Net Avenue Technologies Ltd IPO
Price Range
₹16 - ₹18
-
Min. Quantity
8,000 Shares
Closes on
4 December 2023
-
Min. investment
₹1,44,000
Net Avenue Technologies Ltd IPO Timeline
| Event | Date |
|---|---|
| Net Avenue Technologies Ltd IPO Opening Date | 30 November 2023 |
| Net Avenue Technologies Ltd IPO Closing Date | 4 December 2023 |
| Basis of Allotment | 7 December 2023 |
| Initiation of Refunds | 8 December 2023 |
| Credit of Shares to Demat | 11 December 2023 |
| Net Avenue Technologies Ltd IPO Listing Date | 8 December 2023 |
Net Avenue Technologies Ltd IPO Details
| Net Avenue Technologies Ltd IPO Date | 30 November 2023 to 4 December 2023 |
| Net Avenue Technologies Ltd IPO Face Value | ₹1 per share |
| Net Avenue Technologies Ltd IPO Price | ₹16 to ₹18 per share |
| Net Avenue Technologies Ltd IPO Lot Size | 8,000 |
| Issue Size | Shares of ₹1 (aggregating up to ₹10.25 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹10.25 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rajesh 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 | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 8,000 | ₹1,44,000 |
| Maximum | 1 | 8,000 | ₹1,44,000 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 20.35 | 26.98 | -1.72 |
| 03-2023 | 23.29 | 36.3 | 1.87 |
| 03-2022 | 27.98 | 32.71 | 2.85 |
| 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 Holding | 19.32% |
| Post Issue Share Holding | 14.19% |
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)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 340.3806 |
Net Avenue Technologies Ltd IPO Prospectus
Net Avenue Technologies Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE518X01015 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
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
Net Avenue Technologies Ltd IPO Lead Manager(s)
- Shreni Shares Ltd
How to Check the Allotment Status of Net Avenue Technologies Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Net Avenue Technologies Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Net Avenue Technologies Ltd IPO
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.