Netweb Technologies India Ltd

QIP achievement

• Netweb raised ₹1,200 crore through QIP (Aug 20, 2026).

Use of proceeds

• Funds to support working capital and growth in the order book.

Share allotment details

• 2,505,219 equity shares allotted at ₹4,790 per share.

Management and advisors

• BRLMs: IIFL Capital, CLSA India, Resurgent India; legal advisers named.

QIP outcome and capital update

• Fund Raising Committee approved QIP allotment to QIBs of 25,05,219 shares at ₹4,790 each.
• Total issue size ₹1,200 crore; premium ₹4,788 per share.
• Paid-up capital after allotment increased to ₹11,88,91,812 (5,94,45,906 shares).
• Annexure 1 lists allottees with >5% of the issue; major holders include Nomura and Goldman Sachs.

QIP closure and allocation

• Closed the QIP on Aug 20, 2026 after applications and escrow funds.
• Allocated 25,05,219 equity shares to eligible QIBs at ₹4,790 per share (₹4,788 premium).
• Discount of ₹95.90 per share (1.96%) to floor price of ₹4,885.90.
• Placement document approved; dated Aug 20, 2026, available on company website.
• Confirmation of allocation note to be sent to eligible QIBs.
• Placement document to be filed with BSE and NSE.
• Meeting duration: 10:15 PM to 10:25 PM.

Key QIP details

• Fundraising via QIP from qualified institutional buyers.
• Equity shares of face value ₹2 each.
• Floor price fixed at ₹4,885.90 per equity share.
• Discount on floor price possible up to 5%.
• Issue price to be determined by company in consultation with BRLMs.
• Board approval granted on July 1, 2026.
• Postal ballot special resolution passed August 1, 2026.
• Issue opened on August 17, 2026.
• Relevant date for pricing fixed as August 17, 2026.
• Trading window closed until 48 hours after price determination for designated persons.
• Preliminary placement document filed with BSE/NSE on August 17, 2026.

Subject and scope

• Board-approved unaudited interim condensed financial statements for quarter ended June 30, 2026.
• Review report by S S Kothari Mehta & Co LLP issued with moderate assurance; no audit opinion.

Key financials

• Revenue from operations: 8,196.86 million.
• Profit before tax: 1,141.38 million; profit for the period: 853.23 million.
• Earnings per share: basic and diluted 14.98 INR.

Geographic mix

• Revenue by geography: India 7,695.05m; outside India 501.81m.

Balance sheet & leverage

• Total assets: 25,163.39m; equity: 8,087.45m; liabilities: 16,938.66m.
• Total borrowings: 2,625.06m; current: 2,616.39m; non-current: 8.67m.

Cash and placement context

• Net cash used in period: 2,944.97m; closing cash: 710.25m; statements prepared for equity placement.

Contingencies

• Contingent liabilities: customs duties 1,577.03m; bank guarantees 1,587.61m.

Business Overview

• Leading Indian-origin OEM delivering end-to-end HCS solutions (AI, HPC, private cloud).
• Indigenous design and domestic manufacturing; aligned with Make-in-India and NSM 2.0.
• Growth pillars: AI Systems, HPC, Private Cloud & HCI.

Operational Highlights

• Q1 FY27 revenue ₹8,196.86 mn; YoY growth 172.13%.
• Operating EBITDA ₹1,205.15 mn; margin 14.70%.
• PAT ₹853.23 mn; margin 10.30%.
• AI Systems ₹5,105.70 mn, 62.29% of revenue, up 484.20% YoY.
• Order book ₹25,069.35 mn with L1 ₹8,480.47 mn.
• Pipeline ₹104,100 mn; strong revenue visibility.

Financial Performance

• FY26 revenue ₹21,835.63 mn; EBITDA ₹2,848.42 mn; PAT ₹2,058.16 mn.
• FY26 EBITDA margin 13.04%; PAT margin 9.35%.
• Jun’26 revenue ₹8,196.86 mn; YoY growth 172.13%.
• Net Worth ₹8,087.45 mn; Free Cash ₹733.77 mn; Net Debt ₹1,999.00 mn.
• Net Debt/EBITDA 0.41x; Receivable 78 days; Inventory 110 days; Payables 92 days.
• ROE 48.16%; ROCE 12.04%; Equity capital ₹113.88 mn; Other Equity ₹7,973.57 mn.

Capital Structure & Liquidity

• Total borrowings ₹2,625.06 mn; lease liabilities ₹107.71 mn.
• Equity share capital ₹113.88 mn; Other Equity ₹7,973.57 mn.
• Net Debt ₹1,999.00 mn; Free Cash ₹733.77 mn.

Strategic Outlook

• IndiaAI Mission drives sovereign AI compute and data-center demand.
• NSM 2.0 prioritizes indigenous design and manufacturing.
• Private Cloud/HCI expansion supports data localization and hybrid cloud adoption.
• R&D into quantum simulators complements HPC for quantum computing.

Governance & Leadership

• Chairman & MD: Sanjay Lodha.
• Independent Directors: Mrutyunjay Mahapatra, Prof. Jasjeet Bagla, Romi Jatta.
• Whole-time Directors: Navin Lodha, Vivek Lodha.
• CFO: Ankit Kumar Singhal.

Financial highlights

• Revenue from operations for Q1 FY27: 8,196.86 mn, up 172.13% YoY.
• Total income: 8,281.58 mn; Operating EBITDA: 1,205.15 mn; EBITDA margin: 14.70%.
• PAT: 853.23 mn, up 179.94% YoY; PAT margin: 10.30%.
• Net debt: 1,999.00 mn as of 30 June.
• Order book: 25,069.35 mn as of 30 June.

AI Systems growth and mix

• AI Systems income grew 484.20% YoY in Q1 FY27.
• AI Systems contribution rose to 62.29% of revenue.

Outlook and drivers

• Management cites sustained demand momentum across AI, HPC and private cloud.
• Projections indicate strong revenue visibility for coming quarters.
• Strategic emphasis on Make in India and domestic manufacturing.