Nikita Papers IPO - Day 3 Subscription at 1.43 Times

Nikita Papers' initial public offering (IPO) has shown steady progress through its three-day subscription period. The ₹67.54 crore IPO has witnessed consistent demand, with subscription rates opening at 0.60 times on day one, rising to 0.89 times on day two, and reaching 1.43 times by 5:20:00 PM on the final day, demonstrating growing investor interest in this manufacturer of paper and paper products that specialises in producing a range of paper grades suitable for industrial, commercial, and printing applications, with a focus on environmentally sustainable production processes.

Nikita Papers IPO non-institutional investors segment leads with 2.11 times subscription, while retail investors show solid participation at 1.84 times and qualified institutional buyers at 0.74 times, reflecting investor confidence in this company that offers Kraft Paper ranging from 70–200 GSM and serves both domestic and international markets through its strong distribution network with 208 employees as of May 2025.

Nikita Papers IPO subscription reaching solid 1.43 times on the final day, led by NII (2.11x), Retail (1.84x) and QIB (0.74x). Check the details at 5paisa.
 

Subscription Status of Nikita Papers IPO:

Here are the subscription details for Nikita Papers IPO as of Day 3 (May 29, 2025, 5:20:00 PM):

Key Highlights - Day 3:

• Overall subscription reaching solid 1.43 times, showing steady growth from day two's 0.89 times
• NII segment leading with good demand at 2.11 times, up from day two's 1.49 times
• Retail investors demonstrating solid interest at 1.84 times, up from day two's 1.10 times
• QIB segment showing improved participation at 0.74 times, up from day two's 0.43 times
• Total applications reached 3,519, indicating good investor participation
• The cumulative bid amount reached ₹78.636 crores
• Final day demonstrating growing confidence in the paper manufacturing sector
• All investor categories are showing oversubscription except QIB, reflecting broad-based retail and NII interest
• Strong retail participation reflects confidence in the sustainable paper production business model

Nikita Papers IPO - Day 2 Subscription at 0.89 Times

Key Highlights - Day 2:

• Overall subscription rising to 0.89 times, showing growth from day one's 0.60 times
• NII segment showing strong improvement at 1.49 times, more than double day one's 0.63 times
• Retail investors showing increased interest at 1.10 times, up from day one's 0.75 times
• QIB segment maintains steady participation at 0.43 times, unchanged from day one
• Second day momentum indicates growing investor confidence in the apparel manufacturing sector
• Sustainable production processes are attracting increased investor attention
• Second day, setting the foundation for the final day acceleration

Nikita Papers IPO - Day 1 Subscription at 0.60 Times

Key Highlights - Day 1:

• Overall subscription opening at 0.60 times, showing initial investor interest
• Retail investors began at 0.75 times, indicating early individual investor confidence
• NII segment showing initial interest at 0.63 times, reflecting early high-net-worth investor participation
• QIB segment showing modest initial participation at 0.43 times on day one
• Opening day demonstrates moderate investor engagement across categories
• Initial momentum reflecting the assessment of the paper manufacturing sector opportunity
• Kraft paper manufacturing expertise draws initial investor attention
• First day, setting the foundation for subsequent growth

About Nikita Papers IPO

Incorporated in 1989, Nikita Papers Limited is engaged in the manufacturing of paper and paper products. The company specialises in producing a range of paper grades suitable for industrial, commercial, and printing applications. The company focuses on environmentally sustainable production processes, often incorporating recycled materials in its manufacturing.

With a strong distribution network, Nikita Papers Limited serves both domestic and international markets, striving to maintain quality and consistency. The company offers Kraft Paper, a durable and breathable packaging solution ranging from 70–200 GSM, ideal for wrapping, bags, cushioning, and various eco-friendly and creative applications. As of May 2025, the company has 208 employees.

Financial performance shows steady operations with revenue of ₹346.78 crores in FY2024 and profit after tax of ₹16.60 crores. For the nine months ended December 2024, the company reported revenue of ₹272.38 crores with PAT of ₹15.68 crores. The company maintains good profitability metrics with 21.45% ROE, 28.71% ROCE, and 21.45% RONW, while operating with a debt-to-equity ratio of 0.45.

Highlights of the Nikita Papers IPO:

• IPO type: Book Building IPO
• IPO size: ₹67.54 crores
• Fresh Issue: 64.94 lakh shares
• Face value: ₹10 per share
• Issue price band: ₹95 to ₹104 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,24,800
• Minimum investment for HNI: ₹2,49,600 (2 lots)
• Market maker reservation: 3,26,400 shares
• Listing at: NSE SME
• IPO opens: May 27, 2025
• IPO closes: May 29, 2025
• Allotment date: May 30, 2025
• Listing date: June 3, 2025
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