Netweb Technologies IPO Date, Price, Review
Netweb Technologies IPO: Know everything about Netweb Technologies IPO. Netweb Technologies India Limited IPO Date, Netweb Technologies IPO Review and analysis. We will discus about Netweb Technologies IPO Benefits & Risks. Also, all information related to Netweb Technologies IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Netweb Technologies IPO
Netweb Technologies India Limited is an information technology and services company based in India. Netweb Technologies Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 631 crore through IPO (Initial public offering).
Netweb Technologies IPO will open on 17 July 2023 and close on 19 July 2023. The price band of the Netweb Technologies IPO is ₹475 to ₹500. Netweb Technologies IPO size is 631 Crores. The offer includes 206 Crores under fresh issue and 425 Crores under offer for sale. Netweb Technologies IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Netweb Technologies IPO listing date is 27 July 2023. You can know about Netweb Technologies IPO GMP (Grey Market Premium) below.
Netweb Technologies has given good financial performance. The company made a profit of ₹46.94 crores in the financial year 2023 (March 2023). The IPO of Netweb Technologies will be listed on NSE and BSE. Netweb Technologies IPO face value is ₹2 per equity share.
We will talk about Netweb Technologies' financials, benefits, and risks of investing in the company.
About Netweb Technologies Limited
The company specializes in offering a wide range of IT solutions and services to clients globally. With its headquarters in Mumbai, India, Netweb Technologies has established a strong presence in the IT industry since its inception in 1996.
The company's service offerings encompass various domains, including software development, web development, mobile application development, cloud computing, cybersecurity, digital marketing, IT consulting, and infrastructure management. Netweb Technologies caters to clients across diverse industries, including healthcare, finance, retail, manufacturing, and government sectors.
Netweb Technologies takes pride in its team of skilled professionals who possess expertise in cutting-edge technologies and industry best practices. The company leverages its technical prowess to deliver tailored solutions that address clients' unique business needs and challenges. Through a client-centric approach, they strive to build long-term relationships and provide continuous support to ensure client satisfaction.
In addition to its service offerings, Netweb Technologies has a strong focus on research and development. They stay updated with the latest technological advancements and trends to offer innovative solutions to their clients. The company also emphasizes investing in employee training and development to maintain a high level of technical proficiency and deliver top-notch services.
Netweb Technologies has established itself as a trusted partner for numerous national and international clients, earning a reputation for reliability, quality, and timely delivery. Their commitment to excellence, strong industry experience, and customer-centric approach have contributed to their growth and success over the years.
Overall, Netweb Technologies India Limited is a prominent IT services company that combines technical expertise, innovation, and a customer-first approach to deliver comprehensive solutions that empower businesses to achieve their goals in the ever-evolving digital landscape.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Netweb Technologies IPO Date and Price Band Details
| IPO Open: | 17 July 2023 |
| IPO Close: | 19 July 2023 |
| Listing Date: | 24 July 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹631 crores |
| Fresh Issue: | Approx ₹206 crores |
| Offer For Sale: | Approx ₹425 crores |
| Price Band: | ₹475 to ₹500 per share |
| Face Value: | ₹2 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Netweb Technologies IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 30 Shares |
| Minimum Amount: | ₹15,000 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 390 Shares |
| Maximum Amount: | ₹195,000 |
Netweb Technologies IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 17 July 2023 |
| IPO Closing Date: | 19 July 2023 |
| Basis of Allotment: | 24 July 2023 |
| Refund Date: | 25 July 2023 |
| Credit to Demat Account: | 26 July 2023 |
| Listing Date: | 27 July 2023 |
Netweb Technologies IPO Review
| Happiest Post | Apply |
| Dilip Davda | May Apply |
| Capital Market | Apply |
| Axis Capital | Not Rated yet |
| HDFC Securities | Not Rated yet |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Motilal Oswal | Not Rated yet |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Netweb Technologies IPO on our website.
Netweb Technologies Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Netweb Technologies India Ltd is one of the top high-end computing solutions (HCS) providers in India, and they compete in a highly competitive, technologically advanced market.
- The company has a good Financial performance track record and steady expansion.
- Netweb Tech has Board and senior management with experience.
- Netweb Technologies has a strong focus on research and development.
- The company has a diversified product portfolio.
- Netweb Technologies has established itself as a trusted partner for many domestic and international clients.
Risks
- A large amount of the company's revenues come from a small number of customers. The company exclusively relies on its top 10 customers.
- The company operates a small number of its HCS services, which account for the bulk of its profits. A reduction or decline in demand for such offerings may have a negative impact on the company.
- Most of their operating income comes from a few select application industries.
- A significant amount of the company's orders come from government-affiliated organizations, and these organizations issue contracts, if the company loses customers to these organizations, it will directly impact the company's revenue.
Netweb Technologies Ltd Financials
Netweb Technologies Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2020 | ₹50.59 | ₹157.23 | ₹3.91 |
| 2021 | ₹110.20 | ₹144.29 | ₹8.23 |
| 2022 | ₹148.61 | ₹247.94 | ₹22.45 |
| 2023 | ₹265.95 | ₹445.65 | ₹46.94 |
Promoters
- Sanjay Lodha
- Navin Lodha
- Vivek Lodha
- Niraj Lodha
Contact Details of Netweb Technologies
Plot No H-1, Pocket 9,
Faridabad Industrial Town
(FIT), Sector-57, Ballabhgarh,
Faridabad, Haryana – 121004
Telephone: +91 1292310416
E-mail: complianceofficer@netwebindia.com
Website: www.netwebindia.com
Netweb Technologies Lead Managers
- IIFL Securities Limited
- Equirus Capital Private Limited
Netweb Technologies IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: netwebtechnologies.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Looking at the financial position of Netweb Technologies India Limited, the track record has been great. In the financial year 2023, the company had a profit of Rs 46.94 crore. The company operates in many different sectors, mainly in IT and high-end computing solutions (HCS). Our suggestion is that you can apply for great listing gain and long-term holding. Stay tuned for more updated information. Netweb Technologies Limited IPO financial details and other information are given above.
Netweb Technologies IPO FAQs
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