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net avenue technologies ipo

Net Avenue Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 128,000 / 8000 shares

    Minimum Investment

IPO Details

  • Open Date

    30 Nov 2023

  • Close Date

    04 Dec 2023

  • IPO Price Range

    ₹ 16 to ₹ 18

  • IPO Size

    ₹ 10.25 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    12 Dec 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Net Avenue Technologies IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Net Avenue Technologies Limited IPO is all set to open from 30th November to 4th December 2023. The company has a digital D2C business in the segment of Indian Ethnic wear and accessories. The IPO includes a fresh issue of 5,696,000 shares worth ₹10.25 cr. The share allotment date is 7th December, and the IPO will be listed on 12th December on the stock exchanges. The price is ₹16 to ₹18 per share and the lot size is 8000 shares.    

Shreni Shares Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Net Avenue Technologies IPO:

Net Avenue Technologies Limited plans to utilize the raised capital from the IPO to:

●    To fund Marketing and Awareness activities for Customer Acquisition.
●    For working capital requirements.
●    General corporate purposes.
●    For expenses related to the public issue. 

Established in 2001, Net Avenue Technologies Limited has a digital D2C business in the segment of Indian Ethnic wear and accessories for men, women, teens, and kids. It also has a market presence in the D2C International cross-border e-commerce. These include countries like the US, the UK, Canada, and Australia

Net Avenue’s product portfolio includes:

●    Lehenga Choli
●    Salwar Kameez
●    Gowns
●    Kurtas
●    Sherwani
●    Kurta Sets
●    Kids wear
●    Accessories 
The company specializes in Indian Ethnic wear for the South Asian Diaspora via its two websites, namely, cbazaar.com and ethnovog.com. Among these two, Cbazaar.com has also received recognition as the best online shop in the United States for the year 2020 and one of the fastest-growing brands in the United States in 2022.

Peer Comparison

●    Nandani Creation Limited
 

For More Information:
Webstory on Net Avenue Technologies IPO
Net Avenue Technologies IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 33.44 31.23 13.80
EBITDA 2.11 3.06 0.12
PAT 1.86 2.79 0.26
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 14.19 12.95 7.69
Share Capital 0.22 0.22 0.22
Total Borrowings 11.86 12.53 9.98
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -2.77 3.17 -0.70
Net cash from / (used in) investing activities -0.28 -0.16 0.031
Net cash flow from / (used in) financing activities 1.85 -1.11 1.33
Net increase (decrease) in cash and cash equivalents -1.20 1.90 0.66


Strengths

1.    The company has a wide range of product portfolio. 
2.    It focuses on a customer-centric approach. 
3.    The company’s business model is tech-driven.
4.    The company is a Sustainable Fashion Advocate.
5.    It offers Data-Driven Body Sizing for Optimal Fit.
 

Risks

1.    The business depends on the growth of the online commerce industry in India and abroad.
2.    Operates in a highly competitive industry. 
3.    It is subject to foreign currency exchange rate fluctuations. 
4.    The company is also subjected to payment-related risks, like risks associated with cash on delivery and payment processing risks.
5.    Reported negative cash flow in the past. 
 

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FAQs

The minimum lot size of Net Avenue Technologies is 8000 shares and the investment required is ₹1,28,000.

The price for Net Avenue Technologies IPO is ₹16 to ₹18 per share. 

Net Avenue Technologies IPO opens from 30th November to 4th December 2023.
 

The size of Net Avenue Technologies IPO is ₹10.25 cr. 

The share allotment date of Net Avenue Technologies IPO is 7th December 2023.

The Net Avenue Technologies IPO will be listed on 12th December 2023.

Shreni Shares Limited is the book-running lead manager for Net Avenue Technologies IPO.

Net Avenue Technologies Limited plans to utilize the raised capital from the IPO to:

1.    To fund Marketing and Awareness activities for Customer Acquisition.
2.    For working capital requirements.
3.    General corporate purposes.
4.    For expenses related to the public issue.
 

To apply for Net Avenue Technologies IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Net Avenue Technologies Limited IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.