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netweb technologies ipo

Netweb Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 14,250 / 30 shares

    Minimum Investment

IPO Details

  • Open Date

    17 Jul 2023

  • Close Date

    19 Jul 2023

  • IPO Price Range

    ₹ 475 to ₹500

  • IPO Size

    ₹ 631 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    27 Jul 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Netweb Technologies IPO Subscription Status

Last Updated: 01 August 2023 3:47 PM by 5Paisa

Netweb Technologies IPO is all set to open from 17th July to 19th July 2023. Netweb Technologies is a computing solutions provider and is launching a fresh issue of 8,500,000 shares (worth ₹206 crores). The share allotment date is 24th July, and the IPO will be listed on 27th July on the stock exchanges. The price band is ₹475 to ₹500 and IPO size is 30 shares.    

Equirus Capital Private Limited and IIFL Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of the Issue

Netweb Technologies plans to utilize the raised capital from IPO to:

    • ₹22.50 crores: Debt repayment
    • ₹32.29 crores: Capital requirements 
    • ₹128 crores: Long-term working capital requirements 

Netweb Technologies IPO Video:

 

Netweb Technologies operates in the business of high-end computing solutions (HCS). Its diverse product range includes private cloud and HCI solutions, supercomputing systems, enterprise workstations, AI systems, HPS solutions, and data center servers. 

The company raised ₹51 crores on 3rd July 2023 via the institutional funding route in a pre-IPO placement. 

Peer Comparison
    • Syrma SGS Technology Limited
    • Dixon Technologies (India) Limited
    • Kaynes Technology India Limited

For More Information:
Webstory on Netweb Technologies IPO
Netweb Technologies IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 4449.72 2470.33 1427.87
EBITDA 3826.87 2177.14 1331.90
PAT 469.36 224.53 82.30
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 2659.50 1486.06 1101.95
Share Capital - - -
Total Borrowings 1722.84 1042.36 883.78
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 271.32 51.87 -98.67
Net cash from / (used in) investing activities -140.21 -54.66 -18.65
Net cash flow from / (used in) financing activities -80.45 2.81 117.58
Net increase (decrease) in cash and cash equivalents 50.66 0.02 0.26

Strengths

1. Netweb provides solutions to a range of industries, including BFSI, IT, and Entertainment. 
2. It also offers computing services to research institutions and government entities.  
3. Netweb Technologies ranks among the top 500 companies globally for manufacturing supercomputers. 
4. The company is one of the Original equipment manufacturers (OEMs) to be eligible under the Government of India’s IT Hardware PLI Scheme for using production-linked incentives, which allows them to undertake server manufacturing. 
5. Netweb is also eligible for Telecom and Networking PLI Scheme, which allows them networking and telecom manufacturing and gives them a competitive edge. 
6. Its consumer base includes domestic and MNCs based in India as well as in EMEA. 
 

Risks

1. Netweb is dependent on its top ten clients and a few product offerings for generating revenue. This concentration can impact the company adversely in case clients/demand change. 
2. A large share of company orders comes from government/government-related entities via tender. Any failure to bid or achieve a contract can impact the profitability of the company. 
3. The cash flow from operating activities has been negative in recent years. 
4. Working capital demand is high, and if the company cannot raise funding, the same can impact its operation adversely. 
5. A highly competitive industry.

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FAQs

The Price band of the IPO is ₹475 to ₹500.

The minimum lot size of this Netweb Technologies IPO is 30 shares required is ₹14,250.  

The Netweb Technologies IPO opens on July 17, 2023, and closes on July 19, 2023.

The Netweb Technologies IPO comprises a total issue of 8,500,000 shares (aggregating up to ₹206.00 Cr).

The allotment date of Netweb Technologies IPO is 24th July 2023.

The Netweb Technologies IPO listing date is 27th July 2023.

Equirus Capital Private Limited and IIFL Securities Limited are the book-running lead managers for this IPO.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
    1. Debt repayment
    2. Funding Capital requirements 
    3. Meet the long-term working capital requirement

To apply for the IPO, follow the steps given below
    • Login to your 5paisa account and select the issue in the current IPO section    
    • Enter the number of lots and price at which you wish to apply for Netweb Technologies IPO.    
    • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
    • You will receive a mandate notification to block funds in your UPI app.