Introduction: The announcement of Net Avenue Technologies Limited’s Initial Public Offering (IPO) is a critical turning point in the company’s development. The company’s IPO presents a favorable opportunity for investors to partake in its growth narrative and benefit from its optimistic outlook.
Net Avenue Technologies Limited IPO Details
The subscription period for Net Avenue Technologies IPO start on November 30, 2023, and ends on December 4, 2023. On Thursday, December 7, 2023, the allocation for the Net Avenue Technologies IPO is anticipated to be completed. The proposed listing date for the Net Avenue Technologies initial public offering (IPO) on NSE SME is December 12, 2023. The book built IPO of Rs 10.25 crores is Net Avenue Technologies Limited. This is a 56.96 lakh share fully new issue.
. Price Brand: A price range of ₹16 to ₹18 per share has been set for Net Avenue Technologies IPO. 8000 Shares is the minimum lot size required for an application. Retail investors must invest at least Rs 144,000 as a minimum. For HNI, a minimum investment of two lots 16,000 shares of Rs 288,000 is required.
Net Avenue Technologies Limited IPO Price Range Details
| IPO Date | 30 November 2023 to 4th December |
| IPO Price | Rs 16 to Rs 18 Per Share |
| Lot Size | 8000 Share |
| Face Value | Rs 1 |
| Total Issue | 5,696,000 Shares |
| Fresh Issue | 5,696,000 Shares |
| Listing Platform | NSE SME |
| Retail Minimum 1 lot (8000 Shares) | Rs 144,000 |
| HNI Minimum 2 lot (16000 Shares) | Rs 288,000 |
Net Avenue Technologies Limited IPO Status
| IPO Open Date | 30 November 2023 |
| IPO Close Date | 4 December 2023 |
| Share Allotment Date | 7 December 2023 |
| Refund Process Start Date | 8 December 2023 |
| Share Credit in Demat Account | 11 December 2023 |
| Listing Date | 12 December 2023 |
IPO Reservation
| QIB Category | Up to 50% |
| Retail Category | 35% |
| HNI Category | 15% |
Promoter Holding
| Share Holding Pre Issue | 45.30% |
| Share Holding Post Issue | 33.25% |
Net Avenue Technologies Limited Company Overview
About NATL: Net Avenue Technologies Limited established in 1998, Company is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. With the introduction of chennaibazaar.com, one of the earliest Indian giving portals, the company began as a collaboration between two ambitious individuals. Following significant success providing Indian expatriates with gift options, the firm expanded its product line to include Indian designer clothing and jewelry. With the introduction of cbazaar.com and then homeIndia.com, the business became recognized as one of the leaders in the Indian fashion retail industry.
Company Popular Brands:
1. cbazaar.com: Global Indian ethnic fashion company Cbazaar specializes in online direct-to-consumer sales. Its main markets are the US, the UK, and Canada, and it has a sizable global client base.
2. Ethnovog .com: A budget-friendly and inclusive selection of clothing for women, youths, and children is available at Ethnovog, an online clothing store. Ethnovog meets fashion trends by offering a wide range of reasonably priced clothing in several sizes, styles, and patterns.
Company Products:
Women category: Lehenga, Salwar Kameez, Indo Western Wear, Saree Kurta Sets, Kurtis, Jewelry, and many more items.
Men Cateory: Sherwani, Kurta Pyjama, Formal, Informal Suits, and more.
Board of Directors and Promoters:
1. Mr. Rajesh Nahar, Chairman and Managing Director and promoter
2. Mr. Ritesh Katariya, Whole-Time Director and promoter
3. Mr. K Naresh Kumar, Non-Executive Director
4. Mr. Rajagopalachari Murali, Independent Director
5. Ms. Riya Jain, Independent Director
Net Avenue Technologies Limited IPO Object on Issue:
1. Customer Acquisition Marketing & Awareness
2. General Corporate Purpose
3. Funding Working Capital Requirement
4. To Meet the Issue Expenses
Company Financial Performances ( All Amount In Lakhs )
| Particulars | 30 June 2023 | 31 March 2023 | 31 March 2022 | 31 March 2021 |
|---|---|---|---|---|
| Revenue | 783.89 | 3451.26 | 3276.16 | 1447.54 |
| Profit After Tax | 94.39 | 176.40 | 261.51 | 23.11 |
| Expenses | 741.09 | 3275.79 | 3004.81 | 1450.67 |
| EPS | 1.00 | 1.87 | 2.77 | 0.24 |
| Current Assets | 1317.92 | 1419.90 | 1295.26 | 769.85 |
| Reserves and Surplus | 306.57 | 211.41 | 20.44 | -250.50 |
| Total Borrowing | 292.69 | 276.06 | 84.24 | 191.07 |
Dividend Policy: For the previous five years, Net Avenue Technologies Limited has not issued any dividends. In light of its financial performance and prospects going forward, it will implement a cautious dividend policy.
Risk: Purchasing equity shares carries a significant amount of risk. There are dangers associated with any investment. Draw attention to any possible issues that investors should be aware of, such as risks unique to the industry, market volatility, upcoming regulations, or any other elements that could have an influence on the success of the business.
OFFICE:
Net Avenue Technologies Limited
New No. 16, Old No. 13, 1st Floor Prithvi Avenue,
Alwarpet, Teynampet, Chennai-600018, Tamil Nadu, India.
Tel. No.: +919043336159
EMAIL : [email protected]
Website: www.natl.in
FAQ:
Net Avenue Technologies Limited IPO OPEN date?
IPO Open 30 November 2023
Net Avenue Technologies Limited IPO Close Date?
4th December
Net Avenue Technologies Limited IPO Lot Size
Lot Size is one lot ( 8000 shares )
Net Avenue Technologies Limited IPO Listing Date?
12th december 2023
