High-performance computing server maker Netweb Technologies Ltd on Monday said it has launched a Qualified Institutional Placement to raise up to ₹1,200 crore, with an indicative issue price of ₹4,710–₹4,790 per share. The indicative price range represents an 8.1–9.6% discount to the company’s last closing price.
Netweb Technologies will issue approximately 25.05 lakh to 25.48 lakh equity shares under the QIP. The company has fixed August 17, 2026 as the relevant date for the issue. Netweb Technologies may, at its discretion, offer a discount of up to 5% on the floor price, in accordance with the approval received from shareholders through a special resolution passed by postal ballot on August 1.
First Quarter ResultsThe company's profit after tax increased to ₹85.3 crore from ₹30.4 crore last year and from ₹70.5 crore in the previous quarter. Revenue for the quarter increased to ₹819 crore from ₹301 crore in the first quarter last year and from ₹773.7 crore sequentially.
The company's earnings before interest, taxes, depreciation and amortisation increased to ₹119.8 crore from ₹44.5 crore last year and from 96.5 crore last quarter. Its EBITDA margin of 14.6% was marginally lower than 14.8% in the year-ago period but expanded from 12.5% sequentially.
Its reported order book came at ₹2,506 crore. The AI segment continues to be a growth driver, accounting for 63% of its revenue. The AI segment saw growth of 484% from the previous year. Its net working capital days came in at 96 days compared to 84 days last quarter and 73 days in the previous year.
At the end of the June quarter, its order book was worth ₹2,506.9 crore compared to ₹2,097,6 crore at the end of the March quarter. Big increase in order pipeline and lowest bidder order pipeline with inclusion of strategic orders on a sequential basis.