Netweb Technologies India IPO: Check IPO Details, Date, Price | Espresso

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Netweb Technologies India Limited IPO opens on July 17. Check IPO Details Issue Date Price

July 14, 2023
Netweb Technologies India Limited IPO opens on July 17. Check IPO Details Issue Date Price

Netweb Technologies India Limited is coming out with a fresh public issue to raise Rs. 631 crores from the market.

Below are the details of the Netweb Technologies India Limited IPO:

  • Issue opens – July 17 (Monday)
  • Issue closes – July 19 (Wednesday)
  • Issue size – Rs. 631 crores
  • Price band – Rs. 475 to 500 per equity share
  • Bid lot – 30 shares and in multiples thereof.

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And here are some details of the company and further details on the Netweb Technologies India Limited IPO.

Company details:

  • Netweb Technologies India Limited are one of India’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. (Source: F&S Report). Their HCS offerings comprises (i) high performance computing (Supercomputing / HPC) systems; (ii) private cloud and hyperconverged infrastructure (HCI); (iii) AI systems and enterprise workstations; (iv) high performance storage (HPS / Enterprise Storage System) solutions; (v) data centre servers; and (vi) software and services for their HCS offerings. They are one of India’s leading Indian origin, owned and controlled OEM in the space of HCS providing Supercomputing systems, private cloud and HCI, data centre servers, AI systems and enterprise workstations, and HPS solutions. (Source: F&S Report).
  • They have undertaken installations of (i) over 300 Supercomputing systems, (ii) over 50 private cloud and HCI installations; (iii) over 4,000 accelerator / GPU based AI systems and enterprise workstations; and (iv) HPS solutions with throughput storage of up to 450 GB/ sec.
  • They cater to marquee Customers across various end-user industries such as information technology, information technology enabled services, entertainment and media, banking, financial services and insurance (BFSI), national data centres and government entities including in the defence sector, education and research development institutions (Application Industries) such as Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited (NMDC Data Centre), Airamatrix Private Limited (Airamatrix), Graviton Research Capital LLP (Graviton), Institute of Nano Science and Technology (INST), HL Mando Softtech India Private Limited (HL Mando), Dr. Shyam Prasad Mukherjee International Institute of Information Technology, Naya Raipur (IIIT Naya Raipur), Jawaharlal Nehru University (JNU), Hemvati Nandan Bahuguna Garhwal University (Hemvati University), Akamai India Networks Private Limited (Akamai), A.P.T. Portfolio Private Limited (A.P.T.), and Yotta Data Services Private Limited (Yotta), Centre for Computational Biology and Bioinformatics, Central University of Himachal Pradesh (CUHP University). They also cater to an Indian Government space research organisation and an R&D organisation of the Ministry of Electronics and Information Technology, Government of India which is involved in carrying out R&D in information technology and electronics and associated areas including Supercomputing.
  • They operate out of their manufacturing facility located in Faridabad, Haryana (Manufacturing Facility) which is equipped with capabilities to (i) design, develop, manufacture and test their products, and (ii) cater to their software and service portfolio. In addition to their registered office in Faridabad, they have 16 offices across India.
  • They collaborate with various technology partners, such as Intel Americas, Inc. (Intel), Advanced Micro Devices, Inc. (AMD), Samsung India Electronics Private Limited, Nvidia Corporation (Nvidia), and Seagate India Private Limited to design and innovate products and provide services tailored to specific customer requirements. They also independently design and innovate their products and solutions offerings and provide services tailored to specific customer requirements.

Issue Size:

Rs. 631 crores

Employee Reservation: 

Up to 20,000 Equity Shares

Employee Discount: 

Rs. 25 Per Equity Share

Net Issue break-up:

  • QIB – 50% of the offer – Rs. 315 crores
  • NIB – 15% of the offer – Rs. 95 crores
  • RET – 35% of the offer – Rs. 221 crores

Listing:

BSE and NSE

Registrar:

Link Intime Private Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Wednesday, July 19, 2023     

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