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IPO Synopsis Net Avenue Technologies Ltd
Registered Office : New # 16 Old # 13 1st Flr,Prithvi Avenue Alwarpet, Chennai - 600018, Tamil Nadu, India.
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 Money Payable On
Opens On Closes On Application Allotment
 30-Nov-23  04-Dec-23  18.00-0.00  0.00-0.00
Minimum Application for shares in Nos :  8000   Further Multiples of :  8000
  Rs Cr Lead Managers to the Issue
Project Cost  9.01 Shreni Shares Ltd
Project Financed through Current Offer  10.25  
Post Issue Equity Share Capital  2.15  
Issue Price  18.00  
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
No Data available..!
 
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