Net Avenue Technologies IPO Details ( Net Avenue Technologies Limited IPO Review )
(30 Nov 2023 – 4 Dec 2023)
Established in 1998, Net Avenue Technologies Limited, formerly known as Net Avenue Inc., is all about online shopping for traditional Indian clothing and accessories.
It all began with chennaibazaar.com, a unique gifting portal and one of the first of its kind in India. The site catered to Indians abroad, providing them with thoughtful gifting solutions. Over time, the company expanded its offerings with cbazaar.com and ethnovog.com, focusing on Indian ethnic clothing and jewelry.
Cbazaar stands out as a global Indian Ethnic Fashion brand that directly sells to consumers online. Its main markets include the United States, the UK, and Canada. On the other hand, Ethnovog is an online clothing store offering inclusive and budget-friendly fashion choices for women, teens, and kids.
Net Avenue Technologies mainly serves South Asian countries but has a diverse customer base, including those from the United States, United Kingdom, Australia, and Canada. The company partners with well-known distributors like Myntra, Nykaa, Ajio, and more.
Their product range includes Lehenga Choli, Salwar Kameez, Gowns, Kurtas, Sherwani, Kurta Sets, Kids wear, and Accessories. Notably, in 2008, the company launched its luxury brand – RaiR, featuring high-end designer Indian clothing.
Cbazaar.com, under Net Avenue Technologies, earned recognition as one of the best online shops in the United States in 2020 and emerged as one of the fastest-growing brands in the country in 2022.
Net Avenue Technologies Limited Company Product
- Women: Including Lehenga, Saree, Salwar Kameez, Indo Western Wear, Kurta Sets, Kurtis, Jewelry, and more.
- Men: Comprising Sherwani, Kurta Pyjama, Formal and Informal Suits, and various accessories.
- Teens & Kids: We offer a wide selection of categories, similar to those for men and women, tailored for teens and kids.
Net Avenue Technologies Limited IPO Competitive Strength
- Diverse Product Range
- Customer-Centric Growth Approaches
- Technology-Driven
- Sustainable Fashion Advocate (Just-In-Time)
- Data-Driven Body Sizing for Optimal Fit
- Experienced Promoters
Net Avenue Technologies IPO Financials Performance ( Results )
Net Avenue Technologies Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 769.85 | 1,447.54 | 23.11 | 0.28 | -228.37 | -19.03 | -250.50 | 191.07 |
| 31-Mar-22 | 1,295.26 | 3,276.16 | 261.51 | 3.11 | 42.57 | 3.55 | 20.44 | 84.24 |
| 31-Mar-23 | 1,419.90 | 3,451.26 | 176.40 | 2.10 | 233.54 | 19.46 | 211.41 | 276.06 |
| 30-Jun-23 | 1,317.92 | 783.89 | 94.39 | 1.12 | 328.70 | 27.39 | 306.57 | 292.69 |
Objective of Net Avenue Technologies IPO Issue
- Customer Acquisition – Marketing and Awareness.
- Funding Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Net Avenue Technologies IPO Basic Details
| IPO Date | Nov 30, 2023 to Dec 4, 2023 |
| Listing Date | Tuesday, December 12, 2023 |
| Face Value | ₹1 per share |
| Price | ₹16 to ₹18 per share |
| Lot Size | 8000 Shares |
| Issue Size | 5,696,000 shares of ₹10 (aggregating up to ₹10.25 Cr) |
| Fresh Issue | 5,696,000 shares of ₹10 (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 |
| Company Promoters | Mr. Rajesh Nahar and Mr. Ritesh Katariya |
Net Avenue Technologies IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Net Avenue Technologies IPO Timetable
Net Avenue Technologies IPO will open on November 30, 2023 and close on December 4, 2023. You can join Net Avenue Technologies IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 November 2023 (Thursday) |
| Closing Date | 4 December 2023 (Monday) |
| Basis of Allotment | 7 December 2023 (Thursday) |
| Initiation of Refunds | 8 December 2023 (Friday) |
| Credit of Shares to Demat | 11 December 2023 (Monday) |
| Listing Date | 12 December 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on November 2023 |
Net Avenue Technologies IPO Lot Size
For retail investors in Net Avenue Technologies IPO, 8000 shares will come in 1 lot or the minimum investment will be ₹144,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹144,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| S-HNI (Min) | 2 | 16000 | ₹288,000 |
Net Avenue Technologies IPO Promoter Holding
The company’s promoters include Mr. Rajesh Nahar and Mr. Ritesh Katariya.
| Pre Issue Share Holding | 45.31% |
| Post Issue Share Holding | 33.28% |
Net Avenue Technologies Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 38.62 |
| Earning Per Share (EPS) | ₹2.10 per Equity Share |
| Net Net Avenue Technologies Value (NAV) | ₹19.46 per Equity Share |
| P/E Ratio (P/E) (x) | 8.57 |
| Post P/E Ratio (P/E) (x) | 10.23 |
| Return on Net Worth (RoNW) (%) | 75.53 |
| Return on equity (ROE) (%) | 127.77 |
| Return on Capital Employed (ROCE) (%) | 5.28 |
| Debt/Equity Ratio | 1.18 |
Net Avenue Technologies Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Net Avenue Technologies Limited | Standalone | 1 | 2.21 | 10.23 | 84.87 | 18.23 |
| Peer Group | ||||||
| Nandani Creations Limited | Standalone | 10 | 0.11 | 697 | 0.58 | 24.55 |
Net Avenue Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹11 | – | – |
| 1 December 2023 | ₹7 | – | – |
| 30 November 2023 | ₹3 | – | – |
| 29 November 2023 | ₹3 | – | – |
Net Avenue Technologies IPO Detail Video:
link
Net Avenue Technologies IPO Subscription Status (Bidding Detail)
The Net Avenue Technologies IPO on December 4, 2023 at 7:30:00 PM was subscribed 511.21 times, with the retail category being subscribed 721.89 times, the NII (Non-Institutional Investor) category being subscribed 616.25 times, QIB (Qualified-Institutional Buyers) category being subscribed 61.99 times.
| Category | Subscription |
| QIB | 61.99x |
| NII | 616.25x |
| Retail | 721.89x |
| Total | 511.21x |
Net Avenue Technologies IPO Prospectus
| Net Avenue Technologies IPO DRHP | Download |
| Net Avenue Technologies IPO RHP | Download |
| Net Avenue Technologies IPO Anchor Investors Details PDF | Download |
Net Avenue Technologies IPO Rating
| Our Rating | 2.5/5.0 |
Net Avenue Technologies Company Contact Information
Net Avenue Technologies Limited
Registered Office: New No. 16, Old No. 13, 1st Floor Prithvi Avenue, Alwarpet Chennai-600018, Tamil Nadu, India.
Corporate Office: Ground Floor and 1st Floor, Plot No. H-139 to 141 Laxminarayan Industrial Estate, BRC Compound, Udhna, Surat – 394210, Gujarat, India.
Tel. No.: +91-044-42789289
E-mail: info@natl.in
Website: www.natl.in
Contact Person: Ms. Dadwani Bhumisha Darshan , Company Secretary and Compliance Officer.
Our Promoters: Mr. Rajesh Nahar and Mr. Ritesh Katariya
Net Avenue Technologies IPO Registrar
Bigshare Services Private Limited
Registered Office: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Asif Sayyed
SEBI Registration No.: INR000001385
Net Avenue Technologies IPO Lead Manager
Shreni Shares Limited
Registered Office: A/007, Western Edge – II, Kanakia Space, Behind Metro Mall, off Western Express
Highway, Magathane, Borivali East, Mumbai – 400066, Maharashtra, India.
Telephone: 022 2089 7022
E-mail: shrenishares@gmail.com
Investors Grievance e-mail: info@shreni.in
Contact Person: Mr. Parth Shah
Website: www.shreni.in
SEBI Registration Number: INM000012759
Net Avenue Technologies IPO FAQs
What is the lot size of Net Avenue Technologies IPO?
The total size of Net Avenue Technologies IPO is ₹10.25 crores and this is a complete fresh Issue.
When will Net Avenue Technologies IPO start?
Net Avenue Technologies IPO will open from 30 November 2023 and IPO will close on 4 December 2023.
What is the open date of Net Avenue Technologies IPO?
Net Avenue Technologies IPO will open date from 30 November 2023.
What is the last date ( close date ) of Net Avenue Technologies IPO?
Net Avenue Technologies IPO will close from 4 December 2023.
What is the price band of Net Avenue Technologies IPO?
Net Avenue Technologies IPO price band is ₹16 to ₹18. ( Upper Price Band: ₹18, Lower Price Band: ₹16 )
What is the minimum amount required to apply for Net Avenue Technologies IPO?
The minimum investment for retailers to apply for Net Avenue Technologies IPO is ₹144,000 and the maximum investment is ₹144,000.
What is going on gray market premium of Net Avenue Technologies IPO?
View gray market premium of Net Avenue Technologies IPO by Clicking Here
How much is the GMP of Net Avenue Technologies IPO?
Watch Net Avenue Technologies IPO GMP Today: Click Here
What is the allotment date of Net Avenue Technologies IPO?
The allotment date of Net Avenue Technologies IPO is 7 December 2023.
How to check allotment status in Net Avenue Technologies IPO?
To check the allotment status of Net Avenue Technologies IPO, first of all go to the registrar website by clicking here, select your bad Net Avenue Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Net Avenue Technologies IPO?
The listing date of Net Avenue Technologies IPO is 12 December 2023.
How much will be the listing gain in Net Avenue Technologies IPO?
View listing gain of Net Avenue Technologies IPO by Clicking Here
How much time Net Avenue Technologies IPO is subscribed?
Total 511.21 times subscribed in Net Avenue Technologies IPO out of which 721.89 times subscription was done in retail quota, 616.25 times subscription in NII quota and 61.99 times subscription in QIB quota.
How to apply for Net Avenue Technologies IPO from Upstox?
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