NAPS Global India: NAPS Global India shares get listed at 20% Premium!NAPS Global India: NAPS Global India shares get listed at 20% Premium!

NAPS Global India made a strong debut on BSE SME, with its share price opening at ₹108, marking a 20% premium over the issue price of ₹90. The strong start reflects positive market sentiment for the company’s shares.

NAPS Global India IPO received a subscription of 1.19 times on the final day of bidding. The strong demand indicates investor interest in the company’s offerings, with a higher number of shares being requested compared to the available allotments.

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NAPS Global India Limited is a leading wholesale importer of cotton and artificial fabrics from China and Hong Kong, catering to Maharashtra’s garment manufacturers. The company excels in sourcing trendy fabrics, offering competitive pricing, efficient supply chains, and timely delivery. Strong supplier relationships ensure cost minimization and quality assurance.

NAPS Global India Ltd plans to use INR 9.19 crores for working capital in FY 2024-25 and INR 1.69 crores for general corporate purposes, including strategic initiatives, acquisitions, and marketing.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.