Question 1

What is the Net Avenue Technologies Limited IPO?

Accepted Answer

The Net Avenue Technologies Limited IPO is an SME (Small and Medium Enterprise) Initial Public Offering where Net Avenue Technologies Limited is offering its shares to the public for the first time. The issue size is ₹57 lakhs with a price band of ₹16-18. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Net Avenue Technologies Limited IPO open?

Accepted Answer

The Net Avenue Technologies Limited IPO was open from 30 November 2023 to 04 December 2023. The subscription period has now ended.

Question 3

What is the lot size of Net Avenue Technologies Limited IPO?

Accepted Answer

The lot size for Net Avenue Technologies Limited IPO is 8000 shares, which means the minimum investment required is approximately ₹1,44,000 (8000 shares × ₹16-18). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Net Avenue Technologies Limited IPO?

Accepted Answer

You can apply for the Net Avenue Technologies Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Net Avenue Technologies Limited IPO allotment?

Accepted Answer

The Net Avenue Technologies Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Net Avenue Technologies Limited IPO listing date?

Accepted Answer

The Net Avenue Technologies Limited IPO was listed on 08 December 2023. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Net Avenue Technologies Limited IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for Net Avenue Technologies Limited IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held Net Avenue Technologies Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹18 and held them until now, your current gain is -76.9% (₹-14 per share). For one lot of 8000 shares, your loss would be ₹1,12,000. On listing day, the stock opened at ₹42 (133.3% gain). The stock has corrected from listing day highs. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Individual(min) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	16,000	₹2.88L
Individual(max) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	16,000	₹2.88L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	3	24,000	₹4.32L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	6	48,000	₹8.64L
BHNI(min) Big HNI - Investment above ₹10 lakhs	7	56,000	₹10.08L

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Net Avenue Technologies Limited

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