NAPS Global India Limited, a leading wholesale importer and supplier of textile products, has launched its IPO (Initial Public Offering), marking a significant milestone in the company’s growth trajectory. The IPO opens on March 4, 2025, and closes on March 6, 2025, providing an opportunity for investors to participate in the company's future. The NAPS Global India IPO will offer a fresh issue of 13.20 lakh shares, aggregating to ₹11.88 crores.

Company Overview

NAPS Global India Limited specializes in the wholesale import of textile products, particularly cotton and man-made fabrics, sourced primarily from China and Hong Kong. The company plays a critical role in Maharashtra’s garment manufacturing supply chain, providing bulk fabric supplies to garment vendors across the region. Founded in 2014, the company has seen substantial growth in its operations, with a strong focus on the textile industry.

NAPS Global India IPO Key Details

• IPO Opening Date: March 4, 2025
• IPO Closing Date: March 6, 2025
• IPO Price per Share: ₹90
• Market Capitalization at IPO Price: ₹39.87 Crores
• Lot Size: 1,600 shares
• Retail Investor Minimum Investment: ₹1,44,000
• HNI Minimum Investment: ₹2,88,000 (for 2 lots)
• IPO Issue Type: Fresh Issue
• Total Fresh Issue Size: ₹11.88 Crores

The IPO is managed by Aryaman Financial Services Limited as the Book Running Lead Manager and Cameo Corporate Services Limited as the Registrar. Aryaman Capital Markets Limited is the Market Maker for the IPO.

NAPS Global India IPO Subscription Status

As of March 6, 2025, at 12:00 PM, the NAPS Global India IPO is subscribed 0.62 times, indicating that the demand is still below the supply on the final day of subscription. This subscription status provides important insight into investor interest in the IPO.

NAPS Global India IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for the NAPS Global India IPO is currently ₹0, reflecting no expected gains based on the financial performance of the company. The GMP is a measure of the unofficial trading of shares before they are officially listed on the stock exchange. However, it is important to note that trading based on GMP is not recommended, as it does not reflect the official market price upon listing.

How to Check NAPS Global India IPO Allotment Status

The allotment for the NAPS Global India IPO is expected to be finalized on March 7, 2025. To check your allotment status, follow these steps:

1. Visit the Registrar's website.
2. Select NAPS Global India Limited IPO from the list.
3. Enter your application number, PAN, or DP Client ID.
4. Submit the details to view your allotment status.

NAPS Global India IPO Objectives

The company intends to utilize the proceeds from the IPO for the following objectives:

1. ₹919.00 Lakhs will be allocated towards funding working capital requirements.
2. ₹169.00 Lakhs will be used for general corporate purposes.

NAPS Global India Financial Overview

NAPS Global India has shown significant financial growth in recent years:

• Revenue from operations for the period ending December 31, 2024: ₹5,283.38 Lakhs
• EBITDA for FY24: ₹210.60 Lakhs
• Profit After Tax (PAT) for FY24: ₹153.43 Lakhs

These figures indicate a steady growth trajectory for the company, with strong financial metrics reflecting positive prospects. However, the pre-issue P/E ratio is 12.93x, and the post-issue P/E ratio is 27.45x, which is higher than the industry average of 15x, making the stock fully priced for the IPO.

NAPS Global India IPO Review and Recommendations

Given the current Grey Market Premium, financial performance, and valuation, investors are advised to avoid the NAPS Global India IPO for both listing gains and long-term investment purposes. The high P/E ratio indicates that the IPO might not offer significant upside in the short term. Investors should consider other investment opportunities for potential higher returns.

Conclusion

In conclusion, while NAPS Global India Limited is a promising company within Maharashtra's textile supply chain, the IPO comes at a fully priced valuation. With no expected listing gains and no Grey Market Premium, potential investors should carefully assess their options before subscribing. Stay updated with the subscription status and allotment process, as the IPO’s future performance will become clearer upon listing.

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