Netweb Technologies Raises ₹1,200 Crore Via QIP to Fund Growth and Working Capital

Netweb Technologies India Limited has successfully completed a Qualified Institutions Placement (QIP), raising approximately ₹1,200 crore. This marks the company's first equity capital raise since its listing on the NSE and BSE in July 2023.

The Fund-Raising Committee of the Board of Directors approved the allotment of equity shares on August 20, 2026. The QIP saw significant participation from prominent global and domestic institutional investors, including Goldman Sachs Asset Management, Nomura Asset Management, Amundi Asset Management, and several Indian mutual funds, reflecting strong confidence in Netweb's business and the growth prospects of India's high-performance computing and AI ecosystem.

Under the QIP, the company allotted 2,505,219 equity shares of face value ₹2 each at an issue price of ₹4,790.00 per share (including a premium of ₹4,788.00). The net proceeds are intended to be used for funding working capital requirements to support anticipated growth in the order book and for general corporate purposes.

Mr. Sanjay Lodha, Chairman and Managing Director, expressed gratitude for the investors' trust, highlighting the QIP as a key milestone. He emphasized Netweb's strong position to capitalize on India's multi-year build-out of AI and advanced computing infrastructure, leveraging its two decades of experience and integrated design and manufacturing capabilities. The raised capital will strengthen the company's balance sheet and financial flexibility, enabling it to support operational growth.