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Delhi-NCR-based Netweb Technologies Ltd, country’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities, makes a strong debut on the exchanges to close more than 80% premium to its issue price.

The scrip listed Rs 942.50 per share on BSE and Rs 947 per share on NSE, at a premium of 88.50% and 89.40% respectively. The company's share price closed at Rs 910.50 per share on the BSE, a 82.10% premium, and at Rs 912 per share on the NSE, a 82.40% premium.

As per NSE, the total quantity traded stood at 170.45 lakh shares, on BSE the total Quantity stood at 11.02 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1676.74 crore.

Mr. Sanjay Lodha, Chairman and Managing Director – Netweb Technologies India Limited said “On this momentous day of our IPO listing, I extend my heartfelt gratitude to each and every shareholder of Netweb Technologies. Your unwavering support and belief in our journey have been the bedrock of our success. This amazing outcome wouldn't have been possible without your trust and confidence in our vision. As we embark upon this new chapter, I assure you that we will be ever more committed to taking Netweb to newer heights, with utmost dedication, transparency, and determination. Together, we shall build a brighter future, and I am honored to have you all as our invaluable partners in our pursuit to create great value."

The Market Capitalization of the Company at today’s closing price stood at Rs 5,104.72 Crore as per BSE and Rs 5,113.13 Crore as per NSE.

The public issue with a face value of Rs 2 per equity share comprises of Rs 206 crore of fresh issue and an offer for sale of 8.5 million equity shares. The offer also includes a reservation for a subscription by eligible employees.

Netweb Technologies is one of the few OEMs in the country is a recipient of production linked incentives schemes of the Government of India under the ‘Make in India’ policy for IT Hardware (IT Hardware PLI Scheme) and Telecom and Networking Products Manufacturing in India (Telecom and Networking PLI Scheme).

Netweb has both design and manufacturing capabilities in-house and have undertaken installation of over 300 supercomputing systems and over 4000 accelerator / GPU based AI systems and enterprise workstations as of May 2023. Intel, Samsung, AMD, NVIDIA are some of the companies it collaborates with to innovate on product offerings. It is a high-end computing solutions (HCS) provider based in India catering to many Indian and multinational Customers based in India and grow its geographical footprint in Europe, Middle East and Africa (EMEA).

Between March 31, 2022 and May 31, 2023 it has almost doubled its order book value from Rs 48.56 crore to Rs 90.205 crore.

For the fiscal year 2023, the company’s revenue from operations increased 80.13% to Rs 444.97 crore against Rs 247.03 crore a year ago primarily due to an increase in the sale of Products and Services, Private cloud and HCI, Supercomputing systems, High Performance Storage Solutions and AI systems and Enterprise Workstations. Net profit for the period increased 109.04% to Rs 46.94 crore as against Rs 22.45 crore last year.