Net Avenue Technologies Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹24(133.33%)
Premium (ELP)
The public market debut of Net Avenue Technologies Limited's was completed on Dec 08, 2023 with its listing on the NSE exchange. The IPO process raised 57,00,000 Shares in total capital, consisting of 57,00,000 Shares in new equity.
The offering featured a price range of ₹16 to ₹18 and minimum application size of 8000 shares. Investor response during the subscription period from Nov 30, 2023 to Dec 04, 2023 influenced the final allotment ratios across investor categories.
Final allotment was announced on Dec 05, 2023, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1998, Net Avenue Technologies Limited (formerly Net Avenue Inc.) is a digital direct-to-consumer brand focused on Indian ethnic wear and accessories, catering primarily to global South Asian customers across countries like the US, UK, Australia, and Canada. The company started with chennaibazaar.com as a gifting portal for NRIs and later expanded into ethnic wear through cbazaar.com and ethnovog.com, offering size-inclusive and budget-friendly fashion. Its products include lehengas, salwar kameez, kurtas, sherwanis, kidswear, and accessories, along with a luxury designer label “RaiR.” The company also partners with leading platforms like Myntra, Nykaa, and Ajio, and its Cbazaar brand has been recognized as one of the best online shops in the US (2020) and among the fastest-growing brands in 2022.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Rajesh Nahar
- Mr. Ritesh Katariya
Net Avenue Technologies Limited
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