Net Avenue Technologies Ltd - IPO

Net Avenue Technologies Ltd IPO Details

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.

Objective of issue

Customer Acquisition - Marketing & Awareness. Funding Working Capital Requirements. General Corporate Expenses.

Net Avenue Technologies Ltd Contact Details

Net Avenue Technologies Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@natl.in

Website - www.natl.in