Net Avenue Technologies Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Net Avenue Technologies Ltd IPO

Net Avenue Technologies Limited is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. The company also has presence in international cross-border e-commerce direct-to-consumer for its products. Its product range includes Indian ethnic wear and accessories for women, men, teens and kids. The Company sells Indian Ethnic wear and accessories primarily to South Asian Diaspora through its website and mobile applications. The Company also sells its products through other E-commerce websites such as Myntra, Nykaa, Ajio etc.

Net Avenue Technologies Ltd IPO Details

Total Shares Offered

₹ 56,96,000

Offer to Public

TBA

Retail Max (Shares)

₹ 18,96,000

Pre Issue Promoters Holding

₹ 66,15,000

Exchange

NSE

Issue size

₹ 10.25 Cr

IPO Open Date

Nov 30, 2023

Close Date

Dec 4, 2023

Lot Size

8000

Min Investment

₹ 1,28,000

Issue Type

Book Building - SME

Listing Date

Dec 8, 2023

Net Avenue Technologies Ltd IPO Dates

Nov 30, 2023

Opening date

Dec 4, 2023

Closing date

Dec 7, 2023

Basis of Allotment

Dec 8, 2023

Initiation of Refunds

Dec 11, 2023

Credit of Shares

Dec 8, 2023

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	2696000
NII	0x	816000
Retail	0x	1896000
Employee	0x	0
Total	0x	5696000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2696000

816000

1896000

5696000

Net Avenue Technologies Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	27.11	26.71	33.44
EBITDA	-3.25	-1.44	2.21
PAT	-3.45	-1.72	1.87
Total Assets	10.00	13.66	22.56
Share Capital	2.14	2.14	0.22
Total Borrowings	3.40	4.78	12.67
Operating Activities (Net Cash)	-3.35	-1.58	2.04
Investing Activities (Net Cash)	3.73	5.22	0.00
Financing Activities (Net Cash)	3.40	4.78	12.67
Net Cashflow	3.40	2.67	1.84

About Net Avenue Technologies Ltd

Net Avenue Technologies Limited 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 Public Limited Company and name of company was changed from Net Avenue Technologies Private Limited to Net Avenue Technologies Limited vide fresh certificate of incorporation dated September 22, 2023 issued by the Registrar of Companies, Chennai. The Corporate Identification Number of the Company is U72900TN2001PLC047220.

In recent years India has experienced a boom in internet and smartphone penetration. The number of internet connections in 2021 increased significantly to 830 million, driven by the `Digital India' programme. Out of the total internet connections, 55% of connections were in urban areas, of which 97% of connections were wireless. The smartphone base has also increased significantly and is expected to reach 1 billion by 2026. This has helped India's digital sector and it is expected to reach US$ 1 trillion by 2030.

Peer Comparison:

Nandani Creation Ltd

Net Avenue Technologies Ltd Key Points

Strengths

Diverse Product Range.

Customer-Centric Growth Approaches.

Technology-Driven.

Sustainable Fashion Advocate (Just-In-Time).

Data-Driven Body Sizing for Optimal Fit.

Risk

There are outstanding legal proceedings involving the Company and Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Its business depends on the growth of online commerce industry in India & Abroad and its ability to effectively respond to changing user behaviour on digital platforms.

Any harm to its brands or reputation may adversely affect its business, financial condition, cash flows and results of operations.

Strategy

Enhancing Personalization.

Optimizing Costs and Supply Chain.

Leveraging Expertise and Relationships.

Global Marketplace Presence.

Swift Shipping.

How To Apply for Net Avenue Technologies Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

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

Net Avenue Technologies Ltd's IPO offers shares for up to 10.25 It begins on Nov 30, 2023 and ends on Dec 4, 2023.

What is the price of the Net Avenue Technologies Ltd IPO?

The price of Net Avenue Technologies Ltd IPO ranges between ₹16 to ₹18 per share.

What are the open and close dates for the Net Avenue Technologies Ltd IPO?

The Net Avenue Technologies Ltd IPO opens on Nov 30, 2023 and closes on Dec 4, 2023.

When will the Net Avenue Technologies Ltd IPO be allotted?

The allotment for the Net Avenue Technologies Ltd IPO will be finalised on Dec 7, 2023. The shares will be listed on BSE and NSE on Dec 8, 2023.

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

The minimum lot size for Net Avenue Technologies Ltd IPO is 8000 shares, priced between ₹16 to ₹18 per share.

What is the GMP of Net Avenue Technologies Ltd IPO?

The GMP (Grey Market Premium) of Net Avenue Technologies Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Net Avenue Technologies Ltd IPO?

To check the allotment status of Net Avenue Technologies Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Net Avenue Technologies Ltd IPO getting listed?

The Net Avenue Technologies Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 30, 2023, and closes on Dec 4, 2023. The allotment is finalised on Dec 7, 2023.

How do you apply for the Net Avenue Technologies Ltd IPO?

To apply for the Net Avenue Technologies Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.