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The initial public offer (IPO) of NAPS Global India received bids for 2,83,200 shares as against 13,20,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday (04 March 2025). The issue was subscribed 0.21 times.
The issue opened for bidding on Tuesday (04 March 2025) and it will close on Thursday (06 March 2025). The price band of the IPO is fixed at Rs 90 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on BSE’s SME platform.
The IPO comprises fresh issue of 13,20,000 equity shares. The promoter and promoter group shareholding will dilute to 70.20% from 100% pre-issue.
About 72,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 12,48,000 equity shares. The issue and the net issue will constitute 29.80% and 28.17%, respectively, of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirements and for general corporate purposes.
NAPS Global India is a wholesale importer of textile products and acts as an established player in the garment manufacturing supply chain in Maharashtra, India. The company primarily imports cotton and man-made fabrics from manufacturers in China and Hong Kong in bulk quantities and provides timely supply to vendors of garment manufacturing companies in Maharashtra, India. As of 31 December 2024, the company had 9 employees.
The company recorded revenue from operations of Rs 52.44 crore and net profit of Rs 1.53 crore for the period as of 31 December 2024.
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