Net Avenue Technologies Ltd IPO
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Net Avenue Technologies Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 56.96 L | TBA | ₹ 18.96 L | ₹ 66.15 L | NSE | ₹ 10.25 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 30 Nov, 23 | 04 Dec, 23 | 8000 | ₹ 1,28,000 | Book Building - SME | 08 Dec, 23 |
Net Avenue Technologies Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2696000 | 0 |
| NII | 616.61x | 816000 | 503152000 |
| Retail | 721.89x | 1896000 | 1368712000 |
| Employee | 0x | 0 | 0 |
| Total | 340.38x | 5696000 | 1938808000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Net Avenue Technologies Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 26.19 | 33.44 | 31.23 |
| EBITDA | -1.44 | 2.21 | 3.05 |
| PAT | -1.72 | 1.87 | 2.85 |
| Total Assets | 15.51 | 22.56 | 29.27 |
| Share Capital | 2.14 | 0.22 | 0.22 |
| Total Borrowings | 4.74 | 12.67 | 17.57 |
| Operating Activities (Net Cash) | -1.58 | 2.04 | 2.95 |
| Investing Activities (Net Cash) | 5.22 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 4.74 | 12.67 | 17.57 |
| Net Cashflow | 2.67 | 1.84 | 2.67 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Nandani Creation Ltd
Net Avenue Technologies Ltd IPO 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.
- Diverse Product Range.
- Customer-Centric Growth Approaches.
- Technology-Driven.
- Sustainable Fashion Advocate (Just-In-Time).
- Data-Driven Body Sizing for Optimal Fit.
How To Apply for Net Avenue Technologies Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.