NAPS International India IPO: Public concern of textile importer will open on March 4, 13.20 lakh new shares will likely be launched – INA NEWS

NAPS International India IPO: Textile importer NAPS International India’s public concern of Rs 11.88 crore goes to open on March 4. This would be the first SME IPO of the month of March. Its closing will likely be on 6 March. 13.20 lakh new shares will likely be issued on this. There will likely be no provide on the market. Subsequently, the revenue obtained from IPO will go to the corporate. The worth for bidding is Rs 90 per share and lot measurement is 1600.

The allotment will likely be finalized on 7 March after the IPO is closed. The corporate’s shares may be listed on BSE SM on March 11. Mumbai -based NAPS International Cotton and Man Made Materials imports from China and Hong Kong producers to bulk and provides the distributors of corporations making clothes in Maharashtra.

How a lot share in IPO

NAPS International India is the ebook working lead supervisor Aryaman Monetary Companies Restricted for IPO. On the similar time, Cameo Company Companies Restricted is the Registrar of this concern. 50 % of the IPO is reserved for retail buyers. The remaining 50 % is for different buyers. The corporate’s promoters are Pankaj Jain and Raunak Mistry.

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The way to use IPO cash

NAPS International India will use Rs 9.19 crore out of the cash obtained from IPO. 1.69 crore rupees will likely be used for normal company functions and the remaining cash will likely be used to make up for the prices associated to IPO. The corporate had a borrowing of Rs 1.68 crore throughout April-December 2024.

The corporate’s income was Rs 47.88 crore in FY 2023-24. On the similar time, web revenue was Rs 1.45 crore. Income in April-December 2024 was Rs 52.83 crore and web revenue was Rs 1.53 crore.

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