Net Avenue Technologies Limited IPO
Net Avenue Technologies Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹16–₹18 per share. The stock debuted at ₹42, delivering a listing gain of 133.3%. The IPO had a lot size of ₹8000 shares and a minimum investment of ₹1,44,000.
Net Avenue Technologies Limited IPO
- IPO Dates
- Nov 30, 2023 – Dec 4, 2023
- Price band
- ₹16-18 per equity share
- Minimum Investment
- ₹1,44,000
- Issue size
- 5,700,000 shares(aggregating up to ₹10.26 Cr)
- Lot size
- 8000
- Allotment Date
- Dec 5, 2023
- Listing
- Dec 8, 2023
- Listing At
- NSE SME
IPO timeline
-
Nov 30, 2023
Open Date
Completed
-
Dec 4, 2023
Close Date
Completed
-
Dec 5, 2023
Allotment Date
Completed
-
Dec 8, 2023
Listing Date
Completed
Net Avenue Technologies Limited IPO Essentials
Net Avenue Technologies Limited IPO Details
Net Avenue Technologies Limited IPO is priced at ₹16-18 per share with a total issue size of 5,700,000 shares(aggregating up to ₹10.26 Cr). The IPO has a lot size of 8000 shares and is listed on NSE SME.
- Issue price
- ₹16-18 per equity share
- Lot size
- 8000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,700,000 shares(aggregating up to ₹10.26 Cr)
- Listing at
- NSE SME
- List price
- 42.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Shreni Shares Limited
Net Avenue Technologies Limited IPO Details
- Retail Portion 35%
Net Avenue Technologies Limited IPO Documents
Net Avenue Technologies Limited IPO Analytics
Net Avenue Technologies Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Net Avenue Technologies Limited IPO Subscription Status
Net Avenue Technologies Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,080,000 / 816,000 | 1,896,000 | 3,792,000 |
|
Day 1
30-11-23 06:00 PM
|
(0.00 / 10.74) x | 23.37 x | 14.00 x |
|
Day 2
01-12-23 06:00 PM
|
(0.41 / 46.17) x | 89.41 x | 54.76 x |
|
Day 3
04-12-23 06:00 PM
|
(61.99 / 616.59) x | 721.68 x | 511.18 x |
Net Avenue Technologies Limited Valuations
Earnings
- EPS (Post IPO)
- ₹2.1/-
- P/E Ratio
- 8.57
Returns
- RoNW
- 75.53%
Net Avenue Technologies Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,419.90 | 1,295.26 | 769.85 |
| Revenue | 3,451.26 | 3,276.16 | 1,447.54 |
| Profit After Tax | 176.40 | 261.51 | 23.11 |
Net Avenue Technologies Limited Company & Offer Insights
About Net Avenue Technologies Limited
Net Avenue Technologies Limited, previously known as Net Avenue Inc. is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories.
Net Avenue Technologies started out as a gifting portal - chennaibazaar.com, one of the first Indian gifting portals, offering gifting solutions to Indians living abroad. The company subsequently diversified its offerings and launched cbazaar.com and ethnovog.com providing Indian ethnic clothes and jewellery.
Cbazaar is a global Indian Ethnic Fashion brand specializing in Direct-to-Consumer Online Retail. Its primary markets include the United States, the UK, and Canada.
Ethnovog is an online apparel store offering size-inclusive and budget-friendly fashion choices for women, teens, and kids.
Net Avenue Technologies primarily caters to South Asian countries. Other than that the company's clientele includes customers from countries like the United States, United Kingdom, Australia, and Canada. The company's distributing partners include Myntra, Nykaa, Ajio, and so on.
The company's product portfolio includes Lehenga Choli, Salwar Kameez, Gowns, Kurtas, Sherwani, Kurta Sets, Kids wear, and Accessories. In 2008 the company launched its own luxury brand - RaiR, a high-end designer Indian clothing.
Net Avenue Technologies' Cbazaar.com was rated as one of the best online shops in the United States in 2020 and one of the fastest-growing brands in the United States in 2022.
Net Avenue Technologies Limited Promoter(s)
Mr. Rajesh Nahar, Mr. Ritesh Katariya are the company's promoters of Net Avenue Technologies Limited.
Net Avenue Technologies Limited IPO Issue Objectives
- •
- Customer Acquisition - Marketing and Awareness.
- •
- Funding Working Capital Requirement.
- •
- General Corporate Purpose.
- •
- To Meet the Issue Expenses.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Net Avenue Technologies Limited IPO is a book-built IPO worth ₹5,700,000 shares(aggregating up to ₹10.26 Cr). The price band is ₹16–₹18 per share. The IPO opens on Nov 30, 2023 and closes on Dec 4, 2023. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Net Avenue Technologies Limited IPO is ₹16 to ₹18 per share.
The lot size of Net Avenue Technologies Limited IPO is 8000 shares.
The minimum investment for Net Avenue Technologies Limited IPO is approximately ₹1,44,000 based on the upper price band .
Net Avenue Technologies Limited IPO opens on Nov 30, 2023 and closes on Dec 4, 2023.
The allotment date of Net Avenue Technologies Limited IPO is Dec 5, 2023.
Net Avenue Technologies Limited IPO is expected to be listed on Dec 8, 2023, on NSE SME Platform.
Net Avenue Technologies Limited IPO valuation snapshot: P/E 8.57, EPS ₹2.1/-, P/B N/A, RoNW 75.53%, and market cap N/A.
To apply for Net Avenue Technologies Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Net Avenue Technologies Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Net Avenue Technologies Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Net Avenue Technologies Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Net Avenue Technologies Limited IPO allotment status on IPO Ji for quick and easy access.