Despite the lull in the primary market currently, analysts expect the long-term outlook to be still positive. As many as 1,000 are likely to hit the markets in the next two years. Marquee names like Zepto, LG India, and Reliance Jio are working to take their companies public.
Here’s what to look forward to on IPO front next week
NAPS Global India IPO
The IPO of NAPS Global India will open for public subscription on March 4. The company fixed a price band of Rs 90 per share. The public offer consists solely of a fresh equity sale of 13.2 lakh equity shares by existing shareholders, with no OFS component.In the public offer, about 50% is reserved for retail investors and the rest 50% for non-retail investors. Net proceeds from the IPO will be used for funding working capital requirements and general corporate purposes.The company is a wholesale importer of textile products and acts as an established player in the garment manufacturing supply chain in Maharashtra, India.
It primarily imports cotton and man-made fabrics from manufacturers in China and Hongkong in bulk quantities and provide timely supply to vendors of garment manufacturing companies in Maharashtra, India.
The Man-made Textiles category with imports of $1859 mn has the largest share (34%) in the total imports ($5,425 mn) during the period of April-October of FY 2025.
As there is a demand-supply gap in this sector, and the company has been able to develop a strong procurement network in China and Hongkong and hence is in a unique position to be a sought-after supplier to manufacturers and their vendors who require man-made and cotton fabrics for their downstream processes.
Aryaman Financial Services is the book-running lead manager of the HP Telecom India IPO, while Cameo Corporate Services is the registrar. The shares will be listed on the NSE SME platform.
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