Netweb Technologies shares fall 4% after raising Rs 1,200 crore through QIP

According to a filing with the exchange on Tuesday, the company said that the Fund-Raising Committee of the Board of Directors approved the allotment of equity shares under the QIP at its meeting held on August 20, 2026.

The QIP marks the first equity capital raised by the company since its listing on the NSE and BSE in July 2023 and the QIP received a strong response from global and domestic institutional investors.

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The company further said that participation from marquee investors such as Goldman Sachs Asset Management, Nomura Asset Management, Amundi Asset Management, Think Investments, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, Bank of India Mutual Fund, Trust Mutual Fund, Helios Mutual Fund, among others, reflects their confidence in Netweb’s business and the structural growth of India’s high-performance computing market and AI ecosystem.

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Global institutional heavyweights led the list of major subscribers in the fundraise. Japanese investment firm Nomura secured the single largest allocation of 13.10% (3,28,064 shares) through its Nomura India Investment Mother Fund.
Wall Street titan Goldman Sachs was another prominent participant, securing an 11.21% stake (2,80,740 shares) through the Goldman Sachs India Equity Portfolio.Domestic institutional investors also absorbed a substantial chunk of the placement. ICICI Prudential Mutual Fund picked up a total 16.67% stake (4,17,476 shares) across six of its underlying schemes, including its Flexicap Fund and Innovation Fund.

Foreign portfolio investor Think India Opportunities Master Fund LP acquired an 8.33% block (2,08,768 shares). Similarly, Edelweiss Mutual Fund schemes alongside Altiva Hybrid Long-Short Fund collectively secured an 8.33% allocation (2,08,768 shares), while Invesco India Flexi Cap Fund picked up a 6.25% share (1,56,577 shares).

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 4,788.00 per equity share).

Netweb Technologies offers computing solutions with fully integrated design and manufacturing capabilities. Its HCS offering comprises HPC, private cloud and (HCI), AI systems and enterprise workstations, high-performance storage (HPS) and data centre servers and 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, in line with the objects set out in the Placement Document.

“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,” said Sanjay Lodha, chairman and managing director, Netweb Technologies.

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“The capital raised strengthens our balance sheet and financial flexibility and enhances our ability to support the working-capital requirements in line with anticipated growth in our scale of operations and order book. We remain committed to strengthening our Make in India design and manufacturing capabilities, deepening our technology partnerships and investing in innovation to deliver sustainable long-term growth and value for our stakeholders,” Lodha further said.

IIFL Capital Services, CLSA India, & Resurgent India acted as the book running lead managers to the issue. Khaitan & Co. acted as domestic legal counsel to the company and the book running lead managers, and Hogan Lovells Cadwalader acted as international legal counsel to the book running lead managers. Uirtus Advisors LLP was advisor to the company.

Shares of Netweb Technologies hit a fresh 52-week high of Rs 5,813 per share on Monday on the NSE. In the last one month, the stock rallied 27.41% and nearly 123.25% in the last one year.

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