Aten Papers and Foam Limited IPO Details

SME

Aten Papers and Foam Limited IPO opens for subscription on 13 Jun 2025 and closes on 17 Jun 2025. The IPO will be listed on BSE with the tentative listing date set for 20 Jun 2025.

Aten Papers and Foam Limited IPO price band has been fixed at ₹91 – ₹96 per share.The face value is ₹10 per share with a lot size of 1200.

Aten Papers and Foam Limited IPO total issue size comprises 33,00,000 shares (aggregating up to ₹31.68 Cr). This includes a fresh issue of 33,00,000 shares (aggregating up to ₹31.68 Cr). Pre-issue shareholding stands at 70,00,000, which will increase to 1,03,00,000 post-issue.

Aten Papers and Foam Limited IPO Lot Size : Retain Minimum is 1 lot (1,200 shares) amounting to ₹115,200. Retain Maximum is 1 lot (1,200 shares) amounting to ₹115,200. SHNI Minimum is 2 lots (2,400 shares) amounting to ₹230,400.

The Lead Managers for Aten Papers and Foam Limited IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Swastika Investmart Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Sunflower Broking. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Aten Papers and Foam Limited RHP.

Aten Papers and Foam Limited IPO Details

Listing Price : ₹90 at a Discount of 6.25%
Open Date
13 Jun 2025
Close Date
17 Jun 2025
Listing Date
20 Jun 2025
Issue Price
₹91 - ₹96
Face Value
₹10 per share
Lot Size
1200
GMP
₹0
Issue Type
IPO
Listing On
BSE
Type
Book Built Issue
Share holding pre issue
7000000
Share holding post issue
10300000
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)
Offer for Sale
-

Aten Papers and Foam Limited IPO Subscription

Aten Papers and Foam Limited IPO Application Wise Breakup

Aten Papers and Foam Limited IPO Dates

  • 13 Jun 2025
    Opening dateOPD
  • 17 Jun 2025
    Closing dateCOD
  • 18 Jun 2025
    Allotment Date BOA
  • 19 Jun 2025
    Initiation of RefundsIOR
  • 19 Jun 2025
    Credit of SharesCOS
  • 20 Jun 2025
    Listing dateLID

Aten Papers and Foam Limited IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum11200₹115,200
Retain Maximum11200₹115,200
SHNI Minimum22400₹230,400
SHNI Maximum00
BHNI Minimum00

Aten Papers and Foam Limited IPO Reservation

Promoter Holding

Pre Issue:99.99%
Post Issue:67.96%
Promoter Names:
Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani

Aten Papers and Foam Limited IPO Valuations

ROE:49.31%
ROCE:23.23%
DEBT/EQUITY:2.23
RONW:39.55%
PAT MARGIN:2.87
PRICE TO BOOK VALUE:9.55
EPS Pre IPO:3.97
EPS Post IPO:7.41
P/E Pre IPO:24.16
P/E Post IPO:12.95

Aten Papers and Foam Limited Financial Information

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets37.8232.9229.6227.85
Revenue58.1896.89189.82
Profit After Tax3.822.780.50.76
Net Worth10.857.034.253.74
Reserves and Surplus3.856.033.252.75
Total Borrowing10.9615.6716.0315.44
Amount in ₹ Crore

About Aten Papers and Foam Limited IPO

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.

Strength Of Aten Papers and Foam Limited IPO

1. Experienced Promoter and management team with proven execution capabilities.

2. Quality control.

3. Customization as per Customer Needs.

4. Pan India Customer Base.

Risk Of Aten Papers and Foam Limited IPO

1. There are outstanding legal proceedings involving the Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.

2. Demand for its products may decrease due to changes in consumer preferences and fashion habits, which could have a material adverse effect on its business, results of operations, and financial condition.

3. Jewellery and often perceived as luxury purchases. Any factor negatively impacting discretionary spending by consumers may adversely affect its business, results of operations, financial condition and prospects.

4. The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semiprecious stones may have an adverse effect on its business, results of operations and financial condition.

5. Fluctuation in prices, non-availability or high cost of quality of gold, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.

6. The company does not register its Jewellery designs under the Designs Act, 2000 and its may lose income if its designs are duplicated by competitors. The company's Jewellery is designed by its job workers.

7. The Company has been formed specifically for the purpose of acquisition of the business of M/s Vaibhav Gems (Proprietorship firm of its Promoter) thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

8. The company generally do business with its customers on purchase order basis and does not enter into long term contracts with most of them.

9. Business Transfer Agreement executed between M/s Vaibhav Gems and the Company contains some restrictive covenants with certain terms and conditions. Inability to effectively service / comply the terms and conditions, comply with or obtain waivers of some covenants, as the case may be, may adversely affect its business, results of operations and financial conditions.

10. Its income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on its results of operations.

Objectives Aten Papers and Foam Limited IPO

1. Capital Expenditure

2. To Meet Working Capital Requirements

3. General Corporate Purpose

Company 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/

Registrar Contact Details

Name: Skyline Financial Services Private Ltd
Phone: +91-22-28511022

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