Netweb Technologies India Ltd. specializes in High-end Computing Solutions (HCS) and serves various sectors, including IT, IT-enabled services, entertainment, media, BFSI, national data centers, and government entities. They have a manufacturing facility in Faridabad, Haryana, and 16 offices across India. NTIL's 3 supercomputers have been listed among the world's top 500 supercomputers 11 times.
Netweb technologies witnessed a significant increase in revenue operation in current fiscal year to Rs. 445 crore compared to Rs.247 crore previous year. The net profit more than doubled from Rs. 22.45 crore to Rs. 47 crore during the same period.
The IPO is expected to generate approx Rs.631 crore. The Company plan to utilize Rs. 32.77 crore for Capital expenditure, Rs. 128.02 crore for long term working capital support, Rs. 22.5 crore for debt payment and the remainder for general corporate purpose.
IPO open : July 17, 2023 IPO close : July 19, 2023 IPO Size : Approx Rs. 631 crore IPO price band : Rs. 475 to Rs. 500 per share Minimum lot size : 1 lot size of 30 share of Rs. 15000/-
As per the current GMP share price available at a premium of Rs. 338/- and listing price expected to be around Rs. 838/-(500+338). Many experts expected more than 70% listing gain.