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Net Avenue Technologies Limited IPO (Net Avenue Technologies IPO) Detail

November 30, 2023 - December 4, 2023

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.

Net Avenue Technologies IPO Details

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 Size5,696,000 shares
(aggregating up to ₹10.25 Cr)
Fresh Issue5,696,000 shares
(aggregating up to ₹10.25 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding post issue21,454,078
Market Maker portion288,000 shares
Shreni Shares

Net Avenue Technologies IPO Reservation

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 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 IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Net Avenue Technologies IPO Lot Size

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

Net Avenue Technologies IPO Promoter Holding

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%

About Net Avenue Technologies Limited

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 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

Key Performance Indicator

The market capitalization of Net Avenue Technologies IPO is Rs 38.62 Cr.

KPI Values
ROE127.77%
ROCE5.28%
Debt/Equity1.18
RoNW75.53%
Pre IPO Post IPO
EPS (Rs) 2.1
P/E (x) 8.5710.23

Objects of the Issue (Net Avenue Technologies IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Customer Acquisition - Marketing and Awareness.
  2. Funding Working Capital Requirement.
  3. General Corporate Purpose.
  4. To Meet the Issue Expenses.

Net Avenue Technologies IPO Review (May apply)

[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...


Net Avenue Technologies IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB61.99
NII616.25
Retail721.89
Total511.21

Total Application : 171,089 (721.89 times)

Net Avenue Technologies IPO Prospectus

Net Avenue Technologies IPO Rating

3
3.3
Rating:Rated 3.3 stars
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Net Avenue Technologies IPO Listing Details

Listing Date December 8, 2023
BSE Script Code
NSE Symbol CBAZAAR
ISIN INE518X01015
Final Issue Price ₹18 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹18.00
₹42.00
₹39.90
₹42.00
₹39.90

Check IPO Performance…

Net Avenue Technologies Limited Contact Details

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

Net Avenue Technologies IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Net Avenue Technologies IPO - Buy or Not

Net Avenue Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 1 0

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Net Avenue Technologies IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Net Avenue Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Net Avenue Technologies IPO listing date is on December 8, 2023.
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Net Avenue Technologies IPO Message Board

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257 Comments

116. Hemarajsinh |   Link |  Bookmark |December 10, 2023 8:37:41 PM
Cbazaar.com is the main brand,
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.
115. JHUNJHUNWALA SAKET |   Link |  Bookmark |December 9, 2023 4:39:35 PM
Will it Come down below 20 ,i dont see any future of this company and promoter avg cost is only 10-15 paise each share.It trapped all investors.Sebi should put strict inquery on this company
114. Ajjuadn |   Link |  Bookmark |December 9, 2023 12:25:32 PM
Aaj Tak 1 bhi sme IPO nahi Mila pichle 2 saal se.
Kis kis ko Mila hai bhai log.
113. Good Old Days |   Link |  Bookmark |December 8, 2023 12:32:49 PM
Friends what shoub be strategy now? Looking at fundamentals, business model and brand they are looking all right. From 3-6 months perspective, will we see it in 3 digits?
112. crsl |   Link |  Bookmark |December 8, 2023 8:26:11 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
ICICIDirect not allowing BTST sell order for IRCON
anyone facing same issue
112.1. crsl |   Link |  Bookmark |December 8, 2023 8:43:59 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Anyone who allotted OFS shares of IRCON able to sell ?
ICICIDirect not allowing to sell
111. Mr. Agrawal |   Link |  Bookmark |December 8, 2023 8:03:31 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
This is crazy UC shows 46 but people placed orders at 61 how ???? .. 18 ka share 60 pe khulega toh koi sense hi nhi use Lene ka .. I won't buy
111.2. Mr. Agrawal |   Link |  Bookmark |December 8, 2023 8:12:57 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
It kept changing kitna fund add kre demat mai order place krne ke liye yehi ni samjh aarha isme . . Issue price se 4 times higher price pe order placed the
111.3. Basuvr |   Link |  Bookmark |December 8, 2023 8:25:55 AM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Matlab hi nahi banta to buy above 45-50, it will not sustain.
110. ARJUN'S EYE |   Link |  Bookmark |December 8, 2023 8:07:34 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Net Avenue Technologies Ltd NSE SME IPO.
NSE Code:-20409                        
Symbol:-CBAZAAR
Group:-ST
ISIN:-INE518X01015      
Issue Price:-18/-
Market Lot:-8000 Shares
Face Value:-1/-
Listing At:-NSE SME
109. Hemarajsinh |   Link |  Bookmark |December 8, 2023 7:34:41 AM
Script Code : CBAZAAR
108. COMMON MEN WAITING FOR ALLOTMENT |   Link |  Bookmark |December 7, 2023 10:21:03 PM
24 🎉🎉🎉🎉🎉
107. Santoshp |   Link |  Bookmark |December 7, 2023 8:13:48 AM
What symbol is it, unable to find?
107.2. Santoshp |   Link |  Bookmark |December 7, 2023 6:52:09 PM
@IEC  Thanks was confused and trying to find. rechecked later that its listing is not today.
107.3. ManishAgarw |   Link |  Bookmark |December 7, 2023 10:02:09 PM (200+ Posts)
CBazaar is the symbol
106. surat singh |   Link |  Bookmark |December 7, 2023 8:22:11 PM
Listing date 08.12.2023.show ho Raha tha ab nahi ho raha
106.1. Basuvr |   Link |  Bookmark |December 8, 2023 7:19:19 AM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Yes it's listing today
105. surat singh |   Link |  Bookmark |December 7, 2023 4:57:03 PM
Listing kab h sir please reply
104. scbkc |   Link |  Bookmark |December 7, 2023 4:04:47 PM
SIRS

ANY CONFIRMED NEWS ON ITS LISTING.
So far shares have not come in Demat A/C - ICICIDRECT/ICICI BABK
103. surat singh |   Link |  Bookmark |December 7, 2023 12:10:00 PM
Listing kab h sir reply
102. Vimal Garodia |   Link |  Bookmark |December 7, 2023 8:27:46 AM
IPO Guru IPO Guru (2200+ Posts, 2200+ Likes)
GMP :

DOMS. 410
NET AVENUE. 20
ACCENT. 140
S J LOGISTICS. 60
101. surat singh |   Link |  Bookmark |December 7, 2023 8:14:10 AM
Listing kab h sir
100. RPSM |   Link |  Bookmark |December 7, 2023 6:46:59 AM
Looks Like Pace ECommerce

Stay Away
99. surat singh |   Link |  Bookmark |December 6, 2023 5:20:27 PM
I applied 2 account and got 1lot
99.1. Krish.. |   Link |  Bookmark |December 6, 2023 8:16:19 PM
How do you know this bcz I'm unable to check my status
98. COMMON MEN WAITING FOR ALLOTMENT |   Link |  Bookmark |December 6, 2023 6:52:46 PM
1,55,000. Nafa news
98.1. Hemarajsinh |   Link |  Bookmark |December 6, 2023 7:41:30 PM
Is it list at 90% right?

Or it will go beyond that? Because today two IPO listed at 90% listing limit + 5% circuit.
98.2. kishenharendra |   Link |  Bookmark |December 7, 2023 7:04:45 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
This is nse sme ipo...no limit on listing day
97. ElDorado |   Link |  Bookmark |December 6, 2023 5:54:11 PM (300+ Posts)
Retail - 0/1. Not surprised though.