Net Avenue Technologies IPO

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 nameNet Avenue Technologies Limited
Company Website

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, and

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., 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 date30 November 2023
IPO Closing04 December 2023
Basis of Allotment07 December 2023
Initiation Refund08 December 2023
Credit to Demat Account11 December 2023
Listing Date12 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 4, 2023)

Net Avenue Technologies IPO details

Issue typeBook Built Issue IPO
IPO issue size₹10.25 Cr-5,696,000 shares
Fresh Issue₹10.25 Cr-5,696,000 shares
Offer for saleNil
Face value₹01 share
Price Band ₹16 to ₹18 per share
Lot size8000 Shares
Market Maker portion288,000 shares
Shareholding pre-issue15,758,078
Shareholding post-issue21,454,078
Listing ExchangeNSE SME

Net Avenue Technologies IPO Lot Size

Retail (Min)18000₹144,000
Retail (Max)18000₹144,000
HNI (Min)216,000₹288,000

Net Avenue Technologies IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,616,000 (28.37%)
Market Maker Shares Offered288,000 (5.06%)
QIB Shares Offered1,080,000 (18.96%)
NII (HNI) Shares Offered816,000 (14.33%)
Retail Shares Offered1,896,000 (33.29%)
Total Shares Offered5,696,000 (100%)

Net Avenue Technologies Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income0.232.621.760.94
(Amount in ₹ Crores)

Net Avenue Technologies Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio8.56 – 9.63
RONW (%)(10.12)614.2875.53
ROCE (%)21.64827.8548.27
EBITDA (%)0.899.806.30

Company Promoters

  • Mr. Rajesh Nahar
  • Mr. Ritesh Katariya

Promoter Holding

Pre Issue Share Holding45.31%
Post Issue Share Holding33.28%

Net Avenue Technologies IPO Lead Manager(s)

A/007, Western Edge – II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066, Maharashtra
Phone: 022 2089 7022

Net Avenue Technologies Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Net Avenue Technologies Contact Details

Ground Floor and 1st Floor,
Plot No. H-139 to 141 Laxminarayan Industrial Estate,
BRC Compound, Udhna, Surat – 394210, Gujarat
Phone: +91-044-42789289

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

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