Nikita Papers IPO: Price, Overview, And GMP

Nikita Papers IPO- Complete Overview

Nikita Papers IPO under the SME IPO category is a book build issue of Rs. 67.54 Cr from Nikita Papers Limited. It was founded in 1989. The company is involved in paper and paper products trading. It is very focused on custom paper grades for industrial/ commercial and printing markets

The Company generally uses eco-friendly manufacturing methods when it comes to production and likes using recycled materials in manufacturing as well. The international market is led by the company’s distribution network to deliver quality, variety essentially customer need-based.

It is also associated with related verticals (Packaging, tissue paper, specialty paper, etc.) based on size and operations.

Products: Kraft Paper provides a sturdy, breathable packaging choice from 70-200 GSM that is perfect for wrapping, bags, cushioning, and any creative idea that you can think of, using an eco-friendly solution.

Nikita Papers IPO Overview

The Nikita Papers IPO will be available from May 27, 2025, to May 29, 2025. 

The Rs. 67.54 Cr new SME IPO comprises a wholly fresh issue of 64.94 lac Shares. 

The upcoming IPO date of allotment is on May 30. The Nikita Papers IPO price is Rs. 95 to Rs. 104 for each Share. 

The Nikita Papers IPO listing date is Jun 03, 2025 (expected) and listing at the NSE and SME.

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Company Financial

(Amount in Lac)

Period	31 Dec 2024	31 Mar 2024	31 Mar 2023
Total Assets	349.78	299	256.80
Total Revenue	272.38	346.78	401.31
PAT	15.68	16.60	8.65
Net Worth	93.05	77.37	54.74
Reserves & Surplus	74.88	59.20	46.13
Borrowings	206.71	189.24	163.02

 

 

Cash Flows

(Amount in lac)

 

Revenue Bifurcation

Variety-wise Revenue Bifurcation

(Qty. in mtr & Amount in lacs)

 

Geography-wise Revenue Bifurcation

(Amount in lacs)

 

The Objective of the Issue

• Issue costs.

• Capital requirements to establish a power plant.

• Meeting the needs for working capital.

• General corporate purposes.
  
  

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Peers of Nikita Papers Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Magnum Ventures Ltd.	10	5.04	10.64
Tamil Nadu Newsprint and Papers Limited	10	30.08	76.41
Ruchira Papers Ltd.	10	16.48	6.48
Pakka Limited	10	12.57	18.98

 

 

Evaluation

Nikita Papers IPO price is Rs. 95 to Rs. 104 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 9.81 from the last year, the resulting P/E ratio is 10.60x.

Considering the weighted EPS of Rs. 7.84 for the last three years, the P/E ratio is 13.26x.

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Comparative Analysis With Listed Peers

The average P/E Ratio of the paper industry based on listed peers is 22.

Particulars	P/E Ratio (x)
Highest	145.7
Lowest	6.9
Average	22

In simple words, the P/E ratio of this IPO (10.60x), compared with the industry’s average P/E of 22x, has an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

IPO's Strengths

• Fluting media expansion.

• Market potential.

• Innovative types of equipment.

• Strategic location.

• Dealer and customer network.

 

IPO’s Weaknesses

• The paper industry has low profit margins.

• Competitive comparability with local paper mills.

• More taxes on indirect and power-intensive.

 

Nikita Papers IPO GMP

Nikita Papers IPO GMP is Rs. 0 as of 26 May 2025, while writing this information. The Nikita Papers IPO listing price is Rs. 104 (estimated).

IPO Timetable (Tentative)

The Nikita IPO date of application is starting from May 27 to May 29, 2025, allotment on May 30, refund initiation on Jun 02, and listing on Jun 03, 2025.

Events	Date
IPO Opening Date	May 27, 2025
IPO Closing Date	May 29, 2025
IPO Allotment Date	May 30, 2025
Refund Initiation	Jun 02, 2025
IPO Listing Date	Jun 03, 2025

 

Nikita Papers IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 64,94,400 Shares (Rs. 67.54 Cr).

IPO Opening & Closing Date	27 May, 2025 to 29 May, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 95 to Rs. 104 per Share.
Lot Size	1200 Shares
Issue Size	64,94,400 Shares (Rs. 67.54 Cr)
Offer for Sale	-
Fresh Issue	64,94,400 Shares (Rs. 67.54 Cr)
Listing at	NSE, SME
Issue Type	Book Building Issue
Registrar	Skyline Financial Services Private Ltd.

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs. 1,24,800 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs. 2,49,600.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

The Aegis Vopak Terminals IPO application is available now.

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional’s Portion	15%

 

Promoters And Management of Nikita Papers Ltd.

• Mr. Ashok Kumar Bansal

• Mr. Sudhir Kumar Bansal

• Mr. Ayush Bansal

• Mr. Abhinav Bansal

• Mr. Anuj Bansal

• Ashok Kumar Bansal & Sons HUF

• Naresh Chand Bansal & Sons HUF

• Sudhir Kumar Bansal & Sons HUF

• Ayush Bansal & Sons HUF

• Abhinav Bansal & Sons HUF

• Anuj Bansal & Sons HUF.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Fast Track Finsec Pvt Ltd.
  
  

Dividend Policy

The company has not paid a dividend in any financial year.

 

 

Conclusion

Nikita Papers IPO offers an investment opportunity in the eco-friendly paper industry with strong financials and competitive valuation. With a fair P/E ratio and expanding market reach, the IPO opens on May 27, 2025, and will list on June 3, 2025.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.