Netweb Technologies India Limited announced the successful completion of its Qualified Institutions Placement (QIP), raising approximately ₹1,200 crore. The funds will be utilized for working capital requirements, supporting anticipated growth, and general corporate purposes. The QIP saw strong participation from global and domestic institutional investors, marking the company’s first equity capital raise since its listing in July 2023.
Netweb Technologies Completes ₹1,200 Crore QIP
Netweb Technologies India Limited, a leading OEM of High-end Computing Solutions (HCS), has successfully concluded its Qualified Institutions Placement (QIP), securing an aggregate of approximately ₹1,200 crore. This significant fundraising initiative was approved by the Fund-Raising Committee of the Board of Directors on August 20, 2026.
First Equity Raise Post-Listing
This QIP represents Netweb Technologies’ inaugural equity capital raise since its listing on the NSE and BSE in July 2023. The placement garnered substantial interest and a strong response from both global and domestic institutional investors. Notable participants included marquee investors such as Goldman Sachs Asset Management, Nomura Asset Management, and ICICI Prudential MF, underscoring their confidence in Netweb’s business and India’s burgeoning high-performance computing and AI ecosystem.
Share Allotment and Use of Proceeds
As part of the QIP, the company allotted 2,505,219 equity shares of face value ₹2 each at an issue price of ₹4,790.00 per equity share. The net proceeds from this QIP are intended to be utilized for funding working capital requirements, thereby supporting the execution of its growth in the order book, and for general corporate purposes, aligning with the objectives outlined in the Placement Document.
Expert Commentary and Strategic Outlook
Mr. Sanjay Lodha, Chairman and Managing Director of Netweb Technologies, commented, “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.” He further added that India’s significant multi-year build-out of AI and advanced computing infrastructure positions Netweb well to capitalize on this opportunity, leveraging its two decades of experience.
About Netweb Technologies
Founded in 1999, Netweb Technologies is a prominent Indian-origin provider of High-end Computing Solutions (HCS) with integrated design and manufacturing capabilities. Its offerings include high-performance computing, private cloud, hyperconverged infrastructure, AI systems, and data centre servers, serving diverse industries like government, defence, education, financial services, and IT. Netweb operates three manufacturing facilities and holds 23 properties across India.
Source: BSE
