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IPO Net Avenue Technologies Ltd

  • Price Range

    ₹16 - ₹18

  • Min. Quantity

    8,000

  • Closes on

    4 December 2023

  • Min. investment

    ₹1,44,000/8,000 Shares

Net Avenue Technologies Ltd IPO Timeline

Net Avenue Technologies Ltd was originally incorporated on June 07, 2001 as 'Net Avenue Technologies Private Limited' with the Registrar of Companies, Tamil Nadu. Subsequently Company converted into Public Limited Company and name of Company was changed to 'Net Avenue Technologies Limited' vide fresh Certificate of Incorporation dated September 22, 2023 issued by the Registrar of Companies, Chennai.

EventDate
Net Avenue Technologies Ltd IPO Opening Date30 November 2023
Net Avenue Technologies Ltd IPO Closing Date 4 December 2023
Basis of Allotment7 December 2023
Initiation of Refunds8 December 2023
Credit of Shares to Demat11 December 2023
Net Avenue Technologies Ltd IPO Listing Date8 December 2023

Net Avenue Technologies Ltd IPO Details

Net Avenue Technologies Ltd IPO Date30 November 2023 to 4 December 2023
Net Avenue Technologies Ltd IPO Face Value1 per share
Net Avenue Technologies Ltd IPO Price16 to ₹18 per share
Net Avenue Technologies Ltd IPO Lot Size8,000
Issue SizeShares of ₹1 (aggregating up to ₹10.25 Cr)
Fresh IssueShares of ₹1 (aggregating up to ₹10.25 Cr)
Offer for Sale-
Issue TypeBook Building - SME
Listing At NSE - SME
QIB Shares Offered-
Retail Shares Offered-
NII (HNI) Shares Offered-
Company PromotersRajesh Nahar, Ritesh Katariya

Net Avenue Technologies Ltd IPO Lot Size

The Net Avenue Technologies Ltd IPO lot size is 8,000 shares. A retail-individual investor can apply for up to 1 lots (8,000 shares or ₹1,44,000).

Application LotsSharesAmount
Minimum18,000₹1,44,000
Maximum18,000₹1,44,000
  • Risks
  • Opportunities
  • Diverse Product Range.
  • Customer-Centric Growth Approaches.
  • Technology-Driven.
  • Sustainable Fashion Advocate (Just-In-Time).
  • Data-Driven Body Sizing for Optimal Fit.
  • Experienced Promoters.

Company Financials

Net Avenue Technologies Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-202420.3526.98-1.72
03-202323.2936.31.87
03-202227.9832.712.85
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Customer Acquisition - Marketing & Awareness
  • Funding Working Capital Requirements
  • General Corporate Expenses

Net Avenue Technologies Ltd IPO Promoter Holding

Pre Issue Share Holding19.32%
Post Issue Share Holding14.19%

Net Avenue Technologies Ltd IPO Subscription Status (Bidding Detail)

The Net Avenue Technologies Ltd IPO is subscribed 340.3806 times on 4 December 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryQIBNIIRetailEmployeeTotal
Subscription (times)----340.3806

Net Avenue Technologies Ltd IPO Prospectus

Net Avenue Technologies Ltd IPO Listing Date

Listing Date8 December 2023
BSE Script 92291
NSE SymbolCBAZAAR
Listing In NSE - SME
ISININE518X01015
IPO Price18
Face Value1

Company Contact Information

Net Avenue Technologies Ltd
New # 16 Old # 13 1st FlrPrithvi Avenue Alwarpet,Chennai-600018
Phone: +91-044-4278 9289
Email: info@natl.in
Website: www.natl.in

Net Avenue Technologies Ltd IPO Registrar

Phone:022 - 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Net Avenue Technologies Ltd IPO Lead Manager(s)

  1. Shreni Shares Ltd

FAQ

What is the issue size of Net Avenue Technologies Ltd IPO?

Net Avenue Technologies Ltd IPO, which opens for subscription from to 4 December 2023 has an issue size of ₹10.25 crore. The issue type is book building issue.

I have pre-applied for Net Avenue Technologies Ltd IPO. When will my order get placed?

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

What are the open and close dates for Net Avenue Technologies Ltd IPO?

Net Avenue Technologies Ltd IPO Opens for subscription from 30 November 2023 to 4 December 2023

What is the lot size and minimum order quantity of the Net Avenue Technologies Ltd IPO?

The lot size of Net Avenue Technologies Ltd is 8,000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹1,44,000 and ₹1,44,000 respectively.

What are the allotment dates for the Net Avenue Technologies Ltd IPO?

Allotment date for Net Avenue Technologies Ltd is 7 December 2023 and refund of application amount (in case allotment is not received) will begin from 8 December 2023. If your allotment goes through, then shares will be credited in your Demat account by 11 December 2023.

Who is the registrar of Net Avenue Technologies Ltd IPO?

The registrar for Net Avenue Technologies Ltd IPO is Bigshare Services Pvt Ltd . You can check your IPO allotment status on the registrar's website.

Where is the Net Avenue Technologies Ltd IPO getting listed?

The shares of Net Avenue Technologies Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)