Netweb Technologies India Limited

NETWEB

₹475-500

per share

Bidding Dates

17-19 Jul

Min. Investment

₹14,250.00

Lot Size

30 shares

Issue Size

₹631 Cr

IPO Timeline

Bidding starts

17 Jul ‘23

Bidding ends

19 Jul ‘23

Allotment finalisation*

24 Jul ‘23

Refund initiation*

25 Jul ‘23

Demat transfer

26 Jul ‘23

Listing

27 Jul ‘23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

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:

Company Name	Netweb Technologies India Ltd	Company Type	Private
Company Established On	1999	Netweb Technologies India IPO Opening Date	17th July, 2023
Netweb Technologies India IPO Closing Date	19th July,2023	Netweb Technologies India IPO Allotment Status	24th July,2023
Credit of Shares to the Demat Account	26th July,2023	Netweb Technologies India IPO Listing Date	27th July,2023
Netweb Technologies India IPO Face Value	₹ 2 per share	Netweb Technologies India IPO Lot Size	30 shares
Netweb Technologies India IPO Issue Size	Approx ₹631 crore	Netweb Technologies India IPO to be Listed on	BSE, NSE
Netweb Technologies India IPO Price band	₹475 – ₹500

Financial snapshot

Particulars	FY 21	FY 22	FY 23
Revenue	₹ 142 crore	₹ 247 crore	₹ 444 crore
Net Profit	₹ 8.2 crore	₹ 22.4crore	₹ 46.9 crore

A quick look at Netweb Technologies India IPO’s strengths, risks and threats

Strengths

Operates in the Indian Supercomputing systems market, expected to grow at a CAGR of 9.3% between FY23 and FY29.
Witnessed a CAGR growth of over 46% in its revenue from operations and over 78% in its net profit between FY21 and FY23.
One of the leading Indian original equipment manufacturers (OEM) for HCS making it one of the few domestic OEMs to seek production-linked incentives under the government’s PLI scheme.
Enjoyed a CAGR growth of 11.26% in customer accretion between FY20 and FY23 as well as derived 57.80% of its revenue from its top ten customers in FY23.
Operates in an industry with a high entry barrier due to the requirement of a significant technical skill set and expertise.

Risks and threats

Requires a high working capital which is acquired through internal accruals, commercial banks and unsecured lenders. In FY21, FY22 and FY23, its working capital amassed to ₹41 crore, ₹64 crore and ₹95 crore respectively.
Heavily dependent on research and development and technology partnerships.
Has experienced negative cash flows from operating activities in the past, e.g. - ₹9.8 crore in FY21.
Faces competition from companies like Nvidia, Hitachi, NetApp, HCL, Lenovo, Accenture, Tech Mahindra and more.

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:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Netweb Technologies India IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
Accept the mandate on your UPI app

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:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover page, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, you will find the ‘View all’ option
Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
In the ‘IPO’ tab, click on ‘My applications’
In ‘My applications’, under the History section, your Netweb Technologies India IPO allotment status will be mentioned

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:

Click here to visit the demat account opening page on the Upstox website.
Enter your phone number and other essential details to begin opening a demat account.
Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.
Complete the e-verification using the OTP sent to your registered mobile number.

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.

IPO analysis

Registrar information

Name

Link Intime India Private Ltd

Phone number

+91 8108114949

Email ID

netwebtechnologies.ipo@linkintime.co.in

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Netweb Technologies IPO?

Pre-applying for the Netweb Technologies IPO means applying for this public issue before it goes live. Click here to pre-apply for the Netweb Technologies IPO on Upstox.

When does pre-apply for the Netweb Technologies IPO open and how can you pay for it?

You can pre-apply for the Netweb Technologies IPO from 14 July 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.

How to apply for Netweb Technologies IPO? Or How to invest in the Netweb Technologies IPO?

You can apply on Upstox’s website and app, once the Netweb Technologies IPO opens for the subscription.

When does the Netweb Technologies IPO open and close for the subscription?

The Netweb Technologies IPO launch date is 17th July 2023. The Netweb Technologies IPO will be open for subscription till 19th July 2023.

What’s the lot size and minimum investment needed for the Netweb Technologies IPO?

The Netweb Technologies lot size is 30 shares and the minimum investment required is ₹14,250.

What is the price band for the Netweb Technologies IPO?

The Netweb Technologies IPO price band is ₹475 – ₹500 per share.

What’s the size of the Netweb Technologies IPO?

The size of the Netweb Technologies IPO is approx. ₹631 crore.

How many bids can I place for the Netweb Technologies IPO?

You can place up to three bids for an application.

Can these bids be placed at different times during the IPO subscription period?

No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.

When will Netweb Technologies shares be credited to your demat account?

If shares are allotted, then they will be credited to your demat account on 26th July 2023.

Which exchanges will Netweb Technologies shares list on?

Netweb Technologies shares will be on NSE and BSE.

When will Netweb Technologies shares list on the exchanges?

Netweb Technologies shares’ listing date is 27th July 2023.