New Delhi, May 24 -- Kraft paper manufacturer Nikita Papers on Saturday fixed the price band at Rs.95-104 a share for its Rs.67.5 crore initial public offering.

The initial share sale will open for public subscription on May 27 and conclude on May 29. The shares of the company will be listed on the NSE's SME platform Emerge, the company said in a statement.

Investors can bid for a minimum of 1,200 equity shares and in multiples thereof. At the upper end of the price band, the company is going to mobilise around Rs.67.54 crore, it added.

The Initial Public Offering (IPO) of the company is entirely a fresh issue of 64.94 lakh equity shares.

The net proceeds from the fresh issue will be utilised to meet capital expenditure for setting up...