Nikita Papers’ IPO was subscribed 1.43 times on the last day. The retail quota was subscribed over 1.84 times, NII was subscribed over 2.11 times, and QIB was subscribed 0.74 times, respectively.
Details About Nikita Papers IPO
Nikita Papers got approval from SEBI for an IPO of around ₹67.54 crores. Nikita Papers IPO is fully of fresh issues of ₹67.54 crores with a face value of ₹10 each. Furthermore, Nikita Papers had a set price band of ₹95 to ₹104 per share.
In the Nikita Papers IPO, 1200 shares were in 1 lot size for the retail minimum and maximum category as well. Moreover, 2400 shares were in 2 lot sizes for the S-HNI category.
To invest in Nikita Papers IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,24,800.
- SHNI (S-HNI): Minimum investment of ₹2,49,600.
Nikita Papers IPO’s Subscription Duration
The opening date of Nikita Papers IPO was on May 27, 2025, and the closing date was on May 29, 2025. The allotment date of Nikita Papers IPO was on May 30, 2025, and the investors will receive a refund on June 2, 2025. Nikita Papers is set to be IPO listing on June 3, 2025.
Nikita Papers IPO funds deployment
The money from the IPO would be used for the company’s issue expenses, setting up of a Power Plant, and working Capital requirements, and the rest of the money will be for general corporate purposes.
About Nikita Papers Company
Nikita Papers Limited is one of the leading companies in terms of making papers and paper-based products. Since it’s 1989, it has indulged in this field and started to become one of the top firms. Their Kraft papers are 100% recycled waste paper and use that for new and smart ideas at every step of the process. They use recycled materials along with eco-friendly methods in their production.
With a wide delivery network, Nikita Papers supplies its products in India and other countries, aiming to offer good quality and reliable service. It has performance and quality.
Their performance and quality are influenced by the facilities and production processes available to them. Depending on the company’s size and area of operation, it may also produce items such as packaging paper, tissue paper, or specialty paper.
Financial Report of the Nikita Papers Company
The company reported revenue of ₹346.78 crores in 2024 against ₹401.31 crores in 2023. The company reported a profit of ₹16.60 crores in 2024 against a profit of ₹8.65 crores in 2023.
