Netweb Technologies IPO opens today; Check GMP, other details here. Should you apply?
₹206 crore and an offer-for-sale of up to 85 lakh shares by its existing promoters and shareholders. The company has set the price band for the public issue at ₹475-500 per share. At the upper band price, the company expects to raise ₹631 crore through the IPO.
Post the public offer, Netweb Technologies shares will be listed on the stock exchanges BSE and NSE on July 27. The lot size for the Netweb Technologies IPO is 30 shares and retail investors can apply up to 13 lots. Also Read: Netweb Technologies IPO: Price band fixed at ₹475-500 per share; Check details here Netweb Technologies India Ltd.
specializes in High-end Computing Solutions (HCS) and serves various sectors, including IT, ITenabled services, entertainment, media, BFSI, national data centers, and government entities. The company operates a manufacturing facility in Faridabad, Haryana, and has 16 offices across India. NTIL’s 3 supercomputers have been listed among the world's top 500 supercomputers 11 times. The company has raised ₹51 crore from pre-IPO placement at an issue price of ₹500 per share from marquee institutional investors, including LG Family Trust, and Anupama Kishore Patil, among others.
In FY23, the company’s revenue rose by 80% YoY to ₹445 crore, compared to ₹247 crore in the previous year. Its net profit doubled to ₹47 crore during the same period from ₹22.5 crore. EBITDA margins expanded to 15.7% in FY23 from 10.1% in FY21.
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