Incorporated in 2001, Net Avenue Technologies Limited is involved in the business of online direct-to-consumer Indian ethnic wear and accessories for women, kids and men. They have a presence in International cross-border e-commerce direct-to-consumer for their products.
The company sells their products through their website and mobile apps. They also distribute their products via popular e-commerce platforms like Nykaa, Myntra, Ajio, etc.
Net Avenue Technologies Limited owns brands like Ethnovog, an online clothing store, and Cbazaar.com, an online shopping platform rated one of the best online shops in the United States in 2020 and one of the fastest-growing brands in the United States in 2022.
The Indian e-retail industry is expected to grow by more than 300-350 million shoppers, propelling the online Gross Merchandise Value (GMV) to US $100-120 billion by 2025. This demand can create a good opportunity for the company.
Net Avenue Technologies Limited IPO Details
Net Avenue Technologies Limited IPO Dates
Net Avenue Technologies Limited’s IPO opens on November 30, 2023 and closed on December 4, 2023.
Net Avenue Technologies Limited IPO Price Band
Net Avenue Technologies Limited is a fresh issue of 57,00,000 shares. The price band is ₹16 to ₹18 per share.
Net Avenue Technologies Limited IPO Lot Size
Net Avenue Technologies Limited’s IPO lot size is 8,000 shares, and the minimum investment is 1 lot.
Net Avenue Technologies Limited IPO Objectives
The objectives of Net Avenue Technologies Limited's IPO are listed below:
- To fund for the customer acquisition, i.e., marketing and awareness.
- To fund the working capital requirements of the company.
- To meet general corporate purposes.
- To meet the issue expenses.
Peer Details
Net Avenue Technologies Limited faces competition from publicly listed players like Nandini Creations.
How To Check the Net Avenue Technologies Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Net Avenue Technologies Limited IPO
- Registered office: New No. 16, Old No. 13, 1st Floor Prithvi Avenue, Alwarpet, Chennai-600018, Tamil Nadu, India.
- Phone: +91-044-42789289
- E-mail: investor@natl.in
Company Financials
| Particulars | Period ending on March 31, 2023 | Period ending on March 31, 2022 | Period ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue | 3,451.26 | 3,276.16 | 1,447.54 |
| Profit after Tax | 176.40 | 261.51 | 23.11 |
| Net Worth | 233.54 | 42.57 | -228.37 |
| Earnings Per Equity Share (in ₹) | 2.10 | 3.11 | 0.28 |
| Total Borrowings | 276.06 | 84.24 | 191.07 |
Know before investing
Strengths
2The company offers various clothing products catering to all age groups with worldwide shipping.
The company aims to be available easily for all customers through giant e-commerce platforms like Amazon, Walmart, etc.
Risks
2The business depends on the user’s changing behaviour. The company must respond effectively to these changes.
The company must focus on both retaining old customers and acquiring new customers with the right price points.
