Net Avenue Technologies IPO

Net Avenue Technologies Limited

₹1,28,000 /8000 sharesMinimum Investment

Net Avenue Technologies IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹18.00₹42.00₹24.00 (133.33%)

Net Avenue Technologies IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Nov ‘23 - 4 Dec ‘23₹1,28,0008,000₹16 - ₹18
Issue SizeIPO Doc
10.25Cr
RHP PDF

About the company

Net Avenue Technologies operates in the digital direct-to-consumer business, specializing in Indian ethnic wear and accessories. The company also extends its presence in international cross-border e-commerce for its products. Their product range covers Indian ethnic wear and accessories for women, men, teens, and kids. Established on June 7, 2001, Net Avenue Technologies focuses on selling Indian Ethnic wear and accessories, primarily targeting the South Asian Diaspora. Their products are available through their website, mobile applications, and various E-commerce platforms like Myntra, Nykaa, and Ajio, among others. ;
Founded in
2001
Managing director
Mr. Rajesh Nahar
Parent organisation
Net Avenue Technologies Limited

Strength and risks

Strengths
Risks
Net Avenue Technologies Limited provides a range of premium Indian ethnic fashion to South Asians globally through its E-commerce platform. The offerings cater to various cultural preferences, including wedding attire, festive wear, party clothing, and accessories.
In 2020, Cbazaar.com, owned by Net Avenue Technologies, was rated as one of the best online shops in the United States. It was also one of the fastest-growing brands in the United States in 2022.
With an IT division, the company has internally developed and managed its entire digital platform, covering the website, order processing, seller panel, design creation, content management, and production coordination. This approach improves unit economics, accelerates processes, and minimizes reliance on external IT vendors.
The company has embedded sustainability into its culture and processes, establishing itself as a sustainable fashion brand. The operational model is designed for just-in-time manufacturing, reducing waste and environmental impact.
Leveraging a vast repository of body measurement data from stitching millions of custom outfits for hundreds of thousands of customers, the company employs machine learning to enhance customer comfort and fit.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular16 - 18₹2 Lakh
High Networth Individual16 - 18₹2 - 5 Lakh
For Net Avenue Technologies IPO, eligible investors can apply as Regular.
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