Netweb Technologies is a reputable technology solutions provider, specializing in server solutions, storage, and high-performance computing (HPC) offerings. This company calls the bustling city of New Delhi home, with 15 offices dispersed throughout India. Expanding their reach beyond national borders, they also have an established office in Singapore. The company Netweb Technologies IPO is coming with an Ipo lets know more.
Incorporated back in September 22, 1999, Netweb Technologies operates as an unlisted public company based in Faridabad, Haryana. They take immense pride in being one of the largest manufacturers of Supercomputing systems in India, boasting over 300 installed systems. These systems are custom-created with carefully chosen hardware designs and architecture in line with the specific needs and specifications of each client.
Beyond HPC solutions, Netweb Technologies also has its fingers in various other industry pies. They venture into the paper and paper product merchant wholesale sector, engage in computer and peripheral equipment manufacturing, and operate within machinery, equipment, and supplies merchant wholesale settings. Furthermore, they provide data processing supplies and manufacture computer storage devices.
Netweb Technologies is a diverse and dynamic tech firm with well-established roots in various aspects of the tech industry.
Netweb Technologies IPO Important Dates (Tentative)
| Event | Tentative Date |
|---|---|
| Opening Date | Monday, 17 July 2023 |
| Closing Date | Wednesday, 19 July 2023 |
| Basis of Allotment | Monday, 24 July 2023 |
| Initiation of Refunds | Tuesday, 25 July 2023 |
| Credit of Shares to Demat | Wednesday, 26 July 2023 |
| Listing Date | Thursday, 27 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 19 July 2023 |
About the Company Netweb Technologies
Netweb Technologies is one of India’s leading high-end computing solutions providers, with fully integrated design and manufacturing capabilities. Their High Computing Solutions (HCS) offerings include High-Performance Computing (HPC), Private Cloud, Hyper-Converged Infrastructure (HCI), AI systems, enterprise workstations, High-Performance Storage (HPS), and Data Center Servers. With over 20 years of experience, the company has helped thousands of businesses globally, specializing in customer-centric solutions.
Netweb Technologies focuses on delivering the best solutions and services customized to the requirements of each business, backed up by the expertise of their in-house professionals. By emphasizing data-driven insights, Netweb helps its clients make well-informed business decisions, thus demonstrating a strong commitment to empowering companies with state-of-the-art computing solutions.
Netweb Technologies IPO Details (All)
| IPO Details | Description |
|---|---|
| IPO Date | Jul 17, 2023 to Jul 19, 2023 |
| Listing Date | To be announced |
| Face Value | ₹2 per share |
| Price | ₹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 pre issue | 50,923,980 |
| Share holding post issue | 55,043,980 |
Netweb Technologies IPO Share Allocation
| Reservation Categories | Description |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
Note:
- QIB refers to Qualified Institutional Buyers.
- NII refers to Non Institutional Investors, also known as High Networth Investors (HNI).
- Retail investors are individual investors who buy and sell securities for their personal accounts.
Promoter Holding Details of Netweb Technologies IPO
| Promoter Holding Details | Description |
|---|---|
| Promoters | Mr. Sanjay Lodha, Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha |
| Pre Issue Share Holding | 97.80% |
| Post Issue Share Holding | 75.45% |
Financials of Netweb Technologies
| 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 |
Please note that all amounts are in ₹ Crores. Also, it is recommended to check the company’s official financial statements for the most accurate and up-to-date information.
Netweb Technologies India 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 |
Retail (Max): This indicates the maximum application for retail investors.
S-HNI (Min): This stands for minimum application for Small High Networth Individual.
S-HNI (Max): This stands for maximum application for Small High Networth Individual.
B-HNI (Min): This stands for minimum application for Big High Networth Individual.
Netweb Technologies IPO GMP, Grey Market Premium Today
As per sources on 15th July 2023( subject to change according to market conditions ) :
| Item | Value |
|---|---|
| IPO Grey Market Premium (GMP) | ₹325 |
| Kostak Rate | ₹450 |
| Subject to Sauda | ₹5500 |
| Expected Return Rate | 65% |
“Objective of the Issue” of Netweb Technologies IPO
| Object of the Issue | Description |
|---|---|
| Capital Expenditure | Funds will be used for civil construction of the building for the Surface Mount Technology (SMT) line and interior development, along with the purchase of equipment/machinery for the new SMT production line. |
| Long-term Working Capital | Funds will be used to meet long-term working capital requirements. |
| Repayment/Prepayment of Borrowings | Funds will be utilized to repay or prepay, in full or in part, certain outstanding borrowings. |
| General Corporate Purposes | The remainder of the funds will be used for general corporate purposes. |
Netweb Technologies India IPO Registrar
Name: Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: netwebtechnologies.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
For any IPO related queries, you can contact Link Intime India Private Ltd using the provided phone number, email address, or visit their website.
Investment Disclaimer
Please note that all investment strategies carry a certain risk, and the information provided should not be considered as financial advice. Before deciding to invest, it is recommended to carefully consider your investment objectives, level of experience, and risk appetite.
Remember, the value of investments and the income derived from them can go down as well as up; you may not get back all that you invested. Therefore, you should never invest money that you cannot afford to lose.
Before making any investment, you should consult with a licensed, professional financial advisor and undertake a thorough review of the legal, regulatory, credit, tax, and accounting implications. This information is intended for informational purposes only, and it does not constitute an offer, proposition, or solicitation to purchase securities.
Invest wisely and always seek professional advice before making any investment decision.
READ MORE :
- “Interest on Late Payment of TDS”: Tax Deducted At Source
- Indian Banking System – Unlocking Opportunities and Overcoming Challenges
- “Insurance Wisdom 101 : Significance, Thoughtful Decision-Making, and Consistent Coverage Reviews”
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) : What , Why & How
