Net Avenue Technologies Limited
Book Built Issue IPO · NSE
- Price band
- ₹16 - ₹18
- Lot size
- 8,000 shares
- Issue amount
- ₹10.26 cr
- Total subscription
- 511.18×
- Opens
- 30 Nov 2023
- Closes
- 4 Dec 2023
- Allotment
- 5 Dec 2023
- Listing
- 8 Dec 2023
Offer at a glance
Issue overview
- Issue size
- 57,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹10.26 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,44,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,57,58,078
- Shares after issue
- 2,14,58,078
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 8,000 | ₹1,44,000 |
| HNI | 2 | 16,000 | ₹2,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1.94 | 120.5 |
| RETAIL | 3.41 | 2,462.96 |
| NIB | 1.47 | 905.64 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 2.1 |
| ROE | 127.77 |
| ROCE | 5.28 |
| RONW | 75.53 |
| PRE IPO(PE) | 8.57 |
| POST IPO(PE) | 10.23 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Promoters
Mr. Rajesh Nahar
Mr. Ritesh Katariya
Registrar & documents
Lead manager
Shreni Shares Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
New No. 16, Old No. 13, 1st Floor Prithvi Avenue, Alwarpet Chennai - 600018
+91-044-42789289
[email protected]Company website ↗Understanding CBAZAAR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.