Latest news with #FastTrackFinsec
Economic Times
27-05-2025
- Business
- Economic Times
Nikita Papers IPO opens today: GMP, price band among key things to know
The initial public offering of Nikita Papers opened for subscription on May 27 and will close on May 29. The company is looking to raise Rs 67.54 crore through a fresh issue of 64.94 lakh equity shares. The issue is being managed by Fast Track Finsec, with Skyline Financial Services as the registrar. ADVERTISEMENT The price band for the issue is fixed between Rs 95 and Rs 104 per share, and the IPO will list on the NSE SME platform. The allotment is expected to be finalised on May 30, and the stock is likely to be listed on June 3. Retail investors must apply for a minimum of 1,200 shares, which translates to an investment of Rs 1,24,800 at the upper price band. High-net-worth investors can apply for a minimum of two lots or 2,400 shares, requiring Rs 2,49,600. Despite strong financial performance in recent years, the grey market premium for Nikita Papers IPO stands at zero, indicating a neutral sentiment ahead of listing. The response during the subscription period will be closely watched to gauge real investor Papers, incorporated in 1989, is engaged in the manufacturing of paper and paper products, including kraft paper used in packaging, wrapping, and industrial applications. The company uses recycled materials and caters to both domestic and international markets. It has 208 employees and has recently expanded into fluting the nine months ended December 2024, the company reported a profit of Rs 15.68 crore on revenue of Rs 272.38 crore. For the full year FY24, it posted a profit of Rs 16.60 crore. Its return on equity stood at 21.45 percent, and its post-issue price-to-earnings ratio is 12.27. ADVERTISEMENT The company plans to use the IPO proceeds to fund a new power plant, meet working capital needs, and cover general corporate expenses. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-05-2025
- Business
- Time of India
Nikita Papers IPO opens today: GMP, price band among key things to know
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering of Nikita Papers opened for subscription on May 27 and will close on May 29. The company is looking to raise Rs 67.54 crore through a fresh issue of 64.94 lakh equity shares. The issue is being managed by Fast Track Finsec, with Skyline Financial Services as the price band for the issue is fixed between Rs 95 and Rs 104 per share, and the IPO will list on the NSE SME platform. The allotment is expected to be finalised on May 30, and the stock is likely to be listed on June investors must apply for a minimum of 1,200 shares, which translates to an investment of Rs 1,24,800 at the upper price band. High-net-worth investors can apply for a minimum of two lots or 2,400 shares, requiring Rs 2,49, strong financial performance in recent years, the grey market premium for Nikita Papers IPO stands at zero, indicating a neutral sentiment ahead of listing. The response during the subscription period will be closely watched to gauge real investor Papers, incorporated in 1989, is engaged in the manufacturing of paper and paper products, including kraft paper used in packaging, wrapping, and industrial applications. The company uses recycled materials and caters to both domestic and international markets. It has 208 employees and has recently expanded into fluting the nine months ended December 2024, the company reported a profit of Rs 15.68 crore on revenue of Rs 272.38 crore. For the full year FY24, it posted a profit of Rs 16.60 crore. Its return on equity stood at 21.45 percent, and its post-issue price-to-earnings ratio is company plans to use the IPO proceeds to fund a new power plant, meet working capital needs, and cover general corporate expenses.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
