NAPS GLobal IPO Subscription Status and Updates

The NAPS Global India Limited IPO saw a modest response from investors, with a subscription of 1x by the second half of Day 3. The company is offering shares at Rs 90 per share with a minimum lot size of 1,600 shares. The Rs 11.88 crore IPO consists entirely of fresh issues. Stay tuned for the latest updates on the NAPS Global India IPO subscription status as the day progresses.

NAPS Global India IPO Subscription Status - Day 3

By the second half of Day 3, the NAPS Global India IPO reached an overall subscription of 1x. The retail category was subscribed 1.4x, while Non-Institutional Investors (NIIs) subscribed 0.59x.

NAPS Global India IPO Subscription Status - Day 2

By the end of Day 2, the NAPS Global India IPO had an overall subscription of 0.42x. The retail category saw a subscription of 0.77x, while Non-Institutional Investors (NIIs) showed limited interest at 0.06x.

NAPS Global India IPO Subscription Status - Day 1 

The NAPS Global India IPO was subscribed 0.23x at the end of its opening day. The retail category saw a subscription of 0.32x, while Non-Institutional Investors (NIIs) subscribed 0.14x. 

Company Overview of NAPS Global India IPO 

NAPS Global India is a wholesale importer of textile products with over a decade of experience in the industry. The company plays a key role in Maharashtra’s garment manufacturing supply chain, primarily importing man-made fabrics and cotton in bulk and ensuring a steady supply to garment manufacturers.

Their product range includes various fabrics such as cotton, super-soft velvet, knitted, man-made, and linen fabrics, along with garments like women’s tops, men’s shirts and t-shirts, kids’ wear, and jeans.

Operating on a B2B model, the company focuses on understanding customer needs, including fabric type, color trends, material, quantity, and designs. They emphasize competitive pricing, efficient supply chain management, and timely delivery, ensuring a smooth procurement process for their clients. 

Strengths of NAPS Global India IPO

• NAPS Global India provides a wide variety of fabric alternatives, including knitting, linen, cotton, and more. This enables the business to serve several market niches. 

• By 2023, the Indian textile market is predicted to have grown to a valuation of about $350 billion, which will benefit the company as well.

• The company sources its fabrics from nations like China and Hong Kong, which ensures economical procurement and a steady supply of goods. 

• The business exhibits excellent financial efficiency and efficient use of capital, which can be seen in its Return On Equity and Return On Capital Employed, which are 59.15% and 47.47%, respectively. 

Risks of NAPS Global India IPO 

• Locally derived goods are more affordable than imported goods when offered by domestic players.

• NAPS procures its products from other countries, which makes the company highly dependent on foreign goods. Currency fluctuations and international commercial relations can have a significant impact on competition. 

• The company has a track record of negative cash flows, which suggests that its use of cash reserves may be problematic. 

• To preserve inventory and cash reserves, a sizeable amount of the company’s assets are pledged as security for short-term loans. 

NAPS Global India IPO Financial Overview

• The revenue has significantly grown over the years from Rs.13.34 Cr to Rs.52.44 Cr. It nearly saw a 2x growth from 2023 to 2024. 

• The company’s PAT has shown an impressive increase from Rs 0.18 Cr to Rs 1.53 Cr. It has moved from very low profitability in 2022 and 2023 to a more substantial profit in 2024. 

• The EBITDA has increased significantly from Rs 0.40 Cr to Rs 2.10 Cr. It suggests that the company has seen more revenue generation over the years. 

• The ROE has also seen an increase from 26.64% to 33.55%, which indicates strong financial performance through efficient equity capital utilization. 

• The Return on Capital Employed has also improved from 30.35% to 47.47% but saw a fall at the year-end, of 2024. A rising ROCE means that the company is efficiently using both its equity and debt to generate profits. 

NAPS Global India IPO Details

• IPO Open Date: March 4, 2025

• IPO Close Date: March 6, 2025

• Issue Price: Rs 90 per share

• Lot Size: 1,600 shares

• Total Issue Size: 13,20,000 shares (amounting to Rs.11.88 Cr)

• Fresh Issue: 13,20,000shares (amounting to Rs.11.88 Cr)

• Allotment Date: March 7, 2025

• Listing Date: March 11, 2025

How to Apply for NAPS Global India IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.