Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Net Avenue Technologies IPO is a book built issue of Rs 10.25 crores. The issue is entirely a fresh issue of 56.96 lakh shares.
Net Avenue Technologies IPO bidding started from November 30, 2023 and ended on December 4, 2023. The allotment for Net Avenue Technologies IPO was finalized on Thursday, December 7, 2023. The shares got listed on NSE SME on December 8, 2023.
Net Avenue Technologies IPO price band is set at ₹16 to ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to ₹288,000.
Shreni Shares Limited is the book running lead manager of the Net Avenue Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Net Avenue Technologies IPO is Shreni Shares.
Refer to Net Avenue Technologies IPO RHP for detailed information.
| IPO Date | November 30, 2023 to December 4, 2023 |
| Listing Date | December 8, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹16 to ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 5,696,000 shares (aggregating up to ₹10.25 Cr) |
| Fresh Issue | 5,696,000 shares (aggregating up to ₹10.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,758,078 |
| Share holding post issue | 21,454,078 |
| Market Maker portion | 288,000 shares Shreni Shares |
Net Avenue Technologies IPO offers 5,696,000 shares. 1,080,000 (18.96%) to QIB, 816,000 (14.33%) to NII, 1,896,000 (33.29%) to RII and 1,616,000 (28.37%) to Anchor investors.
| 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 IPO raises Rs 2.91 crore from anchor investors. Net Avenue Technologies IPO Anchor bid date is November 29, 2023. Net Avenue Technologies IPO Anchor Investors list
| Bid Date | November 29, 2023 |
| Shares Offered | 1,616,000 |
| Anchor Portion Size (In Cr.) | 2.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 6, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 6, 2024 |
Net Avenue Technologies IPO opens on November 30, 2023, and closes on December 4, 2023.
| IPO Open Date | Thursday, November 30, 2023 |
| IPO Close Date | Monday, December 4, 2023 |
| Basis of Allotment | Thursday, December 7, 2023 |
| Initiation of Refunds | Friday, December 8, 2023 |
| Credit of Shares to Demat | Monday, December 11, 2023 |
| Listing Date | Friday, December 8, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 4, 2023 |
Investors can bid for a minimum of 8000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| HNI (Min) | 2 | 16,000 | ₹288,000 |
| Lot Size Calculator | |||
Mr. Rajesh Nahar and Mr. Ritesh Katariya are the promoters of the company.
| Share Holding Pre Issue | 45.31% |
| Share Holding Post Issue | 33.28% |
Founded in 1998, Net Avenue Technologies Limited, formerly known as Net Avenue Inc, offers Indian ethnic clothing and accessories through its online platforms cbazaar.com and ethnovog.com.
Net Avenue Technologies offers Lehenga, Saree, Salwar Kameez, Indo-Western Wear, Kurta Sets, Kurtis, Jewellery, Sherwani, Kurta Pyjama, Formal and Informal Suits and Accessories for women, men, teens, and kids.
The company has two online outlets:
Cbazaar.com: Cbazaar offers custom-tailored Indian clothing for women, men, teens, and kids in the United States, the United Kingdom, Canada, and other countries.
Ethnovog: Ethnovog offers affordable clothing for women, teens, and children.
The company also lists third-party products and offers customization options. The company works with international courier services such as DHL, FedEx, and Aramex to ensure timely delivery to customers.
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 Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,317.92 | 1,419.90 | 1,295.26 | 769.85 |
| Revenue | 783.89 | 3,451.26 | 3,276.16 | 1,447.54 |
| Profit After Tax | 94.39 | 176.40 | 261.51 | 23.11 |
| Net Worth | 328.70 | 233.54 | 42.57 | -228.37 |
| Reserves and Surplus | 306.57 | 211.41 | 20.44 | -250.50 |
| Total Borrowing | 292.69 | 276.06 | 84.24 | 191.07 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Net Avenue Technologies IPO is Rs 38.62 Cr.
| KPI | Values |
|---|---|
| ROE | 127.77% |
| ROCE | 5.28% |
| Debt/Equity | 1.18 |
| RoNW | 75.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.1 | |
| P/E (x) | 8.57 | 10.23 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is D2C digital marketing platform for Indian ethnic wear and accessories. It has posted growth in its top lines for the last three fiscals, but reported inconsistency in bottom lines. Based on FY24 super annual earnings, the issue appears fully priced. Tiny paid up equity capital post-IPO indicates longer gestation for migration to the mainboard. Well informed investors may park moderate fund for the medium to long-term rewards. Read detail review...
The Net Avenue Technologies IPO is subscribed 511.21 times on December 4, 2023 7:29:00 PM. The public issue subscribed 721.89 times in the retail category, 61.99 times in the QIB category, and 616.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 61.99 |
| NII | 616.25 |
| Retail | 721.89 |
| Total | 511.21 |
Total Application : 171,089 (721.89 times)
| Listing Date | December 8, 2023 |
| BSE Script Code | |
| NSE Symbol | CBAZAAR |
| ISIN | INE518X01015 |
| Final Issue Price | ₹18 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹18.00 |
| ₹42.00 |
| ₹39.90 |
| ₹42.00 |
| ₹39.90 |
Net Avenue Technologies Limited
New No. 16, Old No. 13,
1st Floor Prithvi Avenue,
Alwarpet Chennai - 600018
Phone: +91-044-42789289
Email: investor@natl.in
Website: https://www.natl.in/home.html
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Net Avenue Technologies IPO is a SME IPO of 5,696,000 equity shares of the face value of ₹1 aggregating up to ₹10.25 Crores. The issue is priced at ₹16 to ₹18 per share. The minimum order quantity is 8000 Shares.
The IPO opens on November 30, 2023, and closes on December 4, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Net Avenue Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Net Avenue Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Net Avenue Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Net Avenue Technologies IPO opens on November 30, 2023 and closes on December 4, 2023.
Net Avenue Technologies IPO lot size is 8000 Shares, and the minimum amount required is ₹144,000.
You can apply in Net Avenue Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Net Avenue Technologies IPO will be done on Thursday, December 7, 2023, and the allotted shares will be credited to your demat account by Monday, December 11, 2023. Check the Net Avenue Technologies IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (500+ Posts, 300+ Likes)
Top Contributor (400+ Posts, 100+ Likes)
IPO Guru (1600+ Posts, 800+ Likes)
Also have 21.8k Instagram followers and regularly posting contents to attract the customers.
Main focused on abroad, USA and UK.
Ok ok company, lets see how market reacts.
33 crores total sales in 2023 and market cap 85 crores.