Nikita Papers launched its IPO on May 27, aiming to raise Rs 67.54 crore through a fresh issue, with the price fixed between Rs 95 and Rs 104 per share. Despite a neutral grey market premium, the company plans to use the IPO proceeds for a new power plant and working capital. The firm reported a profit of Rs 16.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets