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Net Avenue Technologies Limited
Issue Size (Net)
up to Rs.10.25 Cr
Price Band
Rs.16 to Rs.18 per share
Issue Opens
30 Nov 2023
Issue Closes
04 Dec 2023

Company Highlights

1.Company Information

Incorporated in 1998, Net Avenue Technologies Limited, previously known as Net Avenue Inc. is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories.

Net Avenue Technologies started out as a gifting portal - chennaibazaar.com, one of the first Indian gifting portals, offering gifting solutions to Indians living abroad. The company subsequently diversified its offerings and launched cbazaar.com and ethnovog.com providing Indian ethnic clothes and jewellery.

Cbazaar is a global Indian Ethnic Fashion brand specializing in Direct-to-Consumer Online Retail. Its primary markets include the United States, the UK, and Canada.

Ethnovog is an online apparel store offering size-inclusive and budget-friendly fashion choices for women, teens, and kids. Net Avenue Technologies primarily caters to South Asian countries. Other than that the company's clientele includes customers from countries like the United States, United Kingdom, Australia, and Canada. The company's distributing partners include Myntra, Nykaa, Ajio, and so on.

2. Objects of the Issue

1. Customer Acquisition- Marketing and Awareness.

2. Funding Working Capital Requirement.

3. General Corporate Purpose,

4. Meeting Public Issue Expenses.

3.Net Avenue Technologies IPO Registrar
Bigshare Services Pvt Ltd

Phone:: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Jun-23
1317.92
783.89
94.39
328.7
306.57
292.69
31-Mar-23
1419.9
3451.26
176.4
233.54
211.41
276.06
31-Mar-22
1295.26
3276.16
261.51
42.57
20.44
84.24
31-Mar-21
769.85
1447.54
23.11
-228.37
-250.5
191.07
Amount in Rs. Lakhs

Net Avenue Technologies IPO Details

Issue Opening Date
November 30, 2023
Issue Closing Date
December 4, 2023
Face Value
Rs.1 per share
Price
Rs.16 to Rs.18 per share
Lot Size
8000 Shares
Issue Size
5,696,000 shares (aggregating up to Rs.10.25 Cr)
Fresh Issue
5,696,000 shares (aggregating up to Rs.10.25 Cr)
Issue Type
Book Built Issue IPO

Net Avenue Technologies IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Thursday, November 30, 2023
Closing Date
Monday, December 4, 2023
Basis of Allotment
Thursday, December 7, 2023
Initiation of Refunds
Friday, December 8, 2023
Credit of Shares to Demat
Monday, December 11, 2023
Listing Date
Tuesday, December 12, 2023

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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