Aten Papers & Foam Limited IPO (Aten Papers & Foam IPO) Detail
Aten Papers & Foam IPO is a book built issue of Rs 31.68 crores. The issue is entirely a fresh issue of 33.00 lakh shares.
Aten Papers & Foam IPO opens for subscription on March 28, 2025 and closes on April 2, 2025. The allotment for the Aten Papers & Foam IPO is expected to be finalized on Thursday, April 3, 2025. Aten Papers & Foam IPO will be list on BSE SME with a tentative listing date fixed as Monday, April 7, 2025.
Aten Papers & Foam IPO price band is set at ₹91 to ₹96 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,09,200. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,15,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,30,400.
Swastika Investmart Ltd is the book-running lead manager of the Aten Papers & Foam IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Aten Papers & Foam IPO is Sunflower Broking Private Limited.
Refer to Aten Papers & Foam IPO RHP for detailed information.
Aten Papers & Foam IPO Details
| IPO Date | March 28, 2025 to April 2, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹96 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 33,00,000 shares (aggregating up to ₹31.68 Cr) |
| Fresh Issue | 33,00,000 shares (aggregating up to ₹31.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,03,00,000 shares |
| Market Maker Portion | 1,65,600 shares Sunflower Broking Private Limited |
Aten Papers & Foam IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Aten Papers & Foam IPO Timeline (Tentative Schedule)
Aten Papers & Foam IPO opens on March 28, 2025, and closes on April 2, 2025.
| IPO Open Date | Fri, Mar 28, 2025 |
| IPO Close Date | Wed, Apr 2, 2025 |
| Tentative Allotment | Thu, Apr 3, 2025 |
| Initiation of Refunds | Fri, Apr 4, 2025 |
| Credit of Shares to Demat | Fri, Apr 4, 2025 |
| Tentative Listing Date | Mon, Apr 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 2, 2025 |
Aten Papers & Foam IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,15,200 |
| Retail (Max) | 1 | 1200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
| Lot Size Calculator | |||
Aten Papers & Foam IPO Promoter Holding
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Aten Papers & Foam Limited
Incorporated in 2019, Aten Papers & Foam Limited is operates as a key intermediary in the paper product supply chain.
The company sources paper from various mills and supplies it to clients in the packaging industry.
The company offers Kraft paper, duplex boards, and other products in various grades, thicknesses, and sizes, while also purchasing and selling wastepaper to paper mills as a crucial raw material.
Products:
- Kraft Paper: The company sells recycled Kraft paper for packaging, primarily to Gujarat-based customers with varying credit periods.
- Absorbent Kraft Paper: The company sells absorbent Kraft paper, recycled by mills, used in interior décor and furniture.
- Paper Bag Kraft Paper: The company produces durable, eco-friendly Kraft paper bags for packaging groceries, medical items, and more.
- Tube Kraft Paper: The company uses materials like wood pulp, kraft paper, and cardboard to manufacture tubes based on application.
As on November 30th, 2024, the company had 14 employees.
Competitive Strengths:
- Experienced Senior Management Team
- Variety of Products
- High Credibility with the Banker and existing lines of Credit since 2019
- In-house Logistics
- Ready Stock
Company Financials
Aten Papers & Foam Limited Financial Information (Restated)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 37.82 | 32.92 | 29.62 | 27.85 |
| Revenue | 58.18 | 96.8 | 91 | 89.82 |
| Profit After Tax | 3.82 | 2.78 | 0.5 | 0.76 |
| Net Worth | 10.85 | 7.03 | 4.25 | 3.74 |
| Reserves and Surplus | 3.85 | 6.03 | 3.25 | 2.75 |
| Total Borrowing | 10.96 | 15.67 | 16.03 | 15.44 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Aten Papers & Foam IPO is Rs 98.88 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.31% |
| ROCE | 23.23% |
| Debt/Equity | 2.23 |
| RoNW | 39.55% |
| PAT Margin | 2.87 |
| Price to Book Value | 9.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.97 | 7.41 |
| P/E (x) | 24.16 | 12.95 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Aten Papers & Foam IPO Objectives)
The Company Aten Papers & Foam IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Capital Expenditure | 42.5 |
| 2 | Incremental Working Capital Requirements | 155 |
| 3 | For General Corporate Purpose | |
| 4 | Public Issue Expenses |
Sorry, we couldn’t find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
Aten Papers & Foam IPO Prospectus
Aten Papers & Foam Limited Contact Details
Aten Papers & Foam Limited
Block-A, 102/A,
F. F, Tirmizi Heights, Opp Bombay Housing Colony,
Near Kirtikunj Society, Ahmedabad 380028
Phone: +91-9537861212
Email: cs@atenpapers.com
Website: http://www.atenpapers.com/
Aten Papers & Foam IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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