Net Avenue Technologies Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Nov 2023

Close Date

04 Dec 2023

Allotment

07 Dec 2023

Listing Date

08 Dec 2023

Exchange

NSE SME

Price Band

₹18

Listing Price

See chart

Allotment Status

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Price Band

₹18

Per share

Face Value

₹1 per share

Lot Size

8,000 Shares

per lot

Issue Size

56,96,000 shares (aggregating up to ₹10.25 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

1,57,58,078 shares

Promoters

Post-IPO Holding

2,14,54,078 shares

Promoters

P/E (Pre)

8.57x

P/E (Post)

10.23x

EPS (Pre)

₹2.10

UPI Deadline

2023-12-04

Mandate

Anchor AllotmentWed, 29 Nov 2023

Basis of AllotmentThu, 07 Dec 2023

Refund InitiationFri, 08 Dec 2023

Demat CreditMon, 11 Dec 2023

Listing DayFri, 08 Dec 2023

UPI Mandate Deadline2023-12-04

Sale TypeFresh Capital

Net Offer to Public54,08,000 shares (aggregating up to ₹9.73 Cr)

Market Maker Quota2,88,000 shares (aggregating up to ₹0.5184 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Net Avenue Technologies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Dec 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	288,000	—	₹0.52
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,696,000	100%	₹10.25

IPO Shares Offered

Net Avenue Technologies Ltd. IPO total issue size: ₹10.25 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	288,000	₹0.52	5.06%
Total	5,696,000	₹10.25	100.00%

* Based on upper price band ₹18 per share

Lot Size & Investment

Lot Size

8,000

Shares per Lot

Issue Price

₹18.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	16,000	₹288,000
Retail (Max — 13 Lots)	13	104,000	₹1,872,000
S-HNI (Min — 14 Lots)	14	112,000	₹2,016,000
B-HNI (Min — 68 Lots)	68	544,000	₹9,792,000

* Issue Price ₹18 × Lot Size 8,000 shares

IPO Schedule

Anchor

29 Nov 2023

✓ Done

IPO Open

30 Nov 2023

✓ Done

IPO Close

04 Dec 2023

✓ Done

Allotment

07 Dec 2023

✓ Done

Refunds

08 Dec 2023

✓ Done

Demat Credit

11 Dec 2023

✓ Done

Listing Day

08 Dec 2023

✓ Done

₹18.00

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Issue ₹18.00 Live Price

About Net Avenue Technologies Ltd.

Founded in 1998, Net Avenue Technologies Limited, formerly known as Net Avenue Inc, offers Indian ethnic clothing and accessories through its online platforms cbazaar.com and ethnovog.com.Net Avenue Technologies offers Lehenga, Saree, Salwar Kameez, Indo-Western Wear, Kurta Sets, Kurtis, Jewellery, Sherwani, Kurta Pyjama, Formal and Informal Suits and Accessories for women, men, teens, and kids.The company has two online outlets:Cbazaar.com: Cbazaar offers custom-tailored Indian clothing for women, men, teens, and kids in the United States, the United Kingdom, Canada, and other countries.Ethnovog: Ethnovog offers affordable clothing for women, teens, and children.The company also lists third-party products and offers customization options. The company works with international courier services such as DHL, FedEx, and Aramex to ensure timely delivery to customers.

Objects of the Issue

Customer Acquisition - Marketing and Awareness.

Funding Working Capital Requirement.

General Corporate Purpose.

To Meet the Issue Expenses.

Net Avenue Technologies Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹3,276.2

31 Mar 2022

₹3,451.3

31 Mar 2023

₹783.9

30 Jun 2023

Profit After Tax (PAT)

₹261.5

31 Mar 2022

₹176.4

31 Mar 2023

₹94.4

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	783.89	3451.26	3276.16
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	94.39	176.40	261.51
Net Worth	328.70	233.54	42.57
Total Assets	1317.92	1419.90	1295.26
Reserves & Surplus	306.57	211.41	20.44
Borrowings	292.69	276.06	84.24
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

127.77%

RoCE

5.28%

RoNW

75.53%

Debt/Equity

1.18

Issue Structure & Shareholding

Total Shares Offered56,96,000 (100.00%)

Net Offer to Public54,08,000 shares (aggregating up to ₹9.73 Cr)

Reserved for Market Maker2,88,000 shares (aggregating up to ₹0.5184 Cr)

Pre-Issue Promoter Holding1,57,58,078 shares

Post-Issue Promoter Holding2,14,54,078 shares

P/BV RatioN/A

RoE127.77%

RoCE5.28%

Debt / Equity1.18

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Net Avenue Technologies Ltd. IPO subscribed? ▲

Net Avenue Technologies Ltd. IPO is subscribed 1.00 times by Dec 04, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Net Avenue Technologies Ltd. IPO retail subscription status? ▼

The Net Avenue Technologies Ltd. IPO retail category is subscribed 1.00 times as of 04 Dec 2023. The retail portion is oversubscribed.

How to subscribe Net Avenue Technologies Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Nov 2023 and closes 04 Dec 2023. Min investment: ₹144,000 (1 lot = 8,000 shares). UPI mandate: 2023-12-04.

How many times Net Avenue Technologies Ltd. IPO subscribed? ▼

The Net Avenue Technologies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Net Avenue Technologies Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Dec 2023. Refunds: on 08 Dec 2023.

When Net Avenue Technologies Ltd. IPO will be listed? ▼

The Net Avenue Technologies Ltd. IPO listing date is 08 Dec 2023, Friday. Listed on: NSE SME. Issue price: ₹18. Estimated listing: ₹18. GMP: NIL.

When Net Avenue Technologies Ltd. IPO close? ▼

The Net Avenue Technologies Ltd. IPO closes on 04 Dec 2023, Monday. UPI mandate: 2023-12-04. Allotment: 07 Dec 2023. Listing: 08 Dec 2023.

Quick Actions

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Live Price LIVE

Last Price₹18.00

Change—

Issue Price₹18.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹18

Face Value₹1

Lot Size8,000 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹18

Subscribed1.00x

Open Date30 Nov 2023

Close Date04 Dec 2023

Allotment07 Dec 2023

Listing Date08 Dec 2023

ExchangeNSE SME

UPI Deadline2023-12-04