Company Overview: Nikita Papers Limited
Established in 1989, Nikita Papers Limited is a leading manufacturer of kraft paper, catering to various industries including packaging, textiles, and food. The company specializes in producing kraft paper ranging from 80 to 200 GSM with different Burst Factor (BF) ranges.
With an installed capacity of approximately 133,000 metric tonnes per annum, Nikita Papers has a significant presence in the paper manufacturing sector.
Nikita Papers Financial Details
For the financial year ending March 31, 2023, Nikita Papers reported:
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Revenue: ₹346.78 crore
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Profit After Tax (PAT): ₹16.60 crore
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Total Assets: ₹299.00 crore
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Net Worth: ₹54.62 crore
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Debt: ₹163.02 crore
The company has shown consistent financial performance, with steady revenue and profit growth over the years.
While specific financial details for the fiscal year 2023–24 are not provided in the available sources, the company’s consistent growth and recent expansion into fluting media indicate a stable financial position.
Investors are encouraged to review the company’s financial statements and consult with financial advisors before making investment decisions.
Nikita Papers IPO Details
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IPO Dates: May 27–29, 2025
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Price Band: ₹95–₹104 per share
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Issue Size: ₹67.54 crore
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Fresh Issue: 64.94 lakh equity shares
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Offer for Sale (OFS): None
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Lot Size: 1,200 shares
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Minimum Investment: ₹1,14,000
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Listing Date: June 3, 2025
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Stock Exchange: NSE SME platform (Emerge)
| Symbol | NIKITA |
|---|---|
| Issue Period | 27-May-2025 to 29-May-2025 |
| Cut-off time for UPI Mandate Confirmation | 29-May-2025 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate. |
| Issue Size | “Initial Public Offer of upto 64,94,400 Equity Shares (including Market Maker portion of 3,26,400 Equity Shares and Anchor allocation portion of 8,68,800 Equity Shares” |
| Issue Type | 100 % Book Building |
| Price Range | Rs. 95/- to Rs. 104/- per equity share |
| Face Value | Rs.10 |
| Tick Size | Re.1 |
| Bid Lot | 1200 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 1200 Equity Shares |
| Maximum Subscription Amount for Retail Investor | “Rs. 2,00,000” |
| Maximum Bid Quantity for QIB Investors | “52,99,200 equity shares in multiple of 1200 Equity Shares (Calculated at Higher Price band)” |
| Maximum Bid Quantity for NIB Investors | “30,84,000 equity shares in multiple of 1200 Equity Shares (Calculated at Higher Price band)” |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Book Running Lead Managers | Fast Track Finsec Private Limited |
| Sponsor Bank | ICICI Bank Limited |
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Nikita Papers IPO Objectives
The net proceeds from the IPO will be utilized for:
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Capital expenditure towards setting up a power plant.
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Working capital requirements.
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General corporate purposes.
Nikita Papers Peer Comparison
Company |
EPS (₹) |
P/E Ratio |
RoNW (%) |
NAV (₹) |
PAT (₹ Cr) |
|---|---|---|---|---|---|
Nikita Papers Limited |
2.74 |
13.08 |
26% |
115.64 |
13.43 |
Magnum Ventures Limited |
2.74 |
13.08 |
26% |
115.64 |
13.43 |
Tamilnadu Newsprint and Papers Ltd. |
4.77 |
9.48 |
10% |
301.94 |
32.99 |
Ruchira Papers Limited |
3.23 |
8.68 |
12% |
138.81 |
9.64 |
Pakka Limited |
2.19 |
19.28 |
20% |
67.58 |
8.59 |
Note: The peer companies listed are indicative and based on industry relevance.
Nikita Papers IPO Grey Market Premium (GMP)
As of May 28, 2025, the Grey Market Premium (GMP) for Nikita Papers Limited’s IPO is reported at ₹2 per share. This suggests that the shares are trading at a premium of ₹2 over the upper end of the IPO price band of ₹104, indicating a potential listing price of ₹106. This reflects an estimated listing gain of approximately 1.92%
Having said that GMP does not mean in anyway a recommendation for an IPO, the financials of a company and its future prospectus tells a lot.
Here is the thing no one can tell you whether the IPO will going to make a stellar debut or not, it is you who have to decide based on available information about the company.
Moreover the IPO’s now a days are very hot market every one wants to earn some quick money on listing day itself and there is nothing wrong about it.
One must not forget to check the financials and do not fall for any recommendation from anyone, it is you hard earned money, you should decide whether to opt for the IPO or not.
You may have watch various YouTube channels or read on different websites about recommendation for stocks and IPO, it is my humble suggestion and request please do not ever fall prey to it. Better than this is to invest in ETF’s?.
Therefore, whenever you are buying IPO make sure the money invested is not the one which you my need it urgently, always use extra money which you may not require in near future, Otherwise stay away completely.
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Note: Grey market premiums are unofficial and can fluctuate; they are not a guarantee of listing performance.
Nikita Papers Latest Subscriptions Details:
As of May 28, 2025, the Nikita Papers Limited IPO has garnered a total subscription of 0.60 times (60%) on its first day. Here’s a breakdown of the subscription status across different investor categories:
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Retail Individual Investors (RII): 0.74x (74%)
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Non-Institutional Investors (NII): 0.47x (47%)
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Qualified Institutional Buyers (QIB): 0.43x (43%)
These figures indicate a moderate interest from retail investors, while institutional participation remains relatively subdued at this stage. The IPO is scheduled to close on May 29, 2025, providing investors with additional time to participate.
For more detailed information on the IPO, including application procedures and allotment status, you can refer to the official registrar’s website.
Frequently Asked Questions (FAQs)
Q1: How can I apply for the Nikita Papers IPO?
You can apply through your broker’s platform using the UPI-based ASBA (Application Supported by Blocked Amount) method.
Q2: What is the minimum investment required?
The minimum investment is ₹1,24,800 for one lot of 1,200 shares.
Q3: When will the shares be listed?
The shares are expected to be listed on June 3, 2025, on the NSE SME platform.
Q4: What is the purpose of the IPO?
The proceeds from the IPO will be used for setting up a new power plant and meeting working capital requirements.
Where To Check Nikita Papers IPO Application And Allotment Status?
As an investor or trader generally we are curious and anxious to know the results of the application as soon as possible. To ease the anxiety, both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have come up with dedicated pages and links which investors can use.
NSE
The NSE has an IPO bid verification module. It can be used to verify the IPO application details uploaded on the exchange bidding system by your member/bank. The data of the bid details uploaded by the member/bank would be available on T+1 day (where T would be date receipt of bid on NSE platform).
In addition, the data would be available until six days after the issue closure date. This gives the investor enough time to verify the data and instruct the member/bank to make any changes, if required.
Exchange will also provide allotment information as provided by the registrar to the issue.
An investor can avail this facility by registering using his/her PAN details. After registration, the investor will receive an email notification from NSE on the registered email address. That email will provide the login details.
The following link can be used for the same:
https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
BSE
The BSE has also come up with a similar platform.
This unique facility allows investors to verify the status of their application submitted to a Trading Member or a SCSB (Self-Certified Schedule Banks).
The investor can check his application status/information on the website until one week after issue close.
The following link can be used by investors:
https://www.bseindia.com/investors/appli_check.aspx
Important Things To Keep In Mind Before Applying For IPO’s:
- Try to fill for the same IPO online from different DP ID i.e. if in your family have more than 1 account you can possibly get the allocation done in case of over subscription.
- You should have a good knowledge of the sector and the company you are planning to invest.
- Analysis of the company’s balance sheet is very crucial. A clear understanding of the company’s future projects and vision is very necessary to know whether it will have a sustainable future.
- Investment decision has to be taken carefully and not in a hurry.
- Read as much as you can about the company, its objectives for launching the IPO, its past history in business and its futures prospectus.
- Don’t go for hype in the news, your analysis should be based on facts rather than gossips and rumors.
- Many IPOs are oversubscribed. What this means is that the demand for shares is much higher than the shares available for sale. In such a situation, it is no surprise that many investors fail to get any shares allotted to them. This is why it is advisable to apply for IPO shares on the last day of bidding. This way, one can have a good estimate on how large the subscription will be. Also, in that case, one should bid for just one lot and not unnecessarily lock up their capital.
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Conclusion
Nikita Papers Limited’s IPO presents an opportunity to invest in a company with a longstanding presence in the Kraft paper manufacturing industry. The steady GMP indicates moderate investor interest.
Nikita Papers Limited’s IPO offers investors an opportunity to participate in India’s growing paper manufacturing sector. With a strong financial track record and a clear strategic focus, the company is well-positioned for future growth.
However, as with all investments, potential investors should conduct thorough due diligence and consult with financial advisors before making investment decisions
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