IPO Details
Bidding Dates
29 Nov '23 - 03 Dec '23
Minimum Investment
₹1,44,000 / 1 Lots ( 8000 Shares )
Price Range
₹16 - ₹18
Maximum Investment
₹1,44,000 / 1 Lots ( 8000 Shares )
Retail Discount
Not Applicable
Issue Size
₹10.25 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Nov 29, 2023
Closing Date
Dec 3, 2023
Basis of Allotment
Dec 6, 2023
Initiation of Refunds
Dec 7, 2023
Credit of Shares to Demat
Dec 10, 2023
Listing Date
Dec 11, 2023
UPI Mandate Expiry Date
Dec 3, 2023
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Nov 29, 2023 |
0.00x | 10.74x | 23.37x | 14.00x |
Day 2Nov 30, 2023 |
0.41x | 46.17x | 89.41x | 54.76x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.41 |
| Non-Institutional Buyers | 46.17 |
| Retail Investors | 89.41 |
| Total | 54.76 |
About Net Avenue Technologies Limited
Incorporated in 2001, Net Avenue Technologies Limited is involved in the business of online direct-to-consumer Indian ethnic wear and accessories for women, kids and men. They have a presence in International cross-border e-commerce direct-to-consumer for their products.
The company sells their products through their website and mobile apps. They also distribute their products via popular e-commerce platforms like Nykaa, Myntra, Ajio, etc.
Net Avenue Technologies Limited owns brands like Ethnovog, an online clothing store, and Cbazaar.com, an online shopping platform rated one of the best online shops in the United States in 2020 and one of the fastest-growing brands in the United States in 2022.
The Indian e-retail industry is expected to grow by more than 300-350 million shoppers, propelling the online Gross Merchandise Value (GMV) to US $100-120 billion by 2025. This demand can create a good opportunity for the company.
Net Avenue Technologies Limited IPO Details
Net Avenue Technologies Limited IPO Dates
Net Avenue Technologies Limited’s IPO opens on November 30, 2023 and closed on December 4, 2023.
Net Avenue Technologies Limited IPO Price Band
Net Avenue Technologies Limited is a fresh issue of 57,00,000 shares. The price band is ₹16 to ₹18 per share.
Net Avenue Technologies Limited IPO Lot Size
Net Avenue Technologies Limited’s IPO lot size is 8,000 shares, and the minimum investment is 1 lot.
Net Avenue Technologies Limited IPO Objectives
The objectives of Net Avenue Technologies Limited's IPO are listed below:
- To fund for the customer acquisition, i.e., marketing and awareness.
- To fund the working capital requirements of the company.
- To meet general corporate purposes.
- To meet the issue expenses.
Peer Details
Net Avenue Technologies Limited faces competition from publicly listed players like Nandini Creations.
How To Check the Net Avenue Technologies Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Net Avenue Technologies Limited IPO
- Registered office: New No. 16, Old No. 13, 1st Floor Prithvi Avenue, Alwarpet, Chennai-600018, Tamil Nadu, India.
- Phone: +91-044-42789289
- E-mail: investor@natl.in
Company Financials
| Particulars | Period ending on March 31, 2023 | Period ending on March 31, 2022 | Period ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue | 3,451.26 | 3,276.16 | 1,447.54 |
| Profit after Tax | 176.40 | 261.51 | 23.11 |
| Net Worth | 233.54 | 42.57 | -228.37 |
| Earnings Per Equity Share (in ₹) | 2.10 | 3.11 | 0.28 |
| Total Borrowings | 276.06 | 84.24 | 191.07 |
Know before investing
Strengths
2-
The company offers various clothing products catering to all age groups with worldwide shipping.
-
The company aims to be available easily for all customers through giant e-commerce platforms like Amazon, Walmart, etc.
Risks
2-
The business depends on the user’s changing behaviour. The company must respond effectively to these changes.
-
The company must focus on both retaining old customers and acquiring new customers with the right price points.
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Net Avenue Technologies Ltd IPO FAQs
The Net Avenue Technologies Ltd. IPO is a fresh issue of 57,00,000 shares. The price band is ₹16 to ₹18 per share and the IPO opens on November 30, 2023.
The allotment date for Net Avenue Technologies Limited’s IPO is December 07, 2023.
The IPO subscription window will open on November 30, 2023.
The lot size for the IPO is 8,000 shares and the minimum investment is 1 lot.
The listing date for Net Avenue Technologies Limited is December 12, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is December 12, 2023, for Net Avenue Technologies Ltd.
The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
