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SME IPO Status: Listed [30th Nov 2023 to 4th Dec 2023]
Net Avenue Technologies Limited is going to launch its SME IPO at NSE Emerge. The issue size of this SME IPO is Rs 10.26 Cr that is 100 % Fresh Issue. The face value of each share is Rs 1. This IPO is opening from 30 Nov 2023 to 04 Dec 2023. If You want to apply in this SME IPO then you have to buy at least one lot of 8000 shares or its multiple at the described price band of Rs 16 to Rs 18 for each share.
Keep visiting this website to get the latest details of Net Avenue Technologies Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 30th Nov 2023 |
| SME IPO Issue Closing Date: | 4th Dec 2023 |
| SME IPO Issue Price: | ₹16.00-18.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹10.25 Cr |
| Fresh Issue: | ₹10.25 Cr |
| Face Value: | ₹1 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 45.31% |
| Promoter Holding Post IPO: | 33.28% |
| Allotment Status: | Allotment Status |
| NSE Code: | CBAZAAR |
Get important updates regarding Net Avenue Technologies SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 7th Dec 2023 |
| Refunds Initiation* | 8th Dec 2023 |
| Credit of Shares to Demat* | 11th Dec 2023 |
| SME IPO Listing Date* | 8th Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹16.00-18.00 |
| Market Lot: | 8000 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 16000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 08-12-2023 | 18.00 | 24 | 145900 | ₹42 (133.33%) | 8-Dec-2023 9:25 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Net Avenue Technologies Limited was founded in 2001. The company's core business is selling Indian ethnic clothing and accessories, primarily to the South Asian diaspora, a segment they reach through their website and mobile applications. In addition, the company is expanding its reach by distributing its products through various well-known e-commerce platforms, including Myntra, Nykaa and Ajio.
The company has built its business foundation through iterative innovation to increase customer satisfaction and optimise buying behaviour. The company recognises that the customer's journey to product selection often requires a lot of time for exploration. Therefore, the company strives to gain insights into the decision-making process and support the consumer at key points of their journey on its platform. To this end, the company has strategically integrated across multiple touchpoints, allowing us to target consumers and create personalised browsing and buying experiences that meet the diverse needs of valued customers.
Cbazaar.com, which is part of Net Avenue Technologies, was also rated as one of the best online stores in the United States in 2020 and one of the fastest growing brands in the United States in 2022.
The company specialises in selling Indian ethnic wear and caters primarily to the South Asian diaspora through its websites cbazaar.com and ethnovog.com. The direct sales business serves customers from many countries, with the United States, the United Kingdom, Australia and Canada being the most important markets.
In the international market, all orders are prepaid to ensure smooth fulfilment. For domestic customers in India, the company offers the convenient "Cash on Delivery" payment option. To facilitate international transactions, the company has established a subsidiary in the United States to act as a collection agency. This subsidiary is responsible for collecting payments from its international customers and forwards them to us on a weekly basis.
The product categories include:
| Incorporation | Sector | IPO Issue Size | Website |
| 2001 | Consumer Discretionary industry | ₹10.25 Cr | https://www.natl.in/home.html |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,080,000 (28.48%) | 816,000 (21.52%) | 1,896,000 (50%) | 3,792,000 | |
| 1 | 30th Nov 2023 19:31 | 0.00x | 10.74x | 23.37x | 14.00x |
| 2 | 1st Dec 2023 19:31 | 0.41x | 46.17x | 89.41x | 54.76x |
| 3 | 4th Dec 2023 19:31 | 61.99x | 616.25x | 721.89x | 511.21x |
Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,317.92 | 1,419.90 | 1,295.26 | 769.85 |
| Revenue | 783.89 | 3,451.26 | 3,276.16 | 1,447.54 |
| Profit After Tax | 94.39 | 176.40 | 261.51 | 23.11 |
| Net Worth | 328.70 | 233.54 | 42.57 | -228.37 |
| Reserves and Surplus | 306.57 | 211.41 | 20.44 | -250.50 |
| Total Borrowing | 292.69 | 276.06 | 84.24 | 191.07 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Net Avenue Technologies Limited | 2.21 | 18.23 | 84.87 | Standalone | ||
| Nandini Creations | 0.11 | 24.55 | 697 | 0.58 | Standalone |
Last Updated on 12-Dec-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Net Avenue Technologies SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Net Avenue Technologies SME IPO with Zerodha.
Alternate approch to apply in Net Avenue Technologies SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Net Avenue Technologies SME IPO Review and Important Updates
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To subscribe or apply in Net Avenue Technologies SME IPO, you can use the following methods:
| Net Avenue Technologies SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Net Avenue Technologies SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Net Avenue Technologies SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Net Avenue Technologies SME IPO. Most of the Syndicate Banks provide access to apply in Net Avenue Technologies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Net Avenue Technologies SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Net Avenue Technologies SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Net Avenue Technologies SME IPO Review and Important Updates
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Net Avenue Technologies SME IPO is going to be list on 08-12-2023. NSE Code for Net Avenue Technologies is CBAZAAR.
Other relevant questions:
When Net Avenue Technologies SME IPO will be listing? Net Avenue Technologies SME IPO NSE listing date?Net Avenue Technologies SME IPO date of listing
Net Avenue Technologies SME IPO Allotment Date is 07-12-2023.
Other relevant questions:
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