Computing solutions provider Netweb Technologies India opens IPO for public subscription on July 17th (Netweb Technologies IPO)
Netweb Technologies IPO : New Delhi, 17 july (City Times): Netweb Technologies India, a leading computing solutions provider, has announced the opening of its initial public offering (IPO) for public subscription starting on July 17th. The IPO, which will run for a period of three days, presents an opportunity for investors to participate in the growth of the company. With a fresh issue of shares worth ₹206 crore and an offer-for-sale of up to 85 lakh shares by existing promoters and shareholders, Netweb Technologies aims to raise ₹631 crore at the upper price band of ₹500 per share.
Netweb Technologies India specializes in high-end computing solutions (HCS) and caters to various sectors, including IT, IT-enabled services, entertainment, media, BFSI, national data centers, and government entities. The company operates a manufacturing facility in Faridabad, Haryana, and has established 16 offices across India. With its consistent focus on innovation and quality, Netweb Technologies has gained recognition globally, with three of its supercomputers being listed among the world’s top 500 supercomputers on multiple occasions. The company’s commitment to innovation, quality, and customer satisfaction has established its reputation as a reliable and trusted provider in the industry.
The financial performance of Netweb Technologies has been impressive, reflecting its consistent growth and market position. In the fiscal year 2022-23, the company experienced a substantial increase in revenue, reaching ₹445 crore, marking an impressive 80% year-on-year growth compared to the previous year’s ₹247 crore. This growth is a testament to the company’s successful execution of its business strategy and its ability to capitalize on market opportunities.
Netweb Technologies also achieved notable profitability during the same period, with net profit doubling to ₹47 crore. The company’s focus on operational efficiency and cost management has resulted in expanded EBITDA margins, which rose from 10.1% in FY21 to an impressive 15.7% in FY23.
Investors keen on participating in the Netweb Technologies IPO will have an opportunity to apply for shares. The lot size for retail investors is set at 30 shares, with an option to apply for up to 13 lots. Following the public offering, the shares of Netweb Technologies will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 27th. The IPO allotment is expected to take place on July 24th.
Analysts in the financial industry have expressed positive outlooks for the Netweb Technologies IPO, citing the company’s strong business potential, earnings growth, and reasonable valuations. Geojit Financial Services, a renowned financial institution, believes that Netweb Technologies is well-positioned to capitalize on the growth of the Indian IT industry. The company’s effective management, consistent growth, expanding product portfolio, and geographic presence contribute to its promising prospects. Geojit Financial Services recommends a “Subscribe” rating for the IPO on a short to medium-term basis.
Choice Broking, another respected brokerage firm, highlights the lack of comparable peers with similar business models and product offerings. They view Netweb Technologies’ valuation as reasonable, considering its business potential and expected earnings growth in the medium term. Choice Broking assigns a “Subscribe” rating for the IPO, endorsing it as an attractive investment opportunity.
Marwadi Shares and Finance, specializing in stock market investments, recognizes Netweb Technologies as one of India’s leading HCS providers. The company’s impressive track record of financial performance, consistent growth, and reasonable valuation compared to industry peers contribute to Marwadi Shares and Finance assigning a “Subscribe” rating to the IPO.
Investors are advised to conduct thorough research and consult with certified experts before making any investment decisions. The views and recommendations expressed by analysts and brokerage firms mentioned in this article do not represent the views of any particular publication or organization.
In conclusion, the Netweb Technologies IPO provides an exciting opportunity for investors to be part of the growth story of a leading computing solutions provider. With its strong financial performance and positive analyst recommendations, the company is well-positioned to capitalize on the evolving IT landscape in India and deliver value to its stakeholders. Disclaimer: The views and recommendations expressed by individual analysts and brokerage firms mentioned in this article do not represent the views of Mint. Investors are advised to consult certified experts before making any investment decisions.