Netweb Technologies India
Book Building issueMainboard₹631 Cr issue
+88.50%
Listing gain over issue price
Issue size
₹631 Cr
1 lot at cut-off
₹15,000
Lot size
30shares
Open
17 Jul 2023
Close
19 Jul 2023
Allotment
24 Jul 2023
Listing
27 Jul 2023
Listing performance
Issue price
₹500
Listed at
₹942.50
Listing-day close
₹910.50
Latest price
₹4,335.80
Close on 23 Oct 2026
Listing gain
+88.50%
Return since issue
+767.16%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 17 Jul 2023 – 19 Jul 2023
- Listing date
- 27 Jul 2023
- Face value
- ₹2 per share
- Issue price
- ₹500 per share
- Lot size
- 30 shares
- Issue type
- Book Building issue
- Total issue size
- ₹631 Cr
- Market cap at offer price
- ₹2,803 Cr
- Promoter holding
- 97.80% → 75.45% pre-issue → post-issue
- ISIN
- INE0NT901020
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Equirus Capital Ltd.
- Registered office
- Plot No H-1, Pocket 9, Faridabad Industrial Town (FIT), Sector-57, Ballabhgarh, Haryana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 37,80,300 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 30 shares per lot, in multiples, at ₹500
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹15,000 |
| Retail (max) | 13 | 390 | ₹1,95,000 |
| S-HNI (min) | 14 | 420 | ₹2,10,000 |
| S-HNI (max) | 66 | 1,980 | ₹9,90,000 |
| B-HNI (min) | 67 | 2,010 | ₹10,05,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
37,80,300
Anchor portion
₹189 Cr
at ₹500 per share
Valuation and performance
Valuation at offer price
₹500 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 9.22 | — |
| P/E (×) | 54.23 | — |
| Market cap | — | ₹2,803 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 68.01%
- ROCE
- 64.42%
- Debt / equity
- 0.30
- PAT margin
- 10.55%
- NAV per share
- ₹18.39
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Netweb Technologies India
Netweb Technologies India Limited, incorporated as a private limited company on September 22, 1999, and converted to a public limited company on November 18, 2022, is one of India's leading high-end computing solutions providers with fully integrated design and manufacturing capabilities. The company designs, manufactures, and deploys proprietary HCS offerings comprising middleware solutions, end-user utilities, and precompiled application stacks. Its HCS portfolio includes supercomputing/HPC systems, private cloud and hyperconverged infrastructure (HCI), AI systems and enterprise workstations, high-performance storage (HPS/Enterprise Storage System) solutions, data center servers, and software and services. The company serves customers across multiple application industries including higher education and research institutions (46.69% of FY2023 revenue), IT and ITES (24.83%), space and defence, and government entities. In FY2023, revenue from operations was ₹4,449.72 million with profit of ₹469.36 million.
Company Analysis
from RHPNetweb Technologies India Limited is a leading provider of high-end computing solutions (HCS) comprising supercomputing/HPC systems, private cloud and hyperconverged infrastructure, AI systems, enterprise workstations, high-performance storage solutions, data center servers, and related software and services, operating in India's technology and advanced computing sector.
Netweb Technologies India Limited, incorporated as a private limited company on September 22, 1999, and converted to a public limited company on November 18, 2022, is one of India's leading high-end computing solutions providers with fully integrated design and manufacturing capabilities. The company designs, manufactures, and deploys proprietary HCS offerings comprising middleware solutions, end-user utilities, and precompiled application stacks. Its HCS portfolio includes supercomputing/HPC systems, private cloud and hyperconverged infrastructure (HCI), AI systems and enterprise workstations, high-performance storage (HPS/Enterprise Storage System) solutions, data center servers, and software and services. The company serves customers across multiple application industries including higher education and research institutions (46.69% of FY2023 revenue), IT and ITES (24.83%), space and defence, and government entities. In FY2023, revenue from operations was ₹4,449.72 million with profit of ₹469.36 million.
High-end Computing Solutions (HCS)Information TechnologyAdvanced Computing/SupercomputingData Center SolutionsEnterprise Storage
Objects of the Issue
- Funding our capital expenditure requirements ₹322.86 million p.27
- Funding our long term working capital requirements ₹1,280.22 million p.27
- Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings ₹225.00 million p.27
- General corporate purposes p.27
- Funding working capital requirements p.49
- 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 the new SMT production line ₹322.86 million p.122
- Funding long term working capital requirement ₹1,280.22 million p.122
- Repayment or pre-payment, in full or in part, of certain outstanding borrowings ₹225.00 million p.122
- General corporate purposes [●] million (not to exceed 25% of Gross Proceeds) p.122
- Funding capex for setting up a new SMT (Surface Mount Technology) line at a manufacturing facility p.221
- Not specified in this document section
- The document does not explicitly state the objects/uses of the issue proceeds in this section
- Fresh Issue ₹2,060.00 million (revised from ₹2,570.00 million after Pre-IPO Placement reduction) p.434
Issue Structure
- Total Issue
- Up to [●] Equity Shares, aggregating up to ₹ [●] million
- Fresh Issue
- Up to [●] Equity Shares, aggregating up to ₹2,060.00 million
- Offer for Sale
- Up to 8,500,000 Equity Shares aggregating up to ₹ [●] million
- Price Band
- Price band of a minimum price of ₹ [●] per Equity Share (i.e. the Floor Price) and the maximum price of ₹ [●] per Equity Share (i.e. the Cap Price)
- Face Value
- ₹2 each
Business Model
The company earns revenue through the sale of high-end computing solutions (hardware and software integrated offerings) and related services. Its HCS offerings comprise both hardware components (servers, storage systems, workstations) and proprietary software solutions. The company operates on a design-to-manufacturing model with fully integrated capabilities. Revenue is generated from customers across government entities (53.19% in FY2023), higher education and research institutions, IT services companies, data centers, and other enterprises. Supercomputing systems and private cloud/HCI represented 72.32% of FY2023 revenue from operations.
Business Segments
High-end computing systems for scientific and research computing
Private cloud infrastructure and hyperconverged infrastructure solutions
High performance storage solutions for data center and enterprise applications
AI-enabled computing systems and enterprise-grade workstations
Servers for data center operations and cloud infrastructure
Software solutions and services related to HCS offerings including middleware, utilities and application stacks
Design, develop, manufacture and test high-performance computing servers including products such as Tyrone Cluster Manager, KUBYTS, VERTA, ParallelStor, Collectivo, SKYLUS and Tyrone Camarero AI Systems and GPU System
Provision of software solutions and service delivery related to high-performance computing systems
Bespoke supercomputing systems tailored with specialised hardware designs and architecture. Systems are scalable from 10 nodes to 1,000 nodes. Use proprietary Tyrone cluster management suite. Testing facility available for parallel computing codes.
Hyper-converged capabilities combining compute, storage, and network. Offerings include private cloud, hybrid cloud, cloud tools, HCI, and cloud native storage. Provides bespoke hardware and curated software stack.
Address requirements of supercomputing, machine learning and deep learning. Equipped with proprietary containerised application solution (KUBYTS). Support applications including CFD, CAD, CAM. Blockchain-based AI systems facility recently deployed.
Provide high throughput and high IOPs storage for enterprise computation users. Comprise unified storage solution, cloud native storage, parallel file system storage, surveillance, archival and object storage. Features include no single point of failure, scalability up to exabytes, high availability.
Extensive range of over 200 dual processor server models under Tyrone Camarero brand. Tailored for various customer needs from entry level to high-end mission-critical servers. Features include low rack space, high energy efficiency, GPU support, high storage capability up to 1 petabyte, all-flash storage servers.
Provide private cloud software stack designed for managed Kubernetes, open stack services, AI-machine learning and deep learning as a service, containers as a service, complex workloads including 5G enterprise cloud, 5G edge compute, private 5G and enterprise IT. Big Data centric solutions available.
Bespoke and tailored supercomputing systems with specialised hardware designs and architecture, ranging from 10 to 400 nodes (scalable up to 1,000 nodes). Uses Tyrone cluster management suite. Systems deployed include AIRAWAT (India's largest and fastest AI supercomputing system, ranked 75th globally) and PARAM YUVA-II (one of India's fastest and largest hybrid supercomputers). Over 300 installations since inception until May 31, 2023.
Hyper-converged infrastructure combining compute, storage, and network sold under Tyrone Skylus brand. Offerings include private cloud, hybrid cloud, cloud tools, HCI, and cloud native storage. Over 50 installations since inception until May 31, 2023 to marquee customers including Graviton, Akamai, A.P.T Portfolio, and Yotta Data.
AI systems and enterprise workstations with GPU/accelerator support, equipped with proprietary containerised application solution (Tyrone Kubyts). Designed for machine learning, deep learning, CFD, CAD, CMD applications. Enterprise workstations feature in-built liquid cooling. Over 4,000 accelerator/GPU based AI systems and enterprise workstations deployed since inception until May 31, 2023. Range of over 50 workstation models developed.
High throughput and high IOPs storage for enterprise computation. Products include unified storage (Tyrone Verta), cloud native storage (Tyrone Collectivo), parallel file system storage (Tyrone ParallelStor), and surveillance/object storage (Tyrone Collectivo with Fluid Input Output). Capable of 10 million IOPS and 100 GBps throughput (scalable to 450GBps), designs extendable up to 1,000 petabytes. Used across media, entertainment, IT, ITES, academia, banking, finance, insurance, e-commerce, defence, and media streaming.
Extensive range of over 200 dual processor server models under Tyrone Camarero brand. Designed with operational flexibility from entry-level to high-end mission-critical servers. Dual processor architecture with 2 CPU sockets providing high computing power. Customisable for low rack space consumption, high energy efficiency, wide GPU/accelerator support, high in-built storage (up to 1 petabyte), and all-flash storage. Received certificate of appreciation from Ministry of Electronics and Information Technology in December 2021.
Software services including private cloud software stack (managed Kubernetes, OpenStack services, AI-ML/DL as a service, containers as a service). Cloud solutions comprise deployment services including designing, application migration, VM migration, and application porting. Big Data solutions using Tyrone Camarero dense systems, Tyrone Cluster Management Suite, and Tyrone Collectivo storage. Machine learning solutions, with comprehensive algorithms, APIs including Java APIs, and distributed file systems like MapReduce and Hadoop.
Manufacturing and sale of computer servers which represented the Company's primary operating segment with revenue of ₹4,315.36 million in FY2023, accounting for the majority of total revenue from operations.
Design, manufacture and deploy high-performance computing systems with over 300 installations undertaken since inception, including India's largest and fastest AI supercomputing system AIRAWAT
Provide private cloud and HCI solutions with over 50 installations undertaken since inception
Develop and deploy high-performance storage solutions with throughput storage of up to 450 GB/sec
Design and manufacture AI systems and enterprise workstations with over 4,000 accelerator/GPU-based installations
Provide data centre server solutions
Provide software solutions and related services for HCS offerings, including cloud migration and 5G services
Recently introduced in Fiscal 2023; Network Switches and 5G ORAN Appliances are critical to the data center industry for enterprise IT and the telecommunication industry for enabling 5G services
SWOT Analysis
Strengths
- • Leading HCS provider in India with fully integrated design and manufacturing capabilities(p.26)
- • Significant OEM presence in India for HPC installations(p.26)
- • Diversified HCS product portfolio across multiple business verticals(p.26)
- • Long-standing customer relationships with average duration of 4.85 years(p.37)
- • Strong revenue growth trajectory - revenue increased from ₹1,427.87 million in FY2021 to ₹4,449.72 million in FY2023(p.28)
- • Profitability growth - profit increased from ₹82.30 million in FY2021 to ₹469.36 million in FY2023(p.28)
- • Quality certifications including ISO 9001:2015, ISO 14001:2015, ISO/IEC 27001:2013 and BIS certification(p.47)
- • Established partnerships with leading global technology providers(p.54)
- • Dedicated R&D capabilities with expanded product portfolio(p.54)
- • Manufacturing facility with specialized testing and quality equipment(p.51)
- • Diversified customer base with recurring long-term contracts(p.58)
- • Established leadership position in Indian HCS OEM market with integrated capabilities(p.139)
- • Long-standing relationships with marquee and diverse customer base(p.139)
- • Strong product development and innovation through R&D(p.139)
- • Industry leadership with high entry barriers(p.139)
- • Experienced Board and Senior Management team(p.139)
- • Strong historical financial performance and consistent growth trajectory(p.139)
- • Indian-origin OEM with integrated design and manufacturing capabilities for HCS(p.218)
- • Full-stack HCS provider with proprietary solutions across multiple product lines(p.218)
- • Marquee and diverse customer base with strong repeat business(p.219)
- • Strong track record of consistent revenue and profit growth(p.222)
- • Dedicated R&D team driving continuous product innovation(p.220)
- • Eligibility for Government of India production-linked incentives under Make in India(p.218)
- • Proven expertise in deploying world-class supercomputing systems(p.211)
- • Leading Indian supercomputer manufacturer(p.226)
- • Deployed India's fastest AI supercomputing system (AIRAWAT)(p.226)
- • Extensive product portfolio across HCS segments(p.231)
- • Strong in-house R&D and manufacturing capabilities(p.224)
- • Broad marquee customer base across sectors(p.228)
- • Scalable server architecture (dual-processor design)(p.227)
- • High-capacity storage solutions (exabyte-scale)(p.227)
- • Government recognition and certification(p.227)
- • Leading HCS provider with fully integrated design and manufacturing capabilities in India(p.350)
- • Significant track record in supercomputing deployment with multiple systems ranked in global Top 500(p.351)
- • Strong customer retention with 90.68% of revenue from repeat customers in FY2023(p.354)
- • Proprietary product portfolio with 8 distinct product lines developed in-house(p.354)
- • Eligible for government incentive schemes (IT Hardware PLI and Telecom PLI)(p.353)
- • Demonstrated strong financial growth with revenue CAGR and improving margins(p.355)
- • Established relationships with marquee technology partners and government institutions(p.353)
Weaknesses
- • Heavy reliance on top 10 customers accounting for 57.80% of revenue in FY2023, up from 52.26% in FY2021(p.37)
- • No long-term contracts with customers, relying on purchase orders(p.36)
- • Low manufacturing capacity utilization at 51.64% in FY2023(p.41)
- • High trade receivables as percentage of revenue - 34.05% in FY2023(p.45)
- • Significant unhedged foreign currency exposure with FX expenses representing 42.03% of revenue in FY2023(p.41)
- • Concentration in two business verticals - Supercomputing and Private Cloud/HCI represent 72.32% of FY2023 revenue(p.38)
- • Lack of documentary evidence for educational qualifications of two promoter-directors(p.39)
- • Past factual inaccuracies in corporate records and delayed statutory filings(p.40)
- • Non-compliance with various labour law legislations and delayed statutory payments(p.47)
- • High dependence on small number of vendors for components(p.51)
- • Material costs represent majority of operating expenses(p.50)
- • High working capital requirements(p.49)
- • Significant outstanding liabilities to creditors(p.62)
- • Moderate capacity utilization at manufacturing facility(p.52)
- • Dependence on key management personnel, particularly Promoter(p.58)
- • Current dependence on third-party contract manufacturer(p.124)
- • Concentration of shareholding with promoters holding 94.89% of equity(p.103)
- • Factual inaccuracies in corporate records and delayed filings(p.112)
- • New SMT facility investment subject to execution and cost overrun risks(p.40)
- • High customer concentration with top 5 customers representing 47.06% of revenue(p.219)
- • Currently dependent on third-party contract manufacturer for motherboards and PCB assemblies(p.222)
- • High dependence on foreign currency components(p.223)
- • Significant dependence on government customers(p.231)
- • Promoters have issued personal guarantees for company loans(p.254)
- • Low manufacturing capacity utilization(p.229)
- • Restricted geographic markets due to non-compete agreement(p.255)
- • High dependence on top 10 customers representing 57.80% of FY2023 revenue(p.353)
- • Heavy dependence on top 10 vendors representing 84.54% of procurement(p.356)
- • Material liabilities with promoter personal guarantees and mortgaged properties securing loans(p.344)
- • Restrictive covenants limiting operational flexibility including dividend restrictions and capital structure changes(p.346)
- • Material revenue concentration in government customers at 53.19% in FY2023(p.356)
- • Pending litigation regarding rental obligations and property title disputes(p.394)
Opportunities
- • High-end computing solutions industry expected to grow with increased adoption across multiple end-use industries(p.26)
- • Expansion of government spending on HCS with government customers representing 53.19% of FY2023 revenue(p.45)
- • New product lines in 5G ORAN Appliances and Network Switches(p.38)
- • Planned capital expenditure for SMT production line to increase manufacturing capacity(p.42)
- • Working capital expansion to support growth across higher education, research, IT/ITES and government sectors(p.27)
- • Strong market presence in higher education and research segment at 46.69% of FY2023 revenue(p.43)
- • Expansion in global markets and international customer base(p.56)
- • Diversification and expansion of product portfolio driven by customer needs(p.56)
- • Continued R&D investment to develop technologically advanced solutions(p.53)
- • Growing order book indicating future revenue potential(p.52)
- • India's emergence as world's fastest-growing major economy driving IT/HCS demand(p.155)
- • India IT market projected to grow at 8.8% CAGR through FY 2029(p.158)
- • India HPC market growing at 9.3% CAGR, higher than global 4.4% rate(p.166)
- • Government PLI Scheme 2.0 for IT Hardware incentivizing domestic manufacturing(p.161)
- • Strategic growth through own SMT manufacturing capability and product portfolio expansion(p.125)
- • India's National Supercomputing Mission driving HPC adoption across sectors(p.166)
- • Rapidly growing Indian supercomputing market with strong CAGR projections(p.218)
- • Expansion into high-growth 5G and private 5G solutions market(p.222)
- • Growing private cloud and HCI market in India(p.175)
- • Rising government investments in digital infrastructure and e-governance(p.218)
- • Government support through data center policy and PLI schemes(p.186)
- • India's emerging BFSI digital transformation(p.224)
- • High growth in Indian supercomputing market(p.226)
- • Expansion in private cloud and HCI market(p.226)
- • AI systems and enterprise workstations growth(p.227)
- • Oil and gas sector computing requirements(p.224)
- • India positioned to expand blockchain and AI solutions(p.223)
- • Geographic expansion in EMEA region(p.223)
- • Automobile sector computing growth(p.224)
- • Expansion into new product lines (5G ORAN Appliances and Network Switches) addressing market gaps(p.352)
- • Growing 5G market in EMEA expected to grow at 45.7% CAGR (FY2023-FY2029)(p.357)
- • Government support for Make in India electronics manufacturing and AI development initiatives(p.357)
- • Opportunity to expand geographic footprint in EMEA leveraging existing customer relationships(p.357)
- • Growing order book demonstrating pipeline strength(p.353)
- • Digital India and government digitalization initiatives creating demand for supercomputing and infrastructure(p.356)
Threats
- • Industry cyclicality and macro-economic conditions affecting demand for HCS offerings(p.38)
- • Technological obsolescence risk from rapid innovation in HCS industry(p.38)
- • Intense competition from multiple entities offering competing HCS products and solutions(p.38)
- • Foreign exchange rate volatility - Rupee depreciated 8.43% against USD between April 2020 and March 2023(p.41)
- • Restricted territorial operations under non-compete agreement limiting growth in USA, Indonesia, Vietnam, Malaysia, Thailand and Singapore(p.44)
- • Tender-based government contracts awarded to lowest bidder creating pricing pressure(p.44)
- • Dependence on higher education and research sector (46.69% of FY2023 revenue) subject to government policy changes(p.45)
- • Delays in government customer payments affecting cash flows(p.45)
- • Capital-intensive 5G solutions infrastructure requirements creating implementation risks(p.38)
- • Supply chain disruptions and vendor dependency for key equipment and components(p.46)
- • Global supply chain disruptions affecting component imports(p.51)
- • Intense competition with larger, better-resourced competitors(p.57)
- • Slowdown in Indian and global economic growth(p.67)
- • Rising employee compensation costs in India(p.67)
- • Dependence on skilled workforce with high attrition risks(p.57)
- • Regulatory and compliance risks in environmental and health/safety standards(p.63)
- • Geopolitical tensions and trade restrictions affecting operations(p.67)
- • Machinery breakdown risks impacting manufacturing capacity(p.51)
- • Objects of Fresh Issue not appraised by bank or financial institution(p.63)
- • No guarantee of timely or successful listing of equity shares(p.66)
- • Company lacks comparable listed peers for benchmarking performance(p.38)
- • Exposure to macroeconomic uncertainties and global growth slowdown(p.154)
- • Rapid technological change requires continuous innovation and customization(p.162)
- • HPC market cost concerns and adoption hesitancy among organizations(p.164)
- • Global competition from established multinational HCS providers(p.183)
- • Rapid technological obsolescence requiring continuous innovation investment(p.221)
- • Supply chain dependencies on technology partners like Intel, AMD, and Nvidia(p.213)
- • Cybersecurity concerns in cloud and 5G infrastructure deployments(p.205)
- • Regulatory and spectrum cost challenges in 5G market(p.209)
- • Intense global competition in HPC market(p.242)
- • Dependence on Intel and AMD processor supply(p.223)
- • Indian rupee depreciation impact on expenses(p.223)
- • Global data centre servers market competition(p.242)
- • Regulatory compliance costs and complexities(p.247)
- • Exposure to foreign currency fluctuations with significant USD-denominated component costs(p.357)
- • Significant dependence on component procurement with potential for supply chain disruptions(p.355)
- • Highly competitive environment in HCS market(p.391)
- • Risk of changes in government policies and shifting budget priorities affecting government customer spending(p.354)
- • Technology obsolescence risk requiring continuous R&D investment(p.354)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sanjay Lodha | Promoter | 37.95% | — |
| Navin Lodha | Promoter | 18.98% | — |
| Vivek Lodha | Promoter | 18.98% | — |
| Niraj Lodha | Promoter | 18.98% | — |
| Ashoka Bajaj Automobiles LLP | Promoter Group | 2.60% | — |
| Sanjay Lodha | Promoter/Chairman and Managing Director | 19,715,072 shares (37.93%) | — |
| Navin Lodha | Promoter/Whole Time Director | 9,857,086 shares (18.96%) | — |
| Vivek Lodha | Promoter/Whole Time Director | 9,857,086 shares (18.96%) | — |
| Niraj Lodha | Promoter/Whole Time Director | 9,857,086 shares (18.96%) | — |
| Sanjay Lodha | Promoter | 37.95% | [●] |
| Navin Lodha | Promoter | 18.98% | [●] |
| Vivek Lodha | Promoter | 18.98% | [●] |
| Niraj Lodha | Promoter | 18.98% | [●] |
| Ashoka Bajaj Automobiles LLP | Promoter Group | 2.60% | [●] |
| Sanjay Lodha | Promoter | — | — |
| Sanjay Lodha | Promoter | 37.95% | — |
| Navin Lodha | Promoter | 18.98% | — |
| Vivek Lodha | Promoter | 18.98% | — |
| Niraj Lodha | Promoter | 18.98% | — |
| Sanjay Lodha | Promoter | 44.87% | — |
| Vivek Lodha | Promoter | 8.82% | — |
| Navin Lodha | Promoter | 8.11% | — |
| Niraj Lodha | Promoter | 5.46% | — |
| Sanjay Lodha | Promoter | — | — |
| Navin Lodha | Promoter | — | — |
| Niraj Lodha | Promoter | — | — |
| Vivek Lodha | Promoter | — | — |
| Sanjay Lodha | Selling Shareholder | — | — |
| Navin Lodha | Selling Shareholder | — | — |
| Vivek Lodha | Selling Shareholder | — | — |
| Niraj Lodha | Selling Shareholder | — | — |
| Ashoka Bajaj Automobiles LLP | Selling Shareholder | — | — |
| Sanjay Lodha | Promoter Selling Shareholder | — | — |
| Navin Lodha | Promoter Selling Shareholder | — | — |
| Vivek Lodha | Promoter Selling Shareholder | — | — |
| Niraj Lodha | Promoter Selling Shareholder | — | — |
| Ashoka Bajaj Automobiles LLP | Promoter Group Selling Shareholder | — | — |
Leadership
Sanjay Lodha · Chairman and Managing Director
Navin Lodha · Whole-Time Director
Vivek Lodha · Whole-Time Director
Niraj Lodha · Whole-Time Director
Prawal Jain · Chief Financial Officer
Lohit Chhabra · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Netweb Technologies India IPO FAQs
What is the lot size of Netweb Technologies India IPO?
The minimum lot size of Netweb Technologies India IPO is 30 shares. One lot costs ₹15,000 at the cut-off price.
When does Netweb Technologies India IPO open and close?
Netweb Technologies India IPO opened for subscription on 17 Jul 2023 and closed on 19 Jul 2023.
What is the listing date of Netweb Technologies India IPO?
Netweb Technologies India IPO listed on 27 Jul 2023.