Based on the most recent knowledge, the gray market premium (GMP) for Nikita Papers stands at Rs 0 as of June 2. With the IPO value mounted on the higher finish of the band at Rs 104 per share, the estimated itemizing value can also be anticipated to be round Rs 104 — implying no anticipated features or losses for buyers on debut.
Regardless of regular financials, market response and lack of GMP momentum counsel a cautious investor stance.
The IPO, which was solely a recent concern of 64.94 lakh shares, was open for subscription between Could 27 and Could 29. The lot measurement was 1,200 shares, requiring a minimal funding of Rs 1.24 lakh for retail buyers. The difficulty barely crossed the minimal threshold, pointing to weak demand, particularly when in comparison with latest SME listings.
Nikita Papers is engaged within the manufacturing of kraft paper utilized in packaging purposes equivalent to corrugated packing containers, paper luggage, and wrapping paper. The corporate provides a GSM vary of 70–200 and operates from its manufacturing unit in Uttar Pradesh. It primarily caters to home demand and has a distribution base throughout India.
The IPO proceeds are proposed for use for gear upgrades, growth into fluting media, and dealing capital necessities. Quick Monitor Finsec was the lead supervisor to the difficulty, whereas Skyline Monetary Companies acted because the registrar.In FY24, the corporate reported income of Rs 346.78 crore and a internet revenue of Rs 16.60 crore. For the 9 months ended December 2024, it clocked Rs 272.38 crore in income and Rs 15.68 crore in PAT, indicating steady operational efficiency.(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)
