Net Avenue Tech IPO Overview:
Net Avenue Technologies is gearing up for a significant milestone as it launches its IPO, scheduled to open on November 29 and conclude on December 4. The NSE SME IPO aims to raise ₹10.26 crores, with a price band set at ₹16 to ₹18 per share and a market lot size of 8000 shares.
The company specializes in the online digital direct-to-consumer business, particularly focusing on Indian Ethnic wear and accessories. Additionally, it has a footprint in international cross-border e-commerce for its diverse product range, catering to women, men, teens, and kids.
Originally incorporated as “Net Avenue Technologies Private Limited” on June 7, 2001, the company underwent a transformation into a Public Limited Company. The name was subsequently changed to “Net Avenue Technologies Limited” on September 22, 2023. Their primary business revolves around the sale of Indian Ethnic wear and accessories, primarily targeting the South Asian Diaspora. They reach this segment through their website, mobile applications, and collaborations with prominent e-commerce platforms like Myntra, Nykaa, Ajio, and others.
Net Avenue Technologies has built its business foundation on iterative innovation, aiming to enhance consumer satisfaction and optimize purchasing behavior. Recognizing the significant time consumers dedicate to product exploration, the company is committed to understanding the decision-making process. They strategically integrate across various touchpoints to engage consumers, providing personalized browsing and purchasing experiences that cater to the diverse needs of their valued customers.
Purpose of the Offering:
- Attracting new customers through marketing and awareness initiatives.
- Securing funds for day-to-day operations.
- Addressing general corporate needs.
- Covering the expenses related to the IPO.
Net Avenue Tech IPO Review (Apply or Not)
- May Apply
Net Avenue Tech IPO: Information on Date and Price Band.
| IPO Open: | 30-November-2023 |
| IPO Close: | 4-December-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 net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
The market lot for Net Avenue Tech IPO
To get in on the Net Avenue Technologies IPO, the smallest investment package consists of 8000 shares, requiring an application amount of ₹144,000.
| 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 Tech IPO: Allotment and Listing Dates.
Mark your calendars for the Net Avenue Technologies IPO, set to commence on November 30 and conclude on December 4. Expect the IPO allotment results to be unveiled on December 6, with the possibility of the IPO being listed on December 8.
| IPO Open Date: | 30-November-2023 |
| IPO Close Date: | 4-December-2023 |
| Basis of Allotment: | 6-December-2023 |
| Refunds: | 8-December-2023 |
| Credit to Demat Account: | 8-December-2023 |
| IPO Listing Date: | 8-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Net Avenue Tech IPO
Interested in participating in the Net Avenue Technologies IPO? It’s a simple process! Utilize the ASBA (Application Supported by Blocked Amount) facility through your bank account. Just log in to your online banking, navigate to the Invest section, and choose Net Avenue Technologies IPO for your application. Alternatively, you can opt to download IPO forms directly from the NSE website. Click on NSE IPO Forms, grab the Net Avenue Technologies forms, fill them out, and then submit them at your bank or hand them over to your broker. Easy as that!
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 detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.87 per Equity Share |
| Price/Earning P/E Ratio: | 9.63 |
| Return on Net Worth (RoNW): | 75.53% |
| Net Asset Value (NAV): | ₹19.46 per Equity Share |
Peer Group
- NA
Company Promoters
- Mr. Rajesh Nahar
- Mr. Ritesh Katariya
Net Avenue Technologies IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6273 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Net Avenue Technologies IPO Allotment Status
Check Net Avenue Technologies IPO allotment status on Bigshare website URL. Click Here
Net Avenue Technologies IPO Lead Managers aka Merchant Bankers
- Shreni Shares Limited
Company Address
Net Avenue Technologies Limited
New No. 16, Old No. 13,
1st Floor Prithvi Avenue,
Alwarpet Chennai – 600018
Phone: +91-044-42789289
Email: investor@natl.in
Website: https://www.natl.in/home.html
