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Net Avenue Technologies Limited

Net Avenue Technologies Limited

listed
₹1.28LMin. investment

Net Avenue Technologies Limited IPO Details

Price range₹16.00 – ₹18.00
IPO type
SME
Lot size8000 shares
Issue size₹10.25Cr
RHP/DRHP
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Net Avenue Technologies Limited Timeline

  1. Bid start
    30 Nov 2023
  2. Bid end
    4 Dec 2023
  3. Allotment
    2 Dec 2023
  4. Release of funds
    8 Dec 2023
  5. Demat transfer
    7 Dec 2023
  6. Listing
    12 Dec 2023

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
  1. Customer Acquisition - Marketing & Awareness
  2. Funding Working Capital Requirement 
  3. General Corporate Purpose 
  4. To Meet the Issue Expenses
   Here are key details about the Net Avenue Technologies Limited IPO:
Company NameNet Avenue Technologies Limited Limited Net Avenue Technologies Limited IPO Opening DateNovember 30, 2023
Company Established On1998Net Avenue Technologies Limited IPO Price band₹16 to ₹18 per share

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Net Avenue Technologies Limited Contact Details

Company NameNet Avenue Technologies Limited

How to apply for Net Avenue Technologies Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Net Avenue Technologies IPO FAQs