Net Avenue Technologies Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Net Avenue

CMP

17.20

-0.20 (-1.15%)

  • DRHP
₹18

Offer Price

₹ 10.25 Cr

Issue Size

₹ 1,44,000

Min Investment

8,000

Lot size

Time Line

  • 30
    Nov 2023
    Open
  • 04
    Dec 2023
    Close
  • 07
    Dec 2023
    Finalisation of Basis of Allotment
  • 08
    Dec 2023
    Initiation of Refunds
  • 11
    Dec 2023
    Transfer of Shares to Demat Account
  • 08
    Dec 2023
    Listing Date

Objects of the Offer

  • Enhancing Personalization.

  • Optimizing Costs and Supply Chain.

  • Leveraging Expertise and Relationships.

  • Global Marketplace Presence.

  • Swift Shipping.

Products & Services

  • Net Avenue Technologies Limited is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories.

Strengths

  • Diverse Product Range.

  • Customer-Centric Growth Approaches.

  • Technology-Driven.

  • Sustainable Fashion Advocate (Just-In-Time).

  • Data-Driven Body Sizing for Optimal Fit.

Risks

  • There are outstanding legal proceedings involving the Company and Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • Its business depends on the growth of online commerce industry in India & Abroad and its ability to effectively respond to changing user behaviour on digital platforms.

  • Any harm to its brands or reputation may adversely affect its business, financial condition, cash flows and results of operations.

  • If the company is or its brand relationships and sellers fail to identify and effectively respond to changing consumer preferences and spending patterns or changing beauty and fashion trends in a timely manner, the demand for products could decrease, causing its revenue and results of operations to decline.

  • If the company fail to acquire new consumers or fail to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.

Company Promoters

Promoters Holding

Issue For IPO
11.15%
Pre Holding

41.98%

Post Holding

30.83%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 31.23 (-) 33.44 (7.10%) 84.87 (-)
Gross Profit 31.23 (-) 33.44 (7.10%) 84.87 (-)
Net Income 31.23 (-) 33.44 (7.10%) 84.87 (-)
Assets 31.23 (-) 33.44 (7.10%) 84.87 (-)
Liabilities 31.23 (-) 33.44 (7.10%) 84.87 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Net Avenue Technologies Ltd 33.44 1.87 5.12 3.13 84.87 0.00 15.75 1.18 0.54
Nandani Creation Ltd 48.88 0.11 48.15 48.15 0.37 0.11 25.36 0.22 0.34

Book Running Managers

  • Shreni Shares Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

New # 16 Old # 13 1st Flr,
Prithvi Avenue Alwarpet,
Chennai - 600018
Phone : +91-044-4278 9289 Email : info@natl.in www.natl.in

Offer Related Information

Initial public offer of 56,96,000 equity shares of face value of Re. 1/- each (the "Equity Shares") of Net Avenue Technologies Limited ("The Company" or "Net Avenue" or "The Issuer") at an issue price of Rs. 18/- per equity share for cash, aggregating up to Rs. 10.25 crores ("Public Issue") out of which 2,88,000 equity shares of face value of Re. 1/- each, at an issue price of Rs. 18/- per equity share for cash, aggregating Rs. 0.52 crores will be reserved for subscription by the market maker... More

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