Nikita Papers IPO To open on May 27, the price tape is set at £ 95-104 per share | Einsmark news

Kraft paper manufacturer Nikita Papers set the price tire at £ 95-104 per share on Saturday for its initial public offer of £ 67.5. The initial share sale will open for public subscription on May 27 and conclude on May 29. The shares of the company will appear on the NSE’s SME platform, the company said in a statement. Investors can bid for a minimum of 1 200 shares and in multiples. At the top of the price tape, the company will mobilize about £ 67.54, he added. The initial public offer (IPO) of the business is entirely a new edition of 64.94 Lakh shares. The net returns from the new edition will be used to meet capital expenditure for the construction of a power station, funds will also be used for the company capital requirements of the company, and issue rest balance for general corporate purposes and expenses. “While we take the next step in our journey through the proposed initial public offering, our focus remains on building long-term value through responsible growth. At Nikita Papers Ltd, we have gradually expanded our capabilities in Kraft Paper manufacturing, while we maintain a clear commitment to sustainability and operational efficiency,” the chairman of Nikita Papers Sudhir said. Shamli, Uttar Pradesh, recorded in 1989, is working on the manufacture of paper and paper products. The company specializes in producing a variety of paper degrees suitable for industrial, commercial and pressure applications. The company reported an income of £ 338.60 crore and a profit after tax of £ 16.60 in FY24. Fast Track Finseec is the book that General Manager runs and Skyline Financial Services is the Registrar of the Edition.