NAPS Global India IPO is a fixed-price issue worth ₹11.88 crore, consisting entirely of a fresh issue of 13.20 lakh shares. The IPO opens for subscription on March 4, 2025, and closes on March 6, 2025. The allotment is expected to be finalised on March 7, 2025, with a tentative listing date on BSE SME set for March 11, 2025.
The issue is priced at ₹90 per share, with a minimum application lot size of 1,600 shares. Retail investors need to invest at least ₹1,44,000, while High Net-Worth Individuals (HNIs) must apply for a minimum of two lots (3,200 shares) requiring an investment of ₹2,88,000.
Aryaman Financial Services Limited is the book-running lead manager for the IPO, ensuring smooth execution. Cameo Corporate Services Limited is handling the registrar duties, while Aryaman Capital Markets Limited serves as the market maker.
Investors looking for more details can refer to the NAPS Global India IPO Red Herring Prospectus (RHP) for in-depth insights into the offering, company details, and financials before making investment decisions.
Industry Outlook
- The global textile market, valued at USD 1,837.27 billion in 2023, is projected to grow at a CAGR of 7.4% from 2024 to 2030, driven by rising demand from the fashion industry and e-commerce expansion. India’s textile and apparel market is expected to reach USD 350 billion by 2030, growing at a 10% CAGR, while textile exports are projected to hit USD 100 billion.
- With India ranking among the top 5 global textile exporters and its home textile industry set to grow at an 8.9% CAGR, NAPS Global India Limited is well-positioned to leverage these industry trends for sustainable business growth.
NAPS Global India IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The proceeds will ensure smooth business operations by maintaining adequate liquidity for day-to-day expenses.
- The remaining funds will be used for general corporate purposes.
About NAPS Global India Limited
NAPS Global India Limited is a Mumbai-based company specialising in the wholesale import of textile products, playing a key role in the garment manufacturing supply chain in Maharashtra. Established in 2014 by Pankaj Jain and Ronak Mistry, the company has built a strong presence in the textile industry over the past decade.
With deep-rooted experience in fabric procurement, it imports cotton and man-made fabrics in bulk from manufacturers in China and Hong Kong, ensuring a steady supply to garment manufacturers and their vendors across India.
The company benefits from the growing demand-supply gap in the man-made textiles sector, which accounted for 34% of total textile imports, valued at $1,859 million during April-October FY 2024-25. Leveraging a strong procurement network, it remains a sought-after supplier for manufacturers needing high-quality fabrics.
Operating on a business-to-business model, the company prioritises competitive pricing, efficient supply chain management, and timely delivery. Its asset-light approach, with a registered office in Mumbai and a warehouse in Bhiwandi, enables cost optimisation and high returns. By focusing on economies of scale, it minimises operational expenses while maximising profitability.
With a diverse product range that includes cotton, linen, velvet, and knitted fabrics, as well as garments like shirts, jeans, and kidswear, the company aims to expand its reach across India and beyond, ensuring long-term growth and value creation for stakeholders.
How To Check the Allotment Status of NAPS Global India IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the NAPS Global India IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the NAPS Global India IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of NAPS Global India IPO
Registered office: Office No. 11, 2nd Floor, 436 Shree Nath Bhuvan, Kalbadevi Road, Mumbai City, Mumbai, Maharashtra, India, 400002
Phone: 022-49794323
E-mail: : napsglobalindia@gmail.com
NAPS Global India IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,600 |
₹1,44,000 |
|
Retail (Max) |
1 |
1,600 |
₹1,44,000 |
|
HNI (Min) |
2 |
3,200 |
₹2,88,000 |
NAPS Global India IPO Promoter Holding
Mr. Pankaj Jain and Mr. Ronak Mistry are the promoters of the company.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
70.20% |
NAPS Global India IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares |
- |
|
Market Maker Shares |
72,000 (5.45%) |
|
Other Shares |
6,24,000 (47.27%) |
|
Retail Shares |
6,24,000 (47.27%) |
|
Total Shares |
13,20,001 (100%) |
Key Performance Indicators for NAPS Global India Limited
As of March 31, 2024, the market capitalisation of NAPS Global India's IPO is ₹39.87 crore. Here are the KPIs of NAPS Global India:
|
KPI |
Values |
|
ROE (%) |
59.15 |
|
RoCE (%) |
47.47 |
|
RoNW (%) |
38.15 |
|
PAT Margin |
3.07 |
|
Price to Book Value |
7.35 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
4.67 |
4.62 |
|
P/E (x) |
19.27 |
19.49 |
Note: Pre-IPO EPS is based on pre-issue shareholding as per RHP and FY earnings as of March 31, 2024. Post-Issue EPS is based on post-issue shareholding and annualised FY earnings as of December 31, 2024, as per RHP.
NAPS Global India IPO Prospectus
NAPS Global India IPO Registrar and Lead Managers
NAPS Global India IPO Lead Managers
- Aryaman Financial Services Limited
Registrar for NAPS Global India IPO
Cameo Corporate Services Limited
- Contact Number: +91-44-28460390
- Email Address: investor@cameodina.com
NAPS Global IndiaIPO Registrar
Financial Performance of NAPS Global India Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 4,731.29 | 2,589.26 |
| Profit After Tax (PAT) (in ₹ lakh) | 145.22 | 27.17 |
| EPS (Earnings per Share in ₹) | 6.96 | 1.35 |
| Return on equity (%) | 59.15 | 28.06 |
| Return on capital employed (%) | 47.47 | 42.62 |
| EBITDA (in ₹ lakh) | 188.55 | 54.20 |
| Total Borrowings (in ₹ lakh) | - | 11.77 |
Know before investing
Strengths
8A strong supplier network in China and Hong Kong ensures cost-efficient procurement.
Experienced promoters with over a decade of industry expertise drive growth.
Revenue grew at a CAGR of 88.30%, reaching ₹4,731.29 lakh in FY24.
Net worth increased from ₹83.23 lakh in FY22 to ₹380.62 lakh in FY24.
Profit after tax surged at a CAGR of 182.02%, reaching ₹145.22 lakh in FY24.
Expanding fund-based capacities to scale operations and diversify product offerings.
Plans to expand beyond Maharashtra to penetrate PAN India markets.
Strengthening customer base through cost efficiency and logistics optimisation.
Risks
8NAPS Global India relies heavily on fabric sales, and reduced demand may impact revenue and financial performance.
The company’s revenue from sales reached ₹5,244.29 lakh by December 2024, but fluctuations could affect profitability.
Dependence on a few suppliers, with top 10 contributing 98.83% in 2024, poses a supply chain risk.
Major revenue dependence on select customers increases business vulnerability to customer loss.
Maharashtra contributed 72.27% of revenue in December 2024, exposing the company to regional risks.
Warehouse and office premises are leased, and non-renewal could disrupt operations.
Inventory mismanagement may lead to cash flow issues, stock shortages, or excess stock losses.
Promoters will hold 70.20% post-issue, potentially affecting minority shareholder influence.
NAPS Global India Limited Peer Comparison
| Company Name | EPS (Basic) | NAV (per share) (₹) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| NAPS Global India Limited | 6.96 | 12.24 | 12.93 | 38.15 |
| Alstone Textiles (India) Limited | 0.03 | 1.2 | 22.67 | 2.73 |
| Soma Textiles & Industries Limited | 6.4 | 26.8 | 6.27 | 23.86 |
