IPO Notes : Netweb Technologies Limited By Marwadi Financial Services Ltd
Rationale
Considering the FY23EPS of Rs 8.37 on a post issue basis, the company is going to list at a P/E of 59.72x with a market cap of Rs.28,032mn whereas its peers Syrma SGS Technology, Kaynes Technology India Ltd and Dixon Technologies Ltd are trading at a P/E of 72x,106x,101x.
Objectives of the issue
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 their new SMT production line (SMT Line).
Funding their long term working capital requirement;
Repayment or pre-payment, in full or in part, of certain of their outstanding borrowings; and
General corporate purposes
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