Netweb Technologies India IPO
Netweb Technologies India IPO — date, price band, lot size & details 2023
Netweb Technologies India listed on 27 Jul 2023 at ₹947, 89.4% above the ₹500 issue price.
Netweb Technologies India provides high-end computing solutions, including supercomputing systems, private cloud, AI systems and enterprise storage, with in-house design and manufacturing. Its total income was Rs 445.65 crore in FY2023.
Stock price
Netweb Technologies India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 17 Jul 2023
- Close 19 Jul 2023
- Allotment 24 Jul 2023
- Refund/credit 25 Jul 2023
- Listing 27 Jul 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 19 Jul, 2023 |
|---|---|
| Price Band | ₹475 – ₹500 |
| Face Value | ₹2 |
| Lot Size | 30 Shares |
| Issue Size | ₹631 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 25.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 30 shares at the ₹500 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹15,000 |
| Retail (max) | 13 | 390 | ₹1,95,000 |
| S-HNI (min) | 14 | 420 | ₹2,10,000 |
| S-HNI (max) | 66 | 1,980 | ₹9,90,000 |
| B-HNI (min) | 67 | 2,010 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 144.29 crore in FY2021 to Rs 445.65 crore in FY2023.
- 02Profit after tax rose from Rs 8.23 crore in FY2021 to Rs 46.94 crore in FY2023.
- 03The source puts return on net worth at 68.01% and the PAT margin at 10.55%.
- 04Borrowing was low at Rs 35.60 crore on 31 March 2023.
- 05Rs 128.02 crore of the fresh issue was planned for long term working capital.
Risks · 5
- 01The pre-issue P/E was 55.31 at the upper band of Rs 500, based on EPS of Rs 9.04.
- 02Rs 424.97 crore of the Rs 631 crore issue was offer for sale, so most of the money went to the promoters.
- 03Large supercomputing and government orders can make income lumpy, as the rise from Rs 247.94 crore in FY2022 to Rs 445.65 crore in FY2023 shows.
- 04It relies on imported processors and parts from a few global suppliers, and net worth was only Rs 93.67 crore on 31 March 2023.
- 05Promoters and the promoter group held 97.80% before the issue and about 75.45% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Netweb Technologies India offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 265.95 | 148.61 | 110.20 |
| Total Income | 445.65 | 247.94 | 144.29 |
| Profit After Tax | 46.94 | 22.45 | 8.23 |
| NET Worth | 93.67 | 44.37 | 21.82 |
| Reserves and Surplus | 83.48 | 38.71 | 16.15 |
| Total Borrowing | 35.60 | 34.48 | 30.54 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Netweb Technologies India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Netweb Technologies India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹9.04 | ₹8.37 |
| P/E Ratio (x) | 55.31 | 59.74 |
| Market Cap at Offer Price (₹ Cr) | ₹2,596.24 | ₹2,804.06 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹500 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹194.03 Cr of the issue is earmarked to named objects.
Netweb Technologies India IPO Anchor Investors
25 anchor investors across 15 fund houses committed ₹189.02 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its offerings cover high performance computing and supercomputing systems, private cloud and hyperconverged infrastructure, AI systems and enterprise workstations, high performance storage, data centre servers, and related software and services. By number of HPC installations it is one of the most significant OEMs in India.
It builds supercomputing systems for businesses, academia and research bodies, including under India's National Supercomputing Mission.
The IPO was Rs 631 crore, with Rs 206.03 crore of fresh issue and Rs 424.97 crore of offer for sale by the four promoters and a promoter group entity. A pre-IPO placement of Rs 51 crore was done before the issue. Fresh money was planned for an SMT production line, working capital and repaying debt.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Netweb Technologies India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Equirus Capital Pvt.Ltd.
36 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Netweb Technologies India?
The current Grey Market Premium is ₹375, or 75% over the issue price.
What is the Netweb Technologies India IPO price band?
₹475 to ₹500, on a face value of ₹2.
When is the allotment?
The basis of allotment is 24 July 2023, with listing on 27 July 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
