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Netweb Technologies India Ltd

Registered Office: Plot No H-1 Pocket-9 FIT,Sector-57 Ballabhgarh, Faridabad - 121004, Haryana, India.
Phone : 911 292310416   Fax:
Email :  info@netwebindia.com  
Website :  www.netwebindia.com

Initial public offer of 12,621,000^ equity shares of face value of Rs. 2 each ("Equity Shares") of Netweb Technologies India Limited ("Company") for cash at a price of Rs. 500 per equity share (including a share premium of Rs. 498 per equity share) ("Offer Price") aggregating Rs. 631.00^ crores ("Offer") comprising a fresh issue of 4,121,000^ equity shares aggregating Rs. 206.00^ crores by the company ("Fresh Issue") and an offer for sale of 8,500,000^ equity shares aggregating Rs. 425.00^ crores by the selling shareholders (offer for sale) comprising 2,860,000^ equity shares aggregating Rs. 143.00^ crores by Sanjay Lodha, 1,430,000^ equity shares aggregating Rs. 71.50^ crores by Navin Lodha, 1,430,000^ equity shares aggregating Rs. 71.50^ crores by Vivek Lodha, 1,430,000^ equity shares aggregating Rs. 71.50^ crores by Niraj Lodha (each, the promoter selling shareholder) and, 1,350,000^ equity shares aggregating Rs. 67.50^ crores by Ashoka Bajaj Automobiles llp (formerly known as Ashoka Bajaj Automobiles Private Limited), promoter group selling shareholder, and together with the promoter selling shareholders, the selling shareholders, and such equity shares, the offered shares). The company has, in consultation with the brlms, undertaken a pre-ipo placement of 1,020,000 equity shares at an issue price of Rs. 500 per equity share (including a premium of Rs. 498 per equity share) aggregating Rs. 51.00 crores (pre-ipo placement). The size of the fresh issue of Rs. 257.00 crores was reduced by Rs. 51.00 crores pursuant to the pre-ipo placement and the revised size of the fresh issue is Rs. 206.00^ crores. The offer included a reservation of 20,000^ equity shares aggregating Rs. 0.95^ crores (constituting 0.04%^ of the post-offer equity share capital), for subscription by eligible employees (employee reservation portion). The company and the selling shareholders, in consultation with the brlms, offered a discount of 5% of the offer price (equivalent of Rs. 25 per equity share) to the eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the net offer. The offer and the net offer constitute 22.51%^ and 22.48%^ of the post-offer paid-up equity share capital, respectively. ^Subject to finalisation of the basis of allotment.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Jul-23 19-Jul-23 500.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 30   Further Multiples of : 30
  Rs Cr Lead Managers to the Issue
Project Cost 194.02 Equirus Capital Pvt Ltd
Project Financed through Current Offer 631.00  
Post Issue Equity Share Capital 11.21  
Issue Price 500.00  

Projects

  • Funding the company capital expenditure requirements
  • Funding the company long term working capital requirements
  • Repayment or pre-payment in full or in part, of certain of its outstanding borrowings
  • General corporate purposes

Promoted By

Sanjay Lodha

Navin Lodha

Vivek Lodha

Listing At

BSE

NSE

Registrar to the Issue

No Data Available

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