Netweb Tech files draft IPO papers with SEBI
Netweb Technologies India Ltd has filed the draft papers with the Securities Exchange Board of India (Sebi) to raise finances through an original public immolation. The IPO will involve fresh issue of shares worth Rs 275 crore and an offer- for- trade of over to 8.50 million shares by the company’s being shareholders and promoters. The OFS will include up to 2.86 million shares by Sanjay Lodha, over to 1.43 million shares each by Navin Lodha, Vivek Lodha, and Niraj Lodha, and over to 1.35 million shares by Ashoka Bajaj motorcars Pvt Ltd. Equirus Capital and IIFL Securities are the lead directors to the issue.
Around Rs32.77 crore from the finances raised from the issue will be used for civil construction of the structure for the face mount technology (SMT) line, interior development, and equipping the new SMT line installation by copping necessary outfit and ministry. The company plans to allocate Rs 128 crore for its working capital conditions, and Rs22.50 crore for prepayment of its outstanding debt.
Netweb is a provider of high- end computing results (HCS) in India, boasting complete integrated design and manufacturing capabilities. As a commanding Indian- possessed and controlled OEM in the HCS request, it specialises in supplying supercomputing systems, private pall and HCI, data center waiters, AI systems and enterprise workstations, and HPS results.
In FY22, the company reported a substantial on- time increase in profit, from Rs142.79 crore to Rs247.03 crore. Net profit for the period jumped from Rs8.23 crore to Rs22.45 crore and the EBITDA periphery increased to 14.37 percent from 11.13 percent. As of September 2022, the company’s total borrowings amounted to Rs27.59 crore. As of February 2023, the company’s total order book stood at Rs98.12 crore, down from Rs127.99 crore in FY22.
About Netweb Technologies India Ltd
About us Netweb is one of India’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Our HCS offering comprises HPC, Private cloud and (HCI), AI systems and enterprise workstations, High performance storage (HPS) and Data Centre Servers
LEADING-EDGE TECHNOLOGY -We offer a full stack of product and solution suite with comprehensive capabilities in designing, developing, implementing and integrating high performance computing solutions. Our deep expertise in system design and architecture, has helped us innovate and build bespoke solutions. Our proprietary designs are cloud native which, in addition to technological benefits, are capable of catering to the evolving needs of customers. We cater to marquee customers across various end-user industries such as IT, ITES, BFSI, National Data Centers and Govt. entities such as Defence, Education and Research and Development Institutions
RESEARCH AND DEVELOPMENT -Our R&D team’s in-depth understanding of high-end computing solutions, their ability to meet the advanced technological challenges and their constant efforts at innovation, coupled with experience in working on innovative products in India, enable us to stay at the forefront of technological evolution and anticipate and envision the future needs of our customers and the market.
TECHNICAL CAPABILITIES -Our technical capabilities are reflected in our bouquet of HCS offerings. We are focused on developing refined, customized computing systems to address the high-end computational requirements of our customers. Through our technical innovation and design capabilities we offer a full stack of product and solution suite from design and assembly of printed circuit boards to manufacture of complete electronic systems.