Netweb Technologies Successfully Raises ₹1,200 Crore through Qualified Institutions Placement

Netweb Technologies Successfully Raises ₹1,200 Crore through Qualified Institutions Placement​

Netweb Technologies India Limited, a leading Indian-origin manufacturer of High-end Computing Solutions (HCS), announced the successful completion of its Qualified Institutions Placement (QIP), raising an aggregate of approximately ₹1,200 crore.

The QIP was approved by the Fund-Raising Committee of the Board of Directors at a meeting held on August 20, 2026. This capital raise marks the company's first equity capital raise since its listing on the NSE and BSE in July 2023.

The issuance of equity shares under the QIP resulted in the allotment of 2,505,219 shares. These shares had a face value of ₹2 each and were issued at an issue price of ₹ 4,790.00 per equity share, which included a premium of ₹ 4,788.00.

The QIP attracted a strong response from both domestic and global institutional investors. Prominent participating investors included 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, and Helios MF.

The company intends to utilize the net proceeds of the QIP to fund its working capital requirements, supporting the execution of anticipated growth in the order book and for general corporate purposes, as defined in the Placement Document.

IIFL Capital Services Limited, CLSA India Private Limited, and Resurgent India Limited acted as the Book Running Lead Managers (BRLMs) for the issue. Khaitan & Co. served as the domestic legal counsel, while Hogan Lovells Cadwalader acted as the international legal counsel to the Book Running Lead Managers. Uirtus Advisors LLP acted as an advisor to the company.

Key Transaction Details​

Commenting on the successful completion of the QIP, Mr. Sanjay Lodha, Chairman and Managing Director of Netweb Technologies, stated that the QIP represents a significant milestone. He expressed gratitude for the trust demonstrated by leading domestic and global institutional investors, noting that the raise reflects confidence in the long-term opportunity across AI and high-end computing infrastructure.

Mr. Lodha added that India is entering a multi-year build-out of AI and advanced computing infrastructure, supported by national initiatives and enterprise adoption. He affirmed that Netweb, with over two decades of experience in High-end Computing Solutions, is well positioned to participate in this market opportunity. The capital infusion strengthens the company's balance sheet and financial flexibility, enhancing its ability to support working capital needs aligned with anticipated operational growth.

About Netweb Technologies​

Netweb Technologies is an Indian-origin, owned and controlled provider of High-end Computing Solutions (HCS) with fully integrated design and manufacturing capabilities. The company was founded in 1999 and is headed by Mr. Sanjay Lodha.

Netweb's HCS offerings include high performance computing, Private cloud and hyperconverged infrastructure, AI systems, High performance storage solutions (HPS), and Data Centre Servers. The company serves a diverse range of industries, including government and defence, higher education, financial services, oil and gas, and various technology enterprises. Netweb operates three manufacturing facilities in Delhi-NCR and has properties across India.

NETWEB Stock Price Movement​

As of 9:28 AM, shares of Netweb Technologies India Limited are slipping by 2.89% in live trading, currently valued at ₹5297 after shedding ₹157.50. The stock traded a volume of 387,774 shares as it trades in the live market.