Net Avenue Technologies Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 29-11-2023 | 03-12-2023 | 1 | 16 | N/A | NSE SME | N/A | 2023-12-06 18:30:00 | 2023-12-07 18:30:00 | 2023-12-10 18:30:00 | 11-12-2023 |
About The Company
Net Avenue Technologies IPO is a book built issue of Rs 10.26 crores. The issue is entirely a fresh issue of 57 lakh shares.
Net Avenue Technologies IPO opens for subscription on November 30, 2023 and closes on December 4, 2023. The allotment for the Net Avenue Technologies IPO is expected to be finalized on Thursday, December 7, 2023. Net Avenue Technologies IPO will list on NSE SME with tentative listing date fixed as Tuesday, December 12, 2023.
Net Avenue Technologies IPO price band is set at ₹16 to ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to ₹288,000.
Shreni Shares Limited is the book running lead manager of the Net Avenue Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Net Avenue Technologies IPO DRHP for detailed information.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2023 | 1420 | 3451 | 176 | 233.54 | 211.41 | 276.06 |
| 30-03-2022 | 1295 | 3276 | 262 | 42.57 | 20.44 | 84.24 |
| 30-03-2021 | 770 | 1448 | 23 | -228.37 | -250.5 | 191.07 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | 144000 |
| Retail (Max) | 1 | 8000 | 144000 |
| HNI (Min) | 2 | 16000 | 288000 |
IPO Listing Details
| Listing Date | 11-12-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Mr. Rajesh Nahar and Mr. Ritesh Katariya
Contact Information of the Company
Net Avenue Technologies Limited
New No. 16, Old No. 13,
1st Floor Prithvi Avenue,
Alwarpet Chennai - 600018
Phone: +91-044-42789289
Email: investor@natl.in
Website: https://www.natl.in/home.html
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager
Shreni Shares Limited