Key Quantitative Figures

  • Total amount raised: ₹1,200 crore
  • Number of equity shares allotted: 2,505,219
  • Face value per share: ₹2
  • Issue price per share: ₹4,790
  • Premium per share: ₹4,788

Parties Involved

Investors: Goldman Sachs Asset Management, Nomura Asset Management, Amundi Asset Management, Think Investments, ICICI Prudential MF, Edelweiss MF, Invesco MF, HDFC MF, Kotak MF, Tata MF, Motilal Oswal MF, Bank of India MF, Trust MF, Helios MF

Advisors:

  • Book Running Lead Managers: IIFL Capital Services Limited, CLSA India Private Limited, Resurgent India Limited
  • Domestic legal counsel: Khaitan & Co.
  • International legal counsel: Hogan Lovells Cadwalader
  • Company advisor: Uirtus Advisors LLP

Purpose and Utilization of Proceeds

The net proceeds will be utilized towards:

  • Funding working capital requirements to support execution of anticipated growth in the order book
  • General corporate purposes

This is in line with the objects set out in the Placement Document.

Management Commentary

Mr. Sanjay Lodha, Chairman and Managing Director, commented:

  • Expressed gratitude for institutional investor trust
  • Described QIP as an important milestone reflecting confidence in company performance and long-term AI/high-end computing opportunity
  • Noted India's multi-year build-out of AI and advanced computing infrastructure supported by national initiatives and enterprise adoption
  • Highlighted company's two decades of experience in High-end Computing Solutions with integrated design and manufacturing capabilities
  • Stated the capital strengthens balance sheet and financial flexibility
  • Enhances ability to support working-capital requirements aligned with anticipated growth
  • Committed to strengthening Make in India capabilities, deepening technology partnerships, and investing in innovation

Company Background

Netweb Technologies is an Indian-origin, owned and controlled High-end Computing Solutions provider with fully integrated design and manufacturing capabilities. Founded in 1999, the company serves customers across government and defence, higher education and research institutions, financial services, IT/ITeS, oil and gas, and enterprises. Operates three manufacturing facilities in Delhi-NCR (Faridabad) and 23 properties across India.