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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹10.25 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹10.25 Cr |
| Fresh Issue | ₹9.73 Cr |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹16.00-18.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | CBAZAAR |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Shreni Shares Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 8,000 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Customer Acquisition - Marketing & Awareness | 6.99 |
| 2 | Funding Working Capital Requirement | 1.20 |
| 3 | General Corporate Purpose | 0.82 |
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 13.18 | 14.20 | 12.95 | 7.70 |
| Total Income | 7.84 | 34.51 | 32.76 | 14.48 |
| Profit After Tax | 0.94 | 1.76 | 2.62 | 0.23 |
| NET Worth | 3.29 | 2.34 | 0.43 | -2.28 |
| Reserves and Surplus | 3.07 | 2.11 | 0.20 | -2.51 |
| Total Borrowing | 2.93 | 2.76 | 0.84 | 1.91 |
| Amount in ₹ Crore | ||||
| KPI | Jun 30, 2023 | Mar 31, 2023 |
|---|---|---|
| ROE | 33.58% | 127.77% |
| ROCE | 12.42% | 5.28% |
| Debt / Equity | 0.89% | 1.18% |
| RoNW | 28.72% | 75.53% |
| PAT Margin | 10.33% | 5.55% |
| EBITDA Margin | 11.36% | 6.30% |
| Price to Book Value | 0.66 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 2.10 | |
| P/E (x) | 8.57 | 10.23 |
| Promoter Holding | 45.31% | 33.28% |
| Market Cap | ₹38.62 Cr. | |
