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Net Avenue Technologies Ltd

Registered Office : New # 16 Old # 13 1st Flr,Prithvi Avenue Alwarpet,Chennai Tamil Nadu 600018 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

Opens On

Closes On

30-Nov-2023

04-Dec-2023

Money Payable On

Application

Allotment

18.00

0.00

Minimum Application for shares in Nos : 8000.0 Further Multiples of : 8000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

9.01

10.25

2.15

18.00

Shreni Shares Ltd

Projects

Customer Acquisition - Marketing & Awareness

Funding Working Capital Requirements

General Corporate Expenses

Promoted By

Rajesh Nahar

Ritesh Katariya

Listing At

NSE - SME

Registrar to the Issue

Bigshare Services Pvt Ltd