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Net Avenue Technologies IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Chennai and caters to E-Commerce sector. Shreni Shares is the merchant banker of Net Avenue Technologies IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2023.
Net Avenue Technologies IPO open date is 30th November 2023 and close date is 4th December 2023. IPO Allotment Date is 7th December 2023 and Listing date is 8th December 2023.Net Avenue Technologies IPO size is Rs 10.25 Cr. crores with IPO price of Rs 18.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Shreni Shares Limited is the book-running lead manager of the Net Avenue Technologies IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Shreni Shares Limited for Net Avenue Technologies IPO.
Net Avenue Technologies IPO anchor investors are the below investors. The number of anchor investors in this IPO is 2.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Chhattisgarh Investments Limited | 640,000.00 | ₹18.00 | ₹11,520,000.00 |
| Chanakya Opportunities Fund | 976,000.00 | ₹18.00 | ₹17,568,000.00 |
Net Avenue Technologies IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Net Avenue Technologies IPO, based in Chennai, operates in the E-Commerce sector with a focus on online digital direct-to-consumer business. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Net Avenue Technologies IPO size is ₹ 10.25 Cr. Crores with fresh issue size of Rs 10.25 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Net Avenue Technologies IPO is expected to be 7th December 2023, after the finalization of basis of allotment. Investors can check Net Avenue Technologies IPO allotment status on the registrars website, Bigshare Services Private Limited. Net Avenue Technologies IPO refund dates are 8th December 2023.
Net Avenue Technologies IPO is expected to be listed on 8th December 2023.
The upper price band for the Net Avenue Technologies IPO is set at ₹ 18.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Net Avenue Technologies IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Net Avenue Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 4th December 2023. After submission, funds are blocked until the basis of allotment of Net Avenue Technologies IPO is finalised.
The merchant banker for Net Avenue Technologies IPO is Shreni Shares Limited . Shreni Shares Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Net Avenue Technologies IPO RHP for further details.
The registrar for Net Avenue Technologies IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Net Avenue Technologies IPO through their official website or helpline.
Net Avenue Technologies IPO was subscribed 511.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 10.25 Cr.
Avg IPO Size (Sector Based)
:
₹ 11.90 Cr.
Sector: E-Commerce
SME IPO so far:
6
Merchant Banker:
Shreni Shares
SME IPO by BRLM so far:
47
City:
Chennai
SME IPO so far:
30
Revenue (annualised):
₹ 30.36 cr.
PE
Ratio:
10.23x
Average Sector PE Ratio: 10.18x
Net Avenue Technologies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Net Avenue Technologies Financial Review Page
Merchant Banker(s) of Net Avenue Technologies IPO: Shreni Shares Limited
Net Avenue Technologies IPO subscription was 511.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Net Avenue Technologies IPO listed at a listing price of 42.00 against the offer price of 18.00.
The current market price of Net Avenue Technologies is 6.15.
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