NetWeb Technologies India Limited is coming out with an IPO for an issue size of Rs. 631 crores.
The IPO comprises of –
- a fresh issue of equity shares aggregating up to Rs. 206 crores, and
- offer for sale (OFS) component for 85 lakh shares aggregating to Rs. 425 crores
The face value of each NetWeb Technologies India Limited equity share is Rs. 2.
Mr. Sanjay Lodha, Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha are the promoters of the company.
The promoter and its nominees collectively hold 94.89% of the pre-issue shares issued. Post IPO the promoter’s shareholding will come down to 75.45%.
The book-running lead managers of the public offering are Equirus Capital Private Limited and IIFL Securities Limited. And the registrar for the issue is Link Intime India Private Limited.
NetWeb Technologies India Limited IPO Details
| Particulars | Details |
| IPO Opening date | 17 July 2023 |
| IPO Closing date | 19 July 2023 |
| IPO Price | Rs. 475 to Rs. 500 |
| Lot size | 30 shares |
| Issue size | Rs. 631 Cr |
| No. of fresh shares | 41.20 lakh shares aggregating to Rs. 206 crores |
| Offer for Sale | 85,00,000 shares aggregating to Rs. 425 crores |
| Listing on | BSE and NSE |
NetWeb Technologies India Limited IPO Timetable
| Particulars | Details |
| IPO Opening date | 17 July 2023 |
| IPO Closing date | 19 July 2023 |
| Basis of Allotment date | 24 July 2023 |
| Credit of Share | 26 July 2023 |
| Listing date | 27 July 2023 |
Here is the list of other upcoming IPOs in India.
NetWeb Technologies India Limited Overview
NetWeb Technologies India Limited Ltd was incorporated in the year 1999.
NetWeb Technologies is one of India’s leading high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities.
HCS offerings comprise
- high-performance computing (Supercomputing / HPC) systems;
- private cloud and hyper-converged infrastructure (HCI)
- AI systems and enterprise workstations
- high-performance storage (HPS / Enterprise Storage System) solutions
- data center servers; and
- software and services
In terms of the number of HPC installations, NetWeb Technologies is one of the most significant OEMs in India.
Until May 31, 2023, the company has installed –
- 300+ Supercomputing systems
- 50+ private clouds and HCI installations
- 4,000+ accelerator / GPU-based AI systems and enterprise workstations; and
- HPS solutions with throughput storage of up to 450 GB/ sec.
NetWeb Technologies India Limited Ltd caters to customers across various end-user industries such as information technology, entertainment and media, banking, financial services and insurance (BFSI).
They also serve the national data centers and government entities in the defense sector, education and research development institutions such as the Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited (NMDC Data Centre),
NetWeb Technologies has a manufacturing unit located in Faridabad, Haryana which is equipped with capabilities to design, develop, manufacture and test our products.
In addition to the registered office in Faridabad, the company has 16 offices across India
NetWeb Technologies India Limited GMP
Grey Market Price (GMP) information is available approximately 4-5 days before the IPO opens and persists until the listing date.
For NetWeb Technologies India Limited Ltd IPO, we have already obtained GMP data for the past 3 days, which should provide a reasonable indication of price upon listing.
GMP serves as an effective reflection of the true narrative surrounding a stock. But you need to take precautions because GMP is not an official price and only an indicative value.
Below is a brief summary of the GMP for NetWeb Technologies India Limited Ltd for the last 4 days obtained from various sources on the internet.
| Date | GMP |
| 16 July 2023 | Rs. 380 |
| 15 July 2023 | Rs. 355 |
| 14 July 2023 | Rs. 342 |
| 13 July 2023 | Rs. 300 – Rs. 318 |
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NetWeb Technologies India Limited Subscription Data
| Date | QIB | NII | Retail | Employee | Total |
| Day – 1 July 17, 2023 | 0.03 | 3.61 | 3.00 | 6.60 | 2.33 |
| Day – 2 July 18, 2023 | 2.66 | 18.09 | 8.77 | 16.58 | 9.14 |
| Day – 3 July 19, 2023 | 228.91 | 81.81 | 19.15 | 53.13 | 90.36 |
NetWeb Technologies India Promoter Details
Mr. Sanjay Lodha, Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha are the promoters of the company.
The four promoters collectively hold 94.89% of the pre-issue shares issued.
The promoter, along with its nominees, holds an aggregate of 49,286,330 Equity Shares, comprising 94.89% of the pre-Issue issued, subscribed and paid-up Equity Share capital of the Bank
NetWeb Technologies India Company Financials
Key financials of NetWeb Technologies India Limited Ltd for the last 3 completed financial years is under. These include the fiscal years FY23, FY22 and FY21.
| Details | FY- 2023 | FY- 2022 | FY- 2021 |
| Revenue from operations | Rs. 444.9 cr | Rs. 247 cr | Rs. 142.7 cr |
| Cost of Goods Sold | Rs. 324.3 cr | Rs. 186.4 cr | Rs. 106.1 cr |
| Net Profit | Rs. 46.9 cr | Rs. 22.4 cr | Rs. 8.2 cr |
| Profit Margin | 10.55% | 9.09% | 5.76% |
| Return on Equity RoE | 68.01% | 67.85% | 46.41% |
| Return on Capital Employed (%) | 64.42% | 51.63% | 35.54% |
NetWeb Technologies India Limited Peer Comparison
NetWeb Technologies India Limited Limited peer comparison with similar listed entities (As on March 31, 2023).
| Bank | EPS Basic | EPS Diluted | NAV | P/E | RoNW |
| NetWeb Technologies India Limited Limited | 9.22 | 9.07 | 18.39 | – | 68.01% |
| Syrma SGS Technology Limited | 7.59 | 7.50 | 87.28 | 59.72 | 11.58% |
| Kaynes Technology India Limited | 19.84 | 19.61 | 165.17 | 76.77 | 16.36% |
| Dixon Technologies (India) Limited | 42.92 | 42.62 | 215.69 | 102.97 | 22.36% |
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NetWeb Technologies India – Objects of the Issue
NetWeb Technologies India Limited proposes to utilize the Net Proceeds from the Issue for –
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 their new SMT production line (SMT Line)
2. Funding their long-term working capital requirement
3. Repayment or pre-payment, in full or in part, of the outstanding borrowings
4. General corporate purposes.
As of June 26, 2023, NetWeb Technologies have sanctioned loan facilities aggregating ₹ 99.4 crores of which ₹ 71.3 crores is outstanding. The company proposes to utilize an estimated amount of ₹ 22.5 crores from the IPO money to repay/pre-pay the borrowings.
NetWeb Technologies India Issue size
Rs. 631 crores.
NetWeb Technologies India Limited IPO Is Worth?
NetWeb Technologies is one of India’s leading Indian-origin-owned and controlled OEMs for HCS with integrated design and manufacturing capabilities. Till date the company has deployed over –
- 300+ Supercomputing systems
- 50+ private clouds and HCI installations
- 4,000+ accelerator / GPU-based AI systems and enterprise workstations
The company has a long-standing relationship with a marquee and diverse customer base. They have significant product development and innovation through R&D.
It is one of India’s leading HCS providers and operates in a rapidly evolving and technologically advanced industry with high entry barriers.
NetWeb is run by an experienced senior management team with and track record of financial performance and consistent growth.
