Nikita Papers is one of the leading manufacturers of recycled kraft paper, unfolding innovation with cutting-edge technology. From local to international markets, their profound team deliver unparalleled quality kraft paper in order to lead their world towards sustainability. With a vision to preserve the beauty of their environment, they are manufacturing kraft paper from 100% recycled waste paper and embracing innovation in every step of the process.

Nikita Papers, an Book Built Issue Issue amounting to ₹ 67.53 Crores, consisting entirely an Fresh Issue of 64.94 Lakh Shares. The subscription period for the Nikita Papers IPO opens on May 27, 2025, and closes on May 29, 2025. The allotment is expected to be finalized on or about Friday, May 30, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, June 03, 2025.

The Share Price Band of Nikita Papers IPO is set at ₹ 95 to ₹ 104 per equity share. The Market Capitalisation of the Nikita Papers Limited at IPO price of ₹ 104 per equity share will be ₹ 256.54 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,24,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,49,600.

FAST TRACK FINSEC PRIVATE LIMITED is the book running lead manager of the Nikita Papers IPO, while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the issue. Rikhav Securities Limited is the Market Maker for Nikita Papers IPO.

Nikita Papers Limited IPO GMP Today
The Grey Market Premium of Nikita Papers Limited IPO is expected to be ₹ 8 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only

Nikita Papers Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 29 May, 2025, the Nikita Papers Limited IPO live subscription status shows that the IPO subscribed 1.40 times on its Final day of subscription period. Check the Nikita Papers IPO Live Subscription Status Today at NSE.

Nikita Papers IPO Anchor Investors Report
Nikita Papers has raised ₹ 19.24 Crores from Anchor Investors at a price of ₹ 104 per shares in consultation of the Book Running Lead Managers. The company allocated 18,50,400 equity shares to the Anchor Investors. Check Full List of Nikita Papers Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Nikita Papers Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
21 May 2025	₹ 104	₹ 112	₹ 8 (8.32%)	09:00 PM; 21 May 2025

Nikita Papers Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Nikita Papers IPO allotment date is 30 May, 2025, Friday. Nikita Papers IPO Allotment will be out on 30th May, 2025 and will be live on Registrar Website from the allotment date. Check Nikita Papers IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Nikita Papers Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Nikita Papers Limited IPO
Nikita Papers proposes to utilise the Net Proceeds towards the following objects: 
1) ₹ 5,000.00 Lakh is required to meet Capital expenditure towards setting up a Power Plant
2. ₹ 500.00 Lakh is required to meet out the Working Capital requirements of the Company;
3. To meet out the General Corporate Purposes; and
4. To meet out the Issue Expenses.

Refer to Nikita Papers Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

The Upcoming IPOs in this week and coming weeks are Victory Electric Vehicles International, Blue Water Logistics, Unified Data - Tech Solutions, Dar Credit and Capital, Belrise Industries, Wagons Learning.

The Current active IPO are Borana Weaves.

The Closed IPOs are Accretion Pharmaceuticals.

The Recently Listed IPOs which is available for trading in stock Market are Integrity Infrabuild DevelopersVirtual Galaxy Infotech, Srigee DLM, Tankup Engineers, Super Iron Foundry, PDP Shipping & Projects, Sat Kartar Shopping, Fabtech Technologies, Unimech Aerospace, Senores Pharmaceuticals, Mamata Machinery, DAM Capital, Identical Brain Studios, NACDAC Infrastructure, Hamps Bio, Yash Highvoltage and many more.

Read more

About Nikita Papers Limited

Business Overview

Nikita Papers Ltd. is a leading manufacturer of recycled kraft paper, known for delivering superior quality through cutting-edge technology and a commitment to sustainability. Established in 1991 in Shamli, Uttar Pradesh, the company began with a 30 TPD (Tons Per Day) production capacity and has since expanded to an installed capacity of 1,33,000 MTPA (Metric Tons Per Annum).

The company produces kraft paper ranging from 70 to 200 GSM, catering to diverse requirements with multiple Burst Factor (B.F.) grades. Its wide GSM and B.F. range enables service across industries, both domestic and international.

Vision & Objectives

• To be the first choice for kraft paper based on quality, ethics, and sustainability

• To scale operations and service quality, offering top-tier packaging solutions

• To ensure 100% customer satisfaction through continuous innovation and value-added services

Raw Material – 100% Recycled Waste Paper

• Utilizes reusable waste paper sourced from post-consumer and industrial channels

• Collected within a 150 km radius of the plant and through imported sources

• Waste is cleaned, pulped, and blended with additives and maize starch to meet kraft paper standards

Product Utility – Kraft Paper

• Offers high porosity, elasticity, and tear resistance

• Used in secure packaging, eco-friendly bags, cushioning, and DIY crafts

• Available in:

  • Lightweight (70–100 GSM) – ideal for envelopes, interleaving sheets

  • Medium-weight (120–150 GSM) – suited for shopping bags, book covers

  • Heavy-duty (up to 200 GSM) – perfect for robust packaging and backing boards

Nikita Papers Ltd. continues to lead with a focus on environmentally responsible manufacturing and diverse kraft paper solutions for a sustainable future. As on May 09, 2025, the Company had 208 employees. The Bankers to the Company are Punjab National Bank and HDFC Bank.

Industry Analysis

Indian Packaging Industry Overview

India, ranked as the third-largest economy in PPP terms and fifth in GDP (Economic Survey 2022-23), has become a vibrant hub for the global packaging industry. With rapid growth across key industrial sectors and a surge in organized retail and e-commerce, demand for advanced packaging solutions is accelerating. Packaging has evolved beyond basic functionality, becoming a cornerstone of product safety, brand identity, and regulatory compliance.

Types of Packaging in India

The Indian packaging industry is broadly categorized into:

Rigid Packaging

• Wood-based packaging

• Metal containers

• Glass containers

• Paper (corrugated) boxes

• Rigid plastic packaging

Flexible Packaging

• Plastic film-based materials (polymer films)

• Cellophane wraps

While rigid packaging currently dominates, flexible packaging is gaining ground due to its:

• Lightweight nature

• Cost-efficiency

• Enhanced barrier properties

• Easy storage and transportation

This shift is particularly noticeable in the food & beverage and personal care sectors, where flexible packaging is becoming the preferred format.

Market Segmentation by End-User Industries

Packaging serves critical roles across industries—from protection and safety to aesthetics and logistics efficiency.

Key User Sectors and Share in Packaging Demand:

• Processed Food & Beverages – 45% share

• Pharmaceuticals

• Personal & Home Care

• Hot Beverages

• Industrial Products

• Tobacco

Among these, food processing leads the demand for packaging materials, followed by pharma and personal care products.

Institutional Support: Indian Institute of Packaging (IIP)

Established in 1966 under the Ministry of Commerce, the Indian Institute of Packaging (IIP) serves as India’s apex packaging body. Its mandate is to enhance packaging standards and align them with international benchmarks.

Key Activities:

• Training & Education

• Research & Development

• Testing & Certification (NABL accredited)

• Packaging Consultancy & Projects

• UN Certification for hazardous goods

Global Collaborations:

• World Packaging Organization (WPO)

• Asian Packaging Federation (APF)

• Institute of Packaging Professionals (USA)

• Technical Association of Pulp and Paper Industry (TAPPI)

IIP also organizes INDIAPACK (bi-annual exhibition) and INDIASTAR (national packaging awards), and undertakes global initiatives including training African professionals through Indo-Africa Forum initiatives.

Growth Outlook

India’s dynamic consumer landscape, driven by higher income and lifestyle changes, underpins the rapid expansion of the packaging sector.

Sectoral Growth Drivers:

• E-commerce GMV: Projected to grow from $55 Bn (2022) to $350 Bn by 2030

• Food & Beverage Industry: Expected to grow from $322 Bn (2022) to $505 Bn by 2027

• FMCG & Pharma: Strong growth trajectory in line with rising consumption and healthcare needs

Industry Size Forecast:

The Indian packaging market is expected to reach USD 209 Bn by 2025

This growth trajectory is expected to significantly boost demand for sustainable and efficient paper-based packaging solutions.

Indian Paper & Paperboard Packaging Industry

Overview

India ranks among the top 15 global paper producers, contributing ~5% of global paper output. As per the Indian Paper Manufacturers Association (IPMA):

• Industry Turnover: ₹80,000 crore

• Tax Contribution: ₹5,000 crore

• Employment: 0.5 million (direct), 1.5 million (indirect)

Production & Capacity (FY 2023):

Key Paper Types and Applications

Printing & Writing Paper:

• Uncoated (Cream Woven, Copier, Maplitho)

• Coated paper

Industrial Paper / Board:

• Kraft paper

• Duplex boards

Newsprint & Specialty Paper:

• Tissue paper, insulation, filter, greaseproof, absorbent papers

Kraft Paper & Paperboard in Packaging

Kraft Paper:

• Known for high elasticity and tear resistance

• Classified by Burst Factor (BF):

  • Low BF (<35)

  • High BF (≥35)

Applications:

• Corrugated boxes

• Paper bags & wraps

• Sacks, envelopes, sandpaper

• Stationery products

Kraft paper is favored for being eco-friendly, recyclable, and biodegradable, making it a preferred choice in green packaging.

Recent Industry Trends

• FY 2018 & FY 2019: Rising consumption & production

• FY 2021: Decline due to COVID-19 disruptions

• FY 2022 & FY 2023: Strong rebound; production up by 39%, consumption up by 33%

E-commerce growth and reopening of markets contributed significantly to this resurgence.

Conclusion

The Indian packaging industry is entering a golden phase, driven by consumption-led growth, robust policy support, and environmental awareness. With paper and paperboard packaging gaining prominence, particularly in sustainable solutions, India is well-poised to become a global leader in modern, innovative, and eco-friendly packaging

Business Strengths

1. Experienced Promoters
Promoters bring over 25 years of expertise in the paper industry, enabling effective navigation of market fluctuations and reinforcing the company’s competitive position.

2. Expansion into Fluting Media
Commissioned Paper Machine-2 with a capacity of 250 TPD, enabling production of multi-liner kraft and fluting media—a key input in corrugated packaging—expanding the product portfolio and revenue streams.

3. Rising Market Potential
Increasing regulatory restrictions on plastic and growing demand for eco-friendly packaging enhance long-term market opportunities for kraft and recycled paper products.

4. Advanced Technology & Equipment
Adoption of modern machinery boosts efficiency, quality, and cost optimization, offering a competitive edge and supporting scalable, sustainable growth.

5. Strategic Location Advantage
Facility located at a well-connected industrial site, ensuring seamless access to raw materials, utilities, and transportation infrastructure, thereby reducing logistics costs and lead times.

6. Diverse Customer & Dealer Network
Serves a broad client base including MNCs, converters, and packaging firms across sectors like FMCG, pharmaceuticals, food, and cosmetics in both domestic and international markets.

7. Robust Raw Material Supply Chain
Strong supplier partnerships within a 150 km radius and access to imported waste paper ensure stable input sourcing and support supply chain efficiency and innovation initiatives.

Business Risk Factors and Concerns

1. Geographical Concentration Risk
All operations are concentrated in Shamli, Uttar Pradesh, making the company vulnerable to localized disruptions such as social unrest, natural disasters, or infrastructure breakdowns, which could significantly impact business continuity and financial performance.

2. Infrastructure and Competitive Pressure
Increased entry of similar industries in the region without parallel infrastructure upgrades may lead to overburdened facilities and heightened competition, affecting operational efficiency and margins.

3. Raw Material Price Volatility
Profitability is sensitive to waste paper price fluctuations, driven by factors like recycling rates, global demand, and economic conditions. Rising input costs may compress margins unless mitigated through efficiency improvements and diversified sourcing strategies.

4. Customer Concentration Risk
A substantial portion of revenue is derived from a limited number of customers. The top 10 customers contributed over 70% of revenues in recent years. Loss of any major customer could significantly impact revenue and profitability.

Nikita Papers Ltd. faces key risks from geographic concentration, raw material price volatility, customer dependence, and regional competition pressures. These factors could adversely affect operational stability and financial performance unless effectively managed.