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NAPS Global India IPO
NAPS Global India Ltd
₹1,44,000 /1600 sharesMinimum Investment
NAPS Global India IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹90.00 | ₹108.00 | ₹18.00 (20.00%) |
NAPS Global India IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 4 Mar ‘25 - 6 Mar ‘25 | ₹1,44,000 | 1,600 | ₹90 - ₹90 |
| Issue Size | IPO Doc |
|---|---|
| 11.88Cr | RHP PDF |
Subscription rate
As of 06 Mar'25, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.89x |
| Retail Individual Investor | 1.54x |
| Total | 1.15x |
About NAPS Global India
Founded in
2014
Managing director
Mr Pankaj Jain
Parent organisation
NAPS Global India Ltd
Strengths & Financials of NAPS Global India
Strengths
Risks
NAPS Global India has built long-standing relationships with international suppliers, particularly in China and Hong Kong. The company claims to operate a standardised procurement system that ensures competitive pricing and a steady supply of cotton and man-made fabrics.
The company claims to operate with an asset-light approach, relying on a central registered office in Mumbai and a warehouse in Bhiwandi, Thane, instead of multiple retail outlets.
NAPS Global India benefits from the demand-supply gap in the man-made textiles sector, where imports stood at $1,859 million during April-October 2024. The company claims to be strategically positioned as a key supplier to manufacturers and vendors requiring bulk fabric imports.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 13.34 crore in FY22 to Rs 25.89 crore in FY23 to Rs 47.31 crore in FY24, while PAT increased from Rs 0.18 crore in FY22 to Rs 0.27 crore in FY23 to Rs 1.45 crore in FY24.
The company derives a significant portion of its revenue from fabric sales, contributing Rs 42.60 crore (81.23%), Rs 44.08 crore (93.17%), Rs 25.89 crore (99.99%), and Rs 13.34 crore (100%) in the period ended December 31, 2024, FY24, FY23, and FY22, respectively. Any adverse change in the demand for fabrics can negatively impact the company's revenue and financial condition.
The company's top 10 customers contributed Rs 38.13 crore (72.72%), Rs 37.29 crore (78.81%), Rs 21.53 crore (83.16%), and Rs 12.45 crore (93.27%) to the order book in the period ended December 31, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or lose business from these clients can adversely affect the company’s business and finances.
The top 10 suppliers accounted for 98.83% of total purchases for the period ending December 31, 2024, 91.82% in FY24, 84.16% in FY23, and 99.81% in FY22. Any failure to retain key suppliers or delay in raw material supply from key vendors can negatively impact the company's operations.
The company’s operations are concentrated in Maharashtra, which contributed Rs 37.90 crore (72.27%), Rs 45.17 crore (95.48%), Rs 22.07 crore (85.23%), and Rs 10.95 crore (82.09%) to its revenue for the periods ended December 31, 2024, FY24, FY23, and FY22, respectively. Any adverse political, economic, or social developments in Maharashtra can negatively impact the company’s business.
The company reported a net cash outflow from operating activities of Rs 4.44 crore in the period ending December 31, 2024, and Rs 0.39 crore in FY24. Any continued negative cash flows from operations can impact the company's ability to meet financial obligations.
The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in these cases could harm the company’s business prospects.
The company imports raw materials. Import purchases amounted to Rs 40.56 crore (80.06%), Rs 35.85 crore (79.58%), Rs 17.44 crore (70.18%), and Rs 6.59 crore (54.80%) in the period ending December 31, 2024, FY24, FY23, and FY22, respectively. Any fluctuations in foreign exchange rates can adversely affect the company's cost structure and profitability.
The company has previously delayed GST and TDS payments, incurring interest and penalties. Any further delays in tax payments or statutory dues can result in penalties, affecting the company’s financial position.
As of December 31, 2024, the company had outstanding financial indebtedness of Rs 1.68 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
NAPS Global India Financials
*All values are in Rs. Cr
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Application Details of NAPS Global India IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹90 - 90 | ₹2 - 5 Lakh |
| High Networth Individual | ₹90 - 90 | ₹2 - 5 Lakh |
For NAPS Global India IPO, eligible investors can apply as Regular.