Issue Price
₹18
Per Share
GMP
NIL
Grey Market
Est. Listing
₹18
Expected Price
Min. Application
₹288,000
2 lots × 8000 shares
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.
Net Avenue Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 288,000 | — | ₹0.52 Cr | — |
| TOTAL | 5,696,000 | 100.00% | ₹10.25 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 8,000 | ₹144,000 |
| Retail (Max) | 13 | 104,000 | ₹1,872,000 |
| sNII (Min) | 14 | 112,000 | ₹2,016,000 |
| bNII (Min) | 68 | 544,000 | ₹9,792,000 |
| Particulars | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 783.89 | 3451.26 | 3276.16 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 94.39 | 176.40 | 261.51 |
| Net Worth | 328.70 | 233.54 | 42.57 |
| Total Assets | 1317.92 | 1419.90 | 1295.26 |
| Reserves & Surplus | 306.57 | 211.41 | 20.44 |
| Total Borrowings | 292.69 | 276.06 | 84.24 |