Grab the Opportunity: Netweb Technologies IPO Shares Priced between INR 475 to 500!

Date : 14/07/2023
Read: 3 mins

Interested in a lucrative opportunity? Netweb Technologies IPO offers an enticing share price range of INR 475-500. Read this article to make an informed investment decision.

Netweb Technologies IPO Shares Priced between INR 475 to 500

Get ready for an exhilarating opportunity in the world of investments as Netweb Technologies unveils its highly anticipated IPO price range! With the offering set to open on July 17 and close on July 19, the stakes are high and the excitement is palpable. Netweb Technologies has set the price band for its IPO at an enticing range of INR 475-500 per share, promising potential investors a chance to be part of something big. Read on to discover more about this groundbreaking IPO and how you can be a part of it.

Anchor bidding scheduled for July 14
IPO shares to be allotted on July 24
Fresh issue of INR 206 crore
INR 51 crore raised in pre-IPO funding

About Netweb Technologies

Netweb Technologies is a top-notch HCS provider that offers a wide range of products and services, including super-computing systems, private cloud, data centre servers, enterprise workstations and more. Important points about the company are mentioned below:

Netweb Technologies is eligible for incentives under the Government of India’s IT Hardware PLI Scheme, allowing them to manufacture servers
They are also eligible for the incentives under Telecom & Networking PLI Scheme, enabling them to manufacture networking and telecom products
In FY23, Netweb Technologies reported a revenue of INR 444.97 crore, up from INR 247.03 crore in the previous year
Net profit for FY23 was INR 46.94 crore, compared to INR 22.45 crore of the previous year
The EBITDA margin increased to 15.89 per cent from 14.37 per cent
The company’s net debt for FY23 was INR 28.51 crore
As of May 2023, the company’s total order book was INR 90.21 crore, up from INR 71.19 crore in FY23
The firm catered to 2,011 customers in FY23, of which 317 were repeat customers

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Important details of Netweb Technologoes IPO:

July 14 is the scheduled date for anchor bidding
IPO shares will be allotted on July 24, credited to demat accounts on July 26, and listed on exchanges on July 27
The IPO includes a fresh issue of INR 206 crore. At the upper band price, the company aims to raise INR 632 crores
The IPO includes an offer-for-sale of up to 8.5 million shares by existing promoters and shareholders, including Sanjay Lodha, Niraj Lodha, Vivek Lodha, Navin Lodha, and Ashoka Bajaj Automobiles LLP
Netweb Technologies will use the proceeds from its IPO to fund capital expenditure (INR 32.29 crores), long-term working capital (INR 128 crores), and debt repayment (INR 22.50 crores).
Netweb Technologies secures INR 51 crore in pre-IPO funding from Anupama Kishore Patil, LG Family Trust, and other institutional investors
The lead managers of the issue are IIFL Securities and Equirus Capital

Also Read: 3 Companies Get Sebi Nod to Float IPOs: Nova Agri, Netweb Tech India, EMS

Conclusion

The company has shown strong financial performance and is well-positioned to benefit from government incentives. This IPO could be a great chance to invest in a promising company with a bright future.