Net Avenue Technologies IPO will open for subscription from 30 November 2023. The company aims for an issue size of ₹10.25 Cr through this IPO.
Company Overview
| Full name | Net Avenue Technologies Limited |
| Sector | Other |
| Industry | Unspecified |
| Company Website | https://www.natl.in/home.html |
About Company
Net Avenue Technologies is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. The company also has a presence in International cross-border e-commerce direct-to-consumer for its products. Its product range includes Indian ethnic wear and accessories for women, men, teens, and kids catering primarily to the South Asian diaspora through its websites, cbazaar.com and ethnovog.com.
Furthermore, Net Avenue Technologies extends its reach by distributing the products through various prominent E-commerce platforms, including Myntra, Nykaa, and Ajio, among others. The direct-to-consumer approach serves customers from many countries, with the United States, United Kingdom, Australia, and Canada being the primary markets. Cbazaar.com, owned by Net Avenue Technologies was rated as 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 Objectives of the Issue
- Customer Acquisition – Marketing and Awareness.
- Funding Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Net Avenue Technologies IPO Timetable
| IPO Opening date | 30 November 2023 |
| IPO Closing | 04 December 2023 |
| Basis of Allotment | 07 December 2023 |
| Initiation Refund | 08 December 2023 |
| Credit to Demat Account | 11 December 2023 |
| Listing Date | 12 December 2023 |
Net Avenue Technologies IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹10.25 Cr-5,696,000 shares |
| Fresh Issue | ₹10.25 Cr-5,696,000 shares |
| Offer for sale | Nil |
| Face value | ₹01 share |
| Price Band | ₹16 to ₹18 per share |
| Lot size | 8000 Shares |
| Market Maker portion | 288,000 shares |
| Shareholding pre-issue | 15,758,078 |
| Shareholding post-issue | 21,454,078 |
| Listing Exchange | NSE SME |
Net Avenue Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| HNI (Min) | 2 | 16,000 | ₹288,000 |
Net Avenue Technologies IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,616,000 (28.37%) |
| Market Maker Shares Offered | 288,000 (5.06%) |
| QIB Shares Offered | 1,080,000 (18.96%) |
| NII (HNI) Shares Offered | 816,000 (14.33%) |
| Retail Shares Offered | 1,896,000 (33.29%) |
| Total Shares Offered | 5,696,000 (100%) |
Net Avenue Technologies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 13.80 | 31.23 | 33.44 | 7.60 |
| Expenses | 14.51 | 30.05 | 32.76 | 7.41 |
| Net income | 0.23 | 2.62 | 1.76 | 0.94 |
Net Avenue Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.24 | 2.77 | 1.87 |
| PE ratio | – | – | 8.56 – 9.63 |
| RONW (%) | (10.12) | 614.28 | 75.53 |
| NAV | (19.03) | 3.55 | 19.46 |
| ROCE (%) | 21.64 | 827.85 | 48.27 |
| EBITDA (%) | 0.89 | 9.80 | 6.30 |
| Debt/Equity | (0.71) | 4.55 | 1.26 |
Company Promoters
- Mr. Rajesh Nahar
- Mr. Ritesh Katariya
Promoter Holding
| Pre Issue Share Holding | 45.31% |
| Post Issue Share Holding | 33.28% |
Net Avenue Technologies IPO Lead Manager(s)
SHRENI SHARES LIMITED
A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022
Email: shrenishares@gmail.com
Website: www.shreni.in
Net Avenue Technologies Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Net Avenue Technologies Contact Details
NET AVENUE TECHNOLOGIES LIMITED
Ground Floor and 1st Floor,
Plot No. H-139 to 141 Laxminarayan Industrial Estate,
BRC Compound, Udhna, Surat – 394210, Gujarat
Phone: +91-044-42789289
E-mail: info@natl.in
Website: www.natl.in
Net Avenue Technologies IPO Allotment Status
Net Avenue Technologies IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Net Avenue Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
