NIKITA PAPERS LIMITED
Corporate Identification Number: U74899DL1989PLC129066

Our Company was originally incorporated as a Private Limited Company with the name "Nikita Papers Private Limited" pursuant to a certificate of incorporation dated August 18,1989 issued by the ROC in accordance with provisions of the Companies Act, 1956. Thereafter upon conversion into a public company, pursuant to a shareholders' resolution dated May 26, 2003, the name of the company finally changed to ‘Nikita Papers Limited" and fresh certificate of incorporation was issued by the ROC dated June 12, 2003, as on date of this Prospectus, the Corporate Identification Number of our Company is U74899DL1989PLC129066. For further details of incorporation please refer to section titled "our history and certain other corporate matters" beginning on page no. 240 of the Prospectus.

Nikita Papers Limited is a Public Limited Company initially incorporated as Private Limited Company on 18.08.1989. It was subsequently converted into a Public Limited Company on 12.06.2003. The Company is having its registered office at A-10, First Floor, Near Deepali Chowk. Saraswati Vihar, Pitampura. New Delhi 110034 and corporate office at C-10, Industrial Estate, Panipat Road, Shamli-247776 (U.P). In 1991, a Unit in the name of Nikita Papers Ltd. was established at Industrial Estate, Panipat Road, Shamli (U.P) to manufacture Kraft paper with 30 Tons per Day Capacity. Since then, the company has undergone through many expansion & modernizations time to time as per the demand of the market to maintain its quality and now the paper quality of the company is well established in the paper market. At present the installed capacity of the company is approx. 1,33,000 M.T. per annum. The company is in manufacturing Kraft paper ranging from 80 to 200 GSM in various Burst Factor (B.F.) ranges. This diverse product offering allows Nikita Papers Ltd. to cater to a wide range of customer needs within the paper industry. For detailed information please refer chapter titled ‘‘Our Business" on 203 of the Prospectus.

INITIAL PUBLIC ISSUE OF UPTO 64,94,400 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH OF NIKITA PAPERS LIMITED ("NIKITA", "NPL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 104/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 94/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs 6754.18 LAKHS ("THE ISSUE"), OF WHICH 3,26,400 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FOR CASH AT A PRICE OF Rs 104/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 94/- PER EQUITY SHARE AGGREGATING TO Rs 339.46 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 61,68,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH AT A PRICE OF Rs 104/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 94/- PER EQUITY SHARE AGGREGATING TO Rs 6414.72 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE", THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.33% AND 25.00%, RESPECTIVELY. OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Risk to Investors:

1. Raw material cost fluctuations impact the profitability and stability of businesses across various industries, necessitating adaptive strategies for procurement and pricing.

2. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability.

3. Certain of our corporate filings and records are not traceable, while certain corporate records have errors. We cannot assure that regulatory proceedings or actions will not be initiated against us in the future and we will not be subject to any penalty imposed by the competent regulatory authority in this regard.

4. Our Company has negative cash flows from its operating activities, investing activities as well as financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact our growth and business.

5. Our production operations are geographically located in one area i.e., Shamli, Uttar Pradesh and any localized social unrest, natural calamities, etc. could have material adverse effect on business and financial operations.

6. Our Company had filed certain Annual Returns (MGT-7) and Financial Statements (AOC-4/ AOC-4 XBRL) with delayed fees and Company cannot assure that no proceedings or regulatory actions will be initiated against it in relation to the non-filing and delayed filing.

7. We are primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of these raw materials or fluctuations in their prices could have a material adverse effect on our business operations and financial conditions.

8. We may not be able to sustain historical growth in our revenue from operations and profit for year in future periods, which could have an adverse impact on our financial condition and results of operation.

9. Our Company has file certain forms with delayed fees and Company cannot assure that no proceedings or regulatory actions will be initiated against it in relation to the non-filing and delayed filing.

10. We have incurred substantial indebtedness which exposes us to various risks which may have an adverse effect on our business and results of operations.

• Average cost of acquisition of Equity Shares held by the promoters is:

and the offer price at the upper end of the price Band is Rs. 104.00/- per Equity Share

The Price/Earning ratio based on diluted EPS for Fiscal 2024 for the company at the upper end of the Price Band is Rs. 10.60. Weighted Average Return on Net Worth for Fiscals 2024,2023 and 2022 is 18.50%.

Weighted average cost of acquisition, floor price and cap price

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBIICDR Regulations and in compliance with Regulation 253 of SEBI (ICDR) Regulations, wherein not more than 50.00% of the Net Issue was made available for allocation on a proportionate basis to QIBs ("QIB Portion"). Further, not less than 15.00% of net issue was made available for allocation on proportionate basis to Non- Institutional Investors and not less than 35.00% of the Net Issue was made available for allocation to Retail Individual Bidders, in accordance with SEBI ICDR Regulations, subject to valid bids being received at the issue price. All potential Bidders are required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 370 of the Prospectus. The investors are advised to refer to the prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the Designated Stock Exchange will be National Stock Exchange of India Limited ("NSE"). The trading is proposed to commence on June 03,2025*.

The bidding for Anchor Investors opened and closed on Tuesday 26^,h May, 2025. The Company received 4 Anchor Investor Application Forms from 4 Anchor Investors (including Nil mutual funds through Nil Mutual Fund schemes) for 8,68,800 Equity Shares. The Anchor Investor Allocation price was finalized at 104/- per Equity Share. A Total of 8,68,800 Equity Share were allotted under the Anchor Investors Portion aggregating to Rs. 9,03,55,200/-.

The issue has received 4118 applications, excluding Anchor Investors (before technical rejections) for 91,80.000 equity shares resulting in subscription of 2.08 times (including reserved portion of Market Maker). The details of the applications received in the issue (before technical rejections but after applications not banked) are as follows:

A summary of the final demand as per NSE as on the Bid/ Issue Closing Date at different Bid price is as under:

The basis of Allotment was finalized in consultation with the designated Stock Exchange, being National Stock Exchange of India Limited ("NSE Emerge) on 30^th may, 2025.

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off Price or at the Issue Price of Rs. 104 per Eguity Share, was finalised in consultation with NSE. The Category has been subscribed to the extent of 1.84 times (after rejection). The Total number of Equity Share Allotted in the category is 24,14,400 Equity Shares to 2012 successful applicants. The details of the Basis of allotment of the said category are as under:

The Basis of Allotment to the Non-lnstitutional Investors, who have Bid at Rs. 104 per Equity Share, was finalised in consultation with NSE. The Category has been subscribed to the extent of 0.72 times (after rejection). The Total number of Equity Share Allotted in the category is 6,69,600 Equity Shares to 198 successful applicants. The details of the Basis of allotment of the said category are as under:

The Basis of Allotment to the Market Maker, who have Bid at Issue Price of Rs. 104 per Equity Share, was finalised in consultation with l\!SE. The Category has been subscribed by 1.00 times i.e. 3,26,400 Equity Shares the total number of Equity Share Allotted in this category is 3,26,400 Equity Shares. The Category wise details of the Basis of allotment are as under:

The Basis of Allotment to the QIB, who have Bid at the Issue Price of Rs. 104 per Equity Shares, was finalised in consultation with NSE. The Category has been subscribed to the extent of 0.74 times (after rejection). The Total number of Equity Share Allotted in the QIB category is 16,40,400 Equity Shares, which were allotted to 3 successful applicant. The details of the Basis of allotment of the said category are as under:

The Underwriter, underwrites unsubscribed portion of QIB (i.e. 5,74,800) as per his obligation to underwrite, at the Issue Price of Rs. 104 per Equity Shares, was finalised in consultation with NSE. The total number of Equity Share Allotted to Underwriter is 5,74,800 Equity Shares. The details of the Basis of allotment of the said category are as under:

The Company in consultation with the BRLM has allocated 8,68,800 Equity shares to 4 Anchor Investors at the Anchor Investor Issue Price of Rs. 104 per Equity Shares in accordance with the SEBI (ICDR) Regulations.

The Board of Directors of our Company at its meeting held on Friday, May 30, 2025 has taken on record the basis of allotment of Equity Shares approved by the designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before June 2, 2025. In case the same is not received within four working days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on June 2,2025 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from NSE and the trading of the Equity Shares is expected to commence trading on Tuesday, June 3, 2025.

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at website: www.skvlinerta.com TRACK RECORD OF THE BOOKRUNNNING LEAD MANAGER: The BRLM associated with the Issue has handled Eight (8) Public Issues in the past three years out of which Zero (0) issue was closed below the Issue/ Offer Price on listing date

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for. Bidder DP ID. Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below

	SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
	Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase -1, New Delhi-110020
	Telephone: +91- 11 -40450193-97
	Email: ipo@skylinerta.com;
	Website: www.skylinerta.com
	Contact Person: Mr. Anuj Rana
	SEBI Registration Number: INR000003241
	CIN: U74899DL1995PTC071324

Disclaimer: Nikita Papers Limited has filed the Prospectus with the ROC on May 31,2025 and thereafter with SEBI and the Stack Exchange. The Prospectus is available on the website at the BRLM, Fast Track Finsec Private Limited at www.ftfinsec.com and the Company at www.nikitapapers.com. and shall also be available on the website of the NSE and SEBI, Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors" beginning on page 29 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities Laws in the United States and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being issued and sold outside the United States in "offshore transactions" in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such issues and sales are made. There will be no public Issuing in the United States.