Net Avenue Technologies IPO Date, Review, Price, Allotment Details

Net Avenue Technologies IPO Details: Net Avenue Technologies IPO date is fixed, The IPO will open on November 29 and will close on December 4. Net Avenue Technologies is an NSE SME IPO to raise ₹10.26 crores via IPO. The Net Avenue Technologies IPO price band is fixed at ₹16 to ₹18 with a market lot of 8000 shares.

Net Avenue Technologies IPO

Table of Contents

Net Avenue Technologies is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. THe company also 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.

The 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, the 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. 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. Furthermore, they extend their reach by distributing their products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others.


Net Avenue Technologies have crafted their business’s foundation through iterative innovation to enhance consumer satisfaction and optimize purchasing behavior. They acknowledge that the consumer’s path to product selection often involves a substantial amount of time dedicated to exploration. Consequently, they are committed to gaining insights into the decision-making process and providing support at crucial junctures throughout a consumer’s journey on their platform. To this end, they have strategically integrated across multiple touchpoints, enabling them to engage consumers and curate personalized browsing and purchasing experiences that cater to the diverse needs of our valued customers.


Objects of the Issue:

  • Customer Acquisition – Marketing and Awareness.
  • Funding Working Capital Requirement.
  • General Corporate Purpose.
  • To Meet the Issue Expenses.

Net Avenue Technologies IPO Review

  • May Apply

Net Avenue Technologies IPO Date & Price Band Details

IPO Open:November 30, 2023
IPO Close:December 4, 2023
IPO Size:Approx ₹10.26 Crores, 5,700,000 Equity Shares
Face Value:₹1 Per Equity Share
IPO Price Band:₹16 to ₹18 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

Net Avenue Technologies IPO Market Lot

The Net Avenue Technologies IPO minimum market lot is 8000 shares with a ₹144,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum18000₹144,000
Retail Maximum18000₹144,000
S-HNI Minimum216000₹288,000

Net Avenue Technologies IPO Dates

The Net Avenue Technologies IPO date is November 30 and the IPO close date is December 4. The IPO allotment date is December 6 and the IPO might list on December 8.

IPO Open Date:November 30, 2023
IPO Close Date:December 4, 2023
Basis of Allotment:December 6, 2023
Refunds:December 8, 2023
Credit to Demat Account:December 8, 2023
IPO Listing Date:December 8, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Net Avenue Technologies IPO Form

How to apply Net Avenue Technologies IPO? You can apply Net Avenue Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Net Avenue Technologies IPO in the Invest section. The other option you can apply Net Avenue Technologies IPO via IPO forms download via the NSE website. Check out the Net Avenue Technologies forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.


Net Avenue Technologies Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹14.48₹14.51₹0.23
2022₹32.76₹30.05₹2.62
2023₹34.51₹32.76₹1.76

Net Avenue Technologies IPO Valuation – FY2023

Check Net Avenue Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹1.87 per Equity Share
Price/Earning P/E Ratio:9.63
Return on Net Worth (RoNW):75.53%
Net Asset Value (NAV):₹19.46 per Equity Share

Peer Group

  • NA

Company Promoters

  • Mr. Rajesh Nahar
  • Mr. Ritesh Katariya

Net Avenue Technologies IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6273 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Net Avenue Technologies IPO Allotment Status

Check Net Avenue Technologies IPO allotment status on Bigshare website URL. Click Here

Net Avenue Technologies IPO Lead Managers aka Merchant Bankers

  • Shreni Shares Limited

Company Address

Net Avenue Technologies Limited
New No. 16, Old No. 13,
1st Floor Prithvi Avenue,
Alwarpet Chennai – 600018
Phone: +91-044-42789289
Email: [email protected]
Website: https://www.natl.in/home.html

Net Avenue Technologies IPO FAQs


What is Net Avenue Technologies IPO?

Net Avenue Technologies IPO is an NSE SME IPO. They are going to raise ₹10.26 Crores via IPO. The issue is priced at ₹16 to ₹18 per equity share. The IPO is to be listed on NSE.

When Net Avenue Technologies IPO will open?

The IPO is to open on November 30, 2023 for QIB, NII, and Retail Investors.

What is Net Avenue Technologies IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Net Avenue Technologies IPO?

You can apply Net Avenue Technologies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Net Avenue Technologies IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Net Avenue Technologies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Net Avenue Technologies IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Net Avenue Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Net Avenue Technologies IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Net Avenue Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Net Avenue Technologies IPO Size?

Net Avenue Technologies IPO size is ₹10.26 crores.

What is Net Avenue Technologies IPO Price Band?

Net Avenue Technologies IPO Price Band is ₹16 to ₹18 per equity share.

What is Net Avenue Technologies IPO Minimum and Maximum Lot Size?

The IPO bid is 8000 shares with ₹144,000.

What is Net Avenue Technologies IPO Allotment Date?

Net Avenue Technologies IPO allotment date is December 6, 2023.

What is Net Avenue Technologies IPO Listing Date?

Net Avenue Technologies IPO listing date is December 8, 2023. The IPO to list on NSE SME.

Note: The Net Avenue Technologies IPO details are announced officially. The IPO grey market premium (Net Avenue Technologies IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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One Response

  1. I found ur site is informative to decide to participate in forthcoming IPOS. so please keep me informed

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