• By Goodwill
  • December 1, 2023

IPO : Net Avenue Technologies Limited

 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON Thursday, November 30, 2023
 ISSUE CLOSES ON Monday, December 4, 2023
 ISSUE PRICE ₹16 to ₹18 per share
 ISSUE SIZE Up to Rs10.25 Crores
 FACE VALUE 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.

 MINIMUM BID 8000 shares
 MAXIMUM BID 8000 shares
 PROMOTER HOLDING 33.28% (Post-issue)
 LISTING DATE 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:

  1. Customer Acquisition – Marketing and Awareness.
  2. Funding Working Capital Requirement.
  3. General Corporate Purpose.
  4. To Meet the Issue Expenses.
SMART IPO using UPI, you can now apply online

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Open an account :  https://gudwil.in/smartFurther any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,

Team GoodwillDISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer


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