netweb technologies ipo: Netweb Technologies IPO to open on Monday. 10 things to know about the public offer

The initial public offering (IPO) of Netweb Technologies will open for subscription on July 17 and stay till July 19. The company’s shares are expected to get listed on both the exchanges. Here are 10 things to know about the issue.

  1. What is the business overview of Netweb Technologies?
    Netweb Technologies, an HCS (high-end computing solutions) provider based in India, serves a diverse range of Indian and multinational customers. The company’s HCS offerings comprises high performance computing systems, private cloud and hyperconverged infrastructure, AI systems and enterprise workstations, high performance storage, data centre servers and software and services.
  2. What is the industry overview of Netweb Technologies?
    High-end computing solutions industry is a rapidly evolving and technologically advanced one that requires the vendors to stay abreast of the developments and improve and customise their designs, and hardware and software offerings. HCS offerings make it possible for organizations to create more efficient operations, reduce downtime and improve worker productivity.
  3. What is the size of the Netweb Technologies IPO?
    The IPO of Netweb comprises a fresh issue of equity shares up to Rs 206 crore and an offer-for-sale (OFS) of up to 8.5 million equity shares by promoter selling shareholders.
  4. Who are the selling shareholders under the OFS?
    Under the OFS, Sanjay Lodha will offload 2.8 million shares, while Navin Lodha, Niraj Lodha and Vivek Lodha will sell 1.43 million shares each.
  5. What is the price band for the Netweb Technologies IPO?
    The company has fixed the price band at Rs 475-500 per equity share for its public offer. Investors can bid for a minimum of 30 shares and in multiples thereafter.
  6. What is the structure of the Netweb Technologies IPO?
    About 50% of the net offer is reserved for the QIB portion, 15% for NII category and 35% for retail investors.
  7. How is the financial performance of Netweb Technologies?
    For the year ending March 2022, the company clocked revenues of Rs 445 crore, while profit stood at Rs 46.9 crore in the same period.
  8. What are the objects of the Netweb Technologies IPO?
    Proceeds from the issue will be used for funding its capital expenditure, long-term working capital, and repayment, in full or in part, of debt.
  9. What is the current GMP of Netweb Technologies?
    According to market analysts, the current GMP of Netweb Technologies is around Rs 300-315 per share in the unlisted market.
  10. Who are the book running lead managers to Netweb Technologies IPO?
    Equirus Capital and IIFL Securities are the book-running lead managers and Link Intime India Private Limited is the registrar for the offer.

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