Netweb Technologies India announced the successful completion of its Qualified Institutions Placement (QIP), raising an aggregate of approximately Rs 1,200 crore. 

The QIP marks the first equity capital raise by the Company since its listing on the NSE and BSE in July 2023.

The QIP received a strong response from global and domestic institutional investors. Participation from marquee investors such as Goldman Sachs Asset Management, Nomura Asset Management, Amundi Asset Management, Think Investments, ICICI Prudential MF, Edelweiss MF, Invesco MF, HDFC MF, Kotak MF, Tata MF, Motilal Oswal MF, Bank of India MF, Trust MF, Helios MF, among others, reflects their confidence in Netweb's business and the structural growth of India's high-performance computing market and AI ecosystem.

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 per equity share (including a premium of Rs 4,788 per equity share).