Aten Papers & Foam Ltd IPO: Exciting Investment Opportunity with Key Details

Published On: 29/03/20252.4 min read

Aten Papers & Foam Ltd has launched its Initial Public Offering (IPO), presenting a compelling opportunity for investors interested in the latest IPO in India. This article provides comprehensive IPO details, including the IPO price band, subscription status, and other critical information to guide potential investors.​

Company Overview

Established in 2019, Aten Papers & Foam Ltd operates as a pivotal intermediary in the paper product supply chain. The company procures paper products such as Kraft Paper and Duplex Board from various mills and resells them to clients in the packaging industry. Additionally, it trades waste paper, purchasing from stockists and supplying it to paper mills as a key raw material. Based in Ahmedabad, the company’s products are widely utilized in packaging sectors, serving industries like groceries, medical supplies, and food packaging.​

IPO Timeline

  • IPO Opening Date: March 28, 2025​

  • IPO Closing Date: April 2, 2025​

  • Allotment Date: April 3, 2025​

  • Refund Initiation Date: April 4, 2025​

  • Demat Account Credit Date: April 4, 2025​

  • Listing Date: April 7, 2025​

Price Band

The shares are priced within a band of ₹91 to ₹96 per share. Investors can apply in lots of 1,200 shares, making the minimum investment ₹109,200.​

Lot Size

  • Lot Size: 1,200 shares​

  • Minimum Investment: ₹109,200​

Key Dates

  • IPO Opens: March 28, 2025​

  • IPO Closes: April 2, 2025​

  • Allotment Finalization: April 3, 2025​

  • Listing on BSE SME: April 7, 2025

Financials

Aten Papers & Foam Ltd has demonstrated steady financial growth over recent years:​

  • FY-22:

    • Revenue: ₹89.82 crore​

    • Net Profit: ₹0.76 crore​

  • FY-23:

    • Revenue: ₹91 crore​

    • Net Profit: ₹0.5 crore​

  • FY-24:

    • Revenue: ₹96.8 crore​

    • Net Profit: ₹2.78 crore​

Strengths

  • Strategic Positioning: Serves as a crucial intermediary in the paper supply chain.​

  • Diverse Product Portfolio: Offers a range of products including Kraft Paper, Duplex Board, and waste paper.

  • Experienced Management: Led by promoters Mohamedarif and Amrin Lakhani with over two decades in the industry.

  • Expansion Plans: Proceeds from the IPO will fund the establishment of three waste paper processing units in Ahmedabad, enhancing market presence.​

Risks

  • Market Concentration: Heavy reliance on the Gujarat market exposes the company to regional economic fluctuations.​

  • Operational Challenges: Potential inefficiencies associated with the expansion into waste paper processing.​

  • Price Volatility: Susceptibility to fluctuations in raw material prices and supply chain disruptions.

  • Regulatory Compliance: Exposure to legal and regulatory risks, including tax-related matters.​

  • Competitive Pressure: Faces competition from established players in the paper trading and processing industry.

IPO Anchor Investors Details

Details regarding anchor investors have not been disclosed as of now.​

IPO Promoter Holding Details

Shareholder Category Pre-Issue Holding (%) Post-Issue Holding (%)
Promoters 100 67.96
Public 0 32.04

IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Aten Papers & Foam Ltd’s IPO is currently zero, indicating no premium in the unlisted market.

Final Thoughts

Aten Papers & Foam Ltd’s IPO offers investors an opportunity to participate in a growing company within the paper supply chain sector. With a strategic expansion plan and experienced leadership, the company aims to strengthen its market position. However, potential investors should carefully consider the associated risks, including market concentration and operational challenges, before making an investment decision.​

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