Nikita Papers SME IPO Day 2: Subscribed 89%, Strong Uptick in Retail and NII Segments

Authored By HDFC SKY | Last Modified: May 31, 2025 10:45 PM IST

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Mumbai, 28 May 2025: The SME IPO of Nikita Papers Limited continued its upward trajectory on Day 2, reaching 89% overall subscription, as per NSE data at 5:00 PM. The company received bids for 50.25 lakh shares against the net issue size of 56.25 lakh shares, showing growing investor traction ahead of the final bidding day.

Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs) notably increased their participation, reflecting strengthening market confidence

Day 2 Subscription Overview (NSE Bidding)

Category	Applications Received	Shares Bid For
Qualified Institutional Buyers (QIBs)	1	9,61,200
— Foreign Institutional Investors	1	9,61,200
— Domestic Institutions, MFs, Others	0	—
Non-Institutional Investors (NII)	47	17,07,600
— Corporates	2	3,79,200
— Individuals (non-retail)	45	13,28,400
Retail Individual Investors (RIIs)	1,964	23,56,800
— Cut-off Bids	1,167	14,00,400
— Price Bids	797	9,56,400
Total	2,012	50,25,600

Cumulative Subscription (Net Issue): 0.89x (89%)

Comparison to Day 1

Segment	Day 1 Bids	Day 2 Bids	Growth
RIIs	15,88,800	23,56,800	+48%
NIIs	5,84,400	17,07,600	+192%
QIBs	9,61,200	9,61,200	No Change
Total	31,34,400	50,25,600	+60%

IPO Snapshot

Issue Size: 64.94 lakh shares (incl. MM portion)
Net Issue: 56.25 lakh shares
Price Band: ₹95 – ₹104
Lot Size: 1,200 shares
Minimum Investment: ₹1,24,800 (at upper band)
Issue Closes: May 29, 2025
Lead Manager: Fast Track Finsec Pvt. Ltd.
Registrar: Skyline Financial Services Pvt. Ltd.
Listing Platform: NSE SME (NSE Emerge)

Outlook

Retail investor bids jumped nearly 48%, while NII participation surged by 192%, driven largely by individuals and corporates. QIB interest remained steady, with a single foreign institutional investor participating. With one day to go, the IPO is poised for full subscription, supported by strong retail and NII momentum.

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=Active

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