IPO Corner: Netweb Technologies India Ltd.

Delhi-NCR-based Netweb Technologies India Ltd (Netweb Technologies) one of country’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities has fixed the price band at ₹475 to ₹500 per Equity Share for its initial public offering of equity shares. The IPO will open on Monday, July 17, 2023, for subscription and closes on Wednesday, July 19, 2023. Investors can bid for a minimum of 30 Equity Shares and in multiples of 30 Equity Shares thereafter.

• Issue Opens: Monday, July 17, 2023
• Issue Closes: Wednesday, July 19, 2023.
• Price Band: ₹475 to ₹500 per Equity Share
• Face Value: Rs 2
• Minimum Bids: 30 Equity Shares and in multiples

Netweb Technologies is compliant with the ‘Make in India’ Policy of the Government and is one of the few OEMs in the country eligible to seek production linked incentives schemes of the Government of India for IT Hardware for manufacture of servers, and Telecom and Networking Products Manufacturing in India for the manufacture of networking and telecom products.

Netweb Technologies has both design and manufacturing capabilities in-house and have undertaken installation of over 300 supercomputing systems and over 4000 accelerator / GPU based AI systems and enterprise workstations as of May 2023. Intel Americas, Inc., Advanced Micro Devices, Inc., Samsung India Electronics Private Limited, Nvidia Corporation are some of the companies it collaborates with to design and innovate product offerings. It is a high-end computing solutions (HCS) provider based in India catering to many Indian and multinational Customers based in India and is planning to grow its geographical footprint in Europe, Middle East and Africa.

Between March 31, 2022 and May 31, 2023 it has almost doubled its order book value from Rs. 48.56 crore to Rs. 90.21 crore. However, a significant proportion of the orders are from government related entities which award the contract through a process of tender. Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. The Company’s performance could be adversely affected if it is not able to successfully bid for these contracts or required to lower its bid value.