Netweb Technologies India Limited | Globe Capital Market LTD.
Netweb Technologies India Limited
Price Band
₹475 to ₹500 per share
IPO Issue Period
Jul 17, 2023 to Jul 19, 2023
Issue Size
₹631.00 Cr
Face value
₹2 per share
Fresh issue
₹206.00 Cr
Offer for sale
₹425.00 Cr
Minimum Shares for Retail
Listing on
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Thursday, 27 July 2023

Incorporated in 1999, Netweb Technologies India Limited provides high-end computing solutions (HCS).

Netweb Technologies’ HCS offerings comprise:

  1. High-performance computing (Supercomputing / HPC) systems,
  2. Private cloud and hyper-converged infrastructure (HCI),
  3. AI systems and enterprise workstations,
  4. High-performance storage (HPS / Enterprise Storage System) solutions,
  5. Data center servers, and
  6. Software and services for our HCS offerings.

Netweb Technologies designs, manufactures and deploys HCS comprising proprietary middleware solutions, end-user utilities, and precompiled application stack. It develops homegrown compute and storage technologies, and deploys supercomputing infrastructure to meet the rising computational demands of businesses, academia, and research organizations, particularly, under India’s National Supercomputing Mission. Two of the company’s supercomputers have been listed 10 times in the world’s top 500 supercomputers.

As of February 28, 2023, the company has undertaken installations of over 300 Supercomputing systems, over 50 private cloud and HCI installations, over 4,000 accelerator / GPU-based AI systems and enterprise workstations, and HPS solutions with throughput storage of up to 450 GB/ sec.

Netweb Technologies caters to marquee customers across various end-user industries such as information technology, information technology-enabled services, entertainment and media, banking, financial services and insurance (BFSI), national data centres, and government entities including in the defence sector, education and research development institutions (Application Industries) such as Indian Institute of Technology (IIT) Jammu, IIT Kanpur, NMDC Data Centre Private Limited (NMDC Data Centre), Airamatrix Private Limited (Airamatrix), Graviton Research Capital LLP (Graviton), Institute of Nano Science and Technology (INST), HL Mando Softtech India Private Limited (HL Mando), Dr. Shyam Prasad Mukherjee International Institute of Information Technology, Naya Raipur (IIIT Naya Raipur), Jawaharlal Nehru University (JNU), Hemvati Nandan Bahuguna Garhwal University (Hemvati University), Akamai India Networks Private Limited (Akamai), A.P.T. Portfolio Private Limited (A.P.T.), and Yotta Data Services Private Limited (Yotta).

The company also caters to an Indian Government space research organization and an R&D organization of the Ministry of Electronics and Information Technology, Government of India which is involved in carrying out R&D in information technology and electronics and associated areas including Supercomputing.

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue
Profit After Tax


  1. Funding capital expenditure requirements for civil construction of the building for the surface mount technology (SMT) line and interior development, and purchase of equipment/machinery for the new SMT production line (SMT Line),
  2. Funding of long-term working capital requirements,
  3. Repayment or pre-payment, in full or in part, of certain outstanding borrowings, and
  4. General corporate purposes.
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