Net Avenue Technologies is engaged in on-line virtual direct-to-consumer trade for Indian Ethnic put on and equipment. THe corporate additionally has a presence in International cross-border e-commerce direct-to-consumer for its merchandise. Their product vary comprises Indian ethnic put on and equipment for ladies, males, teenagers, and youngsters.
The Company used to be initially included on June 07, 2001, as “Net Avenue Technologies Private Limited” beneath the provisions of the Companies Act, 1956 with the Registrar of Companies, Tamil Nadu. Subsequently, the Company used to be transformed right into a Public Limited Company, and the identify of the corporate used to be modified from “Net Avenue Technologies Private Limited” to “Net Avenue Technologies Limited” vide a recent certificates of incorporation dated September 22, 2023, issued via the Registrar of Companies, Chennai. Their core trade sells Indian Ethnic put on and equipment, essentially catering to the South Asian Diaspora, a phase they achieve thru their web page and cell programs. Furthermore, they lengthen their achieve via distributing their merchandise thru quite a lot of distinguished E-commerce platforms, together with however no longer restricted to Myntra, Nykaa, and Ajio, amongst others.
Net Avenue Technologies have crafted their trade’s basis thru iterative innovation to reinforce user pride and optimize buying conduct. They recognize that the shopper’s trail to product variety frequently comes to an excessive amount of time devoted to exploration. Consequently, they’re dedicated to gaining insights into the decision-making procedure and offering beef up at the most important junctures during a client’s adventure on their platform. To this finish, they have got strategically built-in throughout a couple of touchpoints, enabling them to have interaction shoppers and curate personalised surfing and buying stories that cater to the various wishes of our valued consumers.
Objects of the Issue:
- Customer Acquisition – Marketing and Awareness.
- Funding Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Net Avenue Technologies IPO Review
Net Avenue Technologies IPO Date & Price Band Details
IPO Open: | November 30, 2023 |
IPO Close: | December 4, 2023 |
IPO Size: | Approx ₹10.26 Crores, 5,700,000 Equity Shares |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹16 to ₹18 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 35% of the web be offering |
QIB Quota: | 50% of the web be offering |
NII Quota: | 15% of the web be offering |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Net Avenue Technologies IPO Market Lot
The Net Avenue Technologies IPO minimal marketplace lot is 8000 stocks with a ₹144,000 utility quantity.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 8000 | ₹144,000 |
Retail Maximum | 1 | 8000 | ₹144,000 |
S-HNI Minimum | 2 | 16000 | ₹288,000 |
Net Avenue Technologies IPO Dates
The Net Avenue Technologies IPO date is November 30 and the IPO shut date is December 4. The IPO allotment date is December 7 and the IPO may checklist on December 12.
IPO Open Date: | November 30, 2023 |
IPO Close Date: | December 4, 2023 |
Basis of Allotment: | December 7, 2023 |
Refunds: | December 8, 2023 |
Credit to Demat Account: | December 11, 2023 |
IPO Listing Date: | December 12, 2023 |
You can test IPO subscription standing and IPO allotment standing on their respective pages.
Net Avenue Technologies IPO Form
How to use Net Avenue Technologies IPO? You can observe Net Avenue Technologies IPO by the use of ASBA to be had to your checking account. Just pass to the web financial institution login and observe by the use of your checking account via deciding on the Net Avenue Technologies IPO within the Invest phase. The different possibility you’ll observe Net Avenue Technologies IPO by the use of IPO bureaucracy obtain by the use of the NSE web page. Check out the Net Avenue Technologies bureaucracy – click on NSE IPO Forms obtain, fill and publish to your financial institution or together with your dealer.
Net Avenue Technologies Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹14.48 | ₹14.51 | ₹0.23 |
2022 | ₹32.76 | ₹30.05 | ₹2.62 |
2023 | ₹34.51 | ₹32.76 | ₹1.76 |
Net Avenue Technologies IPO Valuation – FY2023
Check Net Avenue Technologies IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
Earning Per Share (EPS): | ₹1.87 according to Equity Share |
Price/Earning P/E Ratio: | 9.63 |
Return on Net Worth (RoNW): | 75.53% |
Net Asset Value (NAV): | ₹19.46 according to Equity Share |
Peer Group
- Mr. Rajesh Nahar
- Mr. Ritesh Katariya
Net Avenue Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6273 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Net Avenue Technologies IPO Allotment Status
Check Net Avenue Technologies IPO allotment standing on Bigshare web page URL. Click Here
Net Avenue Technologies IPO Lead Managers aka Merchant Bankers
Company Address
Net Avenue Technologies Limited
New No. 16, Old No. 13,
1st Floor Prithvi Avenue,
Alwarpet Chennai – 600018
Phone: +91-044-42789289
Email: [email protected]
Website: https://www.natl.in/house.html
Net Avenue Technologies IPO FAQs
What is Net Avenue Technologies IPO?
Net Avenue Technologies IPO is an NSE SME IPO. They are going to elevate ₹10.26 Crores by the use of IPO. The factor is priced at ₹16 to ₹18 according to fairness percentage. The IPO is to be indexed on NSE.
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Net Avenue Technologies IPO Price Band is ₹16 to ₹18 according to fairness percentage.
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Note: The Net Avenue Technologies IPO main points are introduced formally. The IPO gray marketplace top class (Net Avenue Technologies IPO Premium) is up to date at the respective web page. You can test our IPO gray marketplace web page for day by day updates.)
– Source : IPOWATCH