NAPS Global India, a prominent wholesale importer of textiles, has launched its Initial Public Offering (IPO), presenting investors with a chance to participate in its growth story. The IPO is open for subscription from March 4 to March 6, 2025, offering 1.32 million equity shares at a price of ₹90 per share.

Key Details of the NAPS Global India IPO:

Price Band: Each share is priced at ₹90.​

Lot Size: Investors must bid for a minimum of 1,600 shares, equating to an investment of ₹144,000 per lot.

Company Overview:

Established in March 2014, NAPS Global India specializes in importing and supplying various fabrics, including cotton, velvet, and knitted materials. Operating primarily on a business-to-business model, the company sources products from suppliers in China and Hong Kong to cater to garment manufacturers across India. ​

Use of IPO Proceeds:

The funds raised through the IPO are intended to:​

Working Capital: Approximately ₹9.19 crore (84.47% of the proceeds) will be allocated to meet the company's working capital requirements. 

General Corporate Purposes: Around ₹1.69 crore (15.53% of the proceeds) is earmarked for general corporate expenses. 

Investor Considerations:

Financial Performance: For the nine months ending December 2024, NAPS Global India reported a total income of ₹21 crore and a profit after tax of ₹1.5 crore.

Debt Levels: As of January 2025, the company's total borrowings stood at ₹13.82 crore, which may be a consideration for potential investors. 

Grey Market Premium (GMP): Currently, the shares are trading at par in the grey market, indicating no premium over the issue price. ​

Subscription Status:

On the first day of the IPO, the subscription reached 6%, with retail investors accounting for 11% and non-institutional investors at 1%. Qualified institutional buyers have yet to place bids. ​

How to Invest:

Interested investors can apply for the NAPS Global India IPO through various brokerage platforms or by submitting an application via their bank's ASBA (Application Supported by Blocked Amount) facility.​