Net Avenue Technologies Limited

About Net Avenue Technologies Limited Incorporated in 1998, Net Avenue Technologies Limited is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories. The company also has presence in International cross-border e-commerce direct-to-consumer for its products. The product range includes Indian ethnicwear and accessories for women, men, teens and kids . The company core business sells Indian Ethnic wear and accessories, primarily catering to the South Asian Diaspora, a segment they reach through their website and mobile applications. Furthermore, they extend their reach by distributing their products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others. Net Avenue Technologies LimitedForging Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives Customer Acquisition - Marketing & Awareness Funding Working Capital Requirement General Corporate Purpose To Meet the Issue Expenses Here are key details about the Net Avenue Technologies Limited IPO: Company Name Net Avenue Technologies Limited Limited Net Avenue Technologies Limited IPO Opening Date November 30, 2023 Company Established On 1998 Net Avenue Technologies Limited IPO Allotment Status December 7, 2023 Net Avenue Technologies Limited IPO Closing Date December 4, 2023 Net Avenue Technologies Limited IPO Listing Date December 12, 2023 Credit of Shares to the Demat Account December 11, 2023 Net Avenue Technologies Limited IPO Lot Size 8000 Shares Net Avenue Technologies Limited IPO Face Value ₹1 per share Net Avenue Technologies Limited IPO to be Listed on NSE Net Avenue Technologies Limited IPO Issue Size 10.25 Cr Net Avenue Technologies Limited IPO Price band ₹16 to ₹18 per share