Net Avenue Technologies IPO: Check GMP Today, Know How To Check Allotment Status – News18

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Net Avenue Technologies IPO: Check GMP Today, Know How To Check Allotment Status – News18


Net Avenue Technologies IPO: Check allotment standing, GMP in the present day.

Unlisted shares of Net Avenue Technologies are at the moment buying and selling Rs 18 increased within the gray market, which is a 100 per cent itemizing achieve from the general public situation

Net Avenue Technologies IPO: The preliminary public providing of Net Avenue Technologies, which acquired a blockbuster response from traders with over 511 occasions subscription between November 30 and December 4, is prone to be listed on the NSE SME on December 7, as its allotment has been finalised.

The 10.25-crore SME IPO acquired a whopping 511 occasions subscription, receiving bids for 1,93,81,04,000 shares as towards 37,92,000 shares on supply.

The class meant for non-institutional traders acquired an awesome 616.24 occasions subscription, whereas the quota for retail particular person traders (RIIs) obtained subscribed a whopping 721.68 occasions. The portion for certified institutional consumers (QIBs) was subscribed 61.99 occasions.

The worth band of the Rs 10.25-crore Net Avenue Technologies SME IPO was mounted at Rs 16-18 a share.

Net Avenue Technologies IPO GMP Today

According to market observers, unlisted shares of Net Avenue Technologies have been buying and selling Rs 18 increased within the gray market as in contrast with its situation worth. The Rs 18 gray market premium or GMP means the gray market is anticipating a 100 per cent itemizing achieve from the general public situation, which suggests doubling the traders’ wealth on the itemizing day. The GMP relies on market sentiments and retains altering.

‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty worth.

Net Avenue Technologies IPO: How to Check Allotment Status

Step 1: Visit https://ipo.bigshareonline.com/IPO_Status.html

Step 2: Select the corporate ‘Net Avenue Technologies Ltd’

Step 3: In ‘Selection Type’, select one choice from ‘PAN Number’, ‘Beneficiary ID’ and ‘Application Number’.

Step 4: Provide related particulars of the choice chosen in Step 3.

Step 5: Enter Captcha and hit ‘Search’ button.

You will now get the standing of your IPO allotment.

Net Avenue Technologies IPO Details

The IPO comprised a recent situation of 37,92,000 fairness shares for public subscription with a face worth of Rs 1 every. The firm mounted the value band at Rs 16-18 per fairness share for the IPO.

For traders, the minimal lot measurement to use for the IPO was 8,000 shares. The minimal quantity of funding required by retail traders was Rs 1,44,000. The minimal lot measurement funding for HNI was 2 heaps (16,000 shares) amounting to Rs 2,88,000.

The proceeds from the difficulty shall be utilised in the direction of buyer acquisition, advertising and marketing and consciousness, funding working capital necessities, normal company goal, and situation bills.

Shreni Shares Limited is the e-book-operating lead supervisor of the Net Avenue Technologies IPO, whereas Bigshare Services Pvt Ltd is the registrar for the difficulty. The market maker for Net Avenue Technologies IPO is Shreni Shares.

The firm’s income in FY23 stood at Rs 34.51 crore, whereas the revenue after tax was Rs 1.76 crore.



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