NAPS Global India Limited, a Maharashtra-based textile importer, is gearing up for its market debut with an initial public offering (IPO) valued at ₹11.88 crores, offering 13.20 lakh fresh shares. The subscription window opens on March 4, 2025, and closes on March 6, 2025. Investors can keep a close eye on the company’s progress as it prepares for its listing on the BSE SME platform, set for March 11, 2025.
The company is offering equity shares with a ₹10 face value at a fixed price of ₹90 per share, with a minimum lot size of 1,600 shares. Retail investors can take part with a minimum investment of ₹144,000 for 1 lot, while High Net-worth Individuals (HNIs) are invited to subscribe with a minimum of ₹288,000 (2 lots). The post-subscription process promises speed, with share allotment notifications scheduled for March 7, 2025, and the listing set for March 11, 2025. As NAPS Global India Limited steps into the public market, it presents a promising opportunity for investors looking to tap into the growing textile sector in India.
NAPS Global India Limited IPO is a fundraise worth ₹11.88 crores comprising purely of a fresh issue with 72,000 shares reserved for the market maker Aryaman Capital Markets Limited. Retail investors are being offered 50% of the net issue while other investors are being offered the remaining 50% of the net issue. The IPO will be available for subscription from March 4, 2025, to March 6, 2025, providing an opportunity for investors looking to gain a stake in the textile sector.
| NAPS Global India IPO date | March 4, 2025 - March 6, 2025 |
| Fixed price | ₹90 per share |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Issue type | Fixed Price IPO |
| Fresh issue size | 13,20,000 shares amounting to ₹11.88 crores |
| Total issue size | 13,20,000 shares amounting to ₹11.88 crores |
| Listing at | BSE SME |
| Market maker portion | 72,000 - Aryaman Capital Markets Ltd |
| Shareholding post-issue | 44,30,000 shares |
| Shareholding pre-issue | 31,10,000 shares |
NAPS Global India IPO timeline
The NAPS Global India Limited IPO opens for subscription on March 4, 2025, and closes on March 6, 2025, with allotment scheduled for March 7, 2025.
| IPO open date | March 4, 2025 (Tuesday) |
| IPO close date | March 6, 2025 (Thursday) |
| Basis of allotment | March 7, 2025 (Friday) |
| Initiation of refunds | March 7, 2025 (Monday) |
| Credit of shares to Demat account | March 10, 2025 (Monday) |
| Listing date on BSE / NSE SME | March 11, 2025 (Tuesday) |
| Cut-off time for UPI mandate confirmation | 5 PM on March 6, 2025 (Thursday) |
Founded in March 2014, NAPS Global India Limited is a leading wholesale importer of textiles and a key player in Maharashtra’s garment manufacturing supply chain. The company offers a wide range of products, including cotton fabrics, super-soft velvet fabrics, knitted fabrics, man-made fabrics, linen fabrics, women’s tops, men’s shirts and t-shirts, as well as kids' wear and jeans. With a strong pan-India presence, NAPS Global has established a reliable supplier network in China and Hong Kong, ensuring a steady flow of quality fabrics for garment manufacturers across India.
The company specializes in sourcing fabrics and supplying them to garment manufacturers, understanding customer demands and delivering trendy designs and vibrant colour combinations. Operating primarily on a business-to-business model, NAPS Global plays a crucial role in meeting the evolving needs of the garment industry. As of August 31, 2024, the company employed 10 individuals on its payroll.
The company intends to use the net proceeds from the issue to meet its working capital requirements and for general corporate purposes.
The NAPS Global India Limited IPO’s key performance indicators, as on March 31, 2024, reflect the company's financial health with a Return on Equity of 59.15%, Return on Capital Employed (ROCE) at 47.47% and Return on Net-Worth (RoNW) at 38.15%. The PAT Margin was 3.07% and the Price to Book Value was 7.35. The company’s market capitalisation is ₹39.87 crores.
| Period Ended | December 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Assets | 15.94 | 11.73 | 6.52 | 4.63 |
| Revenue | 52.83 | 47.88 | 26.01 | 13.48 |
| Profit After Tax | 1.53 | 1.45 | 0.27 | 0.18 |
| Net Worth | 5.34 | 3.81 | 1.10 | 0.83 |
| Reserves & Surplus | 2.23 | 0.70 | 1.09 | 0.82 |
| Total Borrowing | 1.68 | - | 0.12 | 0.22 |
Amount in ₹ crores
The pre-IPO EPS is at ₹4.67 while the post-IPO EPS will be ₹4.62. Similarly, the pre-IPO Price to Earnings ratio is 19.27 and will become 19.49 post-IPO.
NAPS Global India Limited has a strong financial track record, with consistent revenue growth driven by the robust demand for imported textiles and garments. The company benefits from long-standing relationships with suppliers in China and Hong Kong, ensuring reliable sourcing of high-quality materials at competitive prices. This supplier network plays a crucial role in maintaining operational efficiency and cost-effectiveness.
Additionally, NAPS Global offers a diverse product range, including cotton fabrics, velvet, knitted fabrics, and garments, which helps the company cater to a wide customer base and mitigate risks associated with dependency on a single product category. The company’s leadership team, consisting of experienced promoters and directors, brings industry expertise that enables effective strategic decision-making and market adaptability, further strengthening its position in the competitive textile industry.
A significant portion of the company’s revenue is concentrated in the sale of fabrics, meaning that any decline in demand for these products could negatively impact its financial performance. Additionally, NAPS Global is dependent on a few key suppliers for its raw materials, and disruptions in the supply chain could lead to delays or shortages, potentially harming the business.
The company also faces challenges in managing its working capital effectively, as a large portion of its assets is tied up in trade receivables, inventory, and short-term advances. This can result in liquidity and cash flow risks, which may affect profitability. Moreover, NAPS Global operates in a highly competitive textile industry, and with fluctuating raw material prices and regulatory compliance challenges, the company must navigate various external pressures that could hinder growth and profitability.
Investing early in NAPS Global India Limited could offer an opportunity to be part of the company’s growth in the textile sector. However, investors should thoroughly evaluate various factors, such as the company’s operational history, financial stability, sector trends, and growth plans, while also aligning with their personal investment goals and risk tolerance. It’s advisable to carefully review the offer document and consult with a professional advisor to make a well-informed decision regarding participation in this IPO.
What is the NAPS Global India Limited IPO?
The NAPS Global India Limited IPO is an BSE SME offering consisting of 13.20 lakh equity shares with a face value of ₹10 per share, aiming to raise ₹11.88 crore. The fixed price has been set at ₹90 per share, with a minimum order quantity of 1,600 shares. This IPO will be open for subscription from March 4, 2025, to March 6, 2025. Aryaman Financial Services Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar while Aryaman Capital Markets Limited is the market maker.
When will the NAPS Global India IPO open?
The NAPS Global India Limited IPO will open for subscription on March 4, 2025, and will close on March 6, 2025.
When is the NAPS Global India IPO listing date?
The tentative listing date for the NAPS Global India Limited IPO is Tuesday, March 11, 2025.
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