Nikita Papers IPO listing on June 3. Check GMP and other details

Nikita Papers is ready to launch its IPO on the NSE SME platform on Tuesday. The IPO size is Rs 67.54 crore. Subscription was slightly above 1x. Grey market activity suggests a quiet debut. The IPO price is Rs 104 per share. The company manufactures kraft paper. Proceeds will fund upgrades and expansion. In FY24, revenue was Rs 346.78 crore.

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