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:
- 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),
- Funding of long-term working capital requirements,
- Repayment or prepayment, in full or in part, of certain outstanding borrowings, and
- General corporate purposes.
|Fiscal||Revenue from operations||ROE (in %)||ROCE (%)||Net worth||PAT|
For more information, you can check the IPO Prospectus filed by the company
|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|
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.
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 .