80  Total SME IPOs listed in 2025

3,561.41 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

80  Total SME IPOs listed in 2025

3561.41 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

80  Total SME IPOs listed in 2025

3561.41 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

80  Total SME IPOs listed in 2025

3561.41 Crs.  Total funds raised in 2025

53  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

Nikita Papers Limited IPO Analysis

Nikita Papers IPO is a Book Building listing on NSE EMERGE exchange, with an ipo size of ₹ 67.54 Cr. The company is based in New Delhi and caters to Paper And Stationery sector. Fast Track Finsec is the merchant banker of Nikita Papers IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 5th July 2024.

Nikita Papers IPO posted revenues of ₹ 363.17 crores and PAT of ₹ 20.91 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 363.17 Cr.
            EBITDA: ₹ 58.40 Cr.
            PAT: ₹ 20.91 Cr.
  • EBITDA Margin: 16.08 %
            Pat Margin: 5.76 %
  • Net Worth: ₹ 93.05 Cr.
  • Market Capitalisation: ₹ 256.55 Cr.
  • P/E: 12.27 times
  • P/BV: 1.60 times
  • EV/EBITDA: 7.84 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Nikita Papers IPO Financial Performance (Restated)

Financial results of Nikita Papers IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-24 FY24 FY23 FY22
Balance Sheet
Assets 349.78 299.00 256.79 235.29
Net Worth 93.05 77.37 54.74 46.09
Total Debt 206.71 189.23 163.01 124.73
Profit & Loss
Revenue
Revenue on annualised basis
272.38
363.17
338.60 398.33 356.41
EBITDA
EBITDA on annualised basis
43.80
58.40
48.40 30.55 29.62
PAT
PAT on annualised basis
15.68
20.91
16.59 8.64 6.95
Financials
31-Dec-24
FY24
FY23
FY22
Balance Sheet
Assets
349.78
299.00
256.79
235.29

Net Worth
93.05
77.37
54.74
46.09

Total Debt
206.71
189.23
163.01
124.73

Profit & Loss
Revenue
Revenue on annualised basis
272.38
363.17
338.60
398.33
356.41

EBITDA
EBITDA on annualised basis
43.80
58.40
48.40
30.55
29.62

PAT
PAT on annualised basis
15.68
20.91
16.59
8.64
6.95

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Nikita Papers IPO Key performance Indicators (KPI)

Nikita Papers IPO PAT Margin is 5.76 % , ROCE (Return on Capital Employed) is 22.28 % as per latest financial. The below table shows Nikita Papers IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-24 FY24 FY23 FY22
EBITDA Margin (%) 16.08 14.29 7.67 8.31
PAT Margin (%) 5.76 4.90 2.17 1.95
EPS (₹) 8.63 9.81 5.28 7.05
ROE (%) 16.85 21.44 15.78 15.08
ROCE (%) 22.28 28.71 15.55 14.32
ROA (%) 4.48 5.55 3.36 2.95
Debt to Equity 2.22 2.45 2.98 2.71
Particulars
31-Dec-24
FY24
FY23
FY22

EBITDA Margin (%)
16.08
14.29
7.67
8.31

PAT Margin (%)
5.76
4.90
2.17
1.95

EPS (₹)
8.63
9.81
5.28
7.05

ROE (%)
16.85
21.44
15.78
15.08

ROCE (%)
22.28
28.71
15.55
14.32

ROA (%)
4.48
5.55
3.36
2.95

Debt to Equity (x)  
2.22
2.45
2.98
2.71

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Nikita Papers IPO Valuation Metrics

The market Capitalisation of Nikita Papers IPO is ₹ 256.55 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
256.55

Enterprise Value (EV) (₹ Cr.):
457.71

EV/EBITDA (times) :
7.84

PE Multiple (times) :
12.27

P/B (times) :
1.60

NAV (₹) :
51.20

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Nikita Papers prospectus?

The Nikita Papers IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Nikita Papers IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Nikita Papers IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Nikita Papers IPO ?

The post-IPO market capitalisation of Nikita Papers IPO is ₹ 256.55 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Nikita Papers IPO?

The Nikita Papers IPO has a Price-to-Earnings (PE) ratio of 12.27 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Nikita Papers IPO?

Nikita Papers IPO reported revenue of ₹ 363.17 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Nikita Papers IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Nikita Papers IPO?

Nikita Papers recorded an EBITDA of ₹ 58.40 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Nikita Papers IPO?

Nikita Papers Profit After Tax (PAT) is ₹ 20.91 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 363.17 Cr.
            EBITDA: ₹ 58.40 Cr.
            PAT: ₹ 20.91 Cr.
  • EBITDA Margin: 16.08 %
            Pat Margin: 5.76 %
  • Net Worth: ₹ 93.05 Cr.
  • Market Capitalisation: ₹ 256.55 Cr.
  • P/E: 12.27 times
  • P/BV: 1.60 times
  • EV/EBITDA: 7.84 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Nikita Papers operates in Paper And Stationery and Manufacturing Of Paper And Paper Products.. The Issue is listed on NSE EMERGE in Jun, 2025. Nikita Papers IPO size was 67.54 with Issue price of 104.00 .

Nikita Papers IPO subscription was 1.43 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Nikita Papers IPO listed at a listing price of 90.00 against the offer price of 104.00.

The current market price of Nikita Papers is 103.15.

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