Net Avenue Technologies Limited

NATL

₹16-18

per share

Bidding Dates

30-4 Dec

Min. Investment

₹1,28,000.00

Lot Size

8000 shares

Issue Size

₹10.25 Cr

IPO Timeline

Bidding starts

30 Nov ‘23

Bidding ends

04 Dec ‘23

Allotment finalisation*

07 Dec ‘23

Refund initiation*

08 Dec ‘23

Demat transfer

11 Dec ‘23

Listing

12 Dec ‘23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

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

IPO analysis

Registrar information

Name

Bigshare Services Pvt Ltd

Phone number

+91-22-6263 8200

Email ID

ipo@bigshareonline.com

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

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