NAPS Global IPO subscribed 1.19 times on the last day, a retail quota was subscribed over 1.6 times, NII was subscribed over 0.78 times, and QIB was 0.00 times respectively.
Details About NAPS Global IPO
NAPS Global got approval from SEBI for an IPO of around ₹11.88 crores. NAPS Global IPO is fully a fresh issue of ₹11.88 crores with a face value of Rs 10 each. Further, NAPS Global had a set price band between ₹94 Per Share.
In NAPS Global IPO, 1,600 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 3200 shares were in 2 lot sizes for the S-HNI category.
To invest in NAPS Global IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,44,000.
- SHNI (S-HNI): Minimum investment of ₹2,88,000.
NAPS Global IPO’s Subscription Duration
NAPS Global IPO was started on March 4, 2025, and closed on March 6th, 2025. The NAPS Global IPO’s allotment date was March 7, 2025, and they received a refund on March 10, 2025. In contrast, NAPS Global’s listing date is scheduled for March 11, 2025.
NAPS Global IPO funds deployment
- The proceeds will be used for the company’s working capital requirements.
- The remaining funds will be used for general corporate purposes.
About NAPS Global Company
One of the growing companies having 10+ years of experience in the textile industry, NAPS Global, incorporated in March 2014, is a Mumbai-based company engaged in the business of manufacturing and supply chain of wholesale textile and garment products in Maharashtra. The company portfolio comprises a wide range of products under fabrics and garments, such as Cotton Fabrics, Super-soft Velvet Fabrics, Knitted Fabrics, Man-made, Linen Fabrics, Women Tops, Men Shirts & T-Shirts, Kids Wear Jeans. NAPS Global imports high-quality fabrics in large quantity from China and Hong Kong. They follow the customer’s needs and their unique demand and provide fabrics with fashionable color combinations, designs, materials, and high quality. It also implements a standardized procurement system that uses purchase orders to ensure flexibility and competitive pricing, while consistently researching the best sources for quality and cost-efficiency.
Financial Resort of the NAPS Global Company
The company reported revenue of ₹47.88 crores in 2024 against ₹26.01 crore in 2023. The company reported profit of ₹1.45 crores in 2024 against profit of ₹0.27 crores in 2023.
