Nikita Papers IPO

About Company

Nikita Papers IPO is a bookbuilding of ₹67.54 crores. The issue is entirely a fresh issue of 64.94 lakh shares. 

Nikita Papers IPO opens for subscription on May 27, 2025 and closes on May 29, 2025. The allotment for the Nikita Papers IPO is expected to be finalized on Friday, May 30, 2025. Nikita Papers IPO will be list on NSE SME with a tentative listing date fixed as Tuesday, June 3, 2025. 

Nikita Papers IPO price band is set at ₹95 to ₹104 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,14,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription scenario, which is about to ₹1,24,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,49,600. 

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. The market maker for Nikita Papers IPO is Rikhav Securities Limited.

Refer to Nikita Papers IPO RHP for detailed information.

Industry Outlook

1. The UPS Market is valued at ₹96,432 million in FY24, the Indian UPS market is projected to grow at a CAGR of 8.22% till FY30. Growth is fuelled by frequent power outages, increased reliance on digital infrastructure, and expanding commercial and industrial sectors.

1. The Lithium-Ion Battery Market is estimated at ₹5,58,078 million in FY24, this market is expected to surge to ₹16,39,090 million by FY30, growing at a CAGR of 19.67%. Demand is driven by applications in electric vehicles, consumer electronics, and renewable energy storage.

1. The Solar Hybrid Inverter Market has reached ₹5,242 million in FY24, with a CAGR of 9.21% between FY19 and FY24. It is forecasted to grow at 18.60% CAGR till FY30, supported by India’s push for decentralized solar energy adoption.

1. The Solar EPC Market is current at ₹135,464 million in FY24, the market is expected to grow to ₹2,22,112 million by FY30. Rooftop solar and integrated solar-plus-storage solutions are key growth drivers. 

Nikita Papers IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Allocate ₹7,250 lakhs to meet the company’s growing working capital requirements, supporting increased demand for its power solution products and services across India.

1. Utilise ₹1,795.83 lakhs to prepay or repay, in full or in part, certain outstanding borrowings, thereby improving the company’s debt-to-equity ratio and reducing interest costs.

1. Deploy a portion of the proceeds (not exceeding 25% of gross proceeds) for strategic acquisitions and other growth initiatives to expand market presence and product capabilities.

1. Use the remaining funds (within a cap of 35% of gross proceeds) for general corporate purposes including brand building, operational efficiency, and potential capital expenditure.

About Nikita Papers Limited 

Nikita Papers Limited, originally incorporated as Prostar Micronova Power Systems Private Limited in 2008, began its journey by selling and installing batteries and uninterruptible power supply (UPS) systems sourced from third-party vendors. The company transitioned into a public limited company in 2017 and adopted its current name the same year.

Today, Prostarm is a comprehensive power electronics solutions provider, engaged in the design, manufacturing, assembly, and supply of energy storage and power conditioning equipment. Its product portfolio includes UPS systems, inverters, lift inverter systems, solar hybrid inverters, lithium-ion battery packs, servo-controlled voltage stabilizers, and isolation transformers. The company also undertakes rooftop solar photovoltaic (PV) power plant projects on an EPC basis across India.

Prostarm serves a wide range of industries including healthcare, BFSI, IT, defence, education, and renewable energy. It is an empanelled vendor with several government bodies such as the Airports Authority of India, NTPC Vidyut Vyapar Nigam Limited, and Railtel Corporation of India Limited.

With over 15 years of experience, Prostarm has built a strong customer base, with 40% of its Fiscal 2024 revenue coming from clients associated with the company for over three years. The company’s operations are supported by a mix of in-house manufacturing and third-party contract manufacturing, enabling it to offer both standard and customized solutions.

Prostarm’s strategic focus on quality, innovation, and customer-centric service positions it as a trusted partner in India’s growing power solutions and renewable energy landscape.

How To Check the Allotment Status of the Nikita Papers IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.

1. Go to the IPO Section and then to IPO Orders.

1. Select the individual IPO that you had applied for and check the allotment status.

1. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Nikita Papers IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.

1. Locate the IPO Section: Navigate to the 'IPO' section on the platform.

1. Select IPO: Find and select the Nikita Papers IPO from the list of open IPOs.

1. Enter the Lot Size: Specify the number of lots you want to bid for.

1. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.

1. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.