NAPS Global India Limited, a Mumbai-based textile importer, made a strong debut on BSE SME on March 12, 2025. The stock opened at ₹108 per share, reflecting a 20% premium over its issue price of ₹90. The company aims to utilize the IPO proceeds of ₹11.88 crore for working capital and corporate purposes. Despite the stock’s strong listing, the grey market premium (GMP) remained at ₹0.
NAPS Global India Limited, a key player in the textile industry, witnessed a robust stock market debut on BSE SME. The company’s share price opened at ₹108, reflecting a 20% rise from its IPO issue price of ₹90 per share.
NAPS Global India, headquartered in Mumbai, Maharashtra, has been a prominent wholesale importer of textile goods for over a decade. It specializes in sourcing cotton and synthetic fabrics in bulk from manufacturers in China and Hong Kong, ensuring a seamless supply chain for garment producers in Maharashtra. The company operates primarily in the business-to-business (B2B) segment.
NAPS Global India IPO Performance and Fund Utilization
The NAPS Global India IPO was open for subscription from March 5 to March 6, 2025. The IPO consisted of a fresh issue of 13,20,000 equity shares, raising ₹11.88 crore, with no offer for sale (OFS) component. The IPO was subscribed 1.19 times on the last bidding day.
The company plans to utilize the net funds raised from the issue for working capital requirements and other corporate purposes. Aryaman Financial Services Limited served as the book-running lead manager, while Cameo Corporate Services Limited was the issue’s registrar. Aryaman Capital Markets Limited acted as the market maker for the IPO.
Stock Market Debut and Performance
NAPS Global India share price opened at ₹108 on March 12, 2025, marking a significant listing gain of 20% over the issue price. Despite the strong market debut, the IPO’s Grey Market Premium (GMP) stood at ₹0, indicating that shares were trading at the issue price in the unofficial market, as per investorgain.com.
Industry Competition and Market Outlook
The company faces competition from listed textile firms like Alstone Textiles (India) Ltd, which has a price-to-earnings (P/E) ratio of 22.67, and Soma Textiles & Industries Ltd, which holds a P/E of 6.27. NAPS Global India’s strong market presence and strategic business model position it well for future growth in the textile sector.
With a strong debut and solid business fundamentals, NAPS Global India is set to leverage its IPO proceeds for expansion, reinforcing its standing in the Indian textile industry.
