NAPS Global India IPO: Date, Price, GMP and More

NAPS Global India IPO-Complete Overview

NAPS Global India IPO under the SME IPO category is a fixed issue of Rs.11.88 Cr (13.20 lac Shares) by NAPS Global India Limited, which was incorporated in March 2014. The company maintains its primary base in Maharashtra, India, where it manufactures garments. The company has been operating as a wholesale importer of textiles.

Some of the products the company offers in fabrics and garments are as follows:

• Cotton Fabrics

• Super-soft Velvet Fabrics

• Knit Fabrics

• Man-Made Fabrics

• Linen Fabrics

• Women’s Tops

• Shirts and T-Shirts for Men

• Children's Jeans

The company has an established supplier network across India, Hong Kong, and China.

The company understands its clients and provides the latest styles, designs, and color combinations, which are mostly offered on a business-to-business basis. They provide sourcing and distribution of fabric imports to India’s garment manufacturers.

NAPS Global India Limited IPO Overview

This new SME IPO comprises an entirely fresh issue of 13.20 lac Shares (Rs.11.88 Cr). The NAPS Global India Limited IPO date is from 04 Mar to 06 Mar 2025.

This upcoming IPO, i.e. the NAPS Global India IPO Price is Rs.90 per Share. The listing date is 11 Mar 2025 at BSE and SME.

The GMP of current IPOs can be viewed on our Live IPO GMP page, where you can get the current SME IPO GMP of all open IPOs.

Click to open a Demat account and apply for the IPO.

Company Financial

(Amount in Cr)

 

Cash Flows

The cash flows for various activities are mentioned below:

(Amount in lac)

 

State-wise Revenue Breakdown 

(Amount in lac)

 

Product-wise Revenue Breakdown 

(Amount in lac)

(Source: RHP)

 

The Objective of The Issue

• To fulfill the requirements for working capital.

• General corporate purposes.
  
  

Peers of NAPS Global India Ltd.

 

Evaluation

The IPO price is Rs.90 for each Share.

Evaluation of the P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.6.96 from the last year, the resulting P/E ratio is 12.93x.

Considering the weighted EPS of Rs.4.08 for the last three years, the P/E ratio is 22.05x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 14.47x.

In simple words, the P/E ratio of this IPO (12.93x), compared with the industry’s average P/E of 14.47x, has an undervaluation (on a P/E ratio basis only). Hence the price of the Share seems fully priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• Effective financial positioning.

• Established relationships with suppliers.

• Highly experienced coaches and leaders.

 

IPO’s Weaknesses

• Fabric sales account for a large share of the company’s revenue. A drop in demand can adversely affect the business.

• Business operations and financial standing may be adversely affected by new laws, regulatory changes, etc, particularly those about corporate governance and taxation.

• Global recessions, inflation, and geopolitical unrest can all limit consumer spending and undermine investor confidence.
  
  

NAPS Global India IPO GMP 

NAPS Global India IPO GMP has not started yet as of 27 Feb 2025.

IPO Timetable (Tentative)

The NAPS Global India IPO date is 04 Mar with tentative allotment on 07 Mar, refund initiation on 10 Mar, and listing on 11 Mar 2025.

 

NAPS Global India IPO Details 

The IPO with a Face Value of Rs.10 per share, offers a total issue size of 13,20,000 Shares (Rs.11.88 Cr).

 

NAPS Global India IPO Lot Details 

The NAPS Global India IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.144000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.288000.

 

IPO Reservation (% of Net Issue)

 

 

Promoters And Management of NAPS Global India Ltd.

• Pankaj Jain

• Ronak Mistry.
  
  

 

IPO Lead Managers

Aryaman Financial Services Limited.

Dividend Policy

The company has not paid a dividend in the last three fiscals.

 

Conclusion

Investors have an opportunity in the textile and garment business through NAPS Global India IPO, which comes with an established supplier network sprinkled with strong financials. The IPO is based on the company's P/E ratio, which seems to be fairly valued. Although the company has extensive financial resources and good supplier relationships, it is prone to risks related to fabric sales and regulations. Market conditions and the overall business risks need to be considered before applying.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

DISCLAIMER: This is NOT a buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always discuss with an eligible financial advisor before investing.

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