Registered Office:
New # 16 Old # 13 1st Flr,Prithvi Avenue Alwarpet,
Chennai -
600018,
Tamil Nadu, India.
Phone : +91-044-4278 9289 Fax:
Email : info@natl.in
Website : www.natl.in
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| Initial public offer of 56,96,000 equity shares of face value of Re. 1/- each (the "Equity Shares") of Net Avenue Technologies Limited ("The Company" or "Net Avenue" or "The Issuer") at an issue price of Rs. 18/- per equity share for cash, aggregating up to Rs. 10.25 crores ("Public Issue") out of which 2,88,000 equity shares of face value of Re. 1/- each, at an issue price of Rs. 18/- per equity share for cash, aggregating Rs. 0.52 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 54,08,000 equity shares of face value of Re. 1/- each, at an issue price of Rs. 18/- per equity share for cash, aggregating upto Rs. 9.73 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.55% and 25.21% respectively of the post-issue paid-up equity share capital of the company.
The face value of the equity shares is Re. 1.00 each. The issue price is 18.00 times the face value of the equity shares.
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 30-Nov-23 |
04-Dec-23 |
18.00-0.00 |
0.00-0.00 |
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Minimum Application for shares in Nos :
8000
Further Multiples of :
8000
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Rs Cr |
Lead Managers to the Issue |
| Project Cost |
9.01 |
Shreni Shares Ltd
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| Project Financed through Current Offer |
10.25 |
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| Post Issue Equity Share Capital |
2.15 |
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| Issue Price |
18.00 |
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