NAPS Global India IPO: Textile importer NAPS Global India's Rs 11.88 crore public issue is going to open on March 4. This will be the first SME IPO of the month of March. It will close on March 6. 13.20 lakh new shares will be issued in it. There will be no offer for sale. Therefore, the income from the IPO will go to the company. The price for bidding is Rs 90 per share and the lot size is 1600.
After the IPO closes, the allotment will be finalized on March 7. The company's shares may be listed on BSE SME on March 11. Mumbai-based NAPS Global imports cotton and man-made fabrics in bulk from manufacturers in China and Hong Kong and supplies them to vendors of garment manufacturing companies in Maharashtra.
How much share is reserved in IPO
The book running lead manager for NAPS Global India IPO is Aryaman Financial Services Limited. Cameo Corporate Services Limited is the registrar of this issue. 50 percent of the IPO is reserved for retail investors. The remaining 50 percent is for other investors. The promoters of the company are Pankaj Jain and Raunak Mistry.
How will the IPO money be used
Out of the money raised from the IPO, NAPS Global India will use Rs 9.19 crore for working capital requirements. Rs 1.69 crore will be used for general corporate purposes and the remaining amount will be used to meet the expenses related to the IPO. The company had a borrowing of Rs 1.68 crore during April-December 2024.
The company's revenue in the financial year 2023-24 was Rs 47.88 crore. At the same time, the net profit was Rs 1.45 crore. In April-December 2024, the revenue was Rs 52.83 crore and the net profit was Rs 1.53 crore.
