Investor Buzz: NAPS Global India IPO Hits 36% Subscription on Day 2, Retail Segment Strong at 66%!
On the second day of bidding, March 5, as of 2:30 PM, the initial public offering (IPO) of NAPS Global India had been subscribed 0.36 times. This indicates that investors had placed bids for 4,62,400 shares out of the total 12,48,001 shares available in the offering.
Breaking down the subscription data across different investor categories, the retail investor segment showed a relatively stronger response, with a subscription of 0.66 times. This means that retail investors had bid for approximately two-thirds of the shares allocated to them.
Meanwhile, the non-institutional investor (NII) segment, which includes high-net-worth individuals (HNIs), saw a much lower level of participation, recording a subscription of only 0.05 times. This suggests that demand from this category remained subdued compared to the retail portion.
On the other hand, the qualified institutional buyers (QIB) segment, which typically includes large financial institutions, mutual funds, and foreign investors, had yet to show significant interest, with no substantial bids recorded as of the given time.
With one more day remaining for subscription, market watchers will be keen to see how investor interest unfolds in the remaining bidding period.
NAPS Global India IPO: Subscription Update, Key Details, and Company Overview
IPO Subscription Progress
The initial public offering (IPO) of NAPS Global India had a slow start on its opening day, March 4, garnering an overall subscription of 23%. Investors placed bids for 2,84,800 shares against the total 12,48,001 shares available for allotment, as per data from Chittorgarh.com.
Among the different investor categories, the retail segment showed relatively better participation, with subscriptions reaching 32% of the allocated portion. Meanwhile, the non-institutional investor (NII) category, which includes high-net-worth individuals (HNIs), saw a lower subscription rate of 14%. The overall response on the first day indicated cautious investor sentiment, with participation expected to pick up in the later stages of the bidding process.
Key IPO Details
• Issue Price: The IPO is priced at ₹90 per share.
• Subscription Window: The issue opened for bidding on March 4 and will remain available for investors until March 6.
• Lot Size & Investment Requirement:
• Retail investors must bid for a minimum of 1,600 shares, which translates to an investment of ₹1,44,000 at the issue price.
• High Net-Worth Individuals (HNIs) are required to apply for at least two lots (3,200 shares), requiring a minimum investment of ₹2,88,000.
IPO Timeline & Listing Details
• Share Allotment Date: The allotment of shares is expected to be finalized on March 7.
• Refund & Demat Credit: Investors who do not receive allotment will have their refunds initiated by March 10, while allotted shares will be credited to their demat accounts on the same date.
• Listing on BSE SME Platform: The company’s shares are set to debut on the BSE SME platform on March 11, marking its entry into the stock market.
Objective of the IPO
NAPS Global India Ltd. plans to utilize the proceeds from the IPO for its working capital requirements and other general corporate purposes. The company has appointed Cameo Corporate Services as the registrar for the issue, while Aryaman Financial Services Ltd. is serving as the sole book-running lead manager.
About NAPS Global India Ltd.
NAPS Global India Ltd. operates in the textile industry, focusing on the import and manufacturing of fabrics. The company specializes in cotton, super-soft velvet, and knitted textiles, catering to the needs of the garment manufacturing supply chain in Maharashtra. It primarily supplies fabrics used in men’s shirts and other apparel, making it an essential player in the region’s textile sector.
With its expertise in fabric production and distribution, the company aims to strengthen its market position by expanding its operational capabilities through the capital raised from the IPO.
Financial Performance of NAPS Global India Ltd.
NAPS Global India Ltd. has demonstrated strong financial growth over the past two fiscal years, reflecting an upward trend in both revenue and profitability.
Profit Growth
The company’s profit after tax (PAT) experienced a substantial increase, rising from ₹27 lakh in FY23 to ₹1.45 crore in FY24. This sharp growth indicates an improvement in the company’s earnings, suggesting increased efficiency, higher sales, or better cost management.
Revenue Growth
The company’s total revenue also saw significant expansion. In FY23, NAPS Global India reported a revenue of ₹26.01 crore. By FY24, this figure had nearly doubled to ₹47.88 crore, showcasing a robust growth trajectory.
FY25 Performance (First Nine Months)
For the first nine months of FY25, the company has already surpassed its previous year’s revenue, reporting a total income of ₹52.83 crore. During the same period, PAT stood at ₹1.53 crore, indicating continued profitability.
These figures highlight the company’s strong business momentum, with steady revenue expansion and increasing profits, positioning it for further growth in the future.
