Nikita Papers IPO: GMP, Day 3 Subscription Status, Allotment Details And More
The latest grey market premium for the Nikita Papers IPO was Rs 4, indicating a 3.85% listing gain when the company lists on NSE SME on June 3.
The initial public offering of Nikita Papers Ltd., which opened on May 27 will close for subscription today. On its final day, the SME IPO was fully subscribed, led by interest from non-institutional and retail investors.
Here's all you need to know about the Nikita Papers IPO as bidding concludes on its final day.
Nikita Papers IPO Day 3 Subscription Status
The IPO has been booked 1.42 times as of 4:20 pm on Thursday.
Qualified Institutions: 0.74 times
Non-Institutional Buyers: 2.11 times
Retail Investors: 1.82 times
The subscription status will be updated at regular intervals.
Nikita Papers IPO GMP Today
The latest grey market premium for the Nikita Papers IPO is Rs 4, recorded at 2:54 pm on Thursday, May 29. With the upper end of the IPO’s price band fixed at Rs 104, the estimated listing price remains Rs 108, indicating a 3.85% listing gain when the company lists on NSE SME on June 3.
Note: GMP is not an official source of data and is based on speculation.
Nikita Papers IPO Details
Nikita Papers Ltd. specialises in manufacturing papers suitable for industrial, commercial and printing applications. It is also responsible for producing paper products. The Nikita Paper IPO price band has been fixed at Rs 94 to Rs 104 per equity share.
Fast Track Finsec Pvt Ltd is the book-running lead manager of the Nikita Papers IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. Rikhav Securities Limited is the market maker for Nikita Papers IPO.
Nikita Papers IPO Allotment Date And Details
The IPO allotment status for Nikita Papers IPO is expected to be finalised on May 30. Investor who bid for the issue can check their share allotment status on the NSE and Skyline Financial Services (IPO registrar) website.
Nikita Papers IPO Listing Date
The company is set to initiate refunds and transfer of shares to the Demat accounts on June 2. Shares of Nikita Papers are scheduled to be listed on the NSE SME platform, Emerge on Tuesday, June 3.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
