Nikita Papers, manufacturer of Kraft paper, has proposed its plan to go public with an Initial Public Offering on May 26 (for anchor investor) and May 27 (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 Fresh Issue Size is 64,94,400 Equity Shares of Rs 10 each and the issue size is Rs 67.54 Crore (At Upper Band). The price band is set at Rs 95 - Rs 104 per share. The lot size is 1,200 equity shares.
The issue size is 64,94,400 equity shares of face value of Rs 10 each.The equity share allocation for QIB Anchor Portion is up to 18,50,400 equity shares, for Net QIB – Up to 12,33,600 equity shares, for NII is not less than 9,25,200 equity shares, for RII is not less than 21,58,800 equity shares, and for market maker is 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.
“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,” said Sudhir Kumar Bansal, Chairman of Nikita Papers.
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.”
“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,” said Sakshi, Director of Fast Track Finsec Private.
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.”
Nikita Papers Limited engaged in the manufacturing of Kraft paper. With a reputation for delivering high-quality Kraft paper, the Company has firmly established itself as a trusted name in the market.
In FY24, the company reported revenue of Rs 33,860.08 lakh and EBITDA of Rs 4,840.04 lakh and PAT of Rs 1,659.53 lakh. As of Dec’ 2024, the company has achieved a revenue of Rs 26,513.85 lakh, EBITDA of Rs 4,380.46 lakh, and PAT of Rs 1,568.11 lakh.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
The Fresh Issue Size is 64,94,400 Equity Shares of Rs 10 each and the issue size is Rs 67.54 Crore (At Upper Band). The price band is set at Rs 95 - Rs 104 per share. The lot size is 1,200 equity shares.
The issue size is 64,94,400 equity shares of face value of Rs 10 each.The equity share allocation for QIB Anchor Portion is up to 18,50,400 equity shares, for Net QIB – Up to 12,33,600 equity shares, for NII is not less than 9,25,200 equity shares, for RII is not less than 21,58,800 equity shares, and for market maker is 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.
“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,” said Sudhir Kumar Bansal, Chairman of Nikita Papers.
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.”
“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,” said Sakshi, Director of Fast Track Finsec Private.
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.”
Nikita Papers Limited engaged in the manufacturing of Kraft paper. With a reputation for delivering high-quality Kraft paper, the Company has firmly established itself as a trusted name in the market.
In FY24, the company reported revenue of Rs 33,860.08 lakh and EBITDA of Rs 4,840.04 lakh and PAT of Rs 1,659.53 lakh. As of Dec’ 2024, the company has achieved a revenue of Rs 26,513.85 lakh, EBITDA of Rs 4,380.46 lakh, and PAT of Rs 1,568.11 lakh.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
