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Bhadora Industries IPO vs NAPS Global IPO

Comparison between Bhadora Industries IPO and NAPS Global IPO.

IPO Details

Bhadora Industries IPO is a SME Fixed Price IPO proposed to list at NSE SME while NAPS Global IPO is a SME Fixed Price proposed to list at BSE SME.

 Bhadora Industries IPONAPS Global IPO
LogoBhadora Industries IPO LogoNAPS Global IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersUnistone Capital Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerNNM Securities Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Bhadora Industries IPO is up to ₹52.80 Cr whereas the issue size of the NAPS Global IPO is up to ₹11.23 Cr. The final issue price of Bhadora Industries IPO is ₹103.00 per share and of NAPS Global IPO is ₹90.00 per share.

 Bhadora Industries IPONAPS Global IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹97.00 per share
Issue Price (Upper)₹103.00 per share
Issue Price (Final)₹103.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size51,26,400 shares12,48,000 shares
Fresh Issue Size (Amount)up to ₹52.80 Crup to ₹11.23 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total51,26,400 shares12,48,000 shares
Issue Size Total (Amount)up to ₹52.80 Crup to ₹11.23 Cr

IPO Timetable

Bhadora Industries IPO opens on Aug 04, 2025, while NAPS Global IPO opens on Mar 04, 2025. The closing date of Bhadora Industries IPO and NAPS Global IPO is Aug 06, 2025, and Mar 06, 2025, respectively.

 Bhadora Industries IPONAPS Global IPO
Anchor Bid DateAug 01, 2025
Issue OpenAug 04, 2025Mar 04, 2025
Issue CloseAug 06, 2025Mar 06, 2025
Basis Of Allotment (Tentative)Aug 07, 2025Mar 07, 2025
Initiation of Refunds (Tentative)Aug 08, 2025Mar 10, 2025
Credit of Share (Tentative)Aug 08, 2025Mar 10, 2025
Listing date (Tentative)Aug 11, 2025Mar 11, 2025
Anchor Lockin End date 1Sep 06, 2025
Anchor Lockin End date 2Nov 05, 2025

Financials & KPIs

Bhadora Industries IPO P/E ratio is 12.6, as compared to NAPS Global IPO P/E ratio of 19.27.

 Bhadora Industries IPONAPS Global IPO
FinancialsEBITDA

NAPS Global India Limited Financial Information (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets15.9411.736.524.63
Total Income52.8347.8826.0113.48
Profit After Tax1.531.450.270.18
Net Worth5.343.811.10.83
Reserves and Surplus2.230.71.090.82
Total Borrowing1.680.120.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)92.42100.00
Promoter Shareholding (Post-Issue)65.5970.20
P/E Ratio12.619.27
Market Cap₹191.58 Cr.₹39.87 Cr.
ROE51.51%59.15%
ROCE42.41%47.47%
Debt/Equity0.94
EPS₹8.17₹4.67
RoNW51.51%38.15%

Shares Offered

In the Bhadora Industries IPO Retail Individual Investors (RII) are offered 17,95,200 shares while in NAPS Global IPO retail investors are offered 17,95,200 shares. Qualified Institutional Buyers (QIB) are offered 10,22,400 shares in Bhadora Industries IPO and 0 shares in NAPS Global IPO.

 Bhadora Industries IPONAPS Global IPO
Anchor Investor Reserveration15,31,200 shares0 shares
Market Maker Reserveration2,73,600 shares72,000 shares
QIB10,22,400 shares0 shares
NII7,77,600 shares4,19,200 shares
RII17,95,200 shares8,28,800 shares
Employee0 shares0 shares
Others
Total51,26,400 shares12,48,000 shares

Bids Received (Subscription)

Bhadora Industries IPO subscribed 0.96x in total, whereas NAPS Global IPO subscribed 1.19x.

 Bhadora Industries IPONAPS Global IPO
QIB (times)0.68x
NII (times)1.28x0.78x
Big NII (times)1.18x
Small NII (times)1.49x
RII (times)0.98x1.60x
Employee (times)
Other (times)
Total (times)0.96x1.19x