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The IPO is entirely a fresh equity issue of up to 37.8 lakh equity shares, aggregating to Rs 24.6 crore. The company is offering its shares at Rs 65 apiece, and investors can bid for 2,000 shares in one lot.
Net Avenue Technologies stock opened at Rs 42 against the issue price of Rs 18 on the NSE SME platform
Deepak Chemtex’s public offer opened for subscription on November 29 and closed on December 1
AMIC Forging’s public offer opened for subscription on November 29 and closed on December 1
The IPO of Net Avenue Technologies was subscribed over 500 times. The robust demand was led by retail investors, whose category was subscribed 721 times, while that of non-institutional investors was subscribed 616 times. The part reserved for institutional investors was subscribed 62 times.