Date of Net Avenue Technologies' IPO, Analysis, Cost, and Allotment Information

Discover Net Avenue Technologies' IPO date, analysis, cost, and allotment details. Get valuable insights for informed investment decisions. Details of Net Avenue Technologies' IPO: The IPO date for Net Avenue Technologies is set; it will begin on November 29 and end on December 4. With its IPO, Net Avenue Technologies, an NSE SME, hopes to raise ₹10.26 crores. With a market lot of 8000 shares, the Net Avenue Technologies IPO price range is set at ₹16 to ₹18.


Indian ethnic wear and accessories are sold online and directly to consumers by Net Avenue Technologies. For its products, the company is also present in international cross-border direct-to-consumer e-commerce. They sell ethnic Indian clothing and accessories for men, women, children, and teenagers.

Under the terms of the Companies Act, 1956, the Company was first incorporated on June 07, 2001, as "Net Avenue Technologies Private Limited," with the Registrar of Companies, Tamil Nadu. Afterwards, the Registrar of Companies, Chennai, issued a new certificate of incorporation on September 22, 2023, changing the company's name from "Net Avenue Technologies Private Limited" to "Net Avenue Technologies Limited" and converting it into a Public Limited Company. Indian ethnic clothing and accessories are their main line of business, and they mainly serve the South Asian diaspora via their mobile applications and website. Additionally, they expand their reach by offering their products for sale on a number of well-known e-commerce sites, such as Myntra, Nykaa, and Ajio, among others.

Customer acquisition: 

Marketing and awareness are the issue's objects.

Working Capital Funding Need.

Corporate Goals in General.

To Cover the Costs of the Issue.

Net Avenue Technologies IPO Details

IPO Date

November 30, 2023 to December 4, 2023

Listing Date

[.]

Face Value

₹1 per share

Price Band

₹16 to ₹18 per share

Lot Size

8000 Shares

Total Issue Size

5,696,000 shares
(aggregating up to ₹10.25 Cr)

Fresh Issue

5,696,000 shares
(aggregating up to ₹10.25 Cr)

Issue Type

Book Built Issue IPO

Listing At

NSE SME

Share holding pre issue

15,758,078

Share holding post issue

21,454,078

Market Maker portion

288,000 shares

Net Avenue Technologies IPO Lot Size

A minimum of 8000 shares, as well as multiples of those, are up for bid. The minimum and maximum share and amount investments made by HNIs and retail investors are shown in the table below.

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 Review

  • May Apply

Peer Group

  • NA

Company Promoters

  • Mr. Rajesh Nahar
  • Mr. Ritesh Katariya

Net Avenue Technologies IPO FAQs

When is the allotment for Net Avenue Technologies' IPO?

On Thursday, December 7, 2023, the Basis of Allotment for the Net Avenue Technologies IPO will be finalized. By Monday, December 11, 2023, the allotted shares will be credited to your demat account. Verify the allotment status for the Net Avenue Technologies IPO.

Net Avenue Technologies IPO Allotment Status 

Visit the Bigshare website to find out the Net Avenue Technologies IPO allocation status. Go Here

The Net Avenue Technologies IPO: What is it?

The NSE SME IPO of Net Avenue Technologies is being held. Through an IPO, they plan to raise ₹10.26 crores. The equity shares in the issue are priced between ₹16 and ₹18. The NSE will list the IPO.

When will the IPO for Net Avenue Technologies open?


On November 30, 2023, QIB, NII, and Retail Investors will be able to participate in the IPO.

What is the Investors Portion of Net Avenue Technologies' IPO?

For QIB, the investors contribute 50%, NII 15%, and Retail 35%.

How big is the IPO for Net Avenue Technologies?

The IPO value of Net Avenue Technologies is ₹10.26 crores.

What is the IPO Price Band for Net Avenue Technologies?


The price range for Net Avenue Technologies' IPO is ₹16 to ₹18 for each equity share.

What are the Minimum and Maximum Lot Sizes for Net Avenue Technologies' IPO?


An IPO bid of ₹144,000 for 8000 shares is being made.

What Date Is Net Avenue Technologies Allotted for IPO?


The allotment date for the Net Avenue Technologies IPO is December 7, 2023.

When is the IPO listing date for Net Avenue Technologies?


The IPO listing date of Net Avenue Technologies is set for December 12, 2023. the NSE SME IPO listing.