Nikita Papers Limited is set to launch its Initial Public Offering (IPO) to raise INR 67.5 crore.
May 26, 2025
Nikita Papers Limited is set to launch its Initial Public Offering (IPO) to raise INR 67.5 crore. The public issue will open for subscription on May 27, 2025, and close on May 29, 2025.
Watch: In Pursuit of Lesser Water Footprint
The company has fixed a price band of INR 95 to INR 104 per share. The IPO consists of a fresh issue of 64.94 lakh equity shares that will be listed on NSE Emerge.
Investors can bid in lots of 1,200 shares and in multiples thereof. The proceeds from the IPO will be allocated toward setting up a new power plant, meeting working capital requirements, and covering general corporate purposes and issue-related expenses.
Also Read: Lineomatic Installs 3 Apex RS195 Folio-Size Sheeter Machines at Indian Paper Mill
Sudhir Kumar Bansal, Chairman of Nikita Papers, emphasized that the proposed IPO will focus on building long-term value through responsible growth. The company has steadily expanded its capabilities in kraft paper manufacturing while maintaining its commitment to sustainability and operational efficiency.
