 crore shares aggregating to Rs 425.00 crores.
Netweb Technologies India IPO bidding started from July 17, 2023 and ended on July 19, 2023. The allotment for Netweb Technologies India IPO was finalized on Monday, July 24, 2023. The shares got listed on BSE, NSE on July 27, 2023.
Netweb Technologies India IPO price band is set at ₹475 to ₹500 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹210,000, and for bNII, it is 67 lots (2,010 shares), amounting to ₹1,005,000.
The issue includes a reservation of up to 19,000 shares for employees offered at a discount of Rs 25 to the issue price.
Equirus Capital Private Limited and Iifl Securities Ltd are the book running lead managers of the Netweb Technologies India IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Netweb Technologies India IPO RHP for detailed information.
| IPO Date | July 17, 2023 to July 19, 2023 |
| Listing Date | July 27, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹475 to ₹500 per share |
| Lot Size | 30 Shares |
| Total Issue Size | 12,620,000 shares (aggregating up to ₹631.00 Cr) |
| Fresh Issue | 4,120,000 shares (aggregating up to ₹206.00 Cr) |
| Offer for Sale | 8,500,000 shares of ₹2 (aggregating up to ₹425.00 Cr) |
| Employee Discount | Rs 25 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding post issue | 55,043,980 |
Netweb Technologies India IPO offers 12,620,000 shares. 2,520,200 (19.97%) to QIB, 1,890,150 (14.98%) to NII, 4,410,350 (34.95%) to RII, 19,000 (0.15%) to employees 3,780,300 (29.95%) to Anchor investors. 147,011 RIIs will receive minimum 30 shares and 1,500 (sNII) and 3,000 (bNII) will receive minimum 420 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,780,300 (29.95%) | NA |
| QIB Shares Offered | 2,520,200 (19.97%) | NA |
| NII (HNI) Shares Offered | 1,890,150 (14.98%) | |
| bNII > ₹10L | 1,260,100 (9.98%) | 3,000 |
| sNII < ₹10L | 630,050 (4.99%) | 1,500 |
| Retail Shares Offered | 4,410,350 (34.95%) | 147,011 |
| Employee Shares Offered | 19,000 (0.15%) | NA |
| Total Shares Offered | 12,620,000 (100%) |
Netweb Technologies India IPO raises Rs 189.02 crore from anchor investors. Netweb Technologies India IPO Anchor bid date is July 14, 2023. Netweb Technologies India IPO Anchor Investors list
| Bid Date | July 14, 2023 |
| Shares Offered | 3,780,300 |
| 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 India IPO opens on July 17, 2023, and closes on July 19, 2023.
| IPO Open Date | Monday, July 17, 2023 |
| IPO Close Date | Wednesday, July 19, 2023 |
| Basis of Allotment | Monday, July 24, 2023 |
| Initiation of Refunds | Tuesday, July 25, 2023 |
| Credit of Shares to Demat | Wednesday, July 26, 2023 |
| Listing Date | Thursday, July 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 19, 2023 |
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
Mr. Sanjay Lodha, Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha are the promoters of the company.
| Share Holding Pre Issue | 97.80% |
| Share Holding Post Issue | 75.45% |
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 India IPO is Rs 2803.2 Cr.
| KPI | Values |
|---|---|
| ROE | 68.01% |
| ROCE | 64.42% |
| Debt/Equity | 0.3 |
| RoNW | 68.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.22 | |
| P/E (x) | 59.67 |
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...
The Netweb Technologies India IPO is subscribed 90.55 times on July 19, 2023 7:02:00 PM. 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) |
|---|---|
| QIB | 220.69 |
| NII | 83.21 |
| bNII (bids above ₹10L) | 88.29 |
| sNII (bids below ₹10L) | 73.07 |
| Retail | 19.48 |
| Employee | 55.92 |
| Total | 90.55 |
Total Application : 2,257,771 (15.36 times)
| Listing Date | July 27, 2023 |
| BSE Script Code | 543945 |
| NSE Symbol | NETWEB |
| ISIN | INE0NT901020 |
| Final Issue Price | ₹500 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹500.00 |
| ₹942.50 |
| ₹875.60 |
| ₹953.00 |
| ₹910.50 |
| NSE |
|---|
| ₹500.00 |
| ₹947.00 |
| ₹876.05 |
| ₹952.00 |
| ₹910.40 |
Netweb Technologies India Limited
Plot No H-1, Pocket 9,
Faridabad Industrial Town (FIT), Sector-57,
Ballabhgarh, Faridabad - 121004
Phone: +911292310416
Email: complianceofficer@netwebindia.com
Website: https://netwebindia.com/index.html
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: netwebtechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Netweb Technologies India IPO is a main-board IPO of 12,620,000 equity shares of the face value of ₹2 aggregating up to ₹631.00 Crores. The issue is priced at ₹475 to ₹500 per share. The minimum order quantity is 30 Shares.
The IPO opens on July 17, 2023, and closes on July 19, 2023.
Link Intime India Private 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 India IPO using UPI as a payment gateway. Zerodha customers can apply in Netweb Technologies India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Netweb Technologies India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Netweb Technologies India IPO opens on July 17, 2023 and closes on July 19, 2023.
Netweb Technologies India IPO lot size is 30 Shares, and the minimum amount required is ₹15,000.
You can apply in Netweb Technologies India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Netweb Technologies India 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 India IPO allotment status.
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