Netweb Technologies IPO: Should You Invest?
Introduction
Netweb Technologies is a leading provider of high-end computing solutions in India. The company’s IPO opened for subscription on July 17, 2023, and closes on July 19. The IPO consists of a fresh issue of shares worth ₹206 crore and an offer-for-sale of up to 8.5 million shares.
Company Overview
Netweb Technologies was founded in 1998 and is headquartered in Ahmedabad, Gujarat. The company provides a wide range of computing solutions, including servers, storage, networking, and software. Netweb Technologies’ customers include government agencies, financial institutions, and large enterprises.
Financials
Netweb Technologies has been growing rapidly in recent years. In the fiscal year 2022-23, the company’s revenue grew by 25% to ₹1,100 crore. Netweb Technologies’ net profit also grew by 20% to ₹120 crore in the same period.
IPO Details
The IPO of Netweb Technologies is priced at ₹475-500 per share. The company expects to raise ₹631 crore through the IPO. The IPO will be listed on the BSE and NSE on July 27.
Investment Thesis
Netweb Technologies is a well-established company with a strong track record of growth. The company is also well-positioned to benefit from the growing demand for high-end computing solutions in India.
Risks
The main risk to investing in Netweb Technologies is the competitive landscape. The company faces competition from other domestic and international players.
Conclusion
Netweb Technologies is a good investment for investors who are looking for exposure to the growing high-end computing market in India. However, investors should be aware of the competitive landscape before investing in the company.