Nikita Papers IPO: All Eyes on Listing After Allotment and Zero GMP Signal Cautious Start

The much-anticipated Nikita Papers IPO has completed its allotment process today, May 30, with investors now able to check their status via the registrar, Skyline Financial Services. The ₹67.54 crore IPO, which ran from May 27 to May 29, saw only modest demand, closing with an overall subscription of 1.43 times. Non-institutional investors led the way with 2.11 times subscription, while retail investors subscribed at 1.84 times and QIBs at 0.74 times.

 

Key Highlights:

Use of Proceeds: Funds will be directed toward expanding production capacity, modernizing equipment, and supporting working capital needs.

 

While listing gains appear unlikely due to the lack of a GMP, Nikita Papers’ established market presence and sustainability focus may attract long-term investors post-listing.

 

Sources: Economic Times, Business Standard, NDTV Profit