Net Avenue Technologies IPO GMP

Net Avenue Technologies Limited is set to launch its SME IPO at NSE Emerge, with an issue size of Rs 10.26 Crores, consisting entirely of fresh shares. This exciting IPO is scheduled to open from November 30, 2023, to December 4, 2023. To participate, investors must purchase at least one lot of 8000 shares or multiples thereof, within the price band of Rs 16 to Rs 18 per share.

Net Avenue Technologies IPO GMP

Let’s take a closer look at the Grey Market Premium (GMP) of Net Avenue Technologies’ IPO. The GMP is a key indicator of how an IPO is being traded in the unofficial, unregulated grey market before its official listing. It provides insights into how the market anticipates the IPO’s performance on the day of its listing. [Last Updated: 08 Dec, 2023; 11:05]

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GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
08-12-202318.00₹24145900₹42 (133.33%)
07-12-202318.00₹24145900₹42 (133.33%)
06-12-202318.00₹20121600₹38 (111.11%)
05-12-202318.00₹18112500₹36 (100.00%)
04-12-202318.00₹1166900₹29 (61.11%)
03-12-202318.00₹1166900₹29 (61.11%)
02-12-202318.00₹1166900₹29 (61.11%)
01-12-202318.00₹636500₹24 (33.33%)
30-11-202318.00₹636500₹24 (33.33%)
29-11-202318.00₹321300₹21 (16.67%)
28-11-202318.00₹321300₹21 (16.67%)
27-11-202318.00₹321300₹21 (16.67%)
26-11-202318.00₹321300₹21 (16.67%)
25-11-202318.00₹0₹18 (0%)
24-11-202318.00₹0₹18 (0%)
23-11-202318.00₹0₹18 (0%)

Also See: Upcoming IPO in India

Latest IPO GMP:

For real-time updates on Net Avenue Technologies IPO GMP, you can check the live GMP status of all upcoming and closed IPOs on the IPO GMP Dashboard at Stockesta.com. They regularly update IPO GMP performance, allowing you to track and compare IPO GMP with its listing price.

Understanding IPO Grey Market Premium (GMP):

The Grey Market Premium (GMP) is a critical metric for investors looking to gauge the market sentiment towards an upcoming IPO. Here’s a breakdown of what GMP signifies:

  • Positive GMP: A positive GMP indicates that the IPO is likely to debut at a premium on the stock exchange, potentially offering early gains for investors who secure allotment.
  • Negative GMP: Conversely, a negative GMP suggests that the IPO might list at a discount, and investors may have to wait for the stock’s price to appreciate.

It’s crucial to note that IPO GMP can be highly volatile, making investment decisions based solely on this indicator risky. To make an informed investment decision, it’s essential to consider all factors, including the company’s fundamentals and market conditions, before investing in Net Avenue Technologies SME IPO.

Also Read: How to Open a Demat Account on Groww

About Net Avenue Technologies:

Net Avenue Technologies Limited, founded in 2001, operates in the consumer discretionary industry. The company specializes in selling Indian ethnic clothing and accessories, primarily catering to the South Asian diaspora. Their online platforms, including websites and mobile apps, facilitate sales to this niche market segment. Additionally, the company collaborates with prominent e-commerce platforms like Myntra, Nykaa, and Ajio to expand its reach.

Key highlights of Net Avenue Technologies:

  1. Diverse Product Range: The company offers a wide range of Indian ethnic wear, including Lehenga Choli, Salwar Kameez, Robes, Kurtas, Sherwani, Kurta sets, Children’s clothes, and Accessories.
  2. Customer-Centric Growth Approaches: Net Avenue Technologies focuses on providing personalized browsing and buying experiences to meet the diverse needs of its customers.
  3. Technology-Driven: The company leverages technology to enhance customer satisfaction and optimize the buying process.
  4. Sustainable Fashion Advocate (Just-In-Time): They adopt a sustainable approach to fashion through Just-In-Time production.
  5. Data-Driven Body Sizing for Optimal Fit: Net Avenue Technologies uses data-driven insights for improved sizing and fitting.
  6. Experienced Promoters: With a history dating back to 2001, the company boasts experienced promoters.

For more information, you can visit their official website here.

Net Avenue IPO

Net Avenue Technologies SME IPO Dates:

Here are the important dates related to Net Avenue Technologies SME IPO:

  • SME IPO Open Date: November 30, 2023
  • SME IPO Close Date: December 4, 2023
  • Basis of Allotment Finalization Date: December 7, 2023
  • Refunds Initiation: December 8, 2023
  • Credit of Shares to Demat Account: December 11, 2023
  • SME IPO Listing Date: December 12, 2023

Conclusion:

Net Avenue Technologies’ SME IPO presents an exciting opportunity for investors to participate in a company with a diverse product range, customer-centric approach, and a history of innovation. While the IPO’s Grey Market Premium (GMP) can provide some insights, it’s essential for investors to conduct thorough due diligence and consider various factors before making their investment decisions. The IPO market can be volatile, and prudent decision-making is key to achieving investment success.

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