Nikita Papers SME IPO Day 2: Subscribed 89%, Strong Uptick in Retail and NII Segments
By HDFC SKY | Updated at: May 31, 2025 10:45 PM IST
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
