Nikita Papers Ltd, a leading Kraft paper manufacturer, is set to launch its initial public offering (IPO) on May 27, 2025, with a price band of ₹95-104 per share. The IPO will remain open for subscription until May 29, and the shares will be listed on the NSE SME platform, Emerge.
IPO Details and Fund Utilization
The IPO consists of a fresh issue of 64.94 lakh equity shares, aiming to raise ₹67.5 crore. The net proceeds will be utilized for:
- Setting up a biomass power plant to enhance energy efficiency.
- Meeting working capital requirements to support business expansion.
- General corporate purposes and issue expenses.
Company Overview and Market Position
Founded in 1989, Shamli, Uttar Pradesh-based Nikita Papers specializes in manufacturing Kraft paper for industrial, commercial, and printing applications. The company reported ₹338.60 crore in revenue and a profit after tax of ₹16.60 crore in FY24.
Investor Information
Investors can bid for a minimum of 1,200 equity shares, with allocations for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The book-running lead manager for the issue is Fast Track Finsec, and Skyline Financial Services is the registrar.
