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
- high-performance computing (Supercomputing or HPC) systems;
- Private cloud and hyperconverged infrastructure (HCI);
- AI systems and enterprise workstations
- High-performance storage (HPS or Enterprise Storage System) solutions;
- Data center servers; and
- Software and services for our HCS offerings
Company has undertaken installations of
- Over 300 Supercomputing systems,
- Over 50 private cloud and HCI installations;
- Over 4,000 accelerator- and GPU-based AI systems and enterprise workstations; and
- 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:
- 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),
- Funding of long-term working capital requirements,
- Repayment or pre-payment, in full or in part, of certain outstanding borrowings, and
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| NET WORTH | 94 | 44 | 22 | 14 |
| TOTAL ASSETS | 266 | 149 | 110 | 51 |
| RESERVE AND SURPLUS | 84 | 39 | 16 | 8 |
| TOTAL BORROWINGS | 36 | 34 | 31 | 15 |
| TOTAL REVENUES | 446 | 248 | 144 | 157 |
| PROFIT AFTER TAX | 47 | 22 | 8 | 4 |
IPO details
| ISSUE TYPE | Book Built Issue IPO |
| IPO PRICE | ₹ 475 to ₹ 500 per share |
| FACE VALUE | ₹ 2 per share |
| EMPLOYEE DISCOUNT | ₹ 25 per share |
| MARKET LOT | 30 Shares |
| ISSUE SIZE | 12,620,000 shares (aggregating up to ₹ 631 crores) |
| FRESH ISSUE | 4,120,000 shares (aggregating up to ₹ 206 crores) |
| OFFER FOR SALE | 8,500,000 shares (aggregating up to ₹ 425 crores) |
| LISTING AT | BSE, NSE |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB SHARES OFFERED | Not more than 50% of the net offer |
| NII (HNI) SHARES OFFERED | Not more than 15% of the offer |
| RETAIL SHARES OFFERED | Not 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 DATE | July 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 DATE | July 17, 2023, |
| CLOSING DATE | July 19, 2023 |
| BASIS OF ALLOTMENT | July 24, 2023 |
| INITIATION OF REFUND | July 25, 2023 |
| A CREDIT OF SHARES TO DEMAT A/C | July 26, 2023 |
| LISTING DATE | July 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL (MINIMUM) | 1 | 30 | ₹ 15,000 |
| RETAIL (MAXIMUM) | 13 | 390 | ₹ 195,000 |
| S-HNI (MINIMUM) | 14 | 420 | ₹ 210,000 |
| S-HNI (MAXIMUM) | 66 | 1,980 | ₹ 990,000 |
| B-HNI (MINIMUM) | 67 | 2,010 | ₹ 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 HOLDING | 97.80% |
| POST-ISSUE SHARE HOLDINGS | 75.45% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company 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 |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: netwebtechnologies.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | • Equirus Capital Private Limited • IIFL Securities Ltd |
FAQs
When will the Netweb Technologies IPO allotment be available?
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.
When will the Netweb Technologies IPO list on exchanges?
The Netweb Technologies IPO shares listing date is July 27, 2023.
How many Netweb Technologies IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
