February, 29 2024 Thursday 18:19 Hrs
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IPO Synopsis

Net Avenue Technologies Ltd
  • Registered Office: New # 16 Old # 13 1st Flr,Prithvi Avenue Alwarpet, Chennai - 600018, Tamil Nadu, India.
  • Phone : +91-044-4278 9289   Fax:
  • Email : info@natl.in
  • Website :www.natl.in
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 to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 54,08,000 equity shares of face value of Re. 1/- each, at an issue price of Rs. 18/- per equity share for cash, aggregating upto Rs. 9.73 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.55% and 25.21% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Re. 1.00 each. The issue price is 18.00 times the face value of the equity shares.
Issue
Opens On Closes On
30-Nov-23 04-Dec-23
Money Payable On
Application Allotment
18.00 0.00
Minimum Application for shares in Nos : 8000 Further Multiples of : 8000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 9.01 Shreni Shares Ltd
Project Financed through Current Offer (.Cr) 10.25  
Post Issue Equity Share Capital (.Cr) 2.15
Issue Price () 18.00
Projects
Customer Acquisition - Marketing & Awareness
Funding Working Capital Requirements
General Corporate Expenses
Promoted By
Rajesh Nahar
Ritesh Katariya
Listing At
NSE - SME
Registrar to the Issue
No Data Available
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