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Business Standard
6 days ago
- Business
- Business Standard
Nikita Papers IPO allotment today; check status, GMP, listing date
Nikita Papers IPO allotment status: The basis of the allotment of shares for Nikita Papers is expected to be finalised today, Friday, May 30, 2025. The initial public offering (IPO) of Nikita Papers, which closed its three-day subscription window on Thursday, May 29, received a muted response from investors, with the offering being oversubscribed by only 1.42 times, according to data available on the NSE. The highest demand for the SME offering came from non-institutional investors (NIIs), who oversubscribed the category reserved for them by 2.11 times. This was followed by retail investors at 1.84 times, and Qualified institutional buyers (QIBs) at 0.74 times. Here's how to check the Nikita Papers IPO allotment status online: Once the allotment is finalised, investors can check their status on the official websites of the NSE and Skyline Financial Services, the registrar for the IPO. Alternatively, investors can also follow these direct links to check the Nikita Papers allotment status online: Nikita Papers IPO GMP On Friday, the unlisted shares of Nikita Papers were trading flat at ₹105, the upper price band, according to sources tracking unofficial market activities. Nikita Papers IPO details Nikita Papers aims to raise ₹67.54 crore through the SME public offering comprising a fresh issue of 6.49 million equity shares. There is no offer for sale (OFS) component. According to the red herring prospectus (RHP), shares of Nikita Papers will be listed on the NSE SME platform tentatively on Tuesday, June 3, 2025. The company has set the price band in the range of ₹95 to ₹105 per equity share. Retail investors would require a minimum investment amount of ₹1,14,000 to subscribe for a minimum of one lot comprising 1,200 shares. High-net-worth individuals (HNIs) can bid for a minimum of two lots consisting of 2,400 shares with a minimum investment amount of ₹2,49,600. Skyline Financial Services serves as the registrar for the issue. Fast Track Finsec is the sole book-running lead manager. According to the RHP, from the net issue proceeds, the company aims to utilise ₹50 crore for capital expenditure towards setting up a power plant and ₹5 crore for working capital requirements. The remaining funds will be used for general corporate purposes. About Nikita Papers Incorporated in 1989, Nikita Papers manufactures paper and paper products. It specialises in a range of paper grades suitable for industrial, commercial, and printing applications. Currently, the company has an installed capacity of around 133,000 MT per annum. The company manufactures Kraft paper of 80- 200 GSM in different Burst Factor Ranges.
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)
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Business Standard
23-05-2025
- Business
- Business Standard
Nikita Papers IPO opens on May 27: Check price band, GMP, key dates, more
Nikita Papers IPO: The initial public offering (IPO) of paper manufacturer Nikita Papers will open for subscription on Tuesday, May 27, 2025. The New Delhi-based company aims to raise ₹67.54 crore through a fresh issue of 6.5 million equity shares. There is no offer for sale (OFS) component. The company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Here are the key details of Nikita Papers IPO: Nikita Papers IPO price band, lot size Nikita Papers has set the price band for its IPO in the range of ₹94 to ₹104 per equity share. The minimum lot size for an application is 1,200 shares. A retail investor would require a minimum investment amount of ₹1,14,000 to bid for one lot. The minimum investment required for high net-worth individuals (HNIs) is ₹2,49,600 for two lots. Nikita Papers IPO key dates According to the RHP, the three-day subscription window will tentatively close on Thursday, May 29, 2025. The anchor investor bid period shall be one working day before the issue opening date. The basis of the allotment of shares is likely to be finalised on or before Friday, May 30, 2025. Shares of Nikita Papers will be listed on the NSE SME platform, tentatively on Tuesday, June 3, 2025. Nikita Papers IPO registrar, lead manager Skyline Financial Services is the registrar of the issue. Fast Track Finsec is the sole book-running lead manager. Nikita Papers IPO objective According to the red herring prospectus (RHP), the company aims to utilise ₹5 crore from the net fresh issue proceeds for capital expenditure towards setting up a power plant and ₹5 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. Nikita Papers IPO GMP The unlisted shares of Nikita Papers were trading flat at ₹104, the upper price band as of 3 PM on Friday, according to sources tracking unofficial market activities. About Nikita Papers Incorporated in 1989, Nikita Papers is involved in the manufacturing of paper and paper products. Currently, the company has an installed capacity of around 133,000 MT per annum. The company manufactures Kraft paper of 80- 200 GSM in different Burst Factor Ranges. Nikita Papers financial overview In the nine-month period ended December 31, 2024, the company posted a total revenue of ₹282.38 crore and PAT of ₹15.68 crore. In the financial year 2023-24 (FY24), Nikita Papers reported revenue from operations of ₹346.78 crore, up 135 per cent from ₹401.30 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹16.6 crore in FY24, up XXX per cent from ₹8.64 crore in FY23.
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Business Standard
12-05-2025
- Business
- Business Standard
Manoj Jewellers shares list flat on BSE SME, tumble 5% to hit lower circuit
Manoj Jewellers IPO listing today: Shares of jewellery maker Manoj Jewellers were locked in the lower circuit on the BSE SME shortly after making their debut on May 12. The company's shares had a muted debut, listing at ₹53.95 per share, reflecting a marginal discount of ₹0.05 or 0.09 per cent against the issue price of ₹54 per share. Following the listing, the stock fell 5 per cent, reaching the lower circuit at ₹51.26 per share. By the time trading was halted, nearly 0.11 million shares, worth ₹0.59 crore, had been traded. Manoj Jewellers' IPO listing aligned with grey market expectations. Ahead of the listing, the unlisted shares of the company were trading flat at ₹54 per share, according to sources tracking unofficial market activity. Manoj Jewellers IPO details Manoj Jewellers IPO was an entirely fresh issue of 3 million equity shares amounting to ₹16.20 crore. There was no offer-for-sale component. The company had fixed the price band at ₹54 per equity share. The issue closed for subscription on Wednesday, May 7, 2025. The basis of allotment of shares was finalised on Thursday, May 8, 2025. The issue received a muted response from investors. Manoj Jewellers IPO was subscribed only 1.14 times. The portion booked for retail investors was subscribed 1.01 times and the non-institutional investors (NIIs) quota was subscribed 1.27 times. Skyline Financial Services serves as the registrar of the issue. Jawa Capital Services is the sole book-running lead manager. The company, according to the RHP, aims to utilise ₹13.23 crore from the net issue proceeds for repayment or prepayment of certain borrowings availed by the company. The remaining ₹1.67 crore will be used for general corporate purposes. About Manoj Jewellers Incorporated in 2007, Manoj Jewellers is the retailer and wholesaler of jewellery and ornaments made from gold and diamonds, embellished with precious and semi-precious stones. The product portfolio includes a variety of items including items such as rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery pieces. The company runs two showrooms in Chennai. In the fiscal year 2023-24 (FY24), Manoj Jewellers reported revenue from operations of ₹43.35 crore, up 218 per cent growth year-on-year (Y-o-Y) from ₹13.63 crore in FY23. It reported a profit after tax (PAT) of ₹3.24 crore in FY24, up around four times from ₹62.36 lakh in the previous fiscal.
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Business Standard
08-05-2025
- Business
- Business Standard
Manoj Jewellers IPO allotment today: here's how to check your status online
Manoj Jewellers IPO allotment status: The basis of allotment of shares for Manoj Jewellers is expected to be finalised today, Thursday, May 8, 2025. The initial public offering (IPO) of Manoj Jewellers, which closed its three-day subscription window on Wednesday, May 7, received a muted response from investors, with the offering being oversubscribed by nearly 1.14 times. Once the allotment is finalised, investors can check their status on the official websites of the BSE, and Skyline Financial Services, the registrar for the Manoj Jewellers IPO. Check Manoj Jewellers IPO allotment status on BSE: Also Read Manoj Jewellers IPO details The SME offering, valued at around ₹16.63 crore, comprises an entirely fresh issue of 3 million equity shares with no offer for sale (OFS) component. The public issue was open for subscription from Monday, May 5, 2025, to Wednesday, May 7, 2025. It was available at ₹54 per share, with a lot size of 2,000 shares. Manoj Jewellers proposes to utilise the proceeds from the public offering for the repayment/prepayment of certain borrowings availed by the company, as well as for general corporate purposes. ALSO READ | Srigee DLM IPO allotment today; check status, GMP, likely listing gain Manoj Jewellers IPO grey market premium (GMP), listing estimate The unlisted shares of Manoj Jewellers were trading flat at ₹54 apiece, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) of Manoj Jewellers IPO remains Nil as of Thursday, May 8, 2025. Shares of Manoj Jewellers are expected to debut on the BSE SME platform tentatively on Monday, May 12, 2025. The current GMP trend indicates a flat listing of the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Manoj Jewellers Manoj Jewellers is a Chennai-based retailer specialising in gold and diamond jewellery. The company offers a wide range of jewelry items, including earrings, rings, and pendants. Manoj Jewellers ensures product quality through strict procedures and BIS hallmarking. The company operates a showroom in Sowcarpet, Chennai, and prioritises customer satisfaction. Manoj Jewellers offers traditional and modern designs in 22KT gold and silver jewellery.
