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Nikita Papers Limited IPO
Nikita Papers Limited is one of the leading Kraft paper manufacturers in India, located in Shamli, Uttar Pradesh, is ready to launch its SME IPO on NSE Emerge, which will open on 27 May 2025 and close on May 29, 2025. This IPO is going to be a fresh issue of ₹64.94 lakh shares with a raising target of ₹67.54 crores for a price band of ₹95-₹104 per share. The main objective of the IPO is to set up a biomass power plant and use the funds for working capital and general corporate purposes. The company has reported its FY24 revenue of ₹346.78 crore and PAT of ₹16.6 crore.
Introduction
Nikita Papers was founded in 1989 in Shamli, Uttar Pradesh. It started operations in 1992. Since then, it is known for producing high-quality kraft paper. All the Kraft paper material produced by the company is eco-friendly and recyclable. It started with a production capacity of 3500 MT per annum with the help of UPFC and Oriental Bank of Commerce financing. The company has employees between 11 to 25 people with a turnover of ₹100-500 crore and a strong commitment to sustainable paper production.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Nikita Papers Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Nikita Papers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 27, 2025 to May 29, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹104 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 64,94,400 shares (aggregating up to ₹67.54 Cr) |
| Fresh Issue | 64,94,400 shares (aggregating up to ₹67.54 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,81,73,500 shares |
| Share Holding Post Issue | 2,46,67,900 shares |
| Market Maker Portion | 3,26,400 shares |
Nikita Papers Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, May 27, 2025 |
| IPO Close Date | Thu, May 29, 2025 |
| Tentative Allotment | Fri, May 30, 2025 |
| Initiation of Refunds | Mon, Jun 2, 2025 |
| Credit of Shares to Demat | Mon, Jun 2, 2025 |
| Tentative Listing Date | Tue, Jun 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 29, 2025 |
Nikita Papers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,24,800 |
| Retail (Max) | 1 | 1200 | ₹1,24,800 |
| HNI (Min) | 2 | 2400 | ₹2,49,600 |
Nikita Papers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Nikita Papers Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 80.38% | 59.219 % |
Competitive Strength:
- ● Extensive Industry Experience
- ● Diverse Product Range
- ● Focus on Sustainability
- ● Strong Distribution Network
- ● Continuous Capacity Expansion
Nikita Papers Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 349.78 | 272.38 | 15.68 | 93.05 | - | 206.71 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 299.00 | 346.78 | 17 | 77.37 | - | 189.24 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 256.80 | 401.31 | 8.65 | 54.74 | - | 163.02 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 235.30 | 358.49 | 6.95 | 46.10 | - | 124.74 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.45% |
| ROCE | 28.71% |
| Debt/Equity | 0.45 |
| RoNW | 21.45% |
| PAT Margin | 4.79 |
| Price to Book Value | 2.44 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.13 | 8.48 |
| P/E (x) | 11.39 | 12.27 |
Objectives of the Nikita Papers IPO
- To fund capital expenditure for setting up a biomass-based power plant, supporting the company's move towards renewable energy and energy self-sufficiency.
- To meet working capital requirements, ensure smooth day-to-day operations, and support business growth.
- For general corporate purposes, which may include strengthening the balance sheet, business expansion, and other strategic initiatives.
- To cover issue-related expenses associated with the IPO process.
Conclusion
In conclusion, Nikita Papers Limited’s IPO offers investors an opportunity to participate in a company with a strong presence in the Kraft paper segment, known for its cost-effective and durable products made from recycled materials. Backed by experienced promoters and a focus on sustainability, the company aims to use IPO proceeds for capacity expansion and operational needs. Its established market position and growth potential make it a noteworthy contender in the SME IPO space.
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Frequently Asked Questions (FAQs)
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1. What products does Nikita Papers Limited manufacture?
Nikita Papers Limited specializes in producing high-quality kraft paper using 100% recycled waste paper. Their products are available in various grades, grammages, and burst factors, catering to diverse packaging and specialty paper needs.
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2. Where are the manufacturing facilities of Nikita Papers located?
The company's main manufacturing facility is situated in Shamli, Uttar Pradesh. This state-of-the-art plant is equipped with modern technology to ensure efficient and sustainable kraft paper production.
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3. How does Nikita Papers contribute to environmental sustainability?
Nikita Papers is committed to sustainability by using only recycled waste paper for its kraft paper production. The company also incorporates eco-friendly practices like zero liquid discharge and rainwater harvesting in its operations.
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4. What is the history and background of Nikita Papers Limited?
Founded in 1989 and operational since 1992, Nikita Papers has grown from a small unit to a major kraft paper manufacturer. The company has consistently expanded its capacity and adopted innovative production techniques over the years.
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5. Who leads Nikita Papers Limited, and what is their experience?
The company is led by Chairman Ashok Kumar Bansal, who has over 25 years of experience in the paper industry. The leadership team combines industry expertise with innovative approaches to drive growth and quality.
