Zluri, a high-end computing solutions provider, is preparing to launch its initial public offering (IPO) next week. The IPO will be the third offering this month, following Senco Gold and Utkarsh Small Finance Bank. Here are 10 key details to consider before subscribing to the offer:
- IPO Dates: The IPO bidding will begin on July 17, with the last day to apply being July 19.
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- Price Band: The price range for the IPO has been set at Rs 475-500 per share.
- IPO Size: Netweb Technologies aims to raise Rs 631 crore through the IPO. The offering consists of a fresh issue of shares worth Rs 206 crore and an offer for sale of Rs 425 crore by the promoters.
- Objectives of the Issue: The proceeds from the fresh issue will be utilized for capital expenditure, long-term working capital requirements, debt repayment, and general corporate purposes.
- Lot Size: Retail investors can bid for a minimum of 30 equity shares, with multiples of 30 shares thereafter. The minimum investment for retail investors would be Rs 15,000 per lot, while the maximum investment is limited to Rs 2 lakh.
- Company Profile: Netweb Technologies is an OEM (original equipment manufacturer) in the field of high-end computing solutions. The company offers supercomputing systems, private cloud and HCI infrastructure, data center servers, AI systems, and enterprise workstations. It plans to expand its geographical footprint in Europe, the Middle East, and Africa.
- Financials: Netweb Technologies has shown robust financial performance, with significant growth in profits and revenues in recent years. The company’s EBITDA margin and return on equity have also improved.
- Promoters and Management: The company is primarily owned by the promoters, with Sanjay Lodha serving as the Chairman and Managing Director. The management team includes directors and key executives responsible for various functions.
- Risks and Concerns: Some key risks highlighted include foreign currency exposure, low-capacity utilization, dependence on select customers and application industries, high working capital requirements, and customer concentration.
- Allotment and Listing Dates: The basis of share allotment will be finalized by July 24, and the shares will be credited to investors’ demat accounts by July 26. Trading in Netweb Technologies’ equity shares is expected to commence on July 27.
It is important for potential investors to carefully analyze these factors and seek expert advice before making investment decisions.
