Netweb Technologies IPO Launch Today: GMP, Key Insights
On July 17, Netweb Technologies India will launch its initial public offering (IPO), opening its doors to the general public for subscription. The three-day IPO subscription period will end on July 19 and last for three days.
The Netweb Technologies IPO consists of new shares valued at Rs 206 crore and an offer-for-sale by current promoters and shareholders to sell up to 85 lakh additional shares.
The public offering, which will be priced between Rs 475 and Rs 500 a share, intends to raise a significant Rs 631 crore for the firm at the top band price.
Following the initial public offering (IPO), shares of Netweb Technologies will begin trading on the BSE and NSE stock exchanges on July 27. The IPO allotment date is anticipated to be July 24.
Retail investors are eligible to apply for up to 13 lots, each of which contains 30 shares.
High-end Computing Solutions (HCS) are the area of expertise of Netweb Technologies India Ltd., which also serves IT, IT-enabled services, entertainment, media, BFSI, national data centres, and government agencies.
The business has 16 offices across India and a production plant in Faridabad, Haryana. Notably, 11 times the prestigious list of the top 500 supercomputers in the world has included one of NTIL’s three supercomputers.
Netweb Technologies obtained 51 crore through pre-IPO placements at a price of 500 per share prior to the IPO. Important institutional investors like LG Family Trust and Anupama Kishore Patil contributed to the investments.
The firm had impressive development in the fiscal year 2023, with revenues rising by 80% YoY to Rs 445 crore from Rs 247 crore the year before. During the same time period, net profit increased by a factor of two, from Rs 22.5 crore to Rs 47 crore. EBITDA margins also increased, rising from 10.1% in FY21 to 15.7% in FY23.
Today’s Netweb Technologies IPO GMP:
Market watchers now estimate that the Netweb Technologies IPO GMP is Rs 365 per share. This implies that Netweb Technologies’ unlisted shares are trading at a premium of Rs 365 per share.
It is projected that Netweb Technologies shares will be listed for Rs 865 a share on the exchanges, which would be a significant 73% premium when compared to the IPO price and the current GMP.
About Netweb Technologies:
With a focus on providing supercomputing systems, private cloud and HCI, data centre servers, AI systems and enterprise workstations, and HPS solutions, Netweb Technologies is a prominent Indian-owned and operated OEM in the HCS industry. The firm is well-positioned to have a significant influence on the industry because to its fully integrated design and production capabilities.
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