Netweb Technologies Launches ₹1,200 Crore Fundraise Through QIP

Netweb Technologies, which makes high-performance computing servers, has launched a qualified institutional placement (QIP) to raise up to ₹1,200 crore.

The company said on Monday, 17 August, that it has set the floor price for the QIP at ₹4,885.90 per share. The floor price represents a discount of around 6.4% to the stock’s closing price of ₹5,219 on Monday.

Sources said the indicative issue price could be between ₹4,710 and ₹4,790 per share. This would imply a discount of around 8.1% to 9.6% to Monday’s closing price.

Netweb Technologies plans to issue around 25.05 lakh to 25.48 lakh equity shares through the QIP. The company has fixed 17 August 2026 as the relevant date for the issue.

At 11:13 AM on 18 August, Netweb Technologies shares were trading at ₹5,275.40, up around 1.21% from the previous close.

Company Can Offer Discount On Floor Price

Netweb Technologies may, at its discretion, offer a discount of up to 5% on the floor price. The company received shareholder approval for this through a special resolution passed by postal ballot on 1 August.

Netweb Technologies’ board had approved the QIP on 1 July. Shareholders subsequently cleared the proposed fundraise through a special resolution on 1 August.

At the maximum permitted discount, the issue price could be as low as around ₹4,641.61 per share.

The final issue price will be decided by Netweb Technologies in consultation with the book-running lead managers appointed for the QIP. IIFL Capital is the book-running lead manager for the QIP, according to sources.

The fundraise comes at a time when the company is seeing strong demand for its artificial intelligence (AI) and high-performance computing business.

Netweb Tech Reports Strong June Quarter

Netweb Technologies reported a sharp rise in profit for the quarter ended 30 June 2026.

Profit after tax rose to ₹85.3 crore from ₹30.4 crore in the same quarter last year. It was also higher than the ₹70.5 crore reported in the March 2026 quarter.

Revenue increased to ₹819 crore from ₹301 crore a year earlier. On a sequential basis, revenue was up from ₹773.7 crore.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at ₹119.8 crore, compared with ₹44.5 crore in the year-ago quarter and ₹96.5 crore in the previous quarter. The EBITDA margin was 14.6%. It stood at 14.8% a year earlier and 12.5% in the March quarter.

AI Business, Order Pipeline Support Growth

Netweb Technologies’ AI business remained a key contributor during the quarter. It accounted for 63% of total revenue and grew 484% year-on-year.

The company’s order pipeline stood at ₹10,410 crore, while its lowest bidder order pipeline was worth ₹848 crore. Its reported order book came in at ₹2,506.9 crore at the end of the June quarter, up from ₹2,097.6 crore at the end of the March quarter.

The company also saw an increase in its order pipeline and lowest bidder order pipeline on a sequential basis, mainly due to the addition of strategic orders.

At the same time, net working capital days increased to 96 days in the June quarter from 84 days in the previous quarter and 73 days a year earlier.

Also Read - Paytm Block Deal: Vijay Shekhar Sharma’s Entity May Sell Nearly 5% Stake At ₹1,535