IPO Trending
CBAZAARSME / NSEListed
Net Avenue Technologies

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 Price₹42.00
Listing Gain+133.33%

IPO Schedule & Timeline

Book Built Issue IPO
Open30 Nov 2023
Close04 Dec 2023
Allotment05 Dec 2023
Listing08 Dec 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB26,96,000 shares
47.33%
Nii (hni)8,16,000 shares
14.33%
Retail18,96,000 shares
33.29%
Market Maker2,88,000 shares
5.06%

Minimum Application Lots

Retail1 Lot (8,000 shares)
₹1,44,000
HNI2 Lots (16,000 shares)
₹2,88,000

Company Promoters

Mr. Rajesh NaharMr. Ritesh Katariya

Company Background

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 expa...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jul 2023)₹783.89 Cr
Growth-45.8%
Revenue Trend (₹ in Crores)
0.01.3k2.6k4.0kMar 2021Mar 2022Mar 2023Jul 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jul 2023783.8994.391,317.92292.69
Mar 20233,451.26176.401,419.90276.06
Mar 20223,276.16261.511,295.2684.24
Mar 20211,447.5423.11769.85191.07

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values2.10127.77%5.28%8.5710.23

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
05 Dec 2023
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
08 Dec 2023

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Net Avenue Technologies. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization05 Dec 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date08 Dec 2023Trading commences on exchange

How to Check Net Avenue Technologies Allotment Online

1Open Portal

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2Select Company

Select Net Avenue Technologies from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Net Avenue Technologies IPO

Complete issue overview for Net Avenue Technologies (CBAZAAR) IPO. The issue features an equity share price band of ₹16 – ₹18 per share with a minimum retail lot size of 8000 Shares (minimum application amount of ₹1,44,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions