Net Avenue Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 04, 2023Let’s have a detailed review of the company and analytics of the Net Avenue Technologies IPO release date, IPO offer price, subscription, Net Avenue Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 16 to Rs 18 |
| Listing At | NSE, SME |
| Min. Order Quantity | 8000 Shares |
| Listing Date | December 12, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1026 Lakh |
| IPO Size | Rs 1026 Lakh |
| Tick Size | 1 |
Net Avenue Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Net Avenue Technologies Share Price |
Net Avenue Technologies IPO – Summary
Their Company is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. Also, the company has a presence in International cross-border e-commerce direct-to-consumer for its products. Their product range includes Indian ethnic wear and accessories for women, men, teens and kids.
So, their core business sells Indian Ethnic wear and accessories, primarily catering to the South Asian Diaspora, a segment they reach through their website and mobile applications.
The Promoter of this company is MR. RAJESH NAHAR AND MR. RITESH KATARIYA. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Net Avenue Technologies IPO Date
The opening and closing dates of Net Avenue Technologies IPO are November 30, 2023 and December 4, 2023, respectively.
Net Avenue Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th Nov | 0.00x | 10.63x | 22.85x | 13.71x |
| 2nd Day – 1st Dec | 0.41x | 46.17x | 89.17x | 54.64x |
| 3rd Day – 4th Dec | 61.99x | 616.25x | 721.89x | 511.21x |
| Shares Offered or Net Issue | 1,080,000 | 816,000 | 1,896,000 | 5,696,000 |
The shares subscribed by the public will be updated here.
Net Avenue Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Net Avenue Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 7, 2023 |
| Refunds Initiation | December 8, 2023 |
| Credit of Shares to Demat Account | December 11, 2023 |
| Share Listing Date | December 12, 2023 |
Net Avenue Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 16 to Rs 18
Net Avenue Technologies IPO Equity Size
This Initial Public Issue of 5,700,000 Equity Shares of Rs.10 each for cash at a price of Rs 16 to Rs 18 per equity share aggregating to Rs.1026 Lakh.
Net Avenue Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,700,000 Equity Shares of Rs.10/ each.
Issue Size: 5,700,000 Equity Shares of Rs.10 each, aggregating to Rs.1026 Lakh
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Net Avenue Technologies IPO – Live Performance
The listing date of this IPO is December 12, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Net Avenue Technologies Share Price |
Net Avenue Technologies IPO Grey Market Premium
The Net Avenue Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Net Avenue Technologies IPO – Company Overview
Their Company was originally incorporated on June 07, 2001, as “Net Avenue Technologies Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, Tamil Nadu.
Subsequently, their Company was converted into a Public Limited Company and the name of the company was changed from “Net Avenue Technologies Private Limited” to “Net Avenue Technologies Limited” vide a fresh certificate of incorporation dated September 22, 2023, issued by the Registrar of Companies, Chennai.
They have crafted their business’s foundation through iterative innovation to enhance consumer satisfaction and optimise purchasing behaviour. They acknowledge that the consumer’s path to product selection often involves a substantial amount of time dedicated to exploration.
Net Avenue Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2287.64 | 2829.23 | 3412.23 |
| *Total Revenue | 3448.70 | 3275.94 | 1450.81 |
| Total Expense | 3263.94 | 2986.50 | 1451.15 |
| Profit After Tax | 185.70 | 279.63 | 25.93 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 2.21 | 3.33 | 0.31 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 185.70 Lakh, Rs. 279.63 Lakh and Rs. 25.93 Lakh respectively.
Net Avenue Technologies IPO – Promoters
The Promoter of this company is:
- MR. RAJESH NAHAR
- MR. RITESH KATARIYA
List of Related Parties (Key Managerial Personnel)
- Rajesh Nahar, Chairman and Managing Director
- Ritesh Katariya, Whole-Time Director
- K. Naresh Kumar, Non-Executive Director
- Rajagopalachari Murali, Independent Director
- Riya Jain, Independent Director
Net Avenue Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 45.31%
- Post-Issue Share Holding – %
Net Avenue Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5,700,000 Equity Shares aggregating up to Rs.1026 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,57,58,078 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Net Avenue Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Customer Acquisition – Marketing & Awareness
- Funding Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Net Avenue Technologies IPO – Business Strategy
- Enhancing Personalization
- Optimizing Costs and Supply Chain
- Leveraging Expertise and Relationships
- Global Marketplace Presence
- Swift Shipping
- Category Expansion
Net Avenue Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diverse Product Range
- Customer-Centric Growth Approaches
- Technology-Driven
- Sustainable Fashion Advocate
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 2.21 | 84.87 | 18.23 |
| 31-Mar-22 | 3.33 | 1509.21 | 1.54 |
| Mar-21 | 0.31 | (9.58) | (22.55) |
Net Avenue Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per Share (Rs.) | |
| Net Avenue Technologies Limited | 1 | [●] | 2.21 | 84.87 | 18.23 |
| Listed Peers | |||||
| Nandini Creations | 10 | 697 | 0.11 | 0.58 | 24.55 |
Net Avenue Technologies IPO Lead Managers
| Lead Managers |
| SHRENI SHARES LIMITED (Formerly Known As Shreni Shares Private Limited) A/007, Western Edge – II, Kanakia Space, Behind Metro Mall, off Western Express Highway, Magathane, Borivali East, Mumbai – 400066, Maharashtra, India. Telephone: 022 2089 7022 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Contact Person: Mr. Parth Shah Website: www.shreni.in SEBI Registration Number: INM000012759 |
Net Avenue Technologies IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India Tel: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investor grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Asif Sayyed SEBI Registration No.: INR000001385 |
Net Avenue Technologies IPO – Other Details
- Statutory Auditor – M/s PKF Sridhar & Santhanam LLP, Chartered Accountant
- Legal Counsel to the Company – M/s. Asha Agarwal & Associates
- Bankers to the Company – NA
Net Avenue Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Net Avenue Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Net Avenue Technologies IPO Review FAQs
Check out various FAQs related to Net Avenue IPO:
What is the Issue Size of Net Avenue IPO?
The Company is making an initial public offer of 5,700,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Net Avenue IPO?
The price band for this particular IPO ranges between Rs 16 to Rs 18. As far as the face value of the share is concerned, it is Rs. 1 per share.
What is the Net Avenue IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 30, 2023, while the closing date is set at December 4, 2023.
What is the Net Avenue IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 7, 2023, refund initiation is on December 8, 2023, credit of shares is on December 11, 2023, and share listing date is on December 12, 2023.
What is the Net Avenue IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 12, 2023. The date, when the listing would be done, is stagnant on December 12, 2023.
Who is the Registrar of Net Avenue IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Net Avenue IPO?
Here are the promoters of this IPO – MR. RAJESH NAHAR AND MR. RITESH KATARIYA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Net Avenue IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Net Avenue IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Net Avenue Technologies Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 185.70, 2022 is 279.63, and 2021 is 25.93.
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