Netweb Tech India IPO

Netweb Tech India Limited

₹14,250 /30 sharesMinimum Investment

Netweb Tech India IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹500.00₹947.00₹447.00 (89.40%)

Netweb Tech India IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
17 Jul ‘23 - 19 Jul ‘23₹14,25030₹475 - ₹500
Issue SizeIPO Doc
631.00Cr
RHP PDF

Subscription Status As on 19 Jul '23, 5:00 PM

  • Qualified Institutional Buyers
    228.91x
  • Non-Institutional Investor
    81.80x
  • Retail Individual Investor
    19.14x
  • Employees
    53.04x
  • Total
    90.35x

About Netweb Tech India

Incorporated in 1999, Netweb Tech India is a high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Its 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 centre servers and software services. The company offers a comprehensive range of products and solution suites, encompassing the entire spectrum of designing, developing, implementing, and integrating high-performance computing solutions. ;
Parent Organisation
Netweb Tech India Limited
Founded
1999
Managing Director
Mr Sanjay Lodha

Strengths & Risks

  • It is one of the select OEMs in India to avail of production-linked incentives under the IT Hardware PLI Scheme and the Telecom and Networking PLI Scheme, both instituted by the Government of India.
  • The company has undertaken installations of over 300 supercomputing systems, 50 private cloud and HCI installations, 4,000 accelerator/GPU-based AI systems and enterprise workstations, and HPS solutions with throughput storage of up to 450 GB/sec.
  • The company’s list of customers include IIT Jammu, IIT Kanpur, Airamatrix, NMDC Data Centre, Graviton, INST, HL Mando, IIT Naya Raipur, JNU, Hemvati University, Akamai, APT Portfolio, Yotta Data, CUHP University, and an R&D organisation affiliated with the Ministry of Electronics and Information Technology.
  • Currently, the company serves a customer base of 2,011 clients.
  • The company has collaborations with Intel Americas, Inc., Advanced Micro Devices, Inc., Samsung India Electronics Private Limited, Nvidia Corporation, and Seagate India Private Limited.
  • Netweb Tech India's success hinges on its relationships with its top 10 customers. However, the company faces the risk of losing these established customers due to the absence of long-term contracts, which leaves them vulnerable to customer attrition.
  • The company's primary revenue stream relies heavily on a few offerings in the HCS sector. Any decrease or decline in demand for these offerings could harm the company's overall business, manufacturing revenue, and financial position.
  • Investors looking to measure the company's performance have limited options for comparison, as there are no comparable publicly listed peer companies in India or internationally that provide similar HCS offerings. Consequently, investors must analyse the company's accounting ratios to make informed investment decisions regarding this offering.
  • From 2021 to 2023, the company experienced low-capacity utilisation.
  • The company does not engage in hedging transactions to manage its foreign currency exposure. Consequently, losses resulting from fluctuations in foreign currency exchange rates can adversely affect the company's business operations and overall financial condition.
  • A substantial portion of the company's orders comes from government-related entities, usually awarded through a tender process. Failing to secure these contracts or being forced to lower bid values could harm the company's performance.
  • In 2021, the company experienced negative cash flows from operating activities.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular475 - 500₹2 Lakh
Employee450 - 475₹2 Lakh
High Networth Individual475 - 500₹2 - 5 Lakh
For Netweb Tech India IPO, eligible investors can apply as Regular & Employee.
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