NAPS Global India Limited, a Mumbai-based wholesale importer of textile products, has launched its Initial Public Offering (IPO) to raise ₹11.88 Crores through a fixed-price issue. Specializing in cotton and man-made fabrics imported from China and Hong Kong, the company plays a significant role in Maharashtra’s garment manufacturing supply chain.

The IPO consists entirely of a fresh issue, offering 13.20 lakh equity shares at ₹90 per share. The proceeds from the IPO will be utilized for working capital requirements (₹9.19 Crores) and general corporate purposes (₹1.69 Crores).

NAPS Global India IPO Subscription Details

The subscription period for the NAPS Global India IPO runs from March 4, 2025, to March 6, 2025. The minimum lot size is 1,600 shares, requiring a retail investment of ₹1,44,000, while HNIs must invest a minimum of ₹2,88,000 (two lots).

The IPO allotment is expected to be finalized by March 7, 2025, with shares likely to be listed on the BSE SME platform on March 11, 2025.

As of March 4, 2025 (11:00 AM), the IPO has been subscribed 0.05 times, indicating a slow response from investors on the first day.

Financial Performance of NAPS Global India

NAPS Global India Limited has shown consistent revenue growth over the years. Below are its key financial metrics:

• Revenue from operations: ₹5,283.38 Lakh (FY 2024) vs. ₹4,788.30 Lakh (FY 2023)
• EBITDA: ₹210.60 Lakh (FY 2024) vs. ₹188.55 Lakh (FY 2023)
• Profit After Tax (PAT): ₹153.43 Lakh (FY 2024) vs. ₹145.22 Lakh (FY 2023)

The pre-issue earnings per share (EPS) is ₹6.96, while the post-issue EPS is expected to be ₹3.28. The pre-issue P/E ratio is 12.93x, and the post-issue P/E ratio stands at 27.45x, which is significantly higher than the industry average P/E of 15x.

NAPS Global India IPO Grey Market Premium (GMP) and Market Sentiment

As of February 27, 2025, the GMP of NAPS Global India IPO is ₹0, indicating a lack of trading interest in the grey market. This suggests that the IPO may not witness strong listing gains, and investors should be cautious.

IPO Allotment Process: How to Check Your Status

The allotment status of the NAPS Global India IPO can be checked on the registrar’s website (Cameo Corporate Services Limited) from March 7, 2025.

Steps to check allotment status:

1. Visit the IPO allotment status page.
2. Select NAPS Global India Limited IPO from the dropdown list.
3. Enter your application number, PAN, or DP Client ID.
4. Click Submit to view the allotment result.

NAPS Global India IPO: Investment Recommendation

While NAPS Global India has shown steady financial growth, the high P/E ratio, low GMP, and uncertain demand indicate that the IPO may be fully priced with limited listing gains. Given the current market response, investors are advised to be cautious when considering this IPO for short-term gains.

For long-term investors, the company’s role in Maharashtra’s textile supply chain and revenue growth trends could offer potential, but the valuation and demand factors should be carefully analyzed before making an investment decision.

The Upcoming IPOs in this week and coming weeks 

The Current active IPO are NAPS Global, Balaji Phosphates.

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