Latest news with #NikitaPapers'
Business Standard
3 days ago
- Business
- Business Standard
NSE SME Nikita Papers crumples on debut
Shares of Nikita Papers were trading at Rs 85.50 on the NSE, a discount of 17.79% compared with the issue price of Rs 104. The scrip was listed at Rs 90, a discount of 13.46% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 92 and a low of Rs 85.50. About 4.06 lakh shares of the company changed hands at the counter. Nikita Papers' IPO was subscribed 1.40 times. The issue opened for bidding on 27 May 2025 and it closed on 29 May 2025. The price band of the IPO was set at Rs 95 to Rs 104 per share. The IPO comprised fresh issue of 64,94,400 equity shares. The promoter and promoter group shareholding diluted to 59.219% from 80.38% pre-issue. The company intends to utilize the net proceeds to meet capital expenditure for setting up a power plant, working capital requirements, issue expenses, and general corporate purposes. Ahead of the Nikita Papers on 26 May 2025, raised Rs 9.03 crore from anchor investors. The board has allotted 8.68 lakh shares at Rs 104 per share to 4 anchor investors. Nikita Papers is a leading manufacturer of Kraft paper with an installed capacity of approximately 1,33,000 MTPA. The company produces Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) grades, catering to diverse customer needs across the paper industry. As on 09 May 2025, the company had 208 employees. The company recorded revenue from operations of Rs 265.14 crore and net profit of Rs 15.68 crore for the period ended 31 December 2024.
Time of India
29-05-2025
- Business
- Time of India
Nikita Papers IPO subscribed 1.4 times on Day 3. Check GMP, price band and key issue details
Nikita Papers' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.43 times as of 6:30 PM on Thursday, May 29. Non-institutional investors (NIIs) led the subscriptions, bidding 2.11 times their allocated quota. Retail investors followed with a subscription of 1.84 times, while qualified institutional buyers (QIBs) subscribed 74% of their share. The Rs 67.54 crore issue will close on May 29, and listing is expected on the NSE SME platform on June 3. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo GMP nil According to market sources, the grey market premium (GMP) for Nikita Papers was last seen at Rs 0, falling from Rs 5 on Wednesday. While a nil GMP suggests downbeat sentiment, analysts note that broader market support and strong final-day bidding could provide upside surprise during listing. IPO structure and key details The IPO is a complete fresh issue of 64.94 lakh equity shares, aiming to raise Rs 67.54 crore at the upper end of the Rs 95–104 price band. The lot size is fixed at 1,200 shares, requiring a minimum investment of Rs 1.25 lakh for retail participants. Live Events Anchor allocation took place on May 26, with the offer opening to other investors from May 27. Allotment is expected to be finalised by May 30. Use of proceeds Funds raised from the IPO will be deployed towards capital expenditure for setting up a renewable energy power plant based on biomass and Refuse Derived Fuel (RDF), working capital needs, and general corporate purposes. Business profile Founded in 2010, Nikita Papers is engaged in the manufacturing of Kraft paper, catering to industries aligned with eco-friendly and sustainable packaging. The company has built a strong presence in the market, underpinned by product quality, process efficiency, and an emphasis on environmental responsibility. The proposed investment in renewable energy aligns with the company's strategy of reducing reliance on conventional fuel sources and enhancing long-term operational sustainability. Financial snapshot In FY24, Nikita Papers reported revenue of Rs 338.60 crore, EBITDA of Rs 48.40 crore, and profit after tax (PAT) of Rs 16.60 crore. For the nine-month period ending December 2024, the company posted revenue of Rs 265.14 crore, EBITDA of Rs 43.80 crore, and PAT of Rs 15.68 crore—suggesting healthy year-on-year growth momentum. Intermediaries The IPO is managed by Fast Track Finsec Pvt Ltd, with Skyline Financial Services Pvt Ltd acting as the registrar. The equity share allocation includes 18.50 lakh shares for anchor investors, 12.33 lakh for QIBs, 9.25 lakh for NIIs, and 21.58 lakh for retail investors. A market maker portion of 3.26 lakh shares is also reserved. Also read: Scoda Tubes IPO subscribed 5.5 times on Day 2, GMP rises to 13%. Check details
Economic Times
29-05-2025
- Business
- Economic Times
Nikita Papers IPO subscribed 1.4 times on Day 3. Check GMP, price band and key issue details
GMP nil IPO structure and key details Live Events Use of proceeds Business profile Financial snapshot Intermediaries (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Nikita Papers' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.43 times as of 6:30 PM on Thursday, May investors (NIIs) led the subscriptions, bidding 2.11 times their allocated quota. Retail investors followed with a subscription of 1.84 times, while qualified institutional buyers (QIBs) subscribed 74% of their share. The Rs 67.54 crore issue will close on May 29, and listing is expected on the NSE SME platform on June to market sources, the grey market premium (GMP) for Nikita Papers was last seen at Rs 0, falling from Rs 5 on a nil GMP suggests downbeat sentiment, analysts note that broader market support and strong final-day bidding could provide upside surprise during IPO is a complete fresh issue of 64.94 lakh equity shares, aiming to raise Rs 67.54 crore at the upper end of the Rs 95–104 price band. The lot size is fixed at 1,200 shares, requiring a minimum investment of Rs 1.25 lakh for retail allocation took place on May 26, with the offer opening to other investors from May 27. Allotment is expected to be finalised by May raised from the IPO will be deployed towards capital expenditure for setting up a renewable energy power plant based on biomass and Refuse Derived Fuel (RDF), working capital needs, and general corporate in 2010, Nikita Papers is engaged in the manufacturing of Kraft paper, catering to industries aligned with eco-friendly and sustainable packaging. The company has built a strong presence in the market, underpinned by product quality, process efficiency, and an emphasis on environmental proposed investment in renewable energy aligns with the company's strategy of reducing reliance on conventional fuel sources and enhancing long-term operational FY24, Nikita Papers reported revenue of Rs 338.60 crore, EBITDA of Rs 48.40 crore, and profit after tax (PAT) of Rs 16.60 crore. For the nine-month period ending December 2024, the company posted revenue of Rs 265.14 crore, EBITDA of Rs 43.80 crore, and PAT of Rs 15.68 crore—suggesting healthy year-on-year growth IPO is managed by Fast Track Finsec Pvt Ltd, with Skyline Financial Services Pvt Ltd acting as the registrar. The equity share allocation includes 18.50 lakh shares for anchor investors, 12.33 lakh for QIBs, 9.25 lakh for NIIs, and 21.58 lakh for retail investors. A market maker portion of 3.26 lakh shares is also reserved.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
28-05-2025
- Business
- Time of India
Nikita Papers IPO subscribed 88% on Day 2: Check GMP, price band and key issue details
Synopsis Nikita Papers' IPO sees moderate demand, with 88% subscription led by NIIs and retail investors. The Rs 67.54 crore issue aims to fund renewable energy and expansion. GMP suggests modest listing gains, reflecting cautious market sentiment amid growth prospects.
