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Net Avenue Technologies Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Net Avenue Technologies Ltd IPO

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 Money Payable On
Opens On Closes On Application Allotment
30-Nov-23 04-Dec-23 (Rs)18.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :8000  Further Multiples of :8000

  (Rs Cr) Lead Managers to the Issue
Project Cost 9.01
Shreni Shares Ltd
Project Financed through Current Offer 10.25  
Post Issue Equity Share Capital 2.15  
Issue Price (Rs)18.00  
 
Projects
Customer Acquisition - Marketing & AwarenessGeneral Corporate Expenses
Funding Working Capital Requirements
Promoted By
Rajesh Nahar  
Ritesh Katariya  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd