Latest news with #SudhirKumarBansal
Mint
24-05-2025
- Business
- Mint
Nikita Papers IPO to open on May 27, price band fixed at ₹95-104 per share
Kraft paper manufacturer Nikita Papers on Saturday fixed the price band at ₹ 95-104 a share for its ₹ 67.5 crore initial public offering. The initial share sale will open for public subscription on May 27 and conclude on May 29. The shares of the company will be listed on the NSE's SME platform Emerge, the company said in a statement. Investors can bid for a minimum of 1,200 equity shares and in multiples thereof. At the upper end of the price band, the company is going to mobilise around ₹ 67.54 crore, it added. The Initial Public Offering (IPO) of the company is entirely a fresh issue of 64.94 lakh equity shares. The net proceeds from the fresh issue will be utilised to meet capital expenditure for setting up a power plant, funds will also be used towards the working capital requirements of the company, and rest balance for general corporate purposes and issue expenses. 'As we take the next step in our journey through the proposed initial public offering, our focus remains on building long-term value through responsible growth. At Nikita Papers Ltd, we have steadily expanded our capabilities in Kraft paper manufacturing while maintaining a clear commitment to sustainability and operational efficiency," Nikita Papers Chairman Sudhir Kumar Bansal said. Incorporated in 1989, Shamli, Uttar Pradesh-based Nikita Papers is engaged in the manufacturing of paper and paper products. The company specialises in producing a range of paper grades suitable for industrial, commercial, and printing applications. The company reported revenue of ₹ 338.60 crore and a profit after tax of ₹ 16.60 crore in FY24.
The Print
24-05-2025
- Business
- The Print
Nikita Papers Limited IPO Opens on May 27, 2025
Mumbai (Maharashtra) [India], May 23: Nikita Papers Limited manufacturer of Kraft paper, has proposed its plan to go public with an Initial Public Offering on May 26, 2025 (For Anchor Investor) and May 27, 2024 (For other than Anchor Investor). The company is aiming to raise Rs 67.54 Crores at upper price band through this IPO, with shares set to be listed on the NSE Emerge. The issue size is 64,94,400 equity shares of face value of Rs 10 each. Equity Share Allocation * QIB Anchor Portion – Up to 18,50,400 Equity Shares * Net QIB – Up to 12,33,600Equity Shares * NII- Not Less than 9,25,200 Equity Shares * RII- Not Less than 21,58,800 Equity Shares * Market Maker – 3,26,400 Equity Shares The net proceeds from the IPO will be utilized to meet capital expenditure for setting up a power plant, to meet the working capital requirements of the company, and for general corporate purposes and issue expenses. The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited and the Registrar to the Issue is Skyline Financial Services Private Limited. Mr. Sudhir Kumar Bansal, Chairman of Nikita Papers Limited expressed, 'As we take the next step in our journey through the proposed initial public offering, our focus remains on building long-term value through responsible growth. At Nikita Papers Limited, we have steadily expanded our capabilities in Kraft paper manufacturing while maintaining a clear commitment to sustainability and operational efficiency. The proceeds from this IPO will primarily support our investment in renewable energy infrastructure, including a power plant utilizing biomass and Refuse Derived Fuel, helping us reduce dependence on conventional energy sources. This initiative aligns with our goal of becoming more energy self-sufficient while minimizing environmental impact. This step reflects our continued effort to align business performance with environmental responsibility. We look forward to this new chapter as we remain focused on consistent execution, practical innovation, and contributing to a cleaner, more efficient future for the paper industry.' Ms. Sakshi, Director of Fast Track Finsec Private Limited said, 'We are pleased to be associated with Nikita Papers Limited in their proposed initial public offering. The company has demonstrated steady growth over the years, supported by a strong operational foundation, sound financial management, and a clear focus on sustainability. Nikita's strategic investment in renewable energy infrastructure, including the planned biomass and RDF-based power plant, reflects a forward-looking approach aligned with evolving industry and environmental expectations. Their consistent performance, experienced leadership, and commitment to responsible manufacturing position the company well for its next phase of growth. We believe this IPO represents a meaningful opportunity for the company to strengthen its capabilities and continue its progress in the Kraft paper manufacturing industry, which is experiencing growing demand due to increased global focus on sustainable and eco-friendly packaging solutions.' (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same) This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.
Mint
24-05-2025
- Business
- Mint
Nikita Papers IPO to open on May 27, price band fixed at ₹95-104 per share
Kraft paper manufacturer Nikita Papers on Saturday fixed the price band at ₹ 95-104 a share for its ₹ 67.5 crore initial public offering. The initial share sale will open for public subscription on May 27 and conclude on May 29. The shares of the company will be listed on the NSE's SME platform Emerge, the company said in a statement. Investors can bid for a minimum of 1,200 equity shares and in multiples thereof. At the upper end of the price band, the company is going to mobilise around ₹ 67.54 crore, it added. The Initial Public Offering (IPO) of the company is entirely a fresh issue of 64.94 lakh equity shares. The net proceeds from the fresh issue will be utilised to meet capital expenditure for setting up a power plant, funds will also be used towards the working capital requirements of the company, and rest balance for general corporate purposes and issue expenses. 'As we take the next step in our journey through the proposed initial public offering, our focus remains on building long-term value through responsible growth. At Nikita Papers Ltd, we have steadily expanded our capabilities in Kraft paper manufacturing while maintaining a clear commitment to sustainability and operational efficiency," Nikita Papers Chairman Sudhir Kumar Bansal said. Incorporated in 1989, Shamli, Uttar Pradesh-based Nikita Papers is engaged in the manufacturing of paper and paper products. The company specialises in producing a range of paper grades suitable for industrial, commercial, and printing applications. The company reported revenue of ₹ 338.60 crore and a profit after tax of ₹ 16.60 crore in FY24. Fast Track Finsec is the book running lead manager and Skyline Financial Services is the registrar of the issue.
