Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share
Nikita Papers, manufacturer of Kraft paper, has proposed its plan to go public with an Initial Public Offering on May 26 (for anchor investor) and May 27 (for other than anchor investor). The company is aiming to raise Rs 67.54 crores at upper price band through this IPO, with shares set to be listed on the NSE Emerge.
The Fresh Issue Size is 64,94,400 Equity Shares of Rs 10 each and the issue size is Rs 67.54 Crore (At Upper Band). The price band is set at Rs 95 – Rs 104 per share. The lot size is 1,200 equity shares.
The issue size is 64,94,400 equity shares of face value of Rs 10 each.The equity share allocation for QIB Anchor Portion is up to 18,50,400 equity shares, for Net QIB – Up to 12,33,600 equity shares, for NII is not less…
