Incorporated in 1999, Netweb Technologies India Limited provides high-end computing solutions (HCS).
Netweb Technologies' HCS offerings comprise:
- 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, and
- Software and services for our HCS offerings.
Netweb Technologies designs, manufactures and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. It develops homegrown compute and storage technologies, and deploys supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organizations, particularly, under India's National Supercomputing Mission. Two of the company's supercomputers have been listed 10 times in the world's top 500 supercomputers.
As of February 28, 2023, the company has undertaken installations of over 300 Supercomputing systems, over 50 private cloud and HCI installations, over 4,000 accelerator / GPU-based AI systems and enterprise workstations, and HPS solutions with throughput storage of up to 450 GB/ sec.
Netweb Technologies caters to marquee customers across various end-user industries such as information technology, information technology-enabled services, entertainment and media, banking, financial services and insurance (BFSI), national data centres, and government entities including in the defence sector, education and research development institutions (Application Industries) such as 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).
The company also caters to an Indian Government space research organization and an R&D organization of the Ministry of Electronics and Information Technology, Government of India which is involved in carrying out R&D in information technology and electronics and associated areas including Supercomputing.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding capital expenditure requirements for: Civil construction of the building for the surface mount technology (SMT) line and interior development; and Purchase of equipment/machineries for our new SMT production line (SMT Line); | ₹32 |
| 2 Funding our long term working capital requirement; | ₹128 |
| 3 Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings; and | ₹23 |
| 4 General corporate purposes. | ₹11 |
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Total Assets | 51 | 110 | 149 |
| Revenue | 157 | 144 | 248 |
| PAT | 4 | 8 | 22 |
| Net Worth | 14 | 22 | 44 |
| Reserves | 8 | 16 | 39 |
| Total Borrowing | 15 | 31 | 34 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 6,300,500 (50%) | — |
| NII / HNI | — | 1,890,150 (15%) | — |
| Retail (RII) | — | 4,410,350 (35%) | — |
| Employee | — | 20,000 (0%) | — |
| Total | — | 12,621,000 (100%) | — |
* Amount calculated at upper price band (₹500) · ** Total includes all investor categories
- 1 Initiation of Refund 25 Jul 2023
- 2 Credit of Shares to Demat 26 Jul 2023
- 3 Lock-in Period (30%) August 23, 2023
- 4 Lock-in Period (50%) October 22, 2023
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
- The IPO P/E of 60x reflects a weak valuation relative to typical market ranges.
- Pre-issue EPS of ₹9.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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