The Aten Papers IPO will open for subscription on March 28, 2025, and close on April 2, 2025. The allotment is expected to be finalized on April 3, 2025, and the IPO is set to list on BSE SME on April 7, 2025.
Aten Papers & Foam IPO is a Book Built Issue, aiming to raise ₹31.68 crores. The IPO comprises a fresh issue of 33.00 lakh shares, with no Offer for Sale (OFS). The company has allocated 50% of the issue to Qualified Institutional Buyers (QIBs), 15% to HNIs, and 35% to retail investors.
Investors can apply for a minimum lot size of 1,200 shares, requiring a minimum investment of ₹1,09,200, while High Net-worth Individuals (HNIs) need to bid for at least 2 lots (2,400 shares) amounting to ₹2,30,400. Due to a high possibility of oversubscription, investors are advised to bid at the cutoff price of ₹96 per share, increasing the retail investment amount to ₹1,15,200 per lot.
The IPO price band has been set at ₹91 to ₹96 per share, providing flexibility for investors. The company’s shares have a face value of ₹10 each.
Founded on January 7, 2019, Aten Papers & Foam Private Limited operates as an intermediary in the paper product supply chain, sourcing paper from various mills and distributing it to the packaging industry. The company provides a range of paper products, including Kraft paper, duplex boards, and wastepaper.
Competing in a highly competitive industry, Aten Papers & Foam faces challenges from both large-scale organized firms and smaller regional players. However, its experienced management team, strong banking credibility, and efficient logistics network give it an edge. The company currently employs 14 staff members as of November 30, 2024.
Aten Papers & Foam’s product offerings include Kraft paper, widely used for packaging solutions with a strong customer base in Gujarat. The company also supplies absorbent Kraft paper, used in interior décor and furniture manufacturing, and paper bag Kraft paper, an eco-friendly solution for grocery, medical, and retail packaging needs. Additionally, Aten Papers & Foam deals in tube Kraft paper, manufactured using wood pulp and cardboard for various industrial applications. With a readily available stock, in-house logistics, and a variety of product offerings, the company efficiently meets market demand.
Financially, Aten Papers & Foam has shown steady growth, with revenue increasing from ₹91.00 crores in 2023 to ₹96.80 crores in 2024. Its Profit After Tax (PAT) has significantly improved, rising from ₹0.50 crores in 2023 to ₹2.78 crores in 2024. With strong financials and an expanding market presence, the Aten Papers & Foam IPO appears to be a promising long-term investment opportunity.
Overview of Contents
Aten Papers IPO Overview
| Particulars | Details |
|---|---|
| IPO Subscription Period | March 28, 2025 – April 2, 2025 |
| Face Value per Share | ₹10 per share |
| Price Band | ₹91 – ₹96 per share |
| Minimum Lot Size | 1,200 shares per lot |
| Total Equity Offered | 33,00,000 shares (₹31.68 Cr) |
| Fresh Issue Component | 33,00,000 shares (₹31.68 Cr) |
| Issue Category | Book Built Issue IPO |
| Stock Exchange Listing | BSE SME |
| Pre-Issue Equity Holding | 70,00,000 shares |
| Post-Issue Equity Holding | 1,03,00,000 shares |
| Market Maker Allocation | 1,65,600 shares |
| Institutional Investor Quota | Up to 50% of Net Issue |
| Retail Investor Quota | At least 35% of Net Issue |
| High Net-worth Individual (HNI) Quota | At least 15% of Net Issue |
Aten Papers IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Aten Papers IPO Market Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,15,200 |
| Retail Maximum | 1 | 1200 | ₹1,15,200 |
| S-HNI Minimum | 2 | 2,400 | ₹2,30,400 |
Aten Papers IPO Dates
| IPO Opens | 28th March 2025 |
| IPO Closes | 2nd April 2025 |
| Allotment Finalization | 3rd April 2025 |
| Refund Initiation | 4th April 2025 |
| Demat Account Credit | 4th April 2025 |
| Listing Date | 7th April 2025 |
Objects of the Issue
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purposes
Aten Papers IPO Financial Performance
| Financial Metrics | 30th Sep 2024 | 31st Mar 2024 | 31st Mar 2023 | 31st Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 37.82 | 32.92 | 29.62 | 27.85 |
| Revenue (₹ Cr) | 58.18 | 96.80 | 91.00 | 89.82 |
| Profit After Tax (₹ Cr) | 3.82 | 2.78 | 0.50 | 0.76 |
| Net Worth (₹ Cr) | 10.85 | 7.03 | 4.25 | 3.74 |
| Reserves & Surplus (₹ Cr) | 3.85 | 6.03 | 3.25 | 2.75 |
| Total Borrowings (₹ Cr) | 10.96 | 15.67 | 16.03 | 15.44 |
Aten Papers IPO Valuation – FY2024
| Return on Net Worth (RoNW) | 39.55% |
| Return on Equity (ROE) | 49.31% |
| Return on Capital (ROCE) | 23.23% |
| Earnings Per Share (EPS) | ₹3.97 (Basic) |
| Net Asset Value (NAV) | ₹10.05 |
| EBITDA Margin | 5.32% |
| PAT Margin | 2.87% |
| Debt-to-Equity Ratio | 2.23 |
| Price-to-Earnings (P/E) Ratio | N/A |
Aten Papers IPO Registrar
Skyline Financial Services Private Limited
Phone: +011-40450193-197
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
Aten Papers IPO Review
- Sharekhan –
- SMC Global –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Nirmal Bang –
- SBICAP Securities –
- ICICIdirect –
- Choice Broking –
IPO Lead Managers aka Merchant Bankers
- Swastika Investmart Limited
Company Address
Aten Papers & Foam Private Limited
Block-A, 102/A, F. F, Tirmizi Heights,
Opp Bombay Housing Colony,
Near Kirtikunj Society,
Ahmedabad 380028,
Gujarat, India
Phone No: +91-9537861212
Email: [email protected]
Website: www.atenpapers.com
Aten Papers IPO FAQs
When is the Aten Papers & Foam IPO opening and closing?
The IPO opens for subscription on March 28, 2025, and closes on April 2, 2025.
What is the price band and lot size for Aten Papers & Foam IPO?
The price band is set between ₹91 to ₹96 per share, with a minimum lot size of 1,200 shares.
When will the allotment be finalized, and when is the listing date?
The basis of allotment is expected to be finalized on April 3, 2025, and the IPO is scheduled to list on BSE SME on April 7, 2025.
How much does a retail investor need to invest in Aten Papers & Foam IPO?
Retail investors must invest a minimum of ₹1,09,200 (for one lot). To increase allotment chances, investors may apply at the cutoff price, requiring ₹1,15,200.
Is Aten Papers & Foam IPO a good investment?
The company has shown strong financial growth, with revenue rising from ₹91 crore in 2023 to ₹96.8 crore in 2024, and net profit increasing significantly. Given its expansion and profitability, the IPO is considered a good long-term investment.