1. IPO Details
The upcoming IPO of Net Avenue Technologies Limited has been generating considerable interest among investors. Here’s a detailed overview of the key aspects:
| Parameter | Value |
|---|---|
| Issue Period | Nov 30, 2023 – Dec 4, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹16 to ₹18 per share |
| Lot Size | 8000 Shares |
| Total Issue Size | 5,696,000 shares (₹10.25 Cr) |
| Fresh Issue | 5,696,000 shares (₹10.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
2. IPO Reservation
Net Avenue Technologies IPO offers 5,696,000 shares, with allocations to various investor categories:
- Anchor Investors: 1,616,000 shares (28.37%)
- Market Maker: 288,000 shares (5.06%)
- QIB: 1,080,000 shares (18.96%)
- NII (HNI): 816,000 shares (14.33%)
- Retail: 1,896,000 shares (33.29%)
3. IPO GMP
As of the latest available data, the Grey Market Premium (GMP) for Net Avenue Technologies IPO stands at ₹5.
| Price Range | Lot Size | Min. Investment | Bid Dates | Listing Date | GMP Yesterday (2 Dec 2023) | GMP Today (3 Dec 2023) | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
| ₹16 to ₹18 per share | 8000 | ₹128,000 | November 30 – December 4, 2023 | Tuesday, December 12, 2023 | 10 | 11 | 29 | 88,000 | Y |
| Date | GMP |
|---|---|
| December 4, 2023 December 3, 2023 | ₹11 ₹10 |
| December 2, 2023 | ₹6 |
| December 1, 2023 | ₹5 |
| November 30, 2023 | ₹5 |
| November 29, 2023 | ₹3 |
| November 28, 2023 | ₹3 |
| November 27, 2023 | ₹3 |
| November 26, 2023 | ₹3 |
4. Anchor Investors Details
Net Avenue Technologies IPO successfully raised Rs 2.91 crore from anchor investors. The anchor bid date was November 29, 2023. Key details include:
- Shares Offered: 1,616,000
- Anchor Portion Size (In Cr.): ₹2.91
- Anchor lock-in period end date for 50% shares (30 Days): January 19, 2024
- Anchor lock-in period end date for remaining shares (90 Days): April 12, 2024
5. IPO Lot Size
Investors can bid for a minimum of 8000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 8000 | ₹144,000 |
| Retail (Max) | 1 | 8000 | ₹144,000 |
| HNI (Min) | 2 | 16,000 | ₹288,000 |
6. IPO Promoter Holding
Mr. Rajesh Nahar and Mr. Ritesh Katariya are the promoters of Net Avenue Technologies. The shareholding pre-issue is 45.31%, which will reduce to 33.28% post-issue.
7. Financial Information (Restated Consolidated)
A glance at Net Avenue Technologies’ financial performance reveals growth in revenue but a drop in profit after tax (PAT) between the fiscal years ending March 31, 2023, and March 31, 2022:
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹1,317.92 | ₹1,419.90 | ₹1,295.26 | ₹769.85 |
| Revenue | ₹783.89 | ₹3,451.26 | ₹3,276.16 | ₹1,447.54 |
| PAT | ₹94.39 | ₹176.40 | ₹261.51 | ₹23.11 |
| Net Worth | ₹328.70 | ₹233.54 | ₹42.57 | -₹228.37 |
8. Key Performance Indicators
Key performance indicators (KPIs) shed light on Net Avenue Technologies’ financial health and operational efficiency:
| KPIs | Values |
|---|---|
| P/E (x) | 8.57 |
| Post P/E (x) | 10.23 |
| Market Cap | ₹38.62 Cr |
| ROE | 127.77% |
| ROCE | 5.28% |
| Debt/Equity | 1.18 |
| EPS (₹) | 2.1 |
| RoNW | 75.53% |
9. IPO Subscription Status (Bidding Details)
The Net Avenue Technologies IPO witnessed robust subscription, with an overall subscription of 54.76 times. The retail category showed remarkable interest with a subscription of 89.41 times, while the QIB category saw 0.41 times, and the NII category recorded 46.17 times subscription.
In conclusion, Net Avenue Technologies Limited’s IPO presents a compelling opportunity for investors, backed by its digital-to-consumer business model and a strong foothold in the ethnic wear and accessories market. Diligent investors may find value in considering this IPO for their portfolios.
Note: The information provided is based on available data and subject to change. Investors are advised to conduct thorough research before making investment decisions.
