On July 17, the general public may subscribe to the computing solutions provider’s first public offering (IPO). Subsequently, the initial public offering will be available for subscription for three days and close on July 19.

The Netweb Technologies IPO comprises a new issue of shares valued at 206 crore rupees. Additionally, there is an offer-for-sale by the company’s current promoters and shareholders to sell up to 85 lakh shares.

The company has set the price band for the public issue at ₹475-500 per share. Consequently, at the upper band price, the company expects to raise ₹631 crore through the IPO.

Post the public offer, Netweb Technologies shares will be listed on the stock exchanges BSE and NSE on July 27. Meanwhile, the Netweb Technologies IPO allotment is expected to be on July 24.

Business Overview

In 2001, Sanjay Lodha, Navin Lodha, Vivek Lodha, and Niraj Lodha created Netweb Technologies. Furthermore, the business has offices in Mumbai, Pune, and Delhi in addition to its headquarters in Ahmedabad, Gujarat.

Supercomputers, high-performance computing (HPC) systems, and data analytics solutions are just a few of the high-end computing options provided by Netweb Technologies. Additionally, the company offers a wide range of cutting-edge computing solutions to its clients.

Customers from a wide range of industries use the company’s goods and services, including:

  • Government organizations: For a range of applications, including weather forecasting, climate modeling, and defense simulations, Netweb Technologies offers supercomputers and HPC systems to government organizations. Moreover, these advanced computing solutions cater to the specific needs and demands of these specialized sectors.
  • Educational institutions: For use in research and instruction, Netweb Technologies offers HPC systems to educational institutions.
  • Commercial businesses: For a range of applications, including fraud, Netweb Technologies offers data analytics solutions to businesses.

Monetary highlights

In recent years, Netweb Technologies has experienced consistent growth. Specifically, revenue for the business increased from 130 crores in 2018–19 to 180 crores in 2021–22. Additionally, the company’s net profit rose from 20 crore in 2018–19 to 30 crore in 2021–22.

IPO Specifics

The Netweb Technologies IPO would include a new issue of shares valued at 206 crores and a promotion of shares valued at 425 crores. Furthermore, the projected dates for the IPO are July 17, 2023, and July 19, 2023. Moreover, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will list the shares.

The range for the IPO’s price per share has been set at Rs. 475–500. Additionally, the bare minimum investment per lot is 30. Moreover, ICICI Securities, Axis Capital, and SBI Capital Markets are in charge of managing the IPO.

Considerations for Investment

A well-established business with a proven track record of expansion is Netweb Technologies. The business is in a good position to gain from the rising demand for top-tier computing solutions. The corporation does, however, confront significant difficulties, such as growing international player competition and the requirement for R&D spending.

All things considered, Netweb Technologies is a promising business with solid growth potential. Before making an investment in the IPO, however, investors should carefully weigh the dangers.

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The Netweb Technologies IPO is a chance to invest in a reputable business with promising future growth. Before making an investment in the IPO, however, investors should carefully weigh the dangers.