Netweb Technologies India Limited will be offering equity shares through a book built issue as part of their upcoming Initial Public Offering (IPO). The IPO is scheduled to take place from July 17 to July 19, 2023. The issue price for each share is set in the range of ₹475 to ₹500. Interested investors can place a minimum order quantity of 30 shares.
With a face value of Rs. 2, the IPO will include the sale of 12,620,000 shares. This offering has the potential to generate up to ₹631 crore in funds for Netweb Technologies India Limited. Let’s learn more about their initial public offering scheduled for July of 2023.
About Netweb Technologies India Limited
Netweb Technologies India Limited, established in 1999, is a leading provider of high-end computing solutions (HCS). With expertise in designing, manufacturing, and deploying HCS, they offer proprietary middleware solutions, user-friendly utilities, and precompiled application stacks. Netweb Technologies specializes in supercomputing infrastructure, delivering homegrown compute and storage technologies. Their supercomputers have earned global recognition, consistently ranking among the world’s top 500.
With a stellar track record as of February 28, 2023, they have successfully installed over 300 Supercomputing systems, 50+ private cloud and HCI setups, and 4,000+ AI systems and enterprise workstations. Their high-performance storage solutions offer impressive throughput. Serving marquee customers across industries like IT, BFSI, entertainment, and government entities, Netweb Technologies has gained trust and credibility. They collaborate with prestigious institutions including IIT Jammu, NMDC Data Centre, and Graviton Research Capital.
Netweb Technologies India Limited IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 17th July 2023 |
| Issue Closes | 19th July 2023 |
| Face Value | Rs 2 Per Share |
| Issue Price | Rs 475 to Rs 500 Per Share |
| Issue Size | 12,620,000 Shares (Rs 631 crores) |
| Minimum Order Quantity | 30 Shares |
| Listing | BSE, NSE |
Purpose of the Issue
The funds will be utilized for the following purposes:
- Financing the capital expenditure needed for civil construction and interior development of the building for the surface mount technology (SMT) line. Additionally, funds will be used for the purchase of equipment and machinery required for the new SMT production line.
- Meeting long-term working capital requirements to support ongoing operations and business growth.
- Repayment or partial prepayment of existing borrowings, contributing to the overall debt management strategy.
- Catering to general corporate purposes, ensuring flexibility and supporting the company’s overall business objectives.
Netweb Technologies India Limited — Company Contact Details
- Registered & Corporate Office: Plot No H-1, Pocket 9, Faridabad Industrial Town (FIT), Sector-57, Ballabhgarh, Faridabad – 121004
- Telephone: +911292310416
- Website: https://netwebindia.com/index.html
Netweb Technologies India Limited IPO – Lead Managers of the Issue
Equirus Capital Private Limited
- Office Address: 12 th Floor, C Wing, Marathon Futurex, N . M . Joshi Marg, Lower Parel, Mumbai 400 013
- Telephone: +91 22 4332 0600
- Email: shankara.ipo@equirus.com
Iifl Securities Ltd
- Office Address: Kamala City, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013
- Telephone: 022-40071000
- Email: cs@iifl.com
Netweb Technologies India Limited IPO – Registrar of the Issue
Link Intime India Private Ltd
- Telephone: +91-22-4918 6270
- Email: netwebtechnologies.ipo@linkintime.co.in
- Website: https://linkintime.co.in/mipo/ipoallotment.html
Netweb Technologies India Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
