Netweb Technologies India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹500
Per ShareLot Size
30 Shares
Minimum Investment
₹15,000
Issue Size
₹609.75 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Netweb Technologies India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
94.89%
Issue Type
Book Building
ISIN
INE0NT901020
About the Company
Netweb Technologies India Limited is one of India's leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Its HCS offerings comprises (i) high performance computing (Supercomputing / HPC) systems; (ii) private cloud and hyperconverged infrastructure (HCI); (iii) AI systems and enterprise workstations; (iv) high performance storage (HPS / Enterprise Storage System) solutions; (v) data centre servers; and (vi) software and services for our HCS offerings. In terms of number of HPC installations, the company is one of the most significant OEMs in India amongst others.
Industry Overview
High-end computing solutions industry is a rapidly evolving and technologically advanced industry that requires the vendors to stay abreast of the developments and improve & customise their designs, and hardware and software offerings. High-end computing solutions make it possible for organizations to create more efficient operations, reduce downtime and improve worker productivity. High-end computing solutions, such as HPC, HCI, AI&EW, Data Center Servers etc., are expected to witness growth during the forecast period leading to increased adoption of technology in various end use industries plus increased investment by public and private players in these solutions.
Company History
Netweb Technologies India Limited was originally incorporated as `Netweb Technologies India Private Limited', at New Delhi as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the RoC, on September 22, 1999. Thereafter, the Company was converted into a public limited company, pursuant to a special resolution passed by the Shareholders of the Company on October 18, 2022, and the name of the Company was changed to its present name pursuant to a fresh certificate of incorporation issued by the RoC on November 18, 2022.
Products & Services
- Netweb Technologies India Ltd is one of India's leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities.
Growth Strategy
- Expanding and augmenting its product portfolio.
- Expanding geographic footprints in EMEA (i.e., Europe, Middle East and Africa).
- Deepen its penetration across verticals.
Customer Base
Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited (NMDC Data Centre), Airamatrix Private Limited (Airamatrix), Graviton Research Capital LLP (Graviton), Institute of Nano Science and Technology (INST), HL Mando Softtech India Private Limited (HL Mando), Dr. Shyam Prasad Mukherjee International Institute of Information Technology, Naya Raipur (IIIT Naya Raipur) Jawaharlal Nehru University (JNU), Hemvati Nandan Bahuguna Garhwal University (Hemvati University), Akamai India Networks Private Limited (Akamai), A.P.T. Portfolio Private Limited (A.P.T.), Yotta Data Services Private Limited (Yotta), Centre for Computational Biology and Bioinformatics, Central University of Himachal Pradesh (CUHP University). The Company also caters to an Indian Government space research organisation and an R&D organisation of the Ministry of Electronics and Information Technology, Government of India.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 12,621,000^ equity shares of face value of Rs. 2 each ("Equity Shares") of Netweb Technologies India Limited ("Company") for cash at a price of Rs. 500 per equity share (including a share premium of Rs. 498 per equity share) ("Offer Price") aggregating Rs. 631.00^ crores ("Offer") comprising a fresh issue of 4,121,000^ equity shares aggregating Rs. 206.00^ crores by the company ("Fresh Issue") and an offer for sale of 8,500,000^ equity shares aggregating Rs. 425.00^ crores by the selling shareholders (offer for sale) comprising 2,860,000^ equity shares aggregating Rs. 143.00^ crores by Sanjay Lodha, 1,430,000^ equity shares aggregating Rs. 71.50^ crores by Navin Lodha, 1,430,000^ equity shares aggregating Rs. 71.50^ crores by Vivek Lodha, 1,430,000^ equity shares aggregating Rs. 71.50^ crores by Niraj Lodha (each, the promoter selling shareholder) and, 1,350,000^ equity shares aggregating Rs. 67.50^ crores by Ashoka Bajaj Automobiles llp (formerly known as Ashoka Bajaj Automobiles Private Limited), promoter group selling shareholder, and together with the promoter selling shareholders, the selling shareholders, and such equity shares, the offered shares). The company has, in consultation with the brlms, undertaken a pre-ipo placement of 1,020,000 equity shares at an issue price of Rs. 500 per equity share (including a premium of Rs. 498 per equity share) aggregating Rs. 51.00 crores (pre-ipo placement). The size of the fresh issue of Rs. 257.00 crores was reduced by Rs. 51.00 crores pursuant to the pre-ipo placement and the revised size of the fresh issue is Rs. 206.00^ crores. The offer included a reservation of 20,000^ equity shares aggregating Rs. 0.95^ crores (constituting 0.04%^ of the post-offer equity share capital), for subscription by eligible employees (employee reservation portion). The company and the selling shareholders, in consultation with the brlms, offered a discount of 5% of the offer price (equivalent of Rs. 25 per equity share) to the eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer constitute 22.51%^ and 22.48%^ of the post-offer paid-up equity share capital, respectively. ^Subject to finalisation of the basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- One of India's leading Indian origin owned and controlled OEM for HCS with integrated design and manufacturing capabilities.
- Long standing relationship with a marquee and diverse customer base.
- Significant product development and innovation through R&D.
- The Company is one of India's leading HCS provider and it operates in a rapidly evolving and technologically advanced industry with high entry barriers.
- Experienced Board and Senior Management.
- The company success is dependent on its long-term relationship with it Customers. In particular, the company is heavily reliant on its top 10 Customers. The company do not, generally, enter into long term contracts with Customers, which exposes it to risks emanating from the inability to retain its established Customers as the company clients.
- The company derive a majority portion of its revenues from operations from a select few of the company HCS offerings. Loss or decline in the demand of such offerings may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.
- The company depend on few Application Industries for majority of its revenue from operations. Loss of Customers in these Application Industries may result in an adverse effect on its business, revenue from manufacturing operations and financial condition.
- The Company has entered into various non- disclosure agreements with its technology partners to collaborate on design and innovation of products and solutions, most of which are governed by foreign laws. Any failure to comply with the terms of such agreements resulting in breach under such agreements may have monetary implications and cause us reputational harm.
- There are common pursuits between the Company and a member of its Promoter Group. Further, the member of the promoter group provides same products and solutions as it in jurisdictions that are demarcated by a noncompete agreement. Any breach of the non-compete agreement may adversely impact its business operations.