{"id":4859,"date":"2023-12-01T11:42:17","date_gmt":"2023-12-01T06:12:17","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4859"},"modified":"2024-09-03T09:42:19","modified_gmt":"2024-09-03T04:12:19","slug":"ipo-net-avenue-technologies-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-net-avenue-technologies-limited\/","title":{"rendered":"IPO : Net Avenue Technologies Limited"},"content":{"rendered":"

Net Avenue Technologies Limited IPO<\/h1>\n

Net Avenue Inc. started in 1998, out as a partnership firm between two aspiring individuals with the launch of one of the first Indian gifting portals, chennaibazaar.com. After considerable success offering gifting solutions to Indians living abroad, the company diversified its offerings beyond gifts to include Indian designer clothes and jewellery. The launch of cbazaar.com and subsequently homeIndia.com, saw the company evolve as one of the pioneers in the Indian Fashion e-tail space.<\/p>\n

Boasting of more than a decade’s experience, Cbazaar and Homeindia have emerged as trusted brands offering the latest and best in Indian Fashion in the international market. Today, besides Cbazaar and Homeindia, the company has launched multiple e-stores featuring an exhaustive and covetable range of Designer Indian clothes and accessories.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nNATL<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nThursday, November 30, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nMonday, December 4, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\n\u20b916 to \u20b918 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs10.25 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.1 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Net Avenue Technologies IPO is a book built issue of Rs 10.25 crores. The issue is entirely a fresh issue of 56.96 lakh shares.<\/strong><\/p>\n

Net Avenue Technologies IPO bidding opened for subscription on November 30, 2023 and will close 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.<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n8000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.144,000<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n8000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.144,000<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n33.28% (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nTuesday, December 12, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nNSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Net Avenue Technologies IPO price band is set at \u20b916 to \u20b918 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is \u20b9144,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to \u20b9288,000.<\/strong><\/p>\n

Objects of the Issue (Net Avenue Technologies IPO Objectives)<\/h2>\n

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:<\/strong><\/p>\n

    \n
  1. Customer Acquisition – Marketing and Awareness.<\/strong><\/li>\n
  2. Funding Working Capital Requirement.<\/strong><\/li>\n
  3. General Corporate Purpose.<\/strong><\/li>\n
  4. To Meet the Issue Expenses.<\/strong><\/li>\n<\/ol>\n
    SMART IPO using UPI, you can now apply online<\/strong><\/div>\n
    \n

    For Existing Clients :\u00a0https:\/\/gudwil.in\/IPO
    \n<\/a>Open an account : \u00a0    https:\/\/gudwil.in\/smart<\/a>Further any clarification, feel free to contact your Branch \/ Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,<\/strong>
    \nTeam GoodwillDISCLAIMER :\u00a0Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @\u00a0    https:\/\/www.gwcindia.in\/Disclaimer<\/a><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Net Avenue Technologies Limited IPO Net Avenue Inc. started in 1998, out as a partnership firm between two aspiring individuals with the launch of one of the first Indian gifting portals, chennaibazaar.com. After considerable success offering gifting solutions to Indians living abroad, the company diversified its offerings beyond gifts to include Indian designer clothes and […]<\/p>\n","protected":false},"author":6,"featured_media":4860,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[117],"tags":[],"class_list":["post-4859","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-ipo","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=4859"}],"version-history":[{"count":3,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4859\/revisions"}],"predecessor-version":[{"id":9407,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/4859\/revisions\/9407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/4860"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=4859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=4859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=4859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}