Netweb Technologies is a leading company in India that provides advanced computing solutions. They specialize in designing and manufacturing high-performance computing systems. Their HCS offerings include powerful computers, private cloud services, AI systems, storage solutions, and more. Netweb Technologies is known for its expertise in supercomputing. They are one of the major companies in India when it comes to installing high-performance computing systems. Their supercomputers have been recognized as some of the best in the world, appearing multiple times in the top 500 list.
To support their operations and growth, Netweb Technologies has decided to launch an initial public offering. This allows them to raise funds by offering shares to the public. The IPO subscription period started on July 17, 2023, and will close on July 19, 2023. They aim to raise around ₹631 crores through the IPO. The IPO has different quotas for different types of investors. Retail investors have a 35% quota, Qualified Institutional Buyers (QIB) have a 50% quota, and Non-Institutional Investors (NII) have a 15% quota. These allocations ensure that various investor segments can participate in the IPO.
For retail investors, the minimum requirement is to apply for 30 shares, with an application amount of ₹15,000. This means that retail investors need to invest at least ₹15,000 and apply for a minimum of 30 shares. Once the IPO subscription period ends, Netweb Technologies’ shares will be listed on the BSE and NSE, which are the major stock exchanges in India. Investors will be able to buy and sell the company’s shares on these exchanges.
NETWEB TECHNOLOGIES COMPANY PROMOTERS
Netweb Technologies is a reputable company in India that specializes in advanced computing solutions. They have a team of dedicated promoters who have played a significant role in the company’s growth and success. The promoters of Netweb Technologies are Mr. Sanjay Lodha, Mr. Navin Lodha, Mr. Vivek Lodha, and Mr. Niraj Lodha. These individuals have been instrumental in shaping the company’s direction and have contributed to its achievements. With their expertise and strategic leadership, Netweb Technologies has become a leading provider of high performance computing systems, offering services such as private cloud solutions, AI systems, storage solutions, and more. Netweb Technologies has decided to launch an initial public offering to raise funds for its continued growth. This IPO presents an opportunity for investors to participate in the company’s success and potentially benefit from its future prospects.
NETWEB TECHNOLOGIES IPO INVESTOR CATEGORIES
|Qualified Institutional Buyers||Financial Institutions, Banks, FIIs, and Mutual Funds|
|Non-Institutional Investors||Individual Investors, NRIs, Companies, Trusts, etc|
|Retail Individual Investors||Retail Individual Investors or NRIs|
NETWEB TECHNOLOGIES IPO MARKET LOT
OBJECTS OF THE ISSUE
In order to achieve their financial objectives, companies focus on various funding requirements and financial purposes. This article explores four key areas where companies allocate their funds for growth and debt management.
Funding Investments in Assets: To support their expansion and upgrade projects, companies require capital. This capital is used to invest in long-term assets such as equipment, property, and infrastructure. By securing funds for these investments, companies can enhance their operations and technological capabilities.
Supporting Ongoing Operations: Maintaining sufficient working capital is essential for companies to cover day-to-day expenses and manage inventory levels. While regular cash flows often fulfill short-term working capital needs, some companies require additional funding to support their continuous operations, especially during periods of growth or expansion.
Reducing Debt: Managing debt is a crucial aspect of financial management. Companies allocate funds to repay or pre-pay existing borrowings. This strategy helps them reduce their overall debt burden, lower interest expenses, and improve their financial standing. By prioritizing debt reduction, companies can enhance their financial flexibility.
Utilizing Funds for General Corporate Purposes: Apart from specific funding requirements, companies also allocate funds for general corporate purposes. These purposes include financing mergers and acquisitions, investing in research and development, marketing initiatives, employee hiring and training, and expanding into new markets. By utilizing funds for these purposes, companies can drive overall growth and strategic initiatives.
NETWEB TECHNOLOGIES COMPANY FINANCIAL REPORT
NETWEB TECHNOLOGIES IPO IMPORTANT DATES AND DETAILS
|IPO Open||July 17, 2023|
|IPO Close||July 19, 2023|
|IPO Size||Approx ₹631 Crores|
|Fresh Issue||Approx ₹206 Crores|
|Offer for Sale||Approx 8,500,000 Equity Shares|
|Face Value||₹2 Per Equity Share|
|IPO Price Band||₹475 to ₹500 Per Share|
|IPO Listing on||BSE & NSE|
|Employee Discount||₹25 per share|
|Basis of Allotment||24 July 2023|
|Refunds||25 July 2023|
|Credit to Demat Account||26 July 2023|
|IPO Listing Date||27 July 2023|
When Netweb Technologies IPO Subscription will start?
The IPO subscription starts on July 17, 2023 for QIB, NII, and Retail Investors.
What is the Netweb Technologies IPO Allotment Date?
Netweb Technologies IPO allotment date is July 24, 2023.
What is the Netweb Technologies IPO Listing Date?
Netweb Technologies IPO listing date is July 27, 2023. The IPO is to list on BSE and NSE.
What is Netweb Technologies IPO?
Netweb Technologies IPO is a main-board IPO. They are going to raise ₹631 Crores via IPO. The issue is priced at ₹475 to ₹500 pr equity share. The IPO is to be listed on BSE & NSE.
What is Netweb Technologies IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to subscribe Netweb Technologies IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do I check live Netweb Technologies IPO Subscription Numbers Today?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.
How to Apply the Netweb Technologies IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Netweb Technologies”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Netweb Technologies IPO through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Netweb Technologies” Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
How to Apply the Netweb Technologies IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Netweb Technologies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.