Last updated on December 8, 2023
Net Avenue Technologies IPO description – 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.
Promoters of Net Avenue Technologies – Mr. Rajesh Nahar, and Mr. Ritesh Katariya
Table of Contents
Net Avenue Technologies IPO Details
| Net Avenue Technologies IPO Dates | 30 Nov – 4 Dec 2023 |
| Net Avenue IPO Price | INR 16 – 18 per share |
| Fresh issue | 5,696,000 shares (INR 9.11 – 10.25 crore) |
| Offer For Sale | Nil |
| Total IPO size | 5,696,000 shares (INR 9.11 – 10.25 crore) |
| Minimum bid (lot size) | 8,000 shares (INR 144,000) |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Net Avenue Technologies Financial Performance
| Â | 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 Offer News
- Net Avenue Technologies RHP
- Net Avenue Technologies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
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 |
Net Avenue Technologies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 7 December 2023 | 20 | – | 111,500 |
| 6 December 2023 | 16 | – | 90,000 |
| 5 December 2023 | 11 | – | 60,000 |
| 4 December 2023 | 11 | – | 60,000 |
| 2 December 2023 | 5 | – | 26,500 |
| 30 November 2023 | 5 | – | 22,000 |
| 29 November 2023 | 4 | – | 20,000 |
| 28 November 2023 | 5 | – | 20,000 |
Net Avenue Technologies IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,080,000 | 1,104,000 | 1,896,000 | 4,080,000 |
| 4 Dec 2023 | 61.99 | 455.74 | 721.68 | 475.10 |
| 1 Dec 2023 | 0.41 | 34.16 | 87.83 | 50.17 |
| 30 Nov 2023 | 0.00 | 7.79 | 22.26 | 12.45 |
Net Avenue Technologies IPO Allotment Status
Net Avenue Technologies IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Net Avenue Technologies IPO Dates & Listing Performance
| IPO Opening Date | 30 November 2023 |
| IPO Closing Date | 4 December 2023 |
| Finalization of Basis of Allotment | 5 December 2023 |
| Initiation of refunds | 5 December 2023 |
| Transfer of shares to demat accounts | 7 December 2023 |
| IPO Listing Date | 8 December 2023 |
| Opening Price on NSE SME | INR 42 per share (up 133.33%) |
| Closing Price on NSE SME | INR 39.90 per share (up 121.67%) |
Net Avenue Technologies Offer Lead Manager
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:Â [email protected]
Website:Â www.shreni.in
Net Avenue Technologies Offer 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Net Avenue Technologies IPO 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: [email protected]
Website: www.natl.in
IPO FAQs
What is the Net Avenue IPO offer size?
Net Avenue Technologies offer size is INR 9.11 – 10.25 crores.
What is the Net Avenue IPO price band?
Net Avenue Technologies public offer price is INR 16 – 18 per share.
What is the lot size of the Net Avenue Technologies IPO?
Net Avenue Technologies offer lot size is 8,000 shares.
What is Net Avenue Technologies IPO GMP today?
Net Avenue Technologies IPO GMP today is INR 20 per share.
What is the Net Avenue Technologies kostak rate today?
Net Avenue Technologies kostak rate today is NA per application.
What is Net Avenue Technologies Subject to Sauda rate today?
Net Avenue Technologies Subject to Sauda rate today is INR 111,500 per application.
