Net Avenue Technologies Limited

About the company

## **About  Net Avenue Technologies Limited** Incorporated in 1998, Net Avenue Technologies Limited  is engaged in online digital direct-to-consumer business for Indian Ethnic wear and accessories.  The company also has presence in International cross-border e-commerce direct-to-consumer for its products. The product range includes Indian ethnicwear and accessories for women, men, teens and kids . The company core business sells Indian Ethnic wear and accessories, primarily catering to the South Asian Diaspora, a segment they reach through their website and mobile applications. Furthermore, they extend their reach by distributing their products through various prominent E-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others. Net Avenue Technologies LimitedForging Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives 1. Customer Acquisition - Marketing & Awareness 1. Funding Working Capital Requirement  1. General Corporate Purpose  1. To Meet the Issue Expenses    Here are key details about the Net Avenue Technologies Limited IPO: Company Name| **Net Avenue Technologies Limited Limited**|  | Net Avenue Technologies Limited IPO Opening Date| **November 30, 2023** ---|---|---|---|--- Company Established On|**1998**Net Avenue Technologies Limited IPO Price band|**₹16 to ₹18 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   30 Nov 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   04 Dec 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   02 Dec 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   08 Dec 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   07 Dec 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   12 Dec 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.