1149189 SIP myths you must know!
Company has strong capabilities, focus on innovation. It's super computers have come in the list of top 500 super computers of the world. It caters to diverse sectors and has partnered with players like Intel, Samsung, AMD.
Another IPO listing has caught everyone’s eyes. The IPO of Netweb Technologies has hit the secondary market at a premium of more than 89%. Yes you read it right, 89%. The stock got listed on NSE at ₹ 947.00/share. While its issue price was Rs 5000. Even during the bidding process, there was a good response as it got subscribed 90.55 times. The company raised a total of Rs 631 crore from IPO. It seems IPOs that are coming in the market are getting twin benefits. On one hand market sentiment is bullish and on the other hand, fundamentally these companies are major players in growing sectors. This is a case in point for ideaForge, Cyient DLM, Senc Gold and also for Netweb technologies.
Netweb is in the supercomputing and private computing. Industries to which company caters are expected to grow at around 9% or more. Government initiatives such as digital india, make in india PLI schemes along with China +1 strategy are also tailwinds for the company.
Company has strong capabilities, focus on innovation. It’s super computers have come in the list of top 500 super computers of the world. It caters to diverse sectors and has partnered with players like Intel, Samsung, AMD.
Althoug, there are few risks like its revenues are concentrated in 2 sectors. Higher education and Research accounts for close to 47% share in revenue while IT & ITES accounts for close to 25% share in revenues. Looking at business vertical wise Supercomputing accounts for 39.19% share in revenue while private cloud and HCI accounts for 33.13% share. Now cloud computing is dominated by Amazon, Google and Microsoft. However company is in private cloud business which is somewhat different.