Netweb Technologies India was incorporated on September 22, 1999. The company is a leading provider of high-end computing solutions (HCS), offering fully integrated design and manufacturing capabilities. Its HCS offerings include high-performance computing systems, private cloud and hyper-converged infrastructure, AI systems and enterprise workstations, high-performance storage solutions, data center servers, and software and services for HCS solutions.
| Bidding Dates |
|---|
| 17 Jul 2023 - 19 Jul 2023 |
| Subscription |
|---|
| 90.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹15,000 | 1 | 13 | 30 | 12.6 M | ₹475 - ₹500 | 77.49 % | ₹5994.5 M - ₹6310.0 M | RHP DOC |
Netweb Technologies IPO SUBSCRIPTION STATUS
19 Jul '23Netweb Technologies IPO overall subscription rate was 90.36 times the total available shares
Netweb Technologies IPO retail subscription rate was 19.15 times in the retail segment
Netweb Technologies IPO non-institutional investor subscription rate was 81.8 times in the non-institutional investor category
Netweb Technologies IPO Qualified Institutional Bidder subscription rate was 228.91 times the available shares for Qualified Institutional Bidder
Netweb Technologies IPO Employees subscription rate was 53.12 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
19 Jul 2023 (Day 3) | 19.15x | 81.8x | 228.91x | 53.12x |
18 Jul 2023 (Day 2) | 8.77x | 18.09x | 2.66x | 16.58x |
17 Jul 2023 (Day 1) | 3x | 3.61x | 0.03x | 6.6x |
Netweb Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 469.4 | 4,449.7 | 271.3 | 138.7 | 15.9% |
| FY22 | 224.5 | 2,470.3 | 51.9 | -1.9 | 14.4% |
| FY21 | 82.3 | 1,427.9 | -98.7 | -114.4 | 11.1% |
Netweb Technologies IPO SUBSCRIPTION STATUS DETAILS
Netweb Technologies had 12.6 M shares on offer
Netweb Technologies IPO offer price was in the range ₹475 - ₹500
Netweb Technologies IPO minimum Investment was ₹15000
Netweb Technologies IPO issue size was ₹ 5994.5 M - ₹ 6310.0 M
Netweb Technologies had a minimum lot size of 30 Shares per application
Netweb Technologies NUMBER OF SHARES ON OFFER
Netweb Technologies IPO IMPORTANT DATES
| Issue Open Date | 17 Jul 2023 |
| Issue close Date | 19 Jul 2023 |
| Allotment Date | 24 Jul 2023 |
| Refund Date | 25 Jul 2023 |
| Demat Account Credit Date | 26 Jul 2023 |
| Listing Date | 27 Jul 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Netweb Technologies Allotment Status | Exchange |
Netweb Technologies IPO subscription opened on 17 Jul 2023, and closed on 19 Jul 2023
IPO allotment for Netweb Technologies was finalized on Monday, 24 Jul 2023
IPO listing for Netweb Technologies was on NSE and BSE on Thursday, 27 Jul 2023
Netweb Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 500.0 |
| Listing Open Price | 947.0 |
| Listing Close Price | 910.4 |
| Listing Gain% | 89.4% |
| Current Gain% | 887.8% |
Netweb Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Netweb Technologies India Ltd. | 4939.2 | 27691.1 | 107.9 | 1.1 | 10.4 | 28.4 | 9.1 | 2202.4 | 90.1 | 205.8 | 79.8 | 45.8 | 101.3 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Netweb Technologies INFORMATION ON IPO ISSUE
About Netweb Technologies
Netweb Technologies India was incorporated on September 22, 1999. The company is a leading provider of high-end computing solutions (HCS), offering fully integrated design and manufacturing capabilities. Its HCS offerings include high-performance computing systems, private cloud and hyper-converged infrastructure, AI systems and enterprise workstations, high-performance storage solutions, data center servers, and software and services for HCS solutions.
Object of the Issue
- 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
- Funding the long-term working capital requirement
- Repayment or prepayment, in full or in part, of certain outstanding borrowings
- General corporate purposes
Netweb Technologies - PROMOTERS
| Name |
|---|
| Sanjay Lodha |
| Navin Lodha |
| Vivek Lodha |
| Niraj Lodha |
Netweb Technologies Book Running Lead Managers
Equirus Capital Private Limited
netweb.ipo@equirus.com
Netweb Technologies Book Running Lead Manager
IIFL Securities Limited
netweb.ipo@iiflcap.com
Netweb Technologies Registrar to the Offer
Link Intime India Private Limited
netwebtechnologies.ipo@linkintime.co.in
Netweb Technologies Strengths
One of the leading companies
The company is a leading Indian OEM for high-end computing solutions, with integrated design and manufacturing capabilities
High entry barrier
The company operates in a dynamic and technologically advanced industry with significant barriers to entry
Financial track record
The company has demonstrated a strong financial performance and consistent growth, with a revenue from operations increasing at a CAGR of 25.84% during FY20-22
Netweb Technologies Risks
Dependent on select product verticals
The company derives a majority portion of its revenues from operations from a select few of the high-end computing solutions offerings. Loss or decline in the demand of such offerings may result in an adverse effect on the business
Negative cash flows
The company has had negative cash flows from operating activities in the past and it may occur in the future too
Low capacity utilisation
The company has experienced low-capacity utilization in fiscal years 2023, 2022, and 2021. If the company continues to produce below its installed capacity or struggles to consistently increase production, it may have a negative impact on capacity utilisation
IPO FAQs
This IPO consists of an offer for sale of up to Rs 425.0 crore, of 8,500,000 shares. It also consists of a fresh issue of Rs 206.0 crore.
The promoters of the company are Sanjay Lodha, Navin Lodha, Vivek Lodha and Niraj Lodha.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 475.0 - 500.0.
The IPO application opens on Jul 17, 2023 and closes on Jul 19, 2023.
The minimum lot size for the IPO is 30. The maximum lot size for the IPO is 390.
For all category investors, the minimum application amount for this IPO is Rs. 15,000.0, the maximum value for this IPO is Rs 195,000.0.
This IPO will be allotted on Jul 24, 2023.
The refund will be credited to your account on Jul 25, 2023.
The allotted shares will be credited to your demat on Jul 26, 2023.
Netweb Technologies India Ltd.’s shares listed on the stock exchanges on Jul 27, 2023.