Nikita Papers was incorporated on August 18, 1989. The company manufactures Kraft paper with an annual capacity of about 1,33,000 metric tons. It produces paper ranging from 80 to 200 GSM with various burst factors, serving diverse customer needs in the paper industry
| Bidding Dates |
|---|
| 27 May 2025 - 29 May 2025 |
| Subscription |
|---|
| 1.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 1200 | 6.5 M | ₹95 - ₹104 | 59.22 % | ₹617.0 M - ₹675.4 M | RHP DOC |
Nikita Papers IPO SUBSCRIPTION STATUS
29 May '25Nikita Papers IPO overall subscription rate was 1.4 times the total available shares
Nikita Papers IPO retail subscription rate was 2.01 times in the retail segment
Nikita Papers IPO non-institutional investor subscription rate was 2.7 times in the non-institutional investor category
Nikita Papers IPO Qualified Institutional Bidder subscription rate was 0.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 May 2025 (Day 3) | 2.01x | 2.7x | 0.58x |
28 May 2025 (Day 2) | 1.2x | 2.02x | 0.34x |
27 May 2025 (Day 1) | 0.81x | 0.69x | 0.34x |
Nikita Papers FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 15.7 | 265.1 | -6.0 | -6.0 | 16.5% |
| FY24 | 16.6 | 338.6 | -12.6 | -12.6 | 14.3% |
| FY23 | 8.6 | 398.3 | -13.0 | -13.0 | 7.7% |
| FY22 | 7.0 | 356.4 | 27.7 | 27.7 | 8.3% |
Nikita Papers IPO SUBSCRIPTION STATUS DETAILS
Nikita Papers had 6.5 M shares on offer
Nikita Papers IPO offer price was in the range ₹95 - ₹104
Nikita Papers IPO minimum Investment was ₹114000
Nikita Papers IPO issue size was ₹ 617.0 M - ₹ 675.4 M
Nikita Papers had a minimum lot size of 1200 Shares per application
Nikita Papers NUMBER OF SHARES ON OFFER
Nikita Papers IPO IMPORTANT DATES
| Issue Open Date | 27 May 2025 |
| Issue close Date | 29 May 2025 |
| Allotment Date | 30 May 2025 |
| Refund Date | 02 Jun 2025 |
| Demat Account Credit Date | 02 Jun 2025 |
| Listing Date | 03 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Nikita Papers Allotment Status | Exchange/ Registrar |
Nikita Papers IPO subscription opened on 27 May 2025, and closed on 29 May 2025
IPO allotment for Nikita Papers was finalized on Friday, 30 May 2025
IPO listing for Nikita Papers was on NSE on Tuesday, 03 Jun 2025
Nikita Papers IPO LISTING GAINS
| Issue Price (adjusted) | 104.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 90.5 |
| Listing Gain% | -13.5% |
| Current Gain% | -29.8% |
Nikita Papers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nikita Greentech Recycling Ltd. | 73 | 180.2 | 16.2 | -0.3 | 0.5 | 6.2 | 2.3 | 365.8 | -3.5 | 11.1 | -51.6 | 4.5 | -51.6 |
| Aditya Birla Real Estate Ltd. | 1382.8 | 15445.3 | -149.6 | -4.2 | 37.9 | -2.8 | -0.5 | 459.2 | -63.5 | -103.2 | 36 | -9.2 | 36 |
| JK Paper Ltd. | 387 | 7017.9 | 21.6 | -2.8 | 1 | 4.8 | 2.5 | 7136.1 | 4.5 | 265.8 | -35.1 | 17.9 | -7.7 |
| West Coast Paper Mills Ltd. | 599.1 | 3957 | 26.3 | -0.5 | 0.9 | 4.2 | 2.8 | 4393.2 | 2.8 | 150.6 | -51.6 | 22.8 | -51.6 |
| KS Smart Technologies Ltd. | 106.4 | 1745.7 | -5409.3 | 81.8 | 859.1 | -0.1 | -0.1 | 2.1 | -0.3 | -66 | 0 | -66.1 | |
| Seshasayee Paper & Boards Ltd. | 229.2 | 1445.6 | 14.6 | 1.1 | 0.8 | 4 | 3.3 | 1759.2 | -3.5 | 82.5 | -24.4 | 15.7 | 13 |
Nikita Papers INFORMATION ON IPO ISSUE
About Nikita Papers
Nikita Papers was incorporated on August 18, 1989. The company manufactures Kraft paper with an annual capacity of about 1,33,000 metric tons. It produces paper ranging from 80 to 200 GSM with various burst factors, serving diverse customer needs in the paper industry
Object of the Issue
- To meet capital expenditure towards setting up a power plant
- To meet out the working capital requirements of the company
- To meet out the general corporate purposes
- To meet out the issue expenses
Nikita Papers - PROMOTERS
| Name |
|---|
| Ashok Kumar Bansal |
| Ayush Bansal |
| Sudhir Kumar Bansal |
| Anuj Bansal |
| Abhinav Bansal |
| Sandhya Bansal |
| Ashok Kumar Bansal & Sons HUF |
| Sudhir Kumar Bansal & Sons HUF |
| Naresh Chand Bansal & Sons HUF |
| Ayush Bansal & Sons HUF |
| Abhinav Bansal & Sons HUF |
| Anuj Bansal & Sons HUF |
Nikita Papers Lead Manager
Fast Track Finsec Private Limited
mb@ftfinsec.com
Nikita Papers Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Nikita Papers Strengths
Fluting media expansion
The company has expanded into fluting media by commissioning a second paper machine with a capacity of 250 tons per day. This addition boosts production volume and enables the manufacture of higher-grade paper, enhancing the product portfolio
Raw material network
The company has built strategic partnerships with suppliers and distributors to ensure an efficient supply chain. These collaborations help improve market access and support innovation, allowing the company to stay aligned with industry trends and evolving technologies
Eco-friendly opportunity
The company stands to benefit from the shift away from plastic packaging due to rising environmental concerns and regulatory restrictions. As demand grows for sustainable alternatives like paper packaging, the company’s recyclable products position it well to capitalize on this evolving market trend
Nikita Papers Risks
Raw material risk
Fluctuations in raw material costs, particularly waste paper, can impact the company's profitability and operational efficiency. Changes in recycling rates, market demand, and global economic conditions may increase input expenses, squeezing profit margins
Geographic concentration
The company’s production operations are concentrated in Shamli, Uttar Pradesh. Localized social unrest, natural disasters, or infrastructure issues in this area could materially disrupt business and financial performance
Regulatory compliance
The company requires multiple approvals, licenses, and permits for its operations, many of which need timely renewal. Failure to obtain or renew these on time can lead to sanctions, penalties, or suspension of operations
IPO FAQs
The promoters of the company are Ashok Kumar Bansal, Ayush Bansal, Sudhir Kumar Bansal, Anuj Bansal, Abhinav Bansal, Sandhya Bansal, Ashok Kumar Bansal & Sons HUF, Sudhir Kumar Bansal & Sons HUF, Naresh Chand Bansal & Sons HUF, Ayush Bansal & Sons HUF, Abhinav Bansal & Sons HUF and Anuj Bansal & Sons HUF.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 104.0.
The IPO application opens on May 27, 2025 and closes on May 29, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on May 30, 2025.
The refund will be credited to your account on Jun 02, 2025.
The allotted shares will be credited to your demat on Jun 02, 2025.
Nikita Papers Ltd.’s shares listed on the stock exchanges on Jun 03, 2025.