Latest IPO in India: Nikita Papers Ltd – Positive Opportunity with ₹67 Cr Issue
Published On: 25/05/20252 min read
Nikita Papers Ltd is launching its Initial Public Offering (IPO) on May 27, 2025, aiming to raise ₹67.54 crore through a fresh issue of 64.94 lakh equity shares. This SME IPO, set to list on the NSE Emerge platform, offers investors an opportunity to participate in a company with a strong commitment to sustainability and operational efficiency.
Company Overview
Established in 1989 and headquartered in Shamli, Uttar Pradesh, Nikita Papers Ltd specializes in manufacturing Kraft paper ranging from 80 to 200 GSM. With an installed capacity of approximately 1,33,000 MTPA, the company serves diverse industrial packaging needs. Nikita Papers has consistently evolved through technological upgrades and strategic expansions, including the installation of biomass and RDF-based power plants, aligning with its sustainability goals.
IPO Timeline
Anchor Investor Bidding: May 26, 2025
IPO Opens: May 27, 2025
IPO Closes: May 29, 2025
Allotment Finalization: May 30, 2025
Refunds Initiation: June 2, 2025
Shares Credited to Demat: June 2, 2025
Listing Date: June 3, 2025
Price Band
Price Band: ₹95 to ₹104 per share
Face Value: ₹10 per share
Issue Type: Book Building
Total Issue Size: ₹67.54 crore
Fresh Issue: 64.94 lakh shares
No Offer-for-Sale (OFS): Entirely a fresh issue
Lot Size
Lot Size: 1,200 shares
Minimum Investment: ₹124,800
Retail Investor Quota: Not less than 33.24% of the net offer
Key Dates
IPO Open Date: May 27, 2025
IPO Close Date: May 29, 2025
Allotment Date: May 30, 2025
Refunds Initiation: June 2, 2025
Shares Credited to Demat: June 2, 2025
Listing Date: June 3, 2025
Financials
Financial Year
Revenue (₹ Cr)
PAT (₹ Cr)
Net Worth (₹ Cr)
Reserves & Surplus (₹ Cr)
Total Borrowing (₹ Cr)
FY 2022
358.49
6.95
46.10
37.48
124.74
FY 2023
401.31
8.65
54.74
46.13
163.02
FY 2024
346.78
16.60
77.37
59.20
189.24
Dec 2024
272.38
15.68
93.05
74.88
206.71
Strengths
Experienced Promoters with industry expertise
Sustainability focus with biomass and RDF-based power generation
Strategic expansion into premium Kraft paper segments
Strong dealer and supplier network
Consistent financial performance
Risks
Dependence on raw material availability
Stiff competition in the paper manufacturing sector
Exposure to regulatory compliance risks
Vulnerability to economic and demand fluctuations
IPO Anchor Investors Details
Category
Shares Offered
Percentage (%)
Anchor Investors
18,50,400
28.49%
Qualified Institutional Buyers
12,33,600
18.99%
Non-Institutional Investors
9,25,200
14.25%
Retail Individual Investors
21,58,800
33.24%
Market Maker
3,26,400
5.03%
IPO Promoter Holding Details
Shareholding Category
Pre-Issue Holding (%)
Post-Issue Holding (%)
Promoters
100%
73.67%
Public
0%
26.33%
IPO Grey Market Premium (GMP)
Date
GMP (₹)
May 25, 2025
₹20
Final Thoughts
Nikita Papers Ltd’s IPO presents an opportunity to invest in a company with a strong track record in the paper manufacturing industry and a clear commitment to sustainability. The company’s strategic initiatives, experienced leadership, and consistent financial growth make it an attractive proposition for investors looking at SME IPOs. However, potential investors should consider the associated risks and conduct thorough due diligence before investing.
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