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.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 8000 | ₹144,000 |
| Retail Maximum | 1 | 8000 | ₹144,000 |
| S-HNI Minimum | 2 | 16000 | ₹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 | |||
| Year | Revenue | Expense | PAT |
| 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
One Response
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