Netweb Technologies is a leading provider of high-end computing solutions (HCS) in India. With comprehensive design and manufacturing capabilities, they offer a range of HCS products and services. Their offerings include high-performance computing systems, private cloud and hyper-converged infrastructure, AI systems, enterprise workstations, high-performance storage solutions, data center servers, and software solutions.
As an Indian-origin OEM, Netweb Technologies holds a prominent position in the HCS industry. They specialize in delivering supercomputing systems, private cloud and HCI solutions, data center servers, AI systems, enterprise workstations, and HPS solutions. They are recognized for their extensive HPC installations, making them one of the major OEMs in India.
Netweb Technologies serves esteemed clients across various industries, including information technology, IT-enabled services, entertainment and media, BFSI, national data centers, and government entities, including the defense sector and educational and research institutions. Some of their notable customers include Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited, Airamatrix Private Limited, Graviton Research Capital LLP, Institute of Nano Science and Technology, and many others.
The company designs, manufactures, and deploys their HCS solutions, which include proprietary middleware, end-user utilities, and precompiled application stacks. They develop their own compute and storage technologies, allowing them to meet the increasing computational demands of businesses, academia, and research organizations. Netweb Technologies has made significant contributions to India's National Supercomputing Mission, with two of their supercomputers featuring multiple times in the world's top 500 supercomputers list.
Overall, Netweb Technologies stands out as a leading provider of advanced computing solutions, catering to diverse industries and offering cutting-edge technologies to meet the evolving needs of their clients.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| IPO Opening Date | Jul 17, 2023 |
|---|---|
| IPO Closing Date | Jul 19, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per share |
| IPO Price | ₹475 to ₹500 per share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Issue Size | 12,620,000 shares (aggregating up to ₹631.00 Cr) |
| Fresh Issue | 4,120,000 shares (aggregating up to ₹206.00 Cr) |
| Offer for Sale | 8,500,000 shares of ₹2 (aggregating up to ₹425.00 Cr) |
| Employee Discount | Rs 25 per share |
| Share holding pre issue | 50,923,980 |
| Share holding post issue | 55,043,980 |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| Basis of Allotment Date | 24 July 2023 |
|---|---|
| Initiation of Refunds | 25 July 2023 |
| Credit of Shares to Demat Account | 26 July 2023 |
| IPO Listing Date | 27 July 2023 |
Netweb Technologies India IPO is a main-board IPO of 12,620,000 equity shares of the face value of ₹2 aggregating up to ₹631.00 Crores. The issue is priced at ₹475 to ₹500 per share. The minimum order quantity is 30 Shares.
The Netweb Technologies India opens on Jul 17, 2023, and closes on Jul 19, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Netweb Technologies India IPO opens on Jul 17, 2023 and closes on Jul 19, 2023.
Netweb Technologies India IPO lot size is 30 Shares.
You can apply in Netweb Technologies India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Netweb Technologies India IPO will be done on Monday, 24 July 2023, and the allotted shares will be credited to your demat account by Wednesday, 26 July 2023.
Check the IPO allotment status.
The Netweb Technologies India IPO listing date is 27 July 2023
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