Nikita papers are involved in the production of paper and related products. The company focuses on creating a variety of paper grades that Cater to Industrial, Commercial, and Printing Needs.
Nikita Papers Emphasizes Environmentally Sustainable Manufacturing practices, often utilising Recycled Materials in its production processes. With an extended distribution network, the company services both local and international markets, aiming to uphold quality and consistency.
Depending on its scale and operations, nikita papers might also engage in sector like packaging, tissue paper, or specialized paper products.
As per the red herring Prospectus (rhp), the company’s listed peers are magnum ventures Ltd (with a p/e of 10.64 times), Tamilnadu Newsprint and Papers Ltd (with a P/E of 76.41) (With a P/e of 6.48 times), and Pakka Ltd (with a P/e of 18.98 times).
Nikita Papers IPO Subscription Status
Nikita Papers IPO subscription status is 40%, on day 1, so far. The retail portion is subscribed 72%, and nii portion is booked 63%.
The company has received bids for 21,42,000 shares against 52,99,200 shares on offer, at 16:15 IST, according to data on chittorgarh.com
Nikita Papers iPo Details
Nikita Papers IPO CONSISTS of a Fresh issue of 64,94,400 Equity Shares, Aggregating to 67.54 Crore. There’s no offer for sale (ofs) component.
The funds raised from the IPO will be allocated towards Financing The Capital Expenses for Establishing a Power Plant, Fulfilling The Company’s Working Capital Needs, and Coveering Genral Corporate Expenses, Including issue costs.
Fast Track Finsec Private Limited is Serving as the Book Running Lead Manager for the Issue, while SkyLine Financial Services Private Limited is ACTING As the Registrar for the Issue.
Nikita Papers iPo Gmp Today
Nikita Papers IPO Gmp Today is +2. This indicates nikita papers share price was trading at a premium of 2 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of nikita papers share price is indicated at 106 Apiece, which is 1.92% higher than the IPO price of 104.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
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