IPO Calendar: NAPS Global India IPO Opens March 4, 2025 – Market Outlook & Updates

IPO Calendar: Muted Market Sentiments Limit Offerings to Just 1 This Week

Current Market Sentiment

Despite the overall bullish long-term outlook, the primary market remains quiet due to bearish momentum in the secondary market. Only one SME IPO is scheduled to open next week, while four SME listings will hit the exchanges.

Looking ahead, analysts expect around 1,000 IPOs to launch over the next two years. Major names like Zepto, LG India, and Reliance Jio are among the companies preparing to go public.

Upcoming IPO This Week

NAPS Global India IPO

• Issue Opens: March 4, 2025
• Price Band: ₹90 per share
• Issue Size: 13.2 lakh equity shares (Fresh Issue, No OFS)
• Retail Quota: 50%
• Non-Retail Quota: 50%
• Use of Proceeds: Working capital & corporate purposes
• Industry: Textile Import & Garment Manufacturing

Company Overview: NAPS Global India is a wholesale importer of textile products, supplying raw materials to garment manufacturers in Maharashtra, India. The company primarily imports cotton and man-made fabrics from China and Hong Kong, playing a crucial role in the supply chain.

Market Trends in Textile Imports

During April-October FY 2025, the total textile imports in India stood at $5,425 million, with the man-made textiles category accounting for 34% ($1,859 million).

Due to a demand-supply gap in the sector, NAPS Global India has built a strong procurement network in China and Hong Kong, positioning itself as a key supplier to manufacturers requiring bulk textile imports.

Other IPO Developments

Excelsoft Technologies Files DRHP for ₹700 Crore IPO

Software-as-a-Service (SaaS) company Excelsoft Technologies has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an upcoming ₹700 crore IPO. More details are expected soon.

IPO Lead Managers & Listing Details

The Aryaman Financial Services is the Book Running Lead Manager (BRLM) for the NAPS Global India IPO, while Cameo Corporate Services is handling the registrar duties. The shares will be listed on the NSE SME platform.

Conclusion

While IPO activity remains slow due to market volatility, long-term prospects remain strong with several major IPOs in the pipeline. Investors should stay informed about upcoming public offers and secondary market trends.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a financial expert before making investment decisions.

Read More

Subscribed 4.98x, GMP & Details

Voler Car IPO Subscribed Over 4 Times on Day 3: Check GMP, Price Band, and Other Details

The SME initial public offering (IPO) of Voler Car concluded on Friday, February 14, with significant investor interest. The IPO was subscribed 4.98 times overall by 10:50 AM on the final day of bidding.

Check latest IPO every week updated in our main website

Subscription Details

Here's a breakdown of the subscription status:

• Overall Subscription: 4.98 times
• Retail Portion: Subscribed 6.1 times
• Non-Institutional Investors (NII): Subscribed 4.28 times
• Qualified Institutional Buyers (QIB): Subscribed 3.51 times

Voler Car IPO GMP on Day 3

Ahead of its listing, the company's shares were trading with a Grey Market Premium (GMP) of Rs 9 in the unlisted market on Friday. This indicates a premium of 10% over the upper end of the IPO price band of Rs 90.

Allotment and Listing Dates

Key dates for investors to note:

• Share Allotment Finalisation: February 17
• Listing on NSE SME Platform: February 19

Price Band

The IPO was priced in the range of Rs 85-90 per share. Investors could bid for a minimum of 1600 shares in one lot and in multiples thereafter.

About Voler Car

Voler Car provides employee transportation services (ETS) to IT/ITeS companies, large corporations, and MNCs in major Indian cities.

Core Services Include:

• Comprehensive home-to-office-to-home transportation
• 24/7 customer service
• Dedicated location teams
• Verified vehicles and chauffeur-drivers

Key Operational Details:

• Manages a pooled fleet of over 2,500 vehicles
• Completed 3,23,550 trips in fiscal year 2023-24
• Averages over 884 trips per day

Asset-Light Model

Voler Car operates largely on an asset-light model, sourcing the majority of its vehicles from vendors rather than owning them. This strategy optimizes revenue through seat usage and employee mobility.

Financial Performance

For the period ended September 2024, the company reported:

• Revenues of Rs 21 crore
• Profit after tax of Rs 2.48 crore

Book Running Lead Manager and Registrar

• Book Running Lead Manager: GYR Capital Advisors
• Registrar: Kfin Technologies

Voler Car's successful IPO subscription reflects investor confidence in its business model and growth potential.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More

Voler Car IPO: Subscribed 2x on Day 2, GMP & Details

Voler Car IPO Subscribed Over 2 Times on Day 2: Check GMP, Price Band, and Details

The SME initial public offering (IPO) of Voler Car has garnered significant interest, being fully subscribed 2.54 times by the end of Day 2. The IPO, which opened for public bidding on February 12, aims to raise Rs 27 crore.

Subscription Status

As of 12:50 PM on Thursday, February 13:

• Overall Subscription: 2.54 times
• Retail Portion: Subscribed 2.81 times
• Non-Institutional Investors (NII): Subscribed 60%
• Qualified Institutional Buyers (QIB): Subscribed 3.51 times

Voler Car IPO GMP (Day 2)

Ahead of listing, the company's shares were trading with a Grey Market Premium (GMP) of Rs 11 on Thursday. This indicates a premium of 12.2% over the upper end of the IPO price band of Rs 90.

Allotment and Listing Dates

• Share Allotment: February 17
• Listing Date: February 19 (on the NSE SME platform)

Voler Car IPO Price Band

The IPO is priced in the range of Rs 85-90 per share. Investors can bid for a minimum of 1600 shares in one lot and in multiples thereafter.

About Voler Car

Voler Car is primarily engaged in providing employee transportation services (ETS) to IT/ITeS, large corporates, and MNCs across major cities in India.

Key Features of Voler Car's Services:

• Comprehensive home-to-office-to-home transportation
• 24/7 customer service
• Dedicated location teams
• Fleet of verified vehicles and chauffeur-drivers

The company manages a pooled fleet of over 2,500 vehicles, including cars, sedans, SUVs, electric vehicles, buses, and tempo travelers. In fiscal year 2023-24, it completed 3,23,550 trips, averaging over 884 trips per day.

Asset-Light Model

Voler Car operates largely on an asset-light model, where the majority of vehicles are sourced from vendors rather than owned. This strategy allows the company to maximize revenue by optimizing seat usage and enhancing overall employee mobility.

Financial Performance

For the period ended September 2024, the company reported revenues of Rs 21 crore and a profit after tax of Rs 2.48 crore.

Lead Managers and Registrar

• Book-Running Lead Manager: GYR Capital Advisors
• Registrar: Kfin Technologies

With the IPO closing on February 14, potential investors should consider these details before making a decision.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More

GB Logistics Sets SME IPO Price Band at ₹95-102 Per Share

SME IPO Details

GB Logistics Commerce Ltd has announced the price band for its upcoming initial public offering (IPO) at ₹95-102 per equity share. The ₹25.07 crore IPO will open on January 24 and conclude on January 28. The company’s shares will be listed on the BSE SME platform, according to a statement released by the company on Tuesday.

IPO Structure and Size

Investors can bid for a minimum of 1,200 shares and in multiples thereof. The public issue is entirely a fresh issue of up to 24.57 lakh equity shares at a face value of ₹10 each. At the upper end of the price band, the company aims to raise up to ₹25.07 crore from the IPO.

Utilization of Proceeds

The net proceeds from the issue will be used for several purposes, including: repayment of debt, meeting working capital requirements, expenditure towards the purchase of truck chassis and truck bodies, and for general corporate purposes. Prashant N Lakhani, Managing Director of GB Logistics Commerce Ltd, said that this IPO will support plans to expand operations, increase market presence, and reinforce the company’s corporate identity.

About GB Logistics Commerce

GB Logistics Commerce operates in the logistics sector, providing a wide range of solutions such as regular full-truckload transportation, special handling, multi-level deliveries, and out-of-delivery-area shipments. In FY24, the company reported a consolidated revenue of ₹115.62 crore and a profit after tax of ₹4.86 crore. SKI Capital Services is the sole book-running lead manager, and Maashitla Securities Pvt Ltd is the registrar to the public issue.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More