The allotment for Nikita Papers Limited’s Rs 67.54 crore IPO has been finalised today, May 30. Investors who applied for the issue, which was open from May 27 to May 29, can now check their allotment status through the issue's registrar, Skyline Financial Services.
Shares are expected to be credited to demat accounts by June 2, with listing scheduled for June 3 on the NSE SME platform.
The IPO witnessed only modest demand with an overall subscription slightly above 1 time. The retail and institutional interest remained tepid, and the grey market is currently offering no premium. The latest GMP stands at zero, suggesting the stock may debut around its issue price of Rs 104.
Visit: https://www.skylinerta.com/ipo.php
Select ‘Nikita Papers Ltd’ from the dropdown
Enter your PAN, application number, or DP/Client ID
Click ‘Submit’ to view allotment status
Nikita Papers is a manufacturer of kraft paper used in industrial and packaging applications. The company operates an eco-friendly manufacturing facility and offers GSM variants from 70 to 200, suitable for wrapping, cushioning, and creative uses. The IPO, entirely a fresh issue of 64.94 lakh shares, was priced between Rs 95 and Rs 104 per share.
Funds raised from the IPO will be used to enhance production capacity, invest in modern equipment, support working capital, and for general corporate purposes. The company is also expanding into fluting media and aims to cater to the growing demand for sustainable paper packaging.
On the financial front, Nikita Papers reported a profit of Rs 15.68 crore for the nine months ended December 2024, close to its full FY24 profit of Rs 16.60 crore. Revenue for the same nine-month period stood at Rs 272.38 crore. While the topline has decreased from FY23 levels, the company has managed to improve its profitability and maintain a healthy net worth of Rs 93.05 crore.
Though listing day gains appear unlikely due to zero GMP and weak demand from institutions, the company’s established presence and focus on sustainable products may appeal to long-term investors post-listing.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Shares are expected to be credited to demat accounts by June 2, with listing scheduled for June 3 on the NSE SME platform.
The IPO witnessed only modest demand with an overall subscription slightly above 1 time. The retail and institutional interest remained tepid, and the grey market is currently offering no premium. The latest GMP stands at zero, suggesting the stock may debut around its issue price of Rs 104.
Nikita Papers IPO allotment via Skyline Financial
Visit: https://www.skylinerta.com/ipo.php
Select ‘Nikita Papers Ltd’ from the dropdown
Enter your PAN, application number, or DP/Client ID
Click ‘Submit’ to view allotment status
Nikita Papers is a manufacturer of kraft paper used in industrial and packaging applications. The company operates an eco-friendly manufacturing facility and offers GSM variants from 70 to 200, suitable for wrapping, cushioning, and creative uses. The IPO, entirely a fresh issue of 64.94 lakh shares, was priced between Rs 95 and Rs 104 per share.
Funds raised from the IPO will be used to enhance production capacity, invest in modern equipment, support working capital, and for general corporate purposes. The company is also expanding into fluting media and aims to cater to the growing demand for sustainable paper packaging.
On the financial front, Nikita Papers reported a profit of Rs 15.68 crore for the nine months ended December 2024, close to its full FY24 profit of Rs 16.60 crore. Revenue for the same nine-month period stood at Rs 272.38 crore. While the topline has decreased from FY23 levels, the company has managed to improve its profitability and maintain a healthy net worth of Rs 93.05 crore.
Though listing day gains appear unlikely due to zero GMP and weak demand from institutions, the company’s established presence and focus on sustainable products may appeal to long-term investors post-listing.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
