NAPS Global India Limited is a leading wholesale importer of textiles, primarily cotton and man-made fabrics from China and Hong Kong. The company supplies these fabrics to garment manufacturers in Maharashtra, playing a crucial role in India’s textile industry. NAPS Global India’s IPO aims to raise ₹11.88 crore, primarily for working capital and corporate purposes. The company has established a strong procurement network and a robust B2B model, contributing to its success.
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Expert Opinions
The market sentiment for NAPS Global India IPO is cautious, reflecting broader market volatility and economic uncertainties. The company’s strengths include its robust procurement network and strategic position as a key supplier of textiles in Maharashtra. However, risks such as dependence on imports from China and Hong Kong, and intense competition in the textile sector pose significant challenges.
In FY 2024, NAPS Global India reported a Return on Net Worth (RoNW) of 38.15%, indicating strong financial health. The Return on Equity (ROE) is 59.15% and Return on Capital Employed (ROCE) is 47.47%. From a long-term perspective, the company’s growth potential is promising due to its strong B2B model and increasing demand for textiles. However, investors should be cautious about geopolitical and market risks that could impact the company’s performance.
Investor Considerations
When considering the NAPS Global India IPO, investors should evaluate the company’s performance and fundamentals, which show significant revenue growth from ₹25.89 crore in FY23 to ₹47.31 crore in FY24, along with a substantial increase in PAT. The sector outlook is promising due to growing demand for textiles. In FY24, the IPO valuation indicates a Price to Book Value of approximately 7.35, a PAT Margin of about 3.07%, and a P/E Ratio of 12.93.
Growth prospects are enhanced by its asset-light model and strong supplier relationships. However, risks include supplier dependency, market fluctuations, and competition from established players. For investment, a long-term horizon is advisable to capitalize on potential growth in the textile sector, as short-term gains may be uncertain due to market volatility and competitive pressures.
| Date | GMP | Trend |
|---|---|---|
| 10 Mar 2025 10.59 | ₹00 | --- |
| 09 Mar 2025 11.56 | ₹00 | --- |
| 08 Mar 2025 11.02 | ₹00 | --- |
| 07 Mar 2025 10.49 | ₹00 | --- |
| 06 Mar 2025 10.49 | ₹00 | --- |
| 05 Mar 2025 13.11 | ₹00 | --- |
| 04 Mar 2025 16.11 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting NAPS Global India’s listing performance. While the GMP of ₹0 suggested a flat listing at the issue price, the stock delivered a significant gain of 20%. With a substantial prediction error of 20%, the GMP completely failed to anticipate the strong positive market sentiment and listing gains, demonstrating its unreliability as a price predictor in this case.
NAPS Global India IPO Current GMP is ₹00.
NAPS Global India IPO Expected Returns is 0.00%.
NAPS Global India IPO estimated listing price is ₹90.