Net Avenue Technologies IPO GMP Today, SME IPO Date, Company Details

Net Avenue Technologies IPO

Net Avenue Technologies IPO GMP Today : In the ever-evolving landscape of IPOs, Net Avenue Technologies Ltd is set to make its mark with a fresh issue, offering investors an opportunity to be part of its digital-to-consumer (D2C) business journey. Here are the crucial details you need to know about the IPO dates, Grey Market Premium (GMP) as of today, and the financial intricacies of the company. Get Latest Information SME IPO GMP Today Follow on WhatsApp Channel

Net Avenue Technologies IPO Dates

IPO Open DateThursday, November 30, 2023
IPO Close DateMonday, December 4, 2023
Basis of AllotmentThursday, December 7, 2023
Initiation of RefundsFriday, December 8, 2023
Credit of Shares to DematMonday, December 11, 2023
Listing DateTuesday, December 12, 2023

Net Avenue Technologies IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)18000₹144,000
Retail (Max)18000₹144,000
HNI (Min)216,000₹288,000

Net Avenue Technologies IPO Company Financial Fundamentals

Period Ended31 Mar 202131 Mar 202231 Mar 202330 Jun 2023
Assets769.851,295.261,419.901,317.92
Revenue1,447.543,276.163,451.26783.89
Profit After Tax23.11261.51176.494.39
Net Worth-228.3742.57233.54328.7
Reserves and Surplus-250.5020.44211.41306.57
Total Borrowing191.0784.24276.06292.69

The IPO consists solely of a fresh issue, with no book-built portion. The fresh issue component involves the issuance of 57,00,000 shares at a price band of ₹16 to ₹18 per share, resulting in a fund-raising of ₹10.26 crore.

Market Making Portion:

The IPO includes a market-making portion with Shreni Shares Private Ltd as the designated market maker. They will facilitate two-way quotes post-listing, ensuring liquidity and minimal basis costs.

Financial Insights:

Net Avenue Technologies Ltd, established in 1998, initially focused on providing online D2C services for Indian Ethnic wear and accessories.

Targeting Indians residing abroad, especially those in countries with a significant NRI population, the company expanded its portfolio to include global Indian Ethnic Fashion brand, Cbazaar.com.

Specializing in direct-to-consumer online retail, Cbazaar.com focuses on the US, UK, and Canada markets. Additionally, Net Avenue Technologies introduced Ethovog.com, an online apparel store offering budget-friendly fashion choices for women, teens, and small kids.

Net Avenue Technologies IPO Allotment Status (Registrar)

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html

Net Avenue Technologies IPO Grey Market Premium (GMP Today)

IPO NameTomorrowToday
Net Avenue Technologies IPO****Click Here
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