NAPS Global India IPO fully subscribed on final day: Here’s how to check allotment status on BSE, Cameo Corporate Services

Textiles importer NAPS Global India is expected to finalise the IPO share allotment status on March 7 after the successful close of its initial public offering (IPO). The BSE SME issue finally managed to get fully subscribed on Thursday, the last day of bidding, after two days of muted investor response.

The ₹11.88-crore public offer was subscribed 1.24 times overall on Day 3, with bids for 15.53 lakh shares against 12.48 lakh shares on offer.

The retail portion of the IPO was booked 1.59 times, with applications for over 9.96 lakh shares against 6.24 lakh shares on offer. However, the Non-Institutional Investors (NIIs) category remained undersubscribed. The NIIs booked only 89% of their allocation of 6.24 lakh shares, with bids for 5.56 lakh shares.

After the successful subscription, Mumbai-based NAPS Global is likely to finalise the IPO share allotment status on Friday. Investors can easily track the allotment status on the BSE and the website of the IPO registrar Cameo Corporate Services Ltd.

How to check NAPS Global India IPO share allotment status on registrar’s website

• Open the website of Cameo Corporate Services Limited (https://cambridge.cameoindia.com/)
• Click on ‘Useful Links’ on the main menu and select IPO status
• On the new page, click any of the ‘Links’ out of three options
• Choose NAPS Global India Ltd from the Dropdown list (Name will appear after finalisation of the allotment status)
• Enter any of these— PAN, Application Number And DP ID
• Complete Captcha verification
• Click ‘Submit’ to check status

Steps to check status on the BSE

• Open BSE website (https://www.bseindia.com)
• Click on public issues
• Hit the issue of the status of application link on the right column
• On the new page choose ‘equity’ from the two options
• Select NAPS Global India Ltd from the list
• Enter PAN details or application number
• Click on the ‘I am not a robot’ checkbox
• Click on the ‘Search’ button

NAPS Global India Ltd IPO Details

• NAPS Global India IPO comprised entirely a fresh issue of 13.2 lakh shares.
• NAPS Global India IPO was open for subscription from March 4 to March 6.
• The IPO price was fixed at ₹90 per share.
• The lot size is 1,600 shares, requiring an investment of ₹1,44,000 (₹90 x 1,600) for retail investors.
• The company will credit shares to the Demat accounts on March 7 and refunds will be issued on the same day.
• The tentative listing date for NAPS Global India IPO is March 11.
• Shares of the company will be listed on the BSE SME platform.

About NAPS Global India and IPO Objects

NAPS Global India Ltd is a wholesale importer of textile products. The company imports bulk textile products from manufacturers in China and Hong Kong and supplies them to customers in Maharashtra. The imported products comprise knitted fabrics, cotton fabrics, man-made textiles, super-soft velvet fabrics and linen fabrics. Promoters currently hold a 100% stake in the company, which will decrease to 70.2% after the issue.

According to NAPS Global India RHP, the company will use ₹9.19 crore of IPO proceeds to fund working capital requirements. The company has decided to venture into a forward integration program and intends to sell custom-made garments in addition to the fabric business. The company will procure fabric and send it to outsourced garment manufacturers to deliver custom-made garments. It will use ₹1.69 crore of IPO proceeds for general corporate purposes.

NAPS Global India Ltd Financials

NAPS Global India reported a profit after tax of ₹1.53 crore for the April-December period of FY 2024-25. Its revenue stood at ₹52.44 crore during the period.

The company reported a multifold jump in profit after tax (PAT) to ₹1.45 crore in 2023-24 compared to ₹27 lakh in the previous fiscal.

Its revenue from operations rose 84% year-on-year to ₹47.88 crore in FY 2023-24 as against ₹26.01 crore in FY 2022-23.

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