Netweb Technologies raises Rs 1,200 crore through qualified institutions placement
The fund-raising committee of the board of directors approved the allotment of equity shares under the QIP at its meeting held on 20 August 2026.
The QIP marks the first equity capital raise by the Company since its listing on the NSE and BSE in July 2023.
The QIP saw participation from from marquee investors such as 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, Helios MF, among others.
Pursuant to the QIP, the company allotted 2,505,219 equity shares of face value Rs 2 each at an issue price of Rs 4,790.00 per equity share (including a premium of Rs 4,788 per equity share).
The company intends to utilise the net proceeds of the QIP towards funding its working capital requirements to support the execution of its anticipated growth in the order book and general corporate purposes.
Sanjay Lodha, chairman and managing director, Netweb Technologies, said: We are grateful for the trust shown by leading domestic and global institutional investors in Netweb. This QIP represents an important milestone in our journey and reflects confidence not only in our performance, but also in the long-term opportunity across AI and high-end computing infrastructure.
Netweb Technologies is one of India's leading Indian-origin, owned and controlled high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Netweb?s HCS offering comprises high performance computing, private cloud and hyperconverged infrastructure, AI systems, high performance storage solutions (HPS) and data centre servers.
The company's net profit surged to Rs 85.32 crore in the quarter ended June 2026 as against Rs 30.48 crore during the previous quarter ended June 2025. Sales rose 172.13% to Rs 819.69 crore in Q1 FY27 over Q1 FY26.
The scrip fell 3.95% to currently trade at Rs 5242.05 on the BSE.
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