Listing Details
- Listing Exchange BSE, NSE
- Listing Date 27-Jul-23
- IPO Price Range ₹475
- Listing Price ₹942.5
- Listing Change 88.5 %
- Last Traded Price ₹2163.35
- Current Change 332.7 %
Netweb Technologies IPO Details
- Open Date 17-Jul-23
- Close Date 19-Jul-23
- Lot Size 30
- IPO Size ₹ 631 Cr
- IPO Price Range ₹ 475 to ₹500
- Min Investment ₹ 14250
- Listing Exchange BSE, NSE
- Basis of Allotment 24-Jul-23
- Refunds 25-Jul-23
- Credit to Demat Account 26-Jul-23
- Listing Date 27-Jul-23
Netweb Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 17-Jul-23 | 0.03 | 3.70 | 3.13 | 2.38 |
| 18-Jul-23 | 2.57 | 18.47 | 9.04 | 9.23 |
| 19-Jul-23 | 220.69 | 83.19 | 19.38 | 90.50 |
Netweb Technologies IPO Synopsis
Netweb Technologies IPO is all set to open from 17th July to 19th July 2023. Netweb Technologies is a computing solutions provider and is launching a fresh issue of 8,500,000 shares (worth ₹206 crores). The share allotment date is 24th July, and the IPO will be listed on 27th July on the stock exchanges. The price band is ₹475 to ₹500 and IPO size is 30 shares.
Equirus Capital Private Limited and IIFL Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of the Issue
Netweb Technologies plans to utilize the raised capital from IPO to:
• ₹22.50 crores: Debt repayment
• ₹32.29 crores: Capital requirements
• ₹128 crores: Long-term working capital requirements
Netweb Technologies IPO Video:
About Netweb Technologies
Netweb Technologies operates in the business of high-end computing solutions (HCS). Its diverse product range includes private cloud and HCI solutions, supercomputing systems, enterprise workstations, AI systems, HPS solutions, and data center servers.
The company raised ₹51 crores on 3rd July 2023 via the institutional funding route in a pre-IPO placement.
Peer Comparison
• Syrma SGS Technology Limited
• Dixon Technologies (India) Limited
• Kaynes Technology India Limited
For More Information:
Webstory on Netweb Technologies IPO
Netweb Technologies IPO GMP
Netweb Technologies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 4449.72 | 2470.33 | 1427.87 |
| EBITDA | 3826.87 | 2177.14 | 1331.90 |
| PAT | 469.36 | 224.53 | 82.30 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 2659.50 | 1486.06 | 1101.95 |
| Share Capital | - | - | - |
| Total Borrowings | 1722.84 | 1042.36 | 883.78 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 271.32 | 51.87 | -98.67 |
| Net cash from / (used in) investing activities | -140.21 | -54.66 | -18.65 |
| Net cash flow from / (used in) financing activities | -80.45 | 2.81 | 117.58 |
| Net increase (decrease) in cash and cash equivalents | 50.66 | 0.02 | 0.26 |
Netweb Technologies IPO Key Points
-
Strengths
1. Netweb provides solutions to a range of industries, including BFSI, IT, and Entertainment.
2. It also offers computing services to research institutions and government entities.
3. Netweb Technologies ranks among the top 500 companies globally for manufacturing supercomputers.
4. The company is one of the Original equipment manufacturers (OEMs) to be eligible under the Government of India’s IT Hardware PLI Scheme for using production-linked incentives, which allows them to undertake server manufacturing.
5. Netweb is also eligible for Telecom and Networking PLI Scheme, which allows them networking and telecom manufacturing and gives them a competitive edge.
6. Its consumer base includes domestic and MNCs based in India as well as in EMEA.
-
Risks
1. Netweb is dependent on its top ten clients and a few product offerings for generating revenue. This concentration can impact the company adversely in case clients/demand change.
2. A large share of company orders comes from government/government-related entities via tender. Any failure to bid or achieve a contract can impact the profitability of the company.
3. The cash flow from operating activities has been negative in recent years.
4. Working capital demand is high, and if the company cannot raise funding, the same can impact its operation adversely.
5. A highly competitive industry.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Netweb Technologies IPO FAQs
What is the price band of the IPO?
The Price band of the IPO is ₹475 to ₹500.
What is the minimum lot size required for the Netweb Technologies IPO?
The minimum lot size of this Netweb Technologies IPO is 30 shares required is ₹14,250.
When does the Netweb Technologies IPO issue open and close?
The Netweb Technologies IPO opens on July 17, 2023, and closes on July 19, 2023.
What is the size of the Netweb Technologies IPO issue?
The Netweb Technologies IPO comprises a total issue of 8,500,000 shares (aggregating up to ₹206.00 Cr).
What is the allotment date of Netweb Technologies IPO?
The allotment date of Netweb Technologies IPO is 24th July 2023.
What is the Netweb Technologies IPO listing date?
The Netweb Technologies IPO listing date is 27th July 2023.
Who are the book runners for Netweb Technologies IPO?
Equirus Capital Private Limited and IIFL Securities Limited are the book-running lead managers for this IPO.
What is the objective of Netweb Technologies IPO?
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Debt repayment
2. Funding Capital requirements
3. Meet the long-term working capital requirement
How to apply for the Netweb Technologies IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for Netweb Technologies IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
Contact Details of Netweb Technologies IPO
Contact Information
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
Netweb Technologies IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: netwebtechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Netweb Technologies IPO Lead Manager
Equirus Capital Private Limited
IIFL Securities Ltd.