NAPS Global India Limited, a Mumbai-based textile importer, is launching its NAPS Global India Ltd IPO to raise ₹11.88 crore. The IPO is scheduled to open on March 4, 2025, and will close on March 6, 2025.
NAPS Global India Limited, established on March 28, 2014, is a Mumbai-based company specializing in the import and wholesale distribution of premium textiles. The company sources high-quality cotton and man-made fabrics from manufacturers in China and Hong Kong, supplying them to garment manufacturing vendors across Maharashtra, India.
NAPS Global India Ltd IPO Key Dates:
- IPO Opening Date: March 4, 2025
- IPO Closing Date: March 6, 2025
- Allotment Finalization: March 7, 2025
- Refund Initiation: March 10, 2025
- Shares Credited to Demat Accounts: March 10, 2025
- Listing Date on BSE SME Platform: March 11, 2025
IPO Details:
- Issue Size: 13.2 lakh equity shares at a fixed price of ₹90 per share, totaling ₹11.88 crore.
- Lot Size: The minimum application is for 1,600 shares, amounting to ₹1,44,000. High-net-worth individuals (HNIs) must apply for at least 3,200 shares, equating to ₹2,88,000.
- Allocation: 50% of the issue is reserved for retail investors, and the remaining 50% for other categories.
Use of Proceeds:
The company plans to allocate the IPO proceeds as follows:
- Working Capital Requirements: ₹9.19 crore
- General Corporate Purposes: ₹1.69 crore
- IPO Expenses: Remaining amount
Company Overview:
Established in March 2014, NAPS Global India specializes in importing cotton and man-made fabrics from manufacturers in China and Hong Kong. These fabrics are supplied to vendors of garment manufacturing companies in Maharashtra, India.
Financial Performance:
In the fiscal year 2024, NAPS Global India reported a revenue of ₹47.88 crore, up from ₹26.01 crore in 2023. The net profit for 2024 stood at ₹1.45 crore, a significant increase from ₹0.27 crore in the previous year.
Management and Advisors:
- Lead Manager: Aryaman Financial Services Ltd
- Registrar: Cameo Corporate Services Ltd
- Market Maker: Aryaman Capital Markets Ltd
Investors interested in participating in the NAPS Global India IPO should ensure their applications are submitted between March 4 and March 6, 2025. Given the company’s growth trajectory and strategic use of funds, this IPO presents an opportunity for those looking to invest in the textile import sector.
Product Offerings:
NAPS Global India offers an extensive range of fabrics, including:
- 4-Way Stretch Fabrics
- Cotton Fabrics
- Cotton Prints
- Knitted Fabrics
- Linen Fabrics
- Print/Jacquard
- Super Soft Velvet
- T/R Fabrics
These products cater to diverse client needs, ensuring a blend of quality and style.
Logistics and Services:
The company emphasizes efficient logistics and offers services such as handling and customs clearance, air and sea freight bookings, and cargo pickup from designated warehouses. This comprehensive approach ensures a seamless supply chain for their clients.
Corporate Structure:
NAPS Global India is a public limited company with an authorized share capital of ₹4.75 crore and a paid-up capital of ₹3.11 crore. The company’s leadership includes:
- Pankaj Jain: Director
- Ronak Mistry: Director and Chief Financial Officer
- Nikhil Malpani: Director
- Satyanarayan Punglia: Additional Director (appointed on April 1, 2024)
- Priyanka Marvania: Company Secretary
NAPS Global India Ltd IPO Lot Size
Here is the lot size and investment details for the NAPS Global India IPO:
| Application | Lots | Shares | Total Investment |
| Retail (Minimum) | 1 | 1,600 shares | ₹1,44,000 |
| Retail (Maximum) | 1 | 1,600 shares | ₹1,44,000 |
| HNI (Minimum) | 2 | 3,200 shares | ₹2,88,000 |
- Retail Investors: Minimum application for 1,600 shares (₹1,44,000).
- HNI Investors: Must apply for at least 3,200 shares (₹2,88,000) or multiples thereof.
NAPS Global India Limited Financial Information
| Period Ended | 31 Dec 2024 | Mar 31 2024 | 31 Mar 2023 | Mar 31 2022 |
| Assets | ₹15.94 Crore | ₹11.73 Crore | ₹6.52 Crore | ₹4.63 Crore |
| Revenue | ₹52.83 Crore | ₹47.88 Crore | ₹26.01 Crore | ₹13.48 Crore |
| Profit After Tax | ₹1.53 Crore | ₹1.45 Crore | ₹0.27 Crore | ₹0.18 Crore |
| Net Worth | ₹5.34 Crore | ₹3.81 Crore | ₹1.1 Crore | ₹0.83 Crore |
| Reserves and Surplus | ₹2.23 Crore | ₹0.7 Crore | ₹1.09 Crore | ₹0.82 Crore |
| Total Borrowing | ₹1.68 Crore | – | ₹0.12 Crore | ₹0.22 Crore |
Key Performance Indicator
| KPI | Values |
| ROE | 59.15% |
| ROCE | 47.47% |
| RoNW | 38.15% |
| PAT Margin | 3.07 |
| Price to Book Value | 7.35 |
NAPS Global India Ltd IPO Objects of the Issue
The objects of the issue for NAPS Global India Limited IPO are as follows:
| Purpose | Amount (₹ Crore) | Percentage of Funds |
| Working Capital Requirements | ₹9.19 Crore | 77.38% |
| General Corporate Purposes | ₹1.69 Crore | 14.22% |
| IPO Expenses | ₹1.00 Crore | 8.40% |
| Total Issue Size | ₹11.88 Crore | 100% |
Key Takeaways:
- Working Capital forms the largest portion (77.38%) of the funds raised, indicating a focus on business expansion and operations.
- General Corporate Purposes (14.22%) may include investments in new opportunities, technology, or infrastructure.
- IPO Expenses (8.40%) cover costs related to regulatory approvals, underwriting, and listing.
Strengths of NAPS Global India Ltd IPO
1) Established Import Network
- Strong sourcing partnerships with manufacturers in China and Hong Kong, ensuring a stable supply of fabrics.
2) Growing Revenue & Profitability
- The company’s FY24 revenue was ₹47.88 crore, up from ₹26.01 crore in FY23. Net profit also increased significantly.
3) Rising Demand for Fabrics
- Growth in India’s textile and apparel sector supports business expansion opportunities.
4) SME IPO Market Interest
- The SME segment has seen strong investor interest, potentially leading to good listing gains.
5) Efficient Supply Chain
- Integrated logistics, including customs clearance, air & sea freight, provide a competitive edge.
Risks of NAPS Global India Ltd IPO
1) Dependence on Imports
- Heavy reliance on foreign suppliers (China & Hong Kong) exposes the company to import restrictions, forex fluctuations, and geopolitical risks.
2) Competitive Industry
- The textile industry is highly competitive, with price fluctuations and margin pressures.
3) Working Capital Intensive
- A large portion of the IPO funds is for working capital, indicating high operational costs.
4) SME IPO Volatility
- SME stocks can have lower liquidity and higher price volatility post-listing.
5) Regulatory Risks
- Changes in import/export policies, GST rates, or textile industry regulations can impact business.
Final Thought:
NAPS Global India Ltd’s IPO has strong revenue growth and a robust supply chain but faces risks like import dependency and SME stock volatility. Would you like insights on IPO valuation and expected listing gains?
NAPS Global India Limited is a Mumbai-based company specializing in the import and wholesale distribution of premium textiles. Established on March 28, 2014, the company sources high-quality cotton and man-made fabrics from manufacturers in China and Hong Kong, supplying them to garment manufacturing vendors across Maharashtra, India.
Corporate Structure:
- Authorized Share Capital: ₹4.75 crore
- Paid-Up Capital: ₹3.11 crore
Directors:
- Pankaj Sunder Jain
- Ronak Mahesh Mistry
- Nikhil Malpani
- Satyanarayan Punglia (appointed as Additional Director on April 1, 2024)
- Company Secretary: Priyanka Marvania
The company has filed its financial statements up to March 31, 2023.
Contact Information:
- Registered Office: Office No. 11, 2nd Floor, 436 Shree Nath Bhuvan, Kalba Devi Road, Mumbai, Maharashtra, 400002, India.
- Phone: 022-49794323
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