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CBAZAARSME / NSEListed

Net Avenue Technologies Limited

Incorporated in 1998, Net Avenue Technologies Limited (formerly Net Avenue Inc.) is a digital direct-to-consumer brand focused on Indian ethnic wear and accessories, catering primarily to global South Asian customers across countries like the US, UK, Australia, and Canada. The company started with chennaibazaar.com as a gifting portal for NRIs and later expanded into ethnic wear through cbazaar.com and ethnovog.com, offering size-inclusive and budget-friendly fashion. Its products include lehengas, salwar kameez, kurtas, sherwanis, kidswear, and accessories, along with a luxury designer label “RaiR.” The company also partners with leading platforms like Myntra, Nykaa, and Ajio, and its Cbazaar brand has been recognized as one of the best online shops in the US (2020) and among the fastest-growing brands in 2022.

₹16 - ₹18511.18x sub
Listed Price42.00
Listing Gain+133.33%
TimelineBook Built Issue IPO
Open30 Nov 2023
Close04 Dec 2023
Allotment05 Dec 2023
Listing08 Dec 2023

Quota Reservation Portions

QIBPortion: 26,96,000 shares
47.33%
Nii (hni)Portion: 8,16,000 shares
14.33%
RetailPortion: 18,96,000 shares
33.29%
Market MakerPortion: 2,88,000 shares
5.06%

Minimum Application Bracket Matrix

Retail1 lots / 8,000 shares
₹1,44,000
HNI2 lots / 16,000 shares
₹2,88,000

About the Company

Incorporated in 1998, Net Avenue Technologies Limited (formerly Net Avenue Inc.) is a digital direct-to-consumer brand focused on Indian ethnic wear and accessories, catering primarily to global South Asian customers across countries like the US, UK, Australia, and Canada. The company started with chennaibazaar.com as a gifting portal for NRIs and later expanded into ethnic wear through cbazaar.com and ethnovog.com, offering size-inclusive and budget-friendly fashion. Its products include lehengas, salwar kameez, kurtas, sherwanis, kidswear, and accessories, along with a luxury designer label “RaiR.” The company also partners with leading platforms like Myntra, Nykaa, and Ajio, and its Cbazaar brand has been recognized as one of the best online shops in the US (2020) and among the fastest-growing brands in 2022.

Company Promoters

Mr. Rajesh NaharMr. Ritesh Katariya