IPO Issue Details
Issue Price / Price Band₹500 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size30 Shares per Lot
Total Issue Size1,26,21,000 shares (aggregating up to ₹631.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 17 Jul 2023
Subscription CloseWed, 19 Jul 2023
Anchor AllotmentFri, 14 Jul 2023
Basis of AllotmentMon, 24 Jul 2023
Initiation of RefundsTue, 25 Jul 2023
Credit of Shares to DematWed, 26 Jul 2023
Listing DateThu, 27 Jul 2023
UPI Mandate Deadline2023-07-19
Application & Investment Details
Retail — Min (1 Lots)₹15,000 — 30 shares
Retail — Max (13 Lots)₹195,000 (13 Lots)
HNI — Min (14 Lots)₹2,10,000 — 420 shares
EPS (Pre-IPO)₹9.22
P/E Ratio (Pre-IPO)59.67x
Post-IPO Promoter Holding5,50,43,980 shares
Fresh Issue Shares41,21,000 shares (aggregating up to ₹206.03 Cr)
Offer for Sale Shares85,00,000 shares of ₹2 (aggregating up to ₹424.97 Cr)
About Netweb Technologies India Ltd.
Incorporated in 1999, Netweb Technologies India Limited provides high-end computing solutions (HCS).Netweb Technologies' 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, andSoftware 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.
Objects of the Issue
Netweb Technologies India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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/machineries for our new SMT production line (SMT Line);
32.29
2
2 Funding our long term working capital requirement;
128.02
3
3 Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings; and
22.50
4
4 General corporate purposes.
11.22
Shareholding & Lock-in
Pre-IPO Promoter Holding
Not Available
Post-IPO Promoter Holding
5,50,43,980 shares
Lock-in Period (30%)August 23, 2023
Lock-in Period (50%)October 22, 2023