
Emerging SME Services · NSE
Incorporated in 1998, Net Avenue Technologies Limited (formerly Net Avenue Inc.) is a digital direct-to-consumer brand focused on Indian ethnic wear and accessories, catering primarily to global South Asian customers across countries like the US, UK, Australia, and Canada. The company started with chennaibazaar.com as a gifting portal for NRIs and later expanded into ethnic wear through cbazaar.com and ethnovog.com, offering size-inclusive and budget-friendly fashion. Its products include lehengas, salwar kameez, kurtas, sherwanis, kidswear, and accessories, along with a luxury designer label “RaiR.” The company also partners with leading platforms like Myntra, Nykaa, and Ajio, and its Cbazaar brand has been recognized as one of the best online shops in the US (2020) and among the fastest-growing brands in 2022.
Price Band
₹16 – ₹18
Issue Size
₹10.26 Cr
Lot Size
8000 shares
GMP
+133.3%
Est. Listing
₹42
at current GMP
Subscribed
511.18x
overall
Open
30 Nov 2023
Close
4 Dec 2023
Allotment
5 Dec 2023
Refund
6 Dec 2023
Demat Credit
7 Dec 2023
Listing
8 Dec 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹18
Band: ₹16 – ₹18
Estimated Listing Price
₹42
Upper price + GMP
Lot Size
8000 shares
Min investment ₹1,44,000
Estimated Profit / Lot
₹1,92,000
8000 × ₹24
Grey Market Premium trend
+₹24
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹24 | 133.3% | ₹42 |
| 30 Oct 2026 | +₹24 | 133.3% | ₹42 |
| 29 Oct 2026 | +₹22 | 120.0% | ₹40 |
GMP is unofficial market data. Not a guarantee of listing performance.
Net Avenue Technologies Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹10.26 Crores. The shares are offered at a price band of ₹16 to ₹18 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 8000 shares (approx. ₹1,44,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-07, while un-allotted funds or UPI block mandates will be released on 2023-12-06.
The latest grey market premium for Net Avenue Technologies Limited IPO is ₹24, which indicates an expected listing price of ₹42.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.