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Netweb Technologies India Limited IPO Detail

Netweb Technologies India Limited IPO Detail

Incorporated in 1999, Netweb Technologies India Limited provides high-end computing solutions (HCS).

Netweb Technologies' HCS offerings comprise:

  1. High-performance computing (Supercomputing / HPC) systems,
  2. Private cloud and hyper-converged infrastructure (HCI),
  3. AI systems and enterprise workstations,
  4. High-performance storage (HPS / Enterprise Storage System) solutions,
  5. Data center servers, and
  6. Software and services for our HCS offerings.

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.

Company Promoters

Mr. Sanjay Lodha, Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha are the promoters of the company.

IPO Details

IPO Opening DateJul 17, 2023
IPO Closing DateJul 19, 2023
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹475 - 500 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE, NSE
Issue Size₹631.00 Cr
Fresh Issue₹206.00 Cr
Offer for Sale₹425.00 Cr
Retail Portion 35.00%

IPO Subscription (Bidding Detail)

Day 1 0.03x 3.70x 3.13x 7.10x - 2.38x
Day 2 2.57x 18.46x 9.02x 17.87x - 9.22x
Day 3 220.69x 83.21x 19.48x 55.92x - 90.55x

IPO Tentative Timetable

The Netweb Technologies India Limited IPO open date is Jul 17, 2023, and the close date is Jul 19, 2023. The issue may list on Jul 27, 2023.

IPO Open DateJul 17, 2023
IPO Close DateJul 19, 2023
Basis of Allotment DateJul 24, 2023
Initiation of RefundsJul 25, 2023
Credit of Shares to Demat AccountJul 26, 2023
IPO Listing DateJul 27, 2023

IPO Lot Size

The Netweb Technologies India Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 13 lots (39000 shares or ₹19500000).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding97.80%
Post Issue Share Holding75.45%

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 110.20 144.29 8.23
31-Mar-22 148.61 247.94 22.45
31-Mar-23 265.95 445.65 46.94

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. 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),
  2. Funding of long-term working capital requirements,
  3. Repayment or pre-payment, in full or in part, of certain outstanding borrowings, and
  4. General corporate purposes.

Netweb Technologies India Limited IPO Registrar:

Link Intime India Private Ltd

Netweb Technologies India Limited IPO Lead Manager(s):

Equirus Capital Private Limited Iifl Securities Ltd

Company Contact Information:

Netweb Technologies India Limited

Plot No H-1, Pocket 9, Faridabad Industrial Town (FIT), Sector-57