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.
The Company’s 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.
Aten Papers & Foam IPO – Details
| IPO Opening Date | 28 March 2025 |
| IPO Closing Date | 02 April 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 33,00,000 Shares Worth ₹31.68 Crore Fresh Issue: 33,00,000 Shares Worth ₹31.68 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 – ₹96 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aten Papers & Foam IPO – Date Schedule
| IPO Open Date | 28 March 2025 |
| IPO Close Date | 02 April 2025 |
| Basis of Allotment | 03 April 2025 |
| Initiation of Refund | 04 April 2025 |
| Credit of Shares to Demat Account | 04 April 2025 |
| IPO Listing Date | 07 April 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 02, 2025 |
Aten Papers & Foam IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,15,200 |
| Retail (Max) | 1 | 1200 | ₹1,15,200 |
| HNI (Min) | 2 | 2400 | ₹2,30,400 |
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 Promoters
- Mr. Mohamedarif Mohamedibrahim Lakhani
- Mrs. Amrin Lakhani
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 89.82 | 88.77 | 0.76 | 15.44 |
| 31 March 2023 | 90.99 | 90.31 | 0.50 | 16.03 |
| 31 March 2024 | 96.79 | 93.08 | 2.78 | 15.67 |
| 30 September 2024 | 58.18 | 53.08 | 3.81 | 10.96 |
Key Performance Indicator
| 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 |
Object Of The Issue
- Capital Expenditure.
- Incremental Working Capital Requirements.
- For General Corporate Purpose.
- Public Issue Expenses.
Aten Papers & Foam IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | – |
Aten Papers & Foam IPO Prospectus
Company Contact Information
| 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 |
Aten Papers & Foam IPO Lead Manager(s)
| 1. Swastika Investmart Ltd |
Aten Papers & Foam IPO FAQs
| What is Aten Papers & Foam IPO? Aten Papers & Foam IPO is a SME IPO. The issue is priced at ₹91 to ₹96 per equity share. The IPO is to be listed on BSE SME. |
| When Aten Papers & Foam IPO will open? The IPO is to open on 28 March 2025 for QIB, NII, and Retail Investors. |
| What is Aten Papers & Foam IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Aten Papers & Foam IPO? You can apply Aten Papers & Foam IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aten Papers & Foam IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aten Papers & Foam IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Aten Papers & Foam IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aten Papers & Foam IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Aten Papers & Foam IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aten Papers & Foam IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Aten Papers & Foam IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Aten Papers & Foam IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Aten Papers & Foam IPO Size? Aten Papers & Foam IPO size is ₹31.68 Crore. |
| What is the Aten Papers & Foam IPO Price Band? Aten Papers & Foam IPO Price Band is ₹91 to ₹96. |
| What is Aten Papers & Foam IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1200 Shares with ₹1,15,200 amount while the maximum bid is 1200 Shares with ₹1,15,200. |
| What is the Aten Papers & Foam IPO Allotment Date? Aten Papers & Foam IPO allotment date is 03 April 2025. |
| What is the Aten Papers & Foam IPO Listing Date? Aten Papers & Foam IPO listing date is 07 April 2025. The IPO is to be listed on BSE SME. |
