✓
Open
30 Nov to 4 Dec, 2023
✓
Close
30 Nov to 4 Dec, 2023
3
Allotment
—
✓
Listing
Fri, Dec 8, 2023
Price Band
₹16 to ₹18
Issue Size
56,96,000 shares (agg. up to ₹10 Cr)
Lot Size
8,000 Shares
Listing Date
Fri, Dec 8, 2023
Latest GMP
₹24
Est. Gain
133.33%
✦ AI Insight
GMP Trend
08-12-2023₹24Est. ₹42+133.33%
07-12-2023₹24Est. ₹42+133.33%
06-12-2023₹20Est. ₹38+111.11%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 352.81x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 13.18 | 14.20 | 12.95 | 7.70 |
| Total Income | 7.84 | 34.51 | 32.76 | 14.48 |
| Profit After Tax | 0.94 | 1.76 | 2.62 | 0.23 |
| NET Worth | 3.29 | 2.34 | 0.43 | -2.28 |
| Reserves and Surplus | 3.07 | 2.11 | 0.20 | -2.51 |
| Total Borrowing | 2.93 | 2.76 | 0.84 | 1.91 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| WomanCart Ltd. | SME | ₹9.56 Cr | ₹86 | 50.67 | ₹122.85 | +42.85% | ₹99.70 (-1.29%) |
| Ahasolar Technologies Ltd. | SME | ₹12.85 Cr | ₹157 | 27.45 | ₹213.15 | +35.76% | ₹82.33 (+2.81%) |
| Macfos Ltd. | SME | ₹23.75 Cr | ₹102 | 15.22 | ₹174.80 | +71.37% | ₹1,143.70 (-0.82%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Customer Acquisition - Marketing & Awareness | 6.99 |
| 2 | Funding Working Capital Requirement | 1.20 |
| 3 | General Corporate Purpose | 0.82 |
About Net Avenue Technologies IPO
Founded in 1998, Net Avenue Technologies Limited, formerly known as Net Avenue Inc, offers Indian ethnic clothing and accessories through its online platforms cbazaar.com and ethnovog.com. Net Avenue Technologies offers Lehenga, Saree, Salwar Kameez, Indo-Western Wear, Kurta Sets, Kurtis, Jewellery, Sherwani, Kurta Pyjama, Formal and Informal Suits and Accessories for women, men, teens, and kids. The company has two online outlets: Cbazaar.com: Cbazaar offers custom-tailored Indian clothing for women, men, teens, and kids in the United States, the United Kingdom, Canada, and other countries. Ethnovog: Ethnovog offers affordable clothing for women, teens, and children. The company also lists third-party products and offers customization options. The company works with international courier services such as DHL, FedEx, and Aramex to ensure timely delivery to customers.+ Read More
Contact Details
Net Avenue Technologies Ltd. AddressNew No.16, Old No.131st Floor Prithvi AvenueAlwarpetChennai, Tamil Nadu, 600018+91-044-42789289investor@natl.inVisit Website