November 30, 2023 - December 4, 2023

Net Avenue Technologies IPO Subscription Details

Net Avenue Technologies IPO Subscription Status Live

Net Avenue Technologies IPO subscribed 511.21 times. The public issue subscribed 721.89 times in the retail category, 61.99 times in QIB, and 616.25 times in the NII category by December 4, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	61.99	1,080,000	6,69,44,000	120.50
Non-Institutional Buyers*	616.25	816,000	50,28,64,000	905.16
Retail Investors	721.89	1,896,000	1,36,87,12,000	2,463.68
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	511.21	3,792,000	1,93,85,20,000	3,489.34

Total Application : 171,089 (721.89 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 288,000 equity shares not included.

Net Avenue Technologies IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 November 30, 2023	0.00	10.74	23.37	14.00
Day 2 December 1, 2023	0.41	46.17	89.41	54.76
Day 3 December 4, 2023	61.99	616.25	721.89	511.21

Net Avenue Technologies IPO Shares Offered

Net Avenue Technologies IPO is a public issue of 5,696,000 equity shares. The issue offers 1,896,000 shares to retail investors, 1,080,000 shares to qualified institutional buyers, and 816,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,616,000	2.91	28.37%
Market Maker	288,000	0.52	5.06%
QIB	1,080,000	1.94	18.96%
NII*	816,000	1.47	14.33%
Retail	1,896,000	3.41	33.29%
Total	5,696,000	10.25	100%

Net Avenue Technologies IPO Anchor Investor Allocation

A total of 1,616,000 shares at a price of Rs 18 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Chhattisgarh Investments Limited	640,000	18	39.6	11,520,000
2	Chanakya Opportunities Fund 1	976,000	18	60.4	17,568,000
		1,616,000		100	29,088,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Net Avenue Technologies IPO Subscription FAQs

The Net Avenue Technologies IPO is subscribed 511.21 by December 4, 2023.