IPO : Net Avenue Technologies Limited
|Book Built Issue IPO
|ISSUE OPENS ON
|Thursday, November 30, 2023
|ISSUE CLOSES ON
|Monday, December 4, 2023
|₹16 to ₹18 per share
|Up to Rs10.25 Crores
|Rs.1 per share
Net Avenue Technologies IPO is a book built issue of Rs 10.25 crores. The issue is entirely a fresh issue of 56.96 lakh shares.
Net Avenue Technologies IPO bidding opened for subscription on November 30, 2023 and will close on December 4, 2023. The allotment for the Net Avenue Technologies IPO is expected to be finalized on Thursday, December 7, 2023. Net Avenue Technologies IPO will list on NSE SME with tentative listing date fixed as Tuesday, December 12, 2023.
|Tuesday, December 12, 2023
Net Avenue Technologies IPO price band is set at ₹16 to ₹18 per share. The minimum lot size for an application is 8000 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (16,000 shares) amounting to ₹288,000.
Objects of the Issue (Net Avenue Technologies IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Customer Acquisition – Marketing and Awareness.
- Funding Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
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