Netweb Technologies India Limited IPO Reviews

5/5 - (1 vote)

Highend computing solutions (HCS) are offered by Netweb Technologies India Limited, a company founded in 1999.

The HCS services provided by Netweb Technologies include:

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

HCS from Netweb Technologies includes precompiled application stacks, proprietary middleware solutions, and end-user tools. Under India’s National Supercomputing Mission, it develops homegrown compute and storage technologies and builds supercomputing infrastructure to address the expanding computational demands of businesses, academia, and research organisations. Ten times in the top 500 supercomputers in the world, two of the company’s machines have been ranked.

By February 28, 2023, the business has installed more than 300 Supercomputing systems, more than 50 private clouds, more than 4,000 accelerator/GPU-based AI systems, enterprise workstations, and HPS solutions with throughput storage of up to 450 GB/sec.

Netweb Technologies serves high-profile clients in a variety of end-user industries, including the defence industry, banking, financial services, and insurance (BFSI), entertainment and media, national data centres, and educational and research institutions (Application Industries), including the Indian Institute of Technology (IIT) Jammu, IIT Kanpur, Institute of Nano Science and Technology (INST), Dr. Shyam Prasad Mukherjee International Institute of Information Technology, Naya Raipur (IIIT Naya Raipur), NMDC Data Centre Private Limited (NMDC Data Centre), Airamatrix Private Limited (Airamatrix), Graviton Research Capital LLP (Graviton), HL Mando Softtech India Private Limited (HL Mando), Jawaharlal Nehru University (JNU).

The company also provides services to the Indian Government’s space research organisation and the Ministry of Electronics and Information Technology, which conducts research and development in electronics, information technology, and related fields like supercomputing.

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 IPO Details

IPO DateJul 17, 2023 to Jul 19, 2023
Listing Date[.]
Face Value₹2 per share
Price₹475 to ₹500 per share
Lot Size30 Shares
Total Issue Size12,620,000 shares
(aggregating up to ₹631.00 Cr)
Fresh Issue4,120,000 shares
(aggregating up to ₹206.00 Cr)
Offer for Sale8,500,000 shares of ₹2
(aggregating up to ₹425.00 Cr)
Employee DiscountRs 25 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue50,923,980
Share holding post issue55,043,980

Netweb Technologies India IPO Reservation

QIB Shares OfferedNot more than 50.00% of the Net offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer
Retail Shares OfferedNot less than 35.00% of the Offer

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Crore
Netweb Technologies India IPO Review

Netweb Technologies India IPO Timetable (Tentative)

Netweb Technologies India IPO opens on Jul 17, 2023, and closes on Jul 19, 2023.

EventTentative Date
Opening DateMonday, 17 July 2023
Closing DateWednesday, 19 July 2023
Basis of AllotmentMonday, 24 July 2023
Initiation of RefundsTuesday, 25 July 2023
Credit of Shares to DematWednesday, 26 July 2023
Listing DateThursday, 27 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jul 19, 2023

Netweb Technologies India IPO Lot Size

The Netweb Technologies India IPO lot size is 30 shares.

Retail (Min)130₹15,000
Retail (Max)13390₹195,000
S-HNI (Min)14420₹210,000
S-HNI (Max)661,980₹990,000
B-HNI (Min)672,010₹1,005,000
Lot Size Calculator

Netweb Technologies India IPO Promoter Holding

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

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

Netweb Technologies India IPO Prospectus

Company Contact Information

Netweb Technologies India Limited
Plot No H-1, Pocket 9,
Faridabad Industrial Town (FIT), Sector-57,
Ballabhgarh, Faridabad – 121004
Phone: +911292310416

Also read :

A Romanian-born mathematician who discovered the system, won 14 times, and retired on a distant tropical island shared his tips on how to win the Powerball lottery

Spread the love

1 thought on “Netweb Technologies India Limited IPO Reviews”

Leave a Comment