Naps Global India Limited IPO is fully book build issue and total IPO size is ₹11.88 crores. The entire share offering is a fresh issue of 11.88 shares.
The subscription period for the Naps Global India Limited IPO starts on March 04, 2025, and ends on March 06, 2025. The allotment process is expected to be finalized by March 7, 2025.
The Naps Global India Limited IPO is scheduled to list on BSE SME, with a listing date of March 11, 2025. The price band for the Naps Global India Limited IPO is ₹90 per share.
Registrar for this IPO is Cameo Corporate Services Limited and lead managers for Naps Global India Limited IPO are Aryaman Financial Services Limited.
IPO Schedule
| IPO Open Date | Tuesday, 04 Mar, 2025 |
|---|---|
| IPO Close Date | Thursday, 06 Mar, 2025 |
| IPO Allotment Date | Friday, 07 Mar, 2025 |
| Refund Initiation | Monday, 10 Mar, 2025 |
| Share credit in Demat | Monday, 10 Mar, 2025 |
| Listing Date | Tuesday, 11 Feb, 2025 |
Key Details
| Price Band | ₹90 Per Share |
|---|---|
| Lot Size | 1600 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹11.88 Crores |
| Fresh Issue | ₹11.88 Crores |
| Issue Type | Fresh Issue |
| Listing At | BSE SME |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 0% |
| Retail | 50% |
| NII/HNI | 50% |
About NAPS Global India Limited Company
NAPS Global India Limited: Overview
NAPS Global India Limited, established in 2014, is a Mumbai-based wholesale importer of textile products, serving as a key player in the garment manufacturing supply chain. We primarily import cotton and man-made fabrics in bulk from China and Hongkong, supplying vendors of garment manufacturers in Maharashtra. With man-made textiles holding the largest import share (34%), we leverage a strong procurement network to meet demand. Our promoters bring extensive experience from local textile shops to a company with a PAN India supply chain, aiming to become a publicly listed entity with a global presence.
Our expertise lies in understanding customer requirements and procuring fabrics with trendy designs and quality. We operate on a B2B model, offering a one-stop shop with competitive pricing, efficient supply chain management, and timely delivery. Our product range includes cotton, velvet, knitted, and linen fabrics, as well as women's tops, men's shirts & t-shirts, kids wear, and jeans. Key strategies include enhancing fund-based capacities, expanding into new markets, forward integration into garment manufacturing, and strengthening our customer base. We have demonstrated consistent financial performance, with total income reaching ₹ 52.83 crore for the period ended December 31, 2024. Our strengths include long-standing supplier relationships, experienced leadership, and healthy financial performance.
NAPS Global India Limited Financial Details
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15.94 | 11.73 | 6.52 | 4.63 |
| Revenue | 52.44 | 47.31 | 25.89 | 13.34 |
| Profit After Tax | 1.53 | 1.45 | 0.27 | 0.18 |
| Net Worth | 5.34 | 3.81 | 1.10 | 0.83 |
| Reserves and Surplus | 2.23 | 0.70 | 1.09 | 0.82 |
| Total Borrowing | 1.68 | 0.00 | 0.12 | 0.22 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 6.96 | 38.15% | 17.17 | N.A. | 59.15% | 47.47% |
Offer Objectives
This document outlines key details regarding the company's IPO. Pre-issue, promoters held 31,10,000 shares, representing 100% of the capital. Post-issue, their holding remains at 31,10,000 shares but constitutes 70.20% of the increased capital base of 44,30,000 shares.
A minimum of 20% of the post-issue equity share capital, amounting to 9,00,000 shares (Pankaj Jain: 6,54,000 shares, Ronak Mistry: 2,46,000 shares), is locked-in for three years. The entire pre-issue equity share capital will be locked in for one year from the allotment date.
The gross proceeds from the issue are ₹ 11.88 crore, with ₹ 1 crore allocated for issue-related expenses, resulting in net proceeds of ₹ 10.88 crore. These net proceeds are earmarked for funding working capital requirements (₹ 9.19 crore) and general corporate purposes (₹ 1.69 crore), with deployment scheduled for FY 2024-25.
Existing working capital gap as of December 31, 2024 was ₹ 6.93 crore which is projected to increase to ₹ 12.92 crore in fiscal year 2024-25, to be met by IPO funding. General corporate purposes may include strategic initiatives, branding, and acquisitions but shall not exceed 25% of gross proceeds as specified by SEBI guidelines. Issue expenses include management fees (₹ 55 lakhs), brokerage (₹ 24 lakhs), and other expenses totalling ₹ 100 lakhs. No equity shares have been pledged to any person, including banks and financial institutions.
Company Details
Address:
Office No. 11, 2nd Floor, 436 Shree Nath Bhuvan, Kalbadevi Road, Mumbai City, Mumbai, Maharashtra, India, 400002
Phone: 022-49794323
Email: [email protected]
Website: http://www.napsglobalindia.com
IPO Registrar Details
Cameo Corporate Services Limited
Phone: +91 - 44 - 40020700
Email: [email protected]
Website: http://www.cameoindia.com
