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Netweb Technologies India IPO GMP, Price, Dates & Allotment Details 2023

Netweb Technologies India IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Netweb Technologies India IPO will open on July 17 and close on July 19, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 631 crores through this public issue.

Netweb Technologies Limited (“the Company”)

Netweb Technologies Limited was incorporated in 1999. It is one of India’s leading high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities. Its HCS offerings comprise

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

Company has undertaken installations of

  1. Over 300 Supercomputing systems,
  2. Over 50 private cloud and HCI installations;
  3. Over 4,000 accelerator- and GPU-based AI systems and enterprise workstations; and
  4. HPS solutions with throughput storage of up to 450 GB/sec

They design, manufacture, and deploy its HCS, which comprises proprietary middleware solutions, end-user utilities, and a precompiled application stack. Companies develop homegrown compute and storage technologies and deploy supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organizations, particularly under India’s National Supercomputing Mission. Further, thus far, two of its supercomputers have been listed 10 times in the world’s top 500 supercomputers.

The company has recently, in Fiscal 2023, forayed into developing new product lines, viz., Network Switches and 5G ORAN Appliances.

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding 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 the purchase of equipment and 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.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
NET WORTH94442214
TOTAL ASSETS26614911051
RESERVE AND SURPLUS8439168
TOTAL BORROWINGS36343115
TOTAL REVENUES446248144157
PROFIT AFTER TAX472284
(Amount in ₹ Crores)

IPO details

ISSUE TYPEBook Built Issue IPO
IPO PRICE₹ 475 to ₹ 500 per share
FACE VALUE₹ 2 per share
EMPLOYEE DISCOUNT₹ 25 per share
MARKET LOT30 Shares
ISSUE SIZE12,620,000 shares (aggregating up to ₹ 631 crores)
FRESH ISSUE4,120,000 shares (aggregating up to ₹ 206 crores)
OFFER FOR SALE8,500,000 shares (aggregating up to ₹ 425 crores)
LISTING ATBSE, NSE

IPO Reservation

CategoriesNo. of shares offered
QIB SHARES OFFEREDNot more than 50% of the net offer
NII (HNI) SHARES OFFEREDNot more than 15% of the offer
RETAIL SHARES OFFEREDNot more than 35% of the offer

Anchor Investors 

A total of 37,80,300 shares are offered to Anchor investors. The Anchor Investor lock-in period for 50% of equity shares is September 5, 2023, and December 5, 2023, for the remaining portion.

ANCHOR INVESTOR BID DATEJuly 14, 2023
ANCHOR PORTION SIZE₹ 189.02 crores (Shares offered * Upper Price)
ANCHOR LOCK-IN PERIOD END DATE (50% SHARES)September 5, 2023 (30 Days)
ANCHOR LOCK-IN PERIOD END DATE (REMAINING PORTION)December 5, 2023 (90 Days)

GMP: Netweb Technologies India IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Netweb Technologies IPO

The issue opens for subscription on July 17, 2023, and closes for subscription on July 19, 2023 (both days inclusive). The basis of allotment will be finalised on July 24, 2023, and the refunds will be initiated on July 25, 2023. In addition, the demat credits are expected to happen on July 26, 2023, and the stock will be listed on the BSE and NSE on July 27, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

OPENING DATEJuly 17, 2023,
CLOSING DATEJuly 19, 2023
BASIS OF ALLOTMENTJuly 24, 2023
INITIATION OF REFUNDJuly 25, 2023
A CREDIT OF SHARES TO DEMAT A/CJuly 26, 2023
LISTING DATEJuly 27, 2023

Lot Size

The lot size of the Netweb Technologies India IPO is 30 shares. A retail-individual investor can apply for up to 1 lot, i.e. 30 shares of ₹ 15,000.

ApplicationsLotsSharesAmount 
RETAIL (MINIMUM)130₹ 15,000
RETAIL (MAXIMUM)13390₹ 195,000
S-HNI (MINIMUM)14420₹ 210,000
S-HNI (MAXIMUM)661,980₹ 990,000
B-HNI (MINIMUM)672,010₹ 1,005,000

Promoters Holdings 

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

PRE-ISSUE SHARE HOLDING97.80%
POST-ISSUE SHARE HOLDINGS75.45%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationNetweb Technologies India Limited
Plot No H-1, Pocket 9, Faridabad Industrial Town (FIT), Sector-57, Ballabhgarh, Faridabad – 121004
Phone: +911292310416
Email: [email protected]
Website: https://netwebindia.com/index.html
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)• Equirus Capital Private Limited
• IIFL Securities Ltd

FAQs

The finalisation of the basis of allotment for the Netweb Technologies IPO will be done on July 24, 2023, and the allotted shares will be credited to your demat account by July 26, 2023. Check the Netweb Technologies IPO allotment status.

The Netweb Technologies IPO shares listing date is July 27, 2023.

The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.

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