Everything you need to know about the Netweb Technologies India Limited IPO

Netweb Technologies India Limited (Netweb) is one of India’s leading Indian origin, owned and controlled OEM 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 centre 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 supercomputer till date. Netweb’s recent AI Supercomputer ‘AIRAWAT’ has been named in the 61st edition of 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 utilise 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, and
  4. General corporate purposes.

Financial Snapshot (Rs in Cr)

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

For more information, you can check the IPO Prospectus filed by the company :point_down:

Important information regarding the IPO

Issue Period 17th July - 19th July 2023
Price Band ₹ 475- 500
Minimum Bid Quantity and multiples thereof
Face Value ₹ 2 per share
Number of Shares 12,620,000 shares
Issue size ₹ 631 Cr
Date of Allotment 24th July, 2023
Initiation of Refund 25th July, 2023
Credit of shares 26st July, 2023
Date of Listing 27th July, 2023
Mandate end date 3rd August, 2023
Anchor Investors Lock-in End Date 19th August, 2023

How do I apply for Netweb Technologies India Limited IPO?

You can apply for it using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept 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.

Where do I check the allotment status for Netweb Technologies India Limited IPO?

You can check the allotment status on the website of the Registrar and Transfer agent .

Alternatively, you can also check the allotment status on the NSE website .

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Peer Comparsion

Company MCap(in Crs.) Sales (in Crs.) EBITDA(%) PAT (%) EPS RoE (%) Mcap/Sales P/BV P/E(x) CMP
Netweb Technologies 2,803 445 15.7 10.5 8.4 50.1 6.3 29.9 59.7 500
Syrma SGS Technology 7,947 2,048.40 9.2 5.8 6.8 11.5 3.9 5.2 71.7 484
Kaynes Technology Ltd 9,665 1,126 14.9 8.5 19.6 16.4 8.6 10.1 86.9 1,704
Dixon Technologies Ltd 26,125 12,192 4.2 2.1 43.2 22.4 2.1 20.3 100.4 4,336



Source: Geojit