NAPS Global India Limited is a wholesale importer of textile products, specializing in cotton and man-made fabrics sourced from China and Hong Kong. The company plays a crucial role in Maharashtra's garment manufacturing supply chain, ensuring timely bulk supply to garment vendors across the region.

NAPS Global India, a Fixed Price Issue amounting to ₹ 11.88 Crores, consisting an entirely Fresh Issue of 13.20 Lakh Shares. The subscription period for the NAPS Global India IPO opens on March 4, 2025, and closes on March 6, 2025. The allotment is expected to be finalized on or about Friday, March 7, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Tuesday, March 11, 2025.

The Share price of NAPS Global India IPO is set at ₹ 90 per equity share. The Market Capitalisation of the NAPS Global India Limited at IPO price of ₹ 90 per equity share will be ₹ 39.87 Crores. The lot size of the IPO is 1,600 shares. Retail investors are required to invest a minimum of ₹ 1,44,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹ 2,88,000.

Aryaman Financial Services Limited is the book running lead manager of the NAPS Global India IPO, while Cameo Corporate Services Limited is the registrar for the issue. Aryaman Capital Markets Limited is the Market Maker for NAPS Global India IPO.

NAPS Global India Limited IPO GMP Today
The Grey Market Premium of NAPS Global India Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

NAPS Global India Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on March 6, 2025, the NAPS Global India Limited IPO live subscription status shows that the IPO subscribed 1.19 times on its Final day of subscription period. Check the NAPS Global India IPO Live Subscription Status Today at BSE.

NAPS Global India Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
27 February 2025	₹ 90	₹ 90	₹ 0 (0.00%)	01:00 PM; 27 Feb 2025

NAPS Global India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
NAPS Global India IPO allotment date is 7 March, 2025, Friday. NAPS Global India IPO Allotment will be out on 7 March, 2025 and will be live on Registrar Website from the allotment date. Check NAPS Global India IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select NAPS Global India Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of NAPS Global India Limited IPO
NAPS Global India proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 919.00 Lakhs for funding Working Capital Requirements;
2. ₹ 169.00 Lakhs is required for General Corporate Purpose.

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Refer to NAPS Global India Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About NAPS Global India Limited

Business Overview

NAPS Global India Limited, incorporated in March 2014, is engaged in the import and wholesale distribution of textiles and garments. The company has positioned itself as a key supplier to garment manufacturers in Maharashtra and other states across India. Operating primarily in a business-to-business (B2B) model, the company procures high-quality fabrics and garments from established suppliers in China and Hong Kong and supplies them to manufacturers and wholesalers in India.

Core Operations and Product Portfolio

The company's operations revolve around two major segments:

1. Fabrics:
   • Cotton fabrics
   • Super-soft velvet fabrics
   • Knitted fabrics
   • Man-made fabrics
   • Linen fabrics
2. Garments:
   • Women’s tops
   • Men’s shirts & t-shirts
   • Kids’ jeans

The company leverages strong supplier networks and market insights to offer trendy designs and color combinations to its customers, ensuring high demand and repeat business.

Market Presence and Supplier Network

• Supplier Base: The company has well-established supply channels in China and Hong Kong, ensuring reliable and cost-effective procurement.
• Customer Base: It primarily caters to garment manufacturers and wholesalers in major Indian textile hubs, including Maharashtra, Gujarat, Karnataka, Punjab, and Madhya Pradesh.
• Operational Strength: The company operates on a just-in-time inventory model, reducing warehousing costs and improving capital efficiency.

As of August 31, 2024, the company had 10 employees. The Bankers to the Company is AXIS BANK LIMITED and YES BANK LIMITED.

Industry Analysis

Global Textile Market

• Market Size: The global textile industry was valued at USD 1,837.27 billion in 2023 and is expected to grow at a CAGR of 7.4% through 2030.
• Key Drivers:
  • Increasing demand for fast fashion and apparel.
  • Growth in technical textiles (used in automobiles, healthcare, and infrastructure).
  • Rising focus on sustainable and eco-friendly textiles.
• Top Global Players: Inditex (Zara), H&M, VF Corporation, China National Textile Corporation.

Indian Textile and Apparel Market

• Contribution to GDP: The Indian textile industry contributes 2.3% to the GDP, 13% to industrial production, and 12% to total exports.
• Projected Growth: The industry is expected to reach USD 350 billion by 2030, with exports projected to touch USD 100 billion.
• Dominant Segments:
  • Man-made textiles lead the imports sector with a 34% market share, valued at $1,859 million.
  • Growth in technical textiles and home furnishings.

Government Policies and Incentives

• Production-Linked Incentive (PLI) Scheme – Encourages investments in textile manufacturing.
• Mega Integrated Textile Region & Apparel (MITRA) Park Scheme – Focuses on building large textile clusters.
• Scheme for Integrated Textile Parks (SITP) – Supports textile infrastructure development.

Competitive Landscape in India

• Major Competitors: Vardhman Textiles, Welspun India, Arvind Ltd., Raymond, Bombay Rayon Fashions Ltd.
• Market Share: The top 5 players hold 35% of the market, while the rest is shared among mid-sized and small textile firms.

Business Strengths

1. Experienced Leadership

• Promoters:
  • Pankaj Jain (Chairman & MD) – Over a decade of experience in garment and textile trading.
  • Ronak Mistry (Whole-time Director & CFO) – Expertise in financial management and business expansion.

2. Strong Financial Growth

• Revenue CAGR: 88.30% growth from ₹1,334.40 lakh (FY 2022) to ₹4,731.29 lakh (FY 2024).
• Profit CAGR: 182.02% increase from ₹18.26 lakh (FY 2022) to ₹145.22 lakh (FY 2024).

3. Supplier and Customer Network

• 98.83% of raw materials are sourced from top 10 suppliers in China, ensuring consistent quality and supply.
• 50.84% of revenue comes from the top 5 customers, showing strong business relationships.

4. Expansion into High-Margin Garment Business

• Transitioning to readymade garments, which offer higher profit margins than fabrics.
• Outsourcing model for manufacturing, reducing capital investment while maximizing returns.

Business Strategies

1. Increasing Working Capital for Expansion

• Enhancing inventory holding to 1-2 months to improve order fulfillment.
• Optimizing supply chain efficiency by negotiating better rates with suppliers and reducing credit periods.

2. Geographic Expansion

• Expanding reach beyond Maharashtra to other high-growth states.
• Maharashtra’s revenue contribution dropped from 95.48% (FY 2023) to 72.27% (FY 2024), indicating successful diversification.

3. Forward Integration into Garment Manufacturing

• Moving into the readymade garment business using an outsourcing model, ensuring higher margins and reduced risk.

4. Digital and E-Commerce Expansion

• Strengthening online presence and digital marketing to expand market reach.

Risk Factors and Concerns

1. High Supplier Concentration Risk

• 98.83% of purchases depend on top 10 suppliers, making the company vulnerable to supply chain disruptions.

2. Revenue Concentration Risk

• 50.84% of revenue comes from top 5 customers, posing a financial risk if customer demand fluctuates.

3. Working Capital and Liquidity Management

• Significant capital tied up in receivables and inventory, affecting cash flow and operational efficiency.

4. Market Competition and Pricing Pressure

• The textile industry has low entry barriers, leading to intense price competition and margin pressures.

5. Regulatory and Economic Risks

• Changes in government policies, import/export regulations, and currency fluctuations could impact business operations.

NAPS Global India Limited is strategically positioned as a leading textile importer and garment supplier in India. With a strong financial foundation, expanding customer base, and forward integration into garment manufacturing, the company aims to leverage high-growth opportunities in the Indian and global textile markets. However, supplier dependency, working capital management, and competitive pricing remain key challenges. The IPO proceeds will play a crucial role in strengthening the company’s financial position and supporting its expansion strategies.