NAPS Global India Limited, a prominent importer specializing in textile products, is set to launch its Initial Public Offering (IPO) on March 4, 2025. The offering will conclude on March 6, 2025. This IPO aims to raise approximately ₹11.88 crores through a fixed price issue, with shares priced at ₹90 each. The entire amount constitutes a fresh issue, as there is no offer for sale component. The shares are scheduled to be listed on the BSE SME platform on March 11, 2025.
NAPS Global IPO Date Company Overview
Based in Mumbai, NAPS Global India Limited operates primarily as a wholesale importer of textile products, focusing on cotton and synthetic fabrics sourced mainly from China and Hong Kong. The company’s product portfolio includes a diverse range of fabrics such as cotton, super-soft velvet, knitted fabrics, scuba suede, and linen. Additionally, NAPS Global offers garments including women’s tops, men’s shirts and t-shirts, kids’ wear, and jeans. The company maintains a leased warehouse in Thane, Maharashtra, to support its operations. As of September 2024, NAPS Global reported no outstanding borrowings from banks or financial institutions. The company employs seven full-time staff members as of August 31, 2024.
NAPS Global IPO Date Financial Performance
Over the past few years, NAPS Global has demonstrated significant growth in both revenue and profitability. Below is a summary of the company’s financial performance:
| Fiscal Year | Revenue (₹ Crores) | Expenses (₹ Crores) | Net Profit (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | 13.34 | 13.23 | 0.18 | 4.63 |
| 2023 | 25.89 | 25.57 | 0.27 | 6.52 |
| 2024 | 47.31 | 46.08 | 1.45 | 11.73 |
| Dec 2024* | 52.44 | 50.85 | 1.53 | 15.94 |
*Data for December 2024 represents figures up to the nine months ending December 31, 2024.
The consistent increase in revenue and net profit indicates a robust upward trajectory in the company’s financial health.
IPO Details
The key details of the NAPS Global IPO are as follows:
| Particulars | Details |
|---|---|
| IPO Open Date | March 4, 2025 |
| IPO Close Date | March 6, 2025 |
| Face Value | ₹10 per equity share |
| Issue Price | ₹90 per share |
| Issue Size | ₹11.88 crores |
| Fresh Issue | ₹11.88 crores |
| Offer for Sale | Nil |
| Issue Type | Fixed Price Issue |
| Listing Platform | BSE SME |
| Retail Quota | 50% |
| Non-Institutional Quota | 50% |
Investors can apply for the IPO in lots, with each lot comprising 1,600 shares, amounting to an investment of ₹1,44,000 per lot. The minimum and maximum application for retail investors is one lot, while small High Net Worth Individuals (S-HNIs) can apply for a minimum of two lots, totaling 3,200 shares at ₹2,88,000.
IPO Timeline
The important dates related to the NAPS Global IPO are as follows:
| Event | Date |
|---|---|
| IPO Opening Date | March 4, 2025 |
| IPO Closing Date | March 6, 2025 |
| Basis of Allotment Finalization | March 7, 2025 |
| Refunds Initiation | March 10, 2025 |
| Credit of Shares to Demat Accounts | March 10, 2025 |
| Listing Date | March 11, 2025 |
Promoters
The company is promoted by Mr. Pankaj Jain and Mr. Ronak Mistry, who bring extensive experience and expertise in the textile industry.
Valuation Metrics
Key financial ratios and metrics for the fiscal year 2024 are as follows:
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹6.96 |
| Price-to-Earnings (P/E) Ratio | 12.93 |
| Return on Net Worth (RoNW) | 38.15% |
| Net Asset Value (NAV) | ₹12.24 per share |
| Return on Capital Employed (ROCE) | 47.47% |
| EBITDA Margin | 3.99% |
| Debt-to-Equity Ratio | Not Applicable |
These metrics reflect the company’s efficient use of capital and a strong return on equity, indicating sound financial management.
Peer Comparison
In comparison to its peers, NAPS Global’s financial metrics are as follows:
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Revenue (₹ Crores) |
|---|---|---|---|---|---|
| NAPS Global India Limited | 6.96 | 12.93 | 38.15 | 12.24 | 47.31 |
| Alstone Textiles (India) Ltd | 0.03 | 22.67 | 2.73 | 1.20 | 8.15 |
| Soma Textiles & Industries Ltd | 6.40 | 6.27 | 23.86 | 26.80 | 5.20 |
Objects of the IPO Issue
The funds raised from the NAPS Global IPO will be utilized for the following purposes:
- Funding Working Capital Requirements – The company aims to enhance its inventory management and operational efficiency by securing additional working capital.
- General Corporate Purposes – This includes business expansion, strategic investments, and other corporate needs that support the company’s long-term growth.
NAPS Global IPO Market Lot and Investment Details
The IPO requires investors to apply in fixed lots. The details of the minimum and maximum investment are as follows:
| Investor Category | Lot Size | Number of Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 lot | 1,600 shares | ₹1,44,000 |
| Retail Maximum | 1 lot | 1,600 shares | ₹1,44,000 |
| Small HNI (S-HNI) Minimum | 2 lots | 3,200 shares | ₹2,88,000 |
The large minimum investment amount makes it clear that this IPO is primarily targeting serious retail investors and high-net-worth individuals (HNIs).
NAPS Global IPO Registrar
The IPO registrar is responsible for processing applications and managing the allotment process. The official registrar for this IPO is:
Cameo Corporate Services Limited
- Phone: +91-44-40020700
- Email: priya@cameoindia.com
- Website: www.cameoindia.com
Investors facing any issues regarding allotment, refunds, or application status can contact the registrar directly.
NAPS Global IPO Lead Manager (Merchant Banker)
The IPO is being managed by:
Aryaman Financial Services Ltd.
This firm is responsible for handling the public issue, ensuring compliance with regulations, and coordinating with SEBI and stock exchanges.
Company Contact Information
Investors and stakeholders can reach out to NAPS Global India Limited at the following address:
NAPS Global India Limited
Office No. 11, 2nd Floor,
436 Shree Nath Bhuvan, Kalbadevi Road,
Mumbai City, Mumbai, Maharashtra – 400002
- Phone: 022-49794323
- Email: napsglobalindia@gmail.com
- Website: www.napsglobalindia.com
NAPS Global IPO Strengths & Risks Analysis
Strengths
- Growing Revenue and Profitability – The company has demonstrated consistent financial growth, nearly doubling its revenue from ₹26.01 crores in 2023 to ₹47.88 crores in 2024.
- Debt-Free Business Model – As of December 2024, NAPS Global has no outstanding borrowings, making it financially stable.
- Diverse Product Portfolio – The company imports and distributes a wide range of textile products, reducing dependency on a single category.
- Strong Market Demand – The textile industry remains a key sector in India, with increasing demand for imported fabrics and garments.
Risks & Challenges
- High Minimum Investment Requirement – With a minimum lot size of 1,600 shares, retail investors with limited capital may find it difficult to participate.
- Reliance on Imports – Since the company sources most of its textiles from China and Hong Kong, supply chain disruptions or trade restrictions could impact operations.
- Limited Institutional Participation – With 50% of the issue reserved for retail investors and 50% for non-institutional investors, the lack of QIB (Qualified Institutional Buyer) participation might affect post-listing stability.
- Competitive Industry – The Indian textile sector is highly competitive, with established players already holding a significant market share.
NAPS Global IPO Grey Market Premium (GMP) & Subscription Details
As the IPO date approaches, investors will be keen to track the Grey Market Premium (GMP), which indicates demand for shares before the official listing. The GMP is an unofficial indicator of market sentiment and potential listing gains.
Additionally, subscription figures from retail investors, HNIs, and institutional investors will provide insights into overall interest in the IPO.
For real-time updates on GMP and subscription status, visit: NAPS Global IPO GMP
NAPS Global IPO Review & Recommendation
Several financial experts and brokerage firms have shared their views on this IPO. Below is a general consensus:
| Brokerage / Research Firm | Recommendation |
|---|---|
| Canara Bank | TBA |
| DRChoksey FinServ | TBA |
| Emkay Global | TBA |
| Hem Securities | TBA |
| IDBI Capital | TBA |
| Marwadi Shares | TBA |
| SBICAP Securities | TBA |
| Sharekhan | TBA |
| SMC Global | TBA |
| Swastika Investmart | TBA |
Overall, considering the strong revenue growth, no debt burden, and reasonable valuation, this IPO may be a good investment for long-term investors. However, high minimum investment costs and industry competition remain factors to consider.
Frequently Asked Questions (FAQs) on NAPS Global IPO
1. What is NAPS Global IPO?
NAPS Global IPO is an SME IPO aiming to raise ₹11.88 crores through a fixed price issue of ₹90 per share. The IPO will be listed on BSE SME.
2. When does NAPS Global IPO open for subscription?
The IPO opens on March 4, 2025, and closes on March 6, 2025.
3. What is the minimum and maximum investment for retail investors?
Retail investors must apply for at least 1,600 shares (₹1,44,000), with a maximum of the same amount.
4. How can I apply for NAPS Global IPO?
You can apply through:
- ASBA (Application Supported by Blocked Amount) via your bank’s net banking
- UPI through stockbrokers like Zerodha, Upstox, Groww, etc.
- Offline application through a registered stockbroker
5. When will NAPS Global IPO shares be listed on BSE?
The shares will be listed on March 11, 2025, subject to successful allotment.
Final Thoughts
The NAPS Global IPO presents an opportunity for investors in the textile sector, offering solid revenue growth, a debt-free status, and a strong presence in fabric imports. However, investors should evaluate risks like import reliance, competition, and market conditions before investing.