IPO

Net Avenue Technologies Limited IPO

NSE SME

Listed On: Dec 8, 2023 at ₹ 42.0

₹ 288000 /16000 Shares
*Min Investment

Check Allotment

30 Nov, 2023

Open Date

04 Dec, 2023

Close Date

05 Dec, 2023

Allotment Date

08 Dec, 2023

Listing Date
Net Avenue Technologies Limited IPO Issue Details
  • Issue Price ₹16-18 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 5,700,000 shares(aggregating up to ₹10.26 Cr)
  • Listing at NSE SME
  • List Price 42.0
  • Listing Date 2023-12-08
  • Lead Manager Shreni Shares Limited
  • Registrar Bigshare Services Pvt Ltd
Net Avenue Technologies Limited IPO Details
  • Retail Portion 35%
Net Avenue Technologies Limited IPO Documents
DRHP
Net Avenue Technologies Limited IPO Details


Net Avenue Technologies Limited IPO is an SME IPO, priced at ₹16-18 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Nov 30, 2023 to Dec 4, 2023. The allotment is expected to be finalized on Dec 5, 2023, and the tentative listing date is Dec 8, 2023.


The registrar of the IPO is Bigshare Services Pvt Ltd, and

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Net Avenue Technologies Limited IPO Subscription Analysis And Details
Retail
721.68x
Total
511.18x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,080,000 / 816,0001,896,0003,792,000
Day 1 30-11-23 06:00 PM
0.00 / 10.74 x23.37 x14.00 x
Day 2 01-12-23 06:00 PM
0.41 / 46.17 x89.41 x54.76 x
Day 3 04-12-23 06:00 PM
61.99 / 616.59 x721.68 x511.18 x
Net Avenue Technologies Limited Valuations
Earnings Per Share (EPS) ₹2.1/-
P/E Ratio 8.57
RoNW 75.53%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Net Avenue Technologies Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets1,419.901,295.26769.85
Revenue3,451.263,276.161,447.54
Profit After Tax176.40261.5123.11
About Net Avenue Technologies Limited Company

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.

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Net Avenue Technologies Limited - Promoter(s)

Mr. Rajesh Nahar

Mr. Ritesh Katariya

Pre Issue Share Holding : %

Post Issue Share Holding : %

Net Avenue Technologies Limited IPO - Issue Objectives
1

Customer Acquisition - Marketing and Awareness.

2

Funding Working Capital Requirement.

3

General Corporate Purpose.

4

To Meet the Issue Expenses.