About Netweb Technologies India IPO
Incorporated in 1999, Netweb Technologies is India’s leading high-end computing solutions (HCS) provider. Its product portfolio includes supercomputing systems, private cloud, HCI, data centre servers, AI systems, enterprise workstations and HPS solutions.
It serves various industries such as IT, entertainment and media, banking, financial services and insurance (BFSI), national data centres and government entities like the defence and education institutions. Some of its marquee customers include IITs, NMDC, Airamatrix, Graviton, JNU, Hemvati University, Akamai, APT, Yotta and CUHP University, making up an order book of ₹90 crore as of 31 May 2023.
The company’s manufacturing facility is located in Faridabad and its R&D facility is in Faridabad, Gurgaon and Hyderabad, consisting of 38 team members. It also collaborates with other technology partners like Intel, AMD and Nvidia to innovate products and provide services tailored to specific customer requirements.
Netweb Technologies is positioned to benefit from the expansion of the Indian IT industry, which is forecasted to grow at a CAGR of 8.8% between FY23 and FY29. A stable economy, the expansion of e-commerce, the upgrade of mobile networks to 4G and 5G, and the implementation of "Make in India" and PLI Schemes are bound to contribute to this growth.
And now, Netweb Technologies India Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for the civil construction of the building for the surface mount technology (SMT) line and purchase of equipment for the new SMT production line. Its shares will be listed on the NSE and the BSE.
Here are key details about the Netweb Technologies IPO:
A quick look at Netweb Technologies India IPO’s strengths, risks and threats
Risks and threats
Netweb Technologies India IPO details
| Netweb Technologies India IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the Netweb Technologies IPO’s opening date – in other words, the Netweb Technologies IPO launch date – will be 17th July 2023. The Netweb Technologies IPO closing date is 19th July 2023. After this, investors will be updated about the allotment status on 24th July 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 26th July 2023. The Netweb Technologies IPO listing date is 27th July 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Netweb Technologies India IPO price band
The entire IPO is a book-built issue. The Netweb Technologies IPO price band has been set between ₹475 and ₹500 per share. Interested investors can choose a price within this band to apply for the IPO.
The Netweb Technologies IPO listing price will be determined on 27th July 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Netweb Technologies India IPO lot size
The Netweb Technologies IPO details have been declared. The Netweb Technologies IPO lot size is set at 30 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Netweb Technologies IPO issue size is approx ₹631 crore.
How to apply for the Netweb Technologies India IPO?
If you are interested in this investment opportunity but unsure how to apply for the Netweb Technologies India IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Netweb Technologies India IPO on Upstox:
How to check the Netweb Technologies India IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Netweb Technologies India IPO allotment status:
Open a demat account with Upstox to apply for the Netweb Technologies India IPO
To apply for the Netweb Technologies India IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Netweb Technologies India IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Netweb Technologies India IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.