SME IPO: Net Avenue Tech issue subscribed over 500x; stock may double on listing day

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Key Points

The offer of Net Avenue Tech is a completely a fresh equity issue of up to 56.96 lakh equity shares..

The massive demand was led by retail investors, whose category was subscribed 721 times, while that of non-institutional investors was subscribed 616 times..

The initial public offer of Net Avenue Technologies was subscribed over 500 times, making it the second highest in terms of bids received this year..

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