The Netweb Technologies Limited IPO started on July 17, 2023, and ended on July 19, 2023. Shares were allocated on July 24, 2023, and refund processes began on July 25, 2023. On July 26, 2023, the shares were credited to investors demat accounts. Netweb Technologies was officially listed on the stock exchange on July 27, 2023.
During the IPO, Netweb Technologies offered shares at a price range of ₹475 to ₹500 per share, and the lot size was 30 shares. The total issue size was ₹631 crores, with ₹206 crores from new shares and ₹425 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Netweb Technologies IPO Subscription Status Details
The Netweb Technologies IPO has been subscribed by different categories of investors. The retailers have subscribed to it 19.48 times, while the Non-Institutional Investors (NII) have subscribed 83.21 times. The Qualified Institutional Buyers (QIB) have subscribed 220.69 times.
| Category | Subscription |
| QIB | 220.69x |
| NII | 83.21x |
| Retail | 19.48x |
| Employee | 55.92x |
| Total | 90.55x |
Netweb Technologies India Limited, established in 1999, specializes in providing advanced computing solutions known as High-End Computing Solutions (HCS).
Netweb Technologies HCS offerings include:
- High-performance computing (Supercomputing / HPC) systems.
- Private cloud and hyper-converged infrastructure (HCI).
- AI systems and enterprise workstations.
- High-performance storage (HPS / Enterprise Storage System) solutions.
- Data center servers.
- Software and services related to HCS.
The company designs, manufactures, and deploys HCS, which consist of proprietary middleware solutions, user utilities, and precompiled application stacks. They develop their own compute and storage technologies and deploy supercomputing infrastructure to fulfill the growing computational needs of businesses, academia, and research organizations. Netweb Technologies has achieved global recognition with two of its supercomputers consistently ranking among the top 500 supercomputers worldwide.
As of February 28, 2023, Netweb Technologies has successfully installed over 300 supercomputing systems, more than 50 private cloud and HCI setups, over 4,000 AI systems and enterprise workstations based on accelerators/GPUs, and high-performance storage solutions capable of throughput storage up to 450 GB/sec.
Netweb Technologies serves prestigious clients across diverse industries, including information technology, IT-enabled services, entertainment, media, banking, financial services, insurance (BFSI), national data centers, and various government entities such as defense, education, and research development institutions. Some notable clients include Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited (NMDC Data Centre), Airamatrix Private Limited (Airamatrix), Graviton Research Capital LLP (Graviton), Institute of Nano Science and Technology (INST), HL Mando Softtech India Private Limited (HL Mando), Dr. Shyam Prasad Mukherjee International Institute of Information Technology, Naya Raipur (IIIT Naya Raipur), Jawaharlal Nehru University (JNU), Hemvati Nandan Bahuguna Garhwal University (Hemvati University), Akamai India Networks Private Limited (Akamai), A.P.T. Portfolio Private Limited (A.P.T.), and Yotta Data Services Private Limited (Yotta).
Additionally, the company serves a prominent Indian government space research organization and an R&D organization under the Ministry of Electronics and Information Technology, Government of India. These organizations focus on research and development in information technology, electronics, and related areas, including supercomputing.
Netweb Technologies IPO More Details Click Here
When Netweb Technologies IPO Subscription will start and end?
The Netweb Technologies IPO started on July 17, 2023, and ended on July 19, 2023.
When Netweb Technologies IPO Subscription will start?
The Netweb Technologies IPO started on July 17, 2023.
When Netweb Technologies IPO Subscription will end?
The Netweb Technologies IPO ended on July 19, 2023.
When were the shares credited to investors demat accounts for the Netweb Technologies IPO?
The shares for the Netweb Technologies IPO were credited to investors demat accounts on July 26, 2023.
When was Netweb Technologies officially listed on the stock exchange?
Netweb Technologies was officially listed on the stock exchange on July 27, 2023.
What was the price range of the Netweb Technologies IPO shares?
The Netweb Technologies IPO shares were offered at a price range of ₹475 to ₹500 per share.
What was the lot size for the Netweb Technologies IPO shares?
The lot size for the Netweb Technologies IPO shares was 30 shares.
What was the total issue size of the Netweb Technologies IPO?
The total issue size of the Netweb Technologies IPO was ₹631 crores.
How were the shares allocated among different types of investors for the Netweb Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Netweb Technologies IPO listed?
The Netweb Technologies IPO was listed on both the NSE and BSE.
