Nikita Papers Limited SME IPO Opens May 27
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
New Delhi, May 23, 2025 — Nikita Papers Limited is set to launch its SME Initial Public Offering (IPO) on May 27, 2025. The company is offering up to 64.94 lakh equity shares via the book-building route and aims to list on the NSE Emerge platform.
The IPO comprises a fresh issue only, with no Offer for Sale (OFS) component. The issue will remain open from May 27 to May 29, and the price band has been set between ₹95 to ₹104 per share.
IPO Snapshot
| Detail | Info |
|---|---|
| Issue Opens | May 27, 2025 |
| Issue Closes | May 29, 2025 |
| Price Band | ₹95 – ₹104 per share |
| Issue Size | ₹67.54 Cr (approx) / 64.94 lakh shares |
| Face Value | ₹10 per share |
| Lot Size | 1,200 shares |
| Minimum Investment | ₹1,24,800 (at upper band) |
| Listing Exchange | NSE SME (NSE Emerge) |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| Lead Manager | Fast Track Finsec Pvt. Ltd. |
| Allotment Date | Likely by May 30, 2025 |
| Listing Date | Expected on or around June 3, 2025 |
About Nikita Papers Limited
Established in 1989, Nikita Papers Limited is a manufacturer of kraft paper primarily used for industrial packaging. The company has an installed capacity of 1.33 lakh metric tonnes annually, producing kraft paper ranging from 80 to 200 GSM. Its manufacturing unit is located in Shamli, Uttar Pradesh. The primary customers include manufacturers of corrugated boxes, to whom Nikita Papers supplies its kraft paper.
Nikita Papers brings over three decades of experience in paper manufacturing, a loyal customer base, and consistent profitability.
Financial Overview
According to restated financial statements:
- FY24 Revenue: ₹346.78 Cr
- FY24 Profit After Tax (PAT): ₹16.60 Cr
- 9 Months FY25 Revenue: ₹272.38 Cr
- 9 Months FY25 PAT: ₹15.68 Cr
- Net Worth (as of Dec 31, 2024): ₹93.05 Cr
- Earnings Per Share (EPS) FY24: ₹9.81
- Return on Equity (ROE) FY24: Approximately 21.5%
The company has demonstrated steady growth and healthy profit margins, with a reduction in debt levels over the past two financial years.
Promoters & Use of IPO Funds
This IPO is a fully fresh issue. Before the IPO, promoters hold 80.38% of the shares, which will decrease to 59.22% post-issue. The funds raised will be allocated as follows:
- ₹50 crore towards setting up a power plant
- ₹5 crore for working capital requirements
- The remaining amount for general corporate expenses and IPO-related costs
Key Participants
- Book Running Lead Manager: Fast Track Finsec Pvt. Ltd.
- Registrar: Skyline Financial Services Pvt. Ltd.
- Market Maker: Rikhav Securities Ltd. (Reserved 3.26 lakh shares)
Final Thoughts
Investors interested in the SME sector, particularly those tracking packaging and paper manufacturing, can refer to Nikita Papers Limited’s IPO RHP for detailed information. Subject to the finalisation of allotment, the shares are expected to be listed on the NSE Emerge platform around June 5, 2025.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
REF: https://www.nseindia.com/market-data/issue-information?symbol=NIKITA&series=SME&type=Forthcoming
