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News Details

23/11/2023 13:22

Net Avenue Technolog announces launch of initial public offering

Net Avenue Technologies Ltd. has announced public offering of 5696000 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 17.00 per share. The gross proceeds of the issue are expected to be Rs 1,025.28 lakhs.

The company's initial public offer (IPO) will open on 30 November 2023 and is expected to close on 04 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 16.00-18.00 per share.

The IPO includes a fresh Issue of 5696000 Equity Shares of the Company at an price of Rs 18.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 8000 shares with bids in multiples of 8000.

Net Avenue Technologies Ltd. anticipates using the proceeds of the issue for .

Shreni Shares Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.