Net Avenue Technologies is set to launch an IPO which will open on November 30, 2023, and close on December 04, 2023. Through this public offer the company wants to raise Rs. 10.26 crore from the primary market, The Company fixed the price band of Rs. 16-18 with a minimum lot of 8000 shares, and listed on December 11, according to the preliminary papers filed to the capital market regulator SEBI.
About Net Avenue Technologies Company
Net Avenue Technologies (2001) is engaged in the business of Indian ethnic wear (for men, women, teens, and kids)and accessories through online digital direct-to-consumer mode in India and the South Asian market. The company also sell its products on a well-known online platform like Ajio, Nykaa, Myntra, etc.
www.Cbazaar.com brand is owned by the company, one of the fastest-growing brands in the US in 2022.
Net Avenue Technologies IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- Customer acquisition – marketing and awareness
- The working capital requirement of the company
- General corporate and issue expenses
Net Avenue Technologies Strength
- Diverse product range
- Customer-centric growth approaches
- Technology-driven
- Experienced promoters
- Data-driven body sizing for optimum fit
Net Avenue Technologies Risk Factor
- Outstanding legal proceeding
- Business depends on online commerce growth
- The company operates in a highly competitive industry
Net Avenue Technologies IPO Review & Rating
| Issue Size (Rs.) | 10.26 crore |
| Issue Price (Rs.) | 16-18 per share |
| Minimum Lot Size | 8000 shares |
| Total Profit (March 2023) (Rs.) | 1.76 crore |
| RoNW (%) | 84.87% |
| NAV (Rs.) | 28.23 |
| Listing on | BSE-SME |
| IPO Deliver Rating | Three |
Net Avenue Technologies IPO Dates, Price Band & Details
Net Avenue Technologies IPO will open on November 30, 2023, and close on December 04, 2023. The IPO list on December 12, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 10.26 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | November 30, 2023 |
| IPO Close Date | December 04, 2023 |
| IPO Allotment Date | December 07, 2023 |
| Refund Date | December 08, 2023 |
| Share Credit Date | December 11, 2023 |
| Listing Date | December 12, 2023 |
Net Avenue Technologies IPO Offer
Net Avenue Technologies IPO’s total issue size is 57,00,000 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 57,00,000 | 10.26 crore |
| Offer for Sale (OFS) | – | – |
Net Avenue Technologies Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 3,451.26 | 3,276.16 | 1,447.54 |
| Net Worth | 233.54 | 42.57 | (228.37) |
| Profit | 176.40 | 261.51 | 23.11 |
| Borrowings | 276.06 | 84.24 | 191.07 |
Net Avenue Technologies IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 2.21 | 3.33 | o.31 |
| RoNW (%) | 84.87 | 1509.01 | (9.58) |
| NAV (Rs.) | 18.23 | 1.54 | (22.55) |
Net Avenue Technologies IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Nandini Creations | 0.11 | 0.58 | 24.55 |
| – | – | – | – |
Net Avenue Technologies Company Promoters
As per the DRHP and RHP, the company has two promoters.
| Serial No. | Name |
| 01. | Rajesh Nahar |
| 02. | Ritesh Kataria |
Net Avenue Technologies Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 45.31 |
| Post- Issue | – |
Net Avenue Technologies IPO Reservation
Net Avenue Technologies IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | Not more than 50% of the issue size |
| RII Share Offered | Not less than 35% of the issue size |
| NII Share Offered | Not less than 15% of the issue size |
Net Avenue Technologies IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 8000 Shares and a maximum of 1 lot of 8000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 8000 | 1,44,000 |
| Retail Maximum | 01 | 8000 | 1,44,000 |
Net Avenue Technologies IPO – Prospectus
An investor can download/view the Net Avenue Technologies prospectus copy, which was filed by the company to SEBI, details are as follows.
| Net Avenue Technologies IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Net Avenue Technologies IPO Registrar
Bigshare Services Private Limited
Tel No.: +91-22-6263 8200
E-Mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Net Avenue Technologies IPO lead manager
Shreni Shares Limited
Tel No.: +91-022 2089 7022
E-Mail: shrenishares@gmail.com
Website: www.shrenishares.in
Net Avenue Technologies IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Net Avenue Technologies IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Net Avenue Technologies Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Net Avenue Technologies Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Net Avenue Technologies Company Details
Net Avenue Technologies Limited
Registered Office: New no. 16, old no.13, 1st Floor Prithvi Avenue, Alwarpet, Chennai- 600018
Tel. No: +91-044-42789289
Email: info@natl.in
Website: www.natl.in
Investor Grievances/Compliance Officer: Ms. D B Darshan
Net Avenue Technologies Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | Cbazaar.com Inc – USA |
| 02. | Pioneer Tradings Ltd – UK |
Net Avenue Technologies Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Rajesh Nahar |
| 02. | Ritesh Kataria |
Net Avenue Technologies IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Net Avenue Technologies IPO?
Ans: Net Avenue Technologies brings its SME IPO of Rs. 10.26 crores, on November 30, 2023, with a price band of Rs. 16-18 per share.
Q-2 What is Net Avenue Technologies IPO Open date?
Ans: Net Avenue Technologies IPO opening date is November 30, 2023.
Q-3 What is Net Avenue Technologies IPO Close Date?
Ans: Net Avenue Technologies IPO closing date is December 04, 2023.
Q-4 What is Net Avenue Technologies IPO Listing date?
Ans: Net Avenue Technologies IPO listing date is December 12, 2023.
Q-5 What is Net Avenue Technologies IPO Minimum investment amount?
Ans: Net Avenue Technologies IPO minimum investment amount is Rs. 1,44,000.
Q-6 What is Net Avenue Technologies IPO offer issue Size?
Ans: Net Avenue Technologies offers an issue size of Rs. 10.26 Crores.
Q-7 What is Net Avenue Technologies IPO Price Band?
Ans: Net Avenue Technologies IPO price band is Rs. 16-18 per share.
Q-8 Is Net Avenue Technologies IPO mainboard IPO or SME IPO?
Ans: Net Avenue Technologies IPO is an SME IPO.
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