Net Avenue Technologies IPO Overview

Net Avenue Technologies Limited is set to launch its Initial Public Offering (IPO) from November 30, 2023, to December 4, 2023. Specializing in Indian ethnic wear and accessories through a digital direct-to-consumer business model, the company aims to raise ₹10.25 Crores with an IPO price range of ₹16 to ₹18 per share. The lot size is set at 8000 shares.

Net Avenue Technologies IPO Details:

  • Open Date: November 30, 2023
  • Close Date: December 4, 2023
  • Lot Size: 8000
  • IPO Size: ₹10.25 Crores
  • Price Range: ₹16 to ₹18
  • Minimum Investment: ₹128,000
  • Listing Exchange: NSE SME
  • Basis of Allotment: December 7, 2023
  • Refunds: December 8, 2023
  • Credit to Demat Account: December 11, 2023
  • Listing Date: December 12, 2023

Net Avenue Technologies Subscription Status:


About Net Avenue Technologies:

Established in 2001, Net Avenue Technologies Limited operates in the digital direct-to-consumer space, specializing in Indian ethnic wear and accessories for men, women, teens, and kids. Additionally, it has a presence in the D2C International cross-border e-commerce, serving countries such as the US, the UK, Canada, and Australia.

Product Portfolio:

Net Avenue’s diverse product range includes Lehenga Choli, Salwar Kameez, Gowns, Kurtas, Sherwani, Kurta Sets, Kids wear, and Accessories.


Among its websites, has been recognized as the best online shop in the United States for 2020 and acknowledged as one of the fastest-growing brands in the United States in 2022.

Peer Comparison:

  • Nandani Creation Limited

Financial Status (in Rs. Crores):

Revenue from operations33.4431.2313.80
Total Assets14.1912.957.69
Share Capital0.220.220.22
Total Borrowings11.8612.539.98
Net cash generated from operating activities-2.773.17-0.70
Net cash from investing activities-0.28-0.160.031
Net cash flow from financing activities1.85-1.111.33
Net increase (decrease) in cash and cash equivalents-1.201.900.66

Key Points:


  1. The company boasts a diverse product portfolio.
  2. A customer-centric approach is a focal point of its business model.
  3. The tech-driven business model enhances efficiency.
  4. The company positions itself as a Sustainable Fashion Advocate.
  5. Offering Data-Driven Body Sizing for Optimal Fit adds a unique value proposition.


  1. The business’s success relies on the growth of the online commerce industry in India and abroad.
  2. Operating in a highly competitive industry poses challenges.
  3. Exposure to foreign currency exchange rate fluctuations.
  4. Payment-related risks, including those associated with cash on delivery and payment processing.
  5. Historical negative cash flow raises financial concerns.

Investors and stakeholders will be keenly observing Net Avenue Technologies’ IPO, considering both its strengths and potential risks in the dynamic market landscape.

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