net avenue technologies ipo

Net Avenue Technologies IPO

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Listing Details

  • Listing Exchange NSE SME
  • Listing Date 08-Dec-23
  • IPO Price Range ₹ 16 to ₹ 18
  • Listing Price ₹ 42
  • Listing Change 133.3%
  • Last Traded Price ₹ 24.95
  • Current Change 38.6%

Net Avenue Technologies IPO Details

  • Open Date 30-Nov-23
  • Close Date 04-Dec-23
  • Lot Size 8000
  • IPO Size ₹ 10.25 Cr
  • IPO Price Range ₹ 16 to ₹ 18
  • Min Investment ₹ 128,000
  • Listing Exchange NSE SME
  • Basis of Allotment 07-Dec-23
  • Refunds 08-Dec-23
  • Credit to Demat Account 11-Dec-23
  • Listing Date 12-Dec-23

Net Avenue Technologies IPO Subscription Status

Date QIB NII Retail TOTAL
30-Nov-23 0.00 10.74 23.37 14.00
01-Dec-23 0.41 46.17 89.41 54.76
04-Dec-23 61.99 616.24 721.68 511.10

Net Avenue Technologies IPO Synopsis

Net Avenue Technologies Limited IPO is all set to open from 30th November to 4th December 2023. The company has a digital D2C business in the segment of Indian Ethnic wear and accessories. The IPO includes a fresh issue of 5,696,000 shares worth ₹10.25 cr. The share allotment date is 7th December, and the IPO will be listed on 12th December on the stock exchanges. The price is ₹16 to ₹18 per share and the lot size is 8000 shares.    

Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Net Avenue Technologies IPO:

Net Avenue Technologies Limited plans to utilize the raised capital from the IPO to:

●    To fund Marketing and Awareness activities for Customer Acquisition.
●    For working capital requirements.
●    General corporate purposes.
●    For expenses related to the public issue. 

About Net Avenue Technologies

Established in 2001, Net Avenue Technologies Limited has a digital D2C business in the segment of Indian Ethnic wear and accessories for men, women, teens, and kids. It also has a market presence in the D2C International cross-border e-commerce. These include countries like the US, the UK, Canada, and Australia

Net Avenue’s product portfolio includes:

●    Lehenga Choli
●    Salwar Kameez
●    Gowns
●    Kurtas
●    Sherwani
●    Kurta Sets
●    Kids wear
●    Accessories 
The company specializes in Indian Ethnic wear for the South Asian Diaspora via its two websites, namely, cbazaar.com and ethnovog.com. Among these two, Cbazaar.com has also received recognition as the best online shop in the United States for the year 2020 and one of the fastest-growing brands in the United States in 2022.

Peer Comparison

●    Nandani Creation Limited
 

For More Information:
Webstory on Net Avenue Technologies IPO
Net Avenue Technologies IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 33.44 31.23 13.80
EBITDA 2.11 3.06 0.12
PAT 1.86 2.79 0.26
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 14.19 12.95 7.69
Share Capital 0.22 0.22 0.22
Total Borrowings 11.86 12.53 9.98
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -2.77 3.17 -0.70
Net cash from / (used in) investing activities -0.28 -0.16 0.031
Net cash flow from / (used in) financing activities 1.85 -1.11 1.33
Net increase (decrease) in cash and cash equivalents -1.20 1.90 0.66


Net Avenue Technologies IPO Key Points

  • Strengths

    1.    The company has a wide range of product portfolio. 
    2.    It focuses on a customer-centric approach. 
    3.    The company’s business model is tech-driven.
    4.    The company is a Sustainable Fashion Advocate.
    5.    It offers Data-Driven Body Sizing for Optimal Fit.
     

  • Risks

    1.    The business depends on the growth of the online commerce industry in India and abroad.
    2.    Operates in a highly competitive industry. 
    3.    It is subject to foreign currency exchange rate fluctuations. 
    4.    The company is also subjected to payment-related risks, like risks associated with cash on delivery and payment processing risks.
    5.    Reported negative cash flow in the past. 
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Net Avenue Technologies IPO FAQs

What is the minimum lot size and investment required for the Net Avenue Technologies IPO?

The minimum lot size of Net Avenue Technologies is 8000 shares and the investment required is ₹1,28,000.

What is the price band of Net Avenue Technologies IPO?

The price for Net Avenue Technologies IPO is ₹16 to ₹18 per share. 

When does the Net Avenue Technologies IPO opens and closes?

Net Avenue Technologies IPO opens from 30th November to 4th December 2023.
 

What is the size of the Net Avenue Technologies IPO issue?

The size of Net Avenue Technologies IPO is ₹10.25 cr. 

What is the allotment date of the Net Avenue Technologies IPO?

The share allotment date of Net Avenue Technologies IPO is 7th December 2023.

What is the Net Avenue Technologies IPO listing date?

The Net Avenue Technologies IPO will be listed on 12th December 2023.

Who are the book runners for the Net Avenue Technologies IPO?

Shreni Shares Limited is the book-running lead manager for Net Avenue Technologies IPO.

What is the objective of the Net Avenue Technologies IPO?

Net Avenue Technologies Limited plans to utilize the raised capital from the IPO to:

1.    To fund Marketing and Awareness activities for Customer Acquisition.
2.    For working capital requirements.
3.    General corporate purposes.
4.    For expenses related to the public issue.
 

How to apply for the Net Avenue Technologies IPO?

To apply for Net Avenue Technologies IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Net Avenue Technologies Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.
 

Contact Details of Net Avenue Technologies IPO

Contact Information

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 Register

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 Lead Manager

Shreni Shares Limited

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