Netweb Technologies India Limited IPO Closed

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IPO date 17 Jul 2023 – 19 Jul 2023
Listing date 27 Jul 2023
Price range 475 – 500
Minimum order quantity 30
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Netweb Technologies India Limited (Netweb) is one of India’s leading Indian-origin, owned and controlled OEMs in the space of High-end computing solutions HCS providing Supercomputing systems (under the Tyrone brand), private cloud, and hyper-converged infrastructure (HCI) (under Skylus brand), data center servers, AI systems and enterprise workstations (under the Kyubits brand), and high-performance storage (HPS) solutions (under the Verta and Collectivo brand).

Netweb is one of the few players in India who can offer a full stack of product and solution suites.

It is one of India’s largest manufacturers of Supercomputing systems and implemented PARAM Yuva II, one of India’s fastest and largest Hybrid supercomputers to date. Netweb’s recent AI Supercomputer ‘AIRAWAT’ has been named in the 61st edition of the Top 500 Global Supercomputing List released in June 2023.

Netweb has also started developing two 2 new product lines in 2023: 5G open radio access network (ORAN) appliances and network switches.

Objects of the issue:

Netweb 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 prepayment, in full or in part, of certain outstanding borrowings
  4. General corporate purposes.

Financial Snapshot (₹ crores)

Fiscal Revenue from operations ROE (in %) ROCE (%) Net worth PAT
2023 444.97 68.01 64.42 93.67 46.94
2022 247.03 67.85 51.63 44.37 22.45
2021 142.79 46.41 35.54 21.82 21.82

IPO Schedule

Issue Period 17th July to 19th July 2023
Deadline for accepting UPI mandate Until 5 PM on the issue closing day
Finalization of Allotment 24th July 2023
Initiation of Refunds 25th July 2023
Credit of Shares 26th July 2023
Date of Listing 27th July 2023
Mandate end date 4th August 2023
Anchor Investors Lock-In End Date 19th August 2023

How to apply to the Netweb Technologies India Limited IPO?

You can apply for the Netweb Technologies India Limited IPO using any supported UPI app by following two steps:
  • Enter your bid on Kite
  • Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for Netweb Technologies India Limited IPO?

You can check the allotment status for the Netweb Technologies India Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.