Net Avenue Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,696,000 (47%) | — | ₹485 Cr |
| NII (HNI) | — | 816,000 (14%) | — | ₹147 Cr |
| Retail | — | 1,896,000 (33%) | — | ₹341 Cr |
| Market Maker | — | 288,000 (5%) | — | ₹5 Cr |
| Σ Total | — | 5,696,000 (100%) | — | ₹10,253 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹144,000 |
| Retail (Max) | 13 | 104,000 | ₹1,872,000 |
| S-HNI (Min) | 14 | 112,000 | ₹2,016,000 |
| B-HNI (Min) | 67 | 536,000 | ₹9,648,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 784 | 3,451 | 3,276 |
| Profit After Tax | 94 | 176 | 262 |
| Net Worth | 329 | 234 | 43 |
| Total Assets | 1,318 | 1,420 | 1,295 |
| Reserves & Surplus | 307 | 211 | 20 |
| Total Borrowing | 293 | 276 | 84 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Customer Acquisition - Marketing and Awareness. –
- Funding Working Capital Requirement. –
- General Corporate Purpose. –
- To Meet the Issue Expenses. –
Company Overview
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.