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Net Avenue Technologies IPO vs Shanti Spintex IPO

Comparision between Net Avenue Technologies IPO and Shanti Spintex IPO.

IPO Details

Net Avenue Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Book Built Issue proposed to list at BSE SME.

  Net Avenue Technologies IPO Shanti Spintex IPO
Logo Net Avenue Technologies IPO Logo Shanti Spintex IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME BSE SME
Lead Managers Shreni Shares Limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker Shreni Shares Limited Hem Finlease Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Net Avenue Technologies IPO is up to ₹10.25 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹31.25 Cr. The final issue price of Net Avenue Technologies IPO is ₹18.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

  Net Avenue Technologies IPO Shanti Spintex IPO
Face Value ₹1 per share ₹10 per share
Issue Price (Lower) ₹16.00 per share ₹66.00 per share
Issue Price (Upper) ₹18.00 per share ₹70.00 per share
Issue Price (Final) ₹18.00 per share ₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 8000 shares 2000 shares
Fresh Issue Size 56,96,000 shares 26,88,000 shares
Fresh Issue Size (Amount) up to ₹10.25 Cr up to ₹18.82 Cr
OFS Issue Size 17,76,000 shares
OFS Issue Size (Amount) up to ₹12.43 Cr
Issue Size Total 56,96,000 shares 44,64,000 shares
Issue Size Total (Amount) up to ₹10.25 Cr up to ₹31.25 Cr

IPO Timetable

Net Avenue Technologies IPO opens on Nov 30, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Net Avenue Technologies IPO and Shanti Spintex IPO is Dec 04, 2023, and Dec 21, 2023, respectively.

  Net Avenue Technologies IPO Shanti Spintex IPO
Anchor Bid Date Nov 29, 2023
Issue Open Nov 30, 2023 Dec 19, 2023
Issue Close Dec 04, 2023 Dec 21, 2023
Basis Of Allotment (Tentative) Dec 07, 2023 Dec 22, 2023
Initiation of Refunds (Tentative) Dec 08, 2023 Dec 26, 2023
Credit of Share (Tentative) Dec 11, 2023 Dec 26, 2023
Listing date (Tentative) Dec 08, 2023 Dec 27, 2023
Anchor Lockin End date 1 Jan 06, 2024 Jan 21, 2024
Anchor Lockin End date 2 Mar 06, 2024 Mar 21, 2024

Financials

Net Avenue Technologies IPO P/E ratio is 8.57, as compared to Shanti Spintex IPO P/E ratio of 9.82.

  Net Avenue Technologies IPO Shanti Spintex IPO
Financial

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,317.921,419.901,295.26769.85
Revenue783.893,451.263,276.161,447.54
Profit After Tax94.39176.40261.5123.11
Net Worth328.70233.5442.57-228.37
Reserves and Surplus306.57211.4120.44-250.50
Total Borrowing292.69276.0684.24191.07
Amount in ₹ Lakhs

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets17,457.3117,588.3313,631.3311,926.82
Revenue16,237.6337,071.2725,526.5111,293.73
Profit After Tax523.751,012.81486.59337.53
Net Worth6,122.315,603.934,622.734,136.14
Reserves and Surplus4,702.314,893.933,912.733,426.14
Total Borrowing3,474.454,177.664,868.644,278.83
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 45.31% 87.49%
Promoter Shareholding (Post-Issue) 33.28% 73.57%
P/E Ratio 8.57 9.82
Market Cap ₹38.62 Cr. ₹118.22 Cr.
ROE 127.77%% 19.81%%
ROCE 5.28%% 10.12%%
Debt/Equity 1.18 0.75
EPS ₹2.10 ₹7.13
RoNW 75.53%% 18.07%%

Shares Offered

In the Net Avenue Technologies IPO retail investors (RII) are offered 18,96,000 shares while in Shanti Spintex IPO retail investors are offered 18,96,000 shares. Qualified institutional buyers (QIB) are offered 10,80,000 shares in Net Avenue Technologies IPO and 8,48,000 shares in Shanti Spintex IPO.

  Net Avenue Technologies IPO Shanti Spintex IPO
Anchor Investor Reserveration 16,16,000 shares 12,72,000 shares
Market Maker Reserveration 2,88,000 shares 2,24,000 shares
QIB 10,80,000 shares 8,48,000 shares
NII 8,16,000 shares 6,36,000 shares
RII 18,96,000 shares 14,84,000 shares
Employee 0 shares 0 shares
Others
Total 37,92,000 shares 29,68,000 shares

Bids Received (Subscription)

Net Avenue Technologies IPO subscribed 511.21x in total, whereas Shanti Spintex IPO subscribed 27.38x.

  Net Avenue Technologies IPO Shanti Spintex IPO
QIB (times) 61.99x 14.34x
NII (times) 616.25x 57.28x
Big NII (times)
Small NII (times)
RII (times) 721.89x 22.01x
Employee (times)
Other (times)
Total (times) 511.21x 27.38x

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